A Business at a Glance
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FIRST BANCORP /PR/
FBP
$4.6B
Mkt Cap
$28.82
-0.10%
FIRST BANCORP /PR/ (FBP) has a current P/E ratio of 13.4, compared to its historical median P/E of 9.9. The stock is currently considered Expensive based on its historical valuation range.
FIRST BANCORP /PR/ (FBP) has a 5-year average return on invested capital (ROIC) of 15.3%. This indicates strong capital allocation and a potential competitive advantage.
FIRST BANCORP /PR/ (FBP) has a market capitalization of $4.6B. It is classified as a mid-cap stock.
Yes, FIRST BANCORP /PR/ (FBP) pays a dividend with a trailing twelve-month yield of 2.50%. The company also returns capital through share buybacks, with a buyback yield of 3.32%.
Based on historical P/E analysis, FIRST BANCORP /PR/ (FBP) appears expensive. The current P/E of 13.4 is 36% above its historical median of 9.9. The estimated fair value CAGR (P/E method) is 20.9%.
FIRST BANCORP /PR/ (FBP) operates in the State Commercial Banks industry, within the Financials sector.
FIRST BANCORP /PR/ (FBP) reported annual revenue of $1.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
FIRST BANCORP /PR/ operates in the State Commercial Banks industry, Financials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.3B | 1.3B | 1.2B | 1.2B | 986M | 916M |
| Net Income | 345M | 345M | 299M | 303M | 305M | 277M |
| EPS | $2.15 | $2.15 | $1.81 | $1.71 | $1.59 | $1.31 |
| Free Cash Flow | 438M | 438M | 394M | 340M | 420M | 386M |
| ROIC | 15.3% | 15.4% | 13.6% | 17.3% | 17.7% | 12.6% |
| Gross Margin | 74.2% | 74.2% | 74.5% | 78.7% | 90.4% | 86.2% |
| Debt/Equity | 0.15 | 0.15 | 0.34 | 0.44 | 0.06 | 0.14 |
| Dividends/Share | $0.72 | $0.72 | $0.64 | $0.56 | $0.46 | $0.31 |
| Operating Income | 18M | 18M | 19M | 26M | 16M | 428M |
| Operating Margin | 1.4% | 1.4% | 1.5% | 2.2% | 1.6% | 46.7% |
| ROE | 17.5% | 19.0% | 18.9% | 21.5% | 17.8% | 12.7% |
| Shares Outstanding | 160M | 160M | 165M | 177M | 192M | 212M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 695M | 687M | 673M | 651M | 707M | 766M | 804M | 916M | 986M | 1.2B | 1.2B | 1.3B | 1.3B |
| Gross Margin | 67.6% | 59.9% | 72.1% | 62.9% | 77.5% | 80.6% | 67.5% | 86.2% | 90.4% | 78.7% | 74.5% | 74.2% | 74.2% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 135M | 150M | 151M | 152M | 159M | 162M | 177M | 200M | 206M | 223M | 236M | 245M | 245M |
| EBIT | 30M | 33M | 31M | 29M | 33M | 40M | 16M | 428M | 16M | 26M | 19M | 18M | 18M |
| Op. Margin | 4.4% | 4.8% | 4.6% | 4.4% | 4.6% | 5.2% | 2.0% | 46.7% | 1.6% | 2.2% | 1.5% | 1.4% | 1.4% |
| Net Income | 394M | 21M | 93M | 64M | 199M | 165M | 100M | 277M | 305M | 303M | 299M | 345M | 345M |
| Net Margin | 56.7% | 3.1% | 13.8% | 9.9% | 28.1% | 21.5% | 12.4% | 30.3% | 30.9% | 26.2% | 24.4% | 27.5% | 27.5% |
| Non-Recurring | 21K | 36M | 2.4M | 12M | 1.4M | -242K | 215K | 32K | 924K | 3.5M | 103K | 16K | 16K |
| Returns on Capital | |||||||||||||
| ROIC | 27.2% | 1.3% | 5.3% | 3.5% | 10.1% | 7.7% | 4.4% | 12.6% | 17.7% | 17.3% | 13.6% | 15.4% | 15.3% |
| ROE | 27.3% | 1.3% | 5.3% | 3.5% | 10.2% | 7.7% | 4.4% | 12.7% | 17.8% | 21.5% | 18.9% | 19.0% | 17.5% |
| ROA | 3.1% | 0.2% | 0.8% | 0.5% | 1.6% | 1.3% | 0.6% | 1.4% | 1.5% | 1.6% | 1.6% | 1.8% | 1.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 264M | 262M | 199M | 236M | 288M | 294M | 298M | 400M | 440M | 363M | 404M | 449M | 449M |
| Free Cash Flow | 242M | 249M | 189M | 227M | 268M | 272M | 282M | 386M | 420M | 340M | 394M | 438M | 438M |
| Owner Earnings | 239M | 235M | 175M | 212M | 267M | 273M | 273M | 369M | 413M | 335M | 377M | 421M | 421M |
| CapEx | 22M | 12M | 10M | 9.4M | 21M | 22M | 16M | 13M | 20M | 23M | 10M | 11M | 11M |
| Maint. CapEx | 21M | 21M | 18M | 16M | 15M | 18M | 20M | 25M | 22M | 21M | 19M | 17M | 17M |
| Growth CapEx | 1.3M | 0 | 0 | 0 | 5.5M | 4.9M | 0 | 0 | 0 | 2.1M | 0 | 0 | 0 |
| D&A | 21M | 21M | 18M | 16M | 15M | 18M | 20M | 25M | 22M | 21M | 19M | 17M | 17M |
| CapEx/OCF | 8.4% | 4.8% | 5.2% | 4.0% | 7.1% | 7.6% | 5.4% | 3.3% | 4.6% | 6.2% | 2.5% | 2.5% | 2.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 6.5M | 30M | 43M | 65M | 88M | 100M | 106M | 116M | 116M |
| Dividend Yield | N/A | N/A | N/A | N/A | 0.5% | 1.6% | 3.6% | 2.9% | 3.6% | 4.6% | 3.6% | 3.6% | 2.5% |
| Share Buybacks | 946K | 1.2M | 1.1M | 2.5M | 2.8M | 2.0M | 206K | 217M | 278M | 203M | 102M | 154M | 154M |
| Buyback Yield | 0.1% | 0.2% | 0.1% | 0.3% | 0.2% | 0.1% | 0.0% | 8.6% | 12.8% | 7.3% | 3.4% | 4.6% | 3.3% |
| Stock-Based Comp | 4.2M | 6.0M | 6.9M | 7.3M | 5.8M | 3.9M | 5.1M | 5.5M | 5.4M | 7.8M | 8.7M | 10M | 10M |
| Debt Repayment | 0 | 0 | 0 | 306M | 216M | 205M | 95M | 240M | 500M | 20M | 97M | 270M | 270M |
| Balance Sheet | |||||||||||||
| Net Debt | 87M | -323M | -1.4B | -2.0B | -2.4B | -2.7B | -5.8B | -8.7B | -6.0B | -5.2B | -5.2B | -4.9B | -369M |
| Cash & Equiv. | 796M | 752M | 300M | 417M | 586M | 644M | 1.5B | 2.5B | 481M | 663M | 1.2B | 659M | 659M |
| Long-Term Debt | 7.2M | 7.5M | 7.7M | 8.3M | 9.0M | 9.4M | 6.4M | 5.1M | 8.3M | 662M | 562M | 290M | 290M |
| Debt/Equity | 0.54 | 0.38 | 0.43 | 0.16 | 0.07 | 0.04 | 0.13 | 0.14 | 0.06 | 0.44 | 0.34 | 0.15 | 0.15 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 |
| Equity | 1.7B | 1.7B | 1.8B | 1.9B | 2.0B | 2.2B | 2.3B | 2.1B | 1.3B | 1.5B | 1.7B | 2.0B | 2.0B |
| Total Assets | 12.7B | 12.6B | 11.9B | 12.3B | 12.2B | 12.6B | 18.8B | 20.8B | 18.6B | 18.9B | 19.3B | 19.1B | 19.1B |
| Total Liabilities | 11.1B | 10.9B | 10.1B | 10.4B | 10.2B | 10.4B | 16.5B | 18.7B | 17.3B | 17.4B | 17.6B | 17.2B | 17.2B |
| Intangibles | N/A | N/A | N/A | N/A | 11M | 7.6M | 41M | 30M | 21M | 13M | 7.0M | 3.5M | 3.5M |
| Retained Earnings | 717M | 738M | 831M | 895M | 1.1B | 1.2B | 1.2B | 1.4B | 1.6B | 1.8B | 2.0B | 2.3B | 2.3B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.87 | 0.10 | 0.43 | 0.30 | 0.92 | 0.76 | 0.46 | 1.31 | 1.59 | 1.71 | 1.81 | 2.15 | 2.15 |
| Owner EPS | 1.14 | 1.10 | 0.81 | 0.99 | 1.24 | 1.26 | 1.26 | 1.74 | 2.15 | 1.89 | 2.28 | 2.63 | 2.63 |
| Book Value | 7.94 | 7.95 | 8.26 | 8.72 | 9.46 | 10.28 | 10.51 | 9.93 | 6.91 | 8.46 | 10.11 | 12.26 | 12.26 |
| Cash Flow/Share | 1.25 | 1.23 | 0.92 | 1.10 | 1.33 | 1.36 | 1.38 | 1.89 | 2.30 | 2.05 | 2.45 | 2.80 | 2.26 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.14 | 0.20 | 0.31 | 0.46 | 0.56 | 0.64 | 0.72 | 0.72 |
| Shares Out. | 210.7M | 213.0M | 216.3M | 214.3M | 216.2M | 216.7M | 216.5M | 211.7M | 191.9M | 177.1M | 165.0M | 160.4M | 160.4M |
| Valuation | |||||||||||||
| P/E Ratio | 2.5 | 28.1 | 13.0 | 13.9 | 7.5 | 11.4 | 17.0 | 9.1 | 7.1 | 9.1 | 10.0 | 9.8 | 13.4 |
| P/FCF | 4.1 | 2.4 | 6.4 | 3.9 | 5.6 | 6.9 | 6.0 | 6.5 | 5.2 | 8.1 | 7.6 | 7.7 | 10.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 235.2 |
| Price/Book | 0.6 | 0.4 | 0.7 | 0.5 | 0.7 | 0.8 | 0.7 | 1.2 | 1.6 | 1.8 | 1.8 | 1.7 | 2.4 |
| Price/Sales | 1.3 | 1.3 | 1.1 | 1.5 | 1.9 | 2.4 | 1.5 | 2.4 | 2.4 | 1.9 | 2.4 | 2.5 | 3.7 |
| FCF Yield | 24.4% | 41.7% | 15.6% | 25.4% | 18.0% | 14.4% | 16.6% | 15.3% | 19.3% | 12.3% | 13.2% | 13.0% | 9.5% |
| Market Cap | 993M | 597M | 1.2B | 890M | 1.5B | 1.9B | 1.7B | 2.5B | 2.2B | 2.8B | 3.0B | 3.4B | 4.6B |
| Avg. Price | 4.22 | 4.08 | 3.41 | 4.59 | 6.20 | 8.53 | 5.59 | 10.43 | 12.56 | 12.21 | 17.74 | 19.95 | 28.82 |
| Year-End Price | 4.71 | 2.81 | 5.59 | 4.16 | 6.90 | 8.70 | 7.84 | 11.90 | 11.34 | 15.63 | 18.05 | 21.01 | 28.82 |
FIRST BANCORP /PR/ passes 7 of 9 quality checks, indicating strong fundamentals.
FIRST BANCORP /PR/ trades at 13.4x trailing earnings, compared to its 15-year median P/E of 9.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 10.6x vs a median of 6.5x. The company's 5-year average ROIC is 15.3% with a gross margin of 80.8%. Total shareholder yield (dividends + buybacks) is 5.8%. At current prices, the estimated annualized return to fair value is +12.4%.
FIRST BANCORP /PR/ (FBP) has a net profit margin of 27.5%. This is a strong margin indicating high profitability.
FIRST BANCORP /PR/ (FBP) generated $438 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FIRST BANCORP /PR/ (FBP) has a debt-to-equity ratio of 0.15. This indicates a conservatively financed balance sheet.
FIRST BANCORP /PR/ (FBP) reported earnings per share (EPS) of $2.15 in its most recent fiscal year.
FIRST BANCORP /PR/ (FBP) has a return on equity (ROE) of 19.0%. This indicates the company generates strong returns for shareholders.
FIRST BANCORP /PR/ (FBP) has a 5-year average gross margin of 80.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for FIRST BANCORP /PR/ (FBP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FIRST BANCORP /PR/ (FBP) has a book value per share of $12.26, based on its most recent annual SEC filing.
No recent press releases.