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First BanCorp.

First BanCorp.

NYSE•FBP
CEO: Mr. Aurelio Aleman-Bermudez
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1987-01-13
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans, as well as other products, such as cash management and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; and purchase of mortgage loans from branch and mortgage bankers. The Consumer (Retail) Banking segment provides auto loans, finance leases, boat and personal loans, credit card loans, and lines of credit; and interest-bearing and non-interest-bearing checking and savings accounts, and individual retirement accounts and retail certificates of deposit (CDs), as well as insurance agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans, residential mortgages, term and construction loan, home equity loans, lines of credit, FHLB advances, and brokered CDs; and internet banking, cash management, remote deposit capture, and automated clearing house transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.
Contact Information
1519 Ponce de Leon Avenue, Stop 23, San Juan, PR, 00908-0146, United States
787-729-8200
www.1firstbank.com
Market Cap
$3.39B
P/E (TTM)
10.0
15
Dividend Yield
3.4%
52W High
$22.61
52W Low
$16.40
52W Range
74%
Rank39Top 39.1%
4.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$304.54M+0.97%
4-Quarter Trend

EPS

$0.63+40.00%
4-Quarter Trend

FCF

$134.77M+16.75%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Interest Income Rises Q3 NII increased to $217.9M, driven by higher loan interest income and improved GAAP NIM to 4.57% compared to 4.25% prior year.
Credit Loss Provision Increases Provision expense rose to $17.6M for Q3 2025, mainly due to increased provisioning for commercial/construction loans amid economic outlook concerns.
Total Loans Surpass $13 Billion Total loans grew to $12.81B by September 30, 2025, led by commercial and construction lending in both PR and Florida regions.
Capital Strong; Tax Reversal Boosts Strong capital position maintained; Q3 results included a one-time $16.6M tax valuation allowance reversal benefiting net income.

Risk Factors

Concentrated Credit Exposure Noted Credit quality review concentrated on private label MBS and Puerto Rico government debt securities due to potential economic impacts.
Rate Cuts Pressure Future NIM Future NIM stability expected, but recent FED rate cuts may reduce yields on variable-rate commercial loans and cash holdings.
Puerto Rico Fiscal Uncertainty Uncertainty remains regarding the implementation of Puerto Rico’s debt restructuring plan (PoA) affecting client portfolios.
Cybersecurity Incident Exposure Ability to identify and prevent cyber-security incidents, including ransomware and data breaches, remains a key operational risk factor.

Outlook

Loan Growth Guidance Revised Down Full-year loan growth guidance revised down to 3%-4% outlook, primarily reflecting slower consumer loan production, especially in auto loans.
Stable NIM Expected Q4 Cash flows from securities redeployment expected to offset rate cut impacts, aiming for stable NIM through Q4 2025.
New $200M Buyback Approved Board approved a new $200M stock repurchase program through Q4 2026, signaling continued capital return efforts.
PR Fiscal Stability Reinforced PR economic outlook remains stable, supported by the first certified balanced budget under PROMESA taking effect in July 2025.

Peer Comparison

Revenue (TTM)

Banco Macro S.A.BMA
$4.82B
-19.2%
Synovus Financial Corp.SNV
$3.33B
-0.6%
Associated Banc-CorpASB
$2.15B
-1.4%

Gross Margin (Latest Quarter)

First Interstate BancSystem, Inc.FIBK
100.0%
+38.0pp
Synovus Financial Corp.SNV
96.5%
+38.9pp
First BanCorp.FBP
73.0%
+2.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SNV$6.95B8.714.5%5.1%
BMA$6.05B31.86.6%7.3%
ASB$4.32B24.43.7%9.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.4%
Moderate Growth
4Q Net Income CAGR
9.9%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 22, 2026
|
EPS:$0.51
|
Revenue:$256.18M
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $304.54M+1.0%
    |
    EPS: $0.63+40.0%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $302.07M+0.6%
    |
    EPS: $0.50+8.7%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $308.78M+3.2%
    |
    EPS: $0.47+6.8%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $1.19B+6.2%
    |
    EPS: $1.82+5.8%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $301.61M+2.2%
    |
    EPS: $0.45-4.3%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $300.19M+6.6%
    |
    EPS: $0.46+17.9%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $299.22M+9.9%
    |
    EPS: $0.44+12.8%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $1.12B+17.8%
    |
    EPS: $1.72+7.5%
    Beat