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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
$3.25B
P/E (TTM)
9.3
13.2
Dividend Yield
3.6%
52W High
$23.43
52W Low
$16.40
52W Range
59%
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

Q4 2025 Data

Revenue

$320.40M+9.82%
4-Quarter Trend

EPS

$0.56+21.74%
4-Quarter Trend

FCF

$105.61M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Rises Significantly GAAP Net Income reached $344.9M in 2025, up from $298.7M in 2024; Efficiency Ratio improved to 49.77%.
Net Interest Margin Expansion Tax-equivalent NII grew to $900.5M, driven by lower funding costs and redeployment into higher-yielding assets.
Loan Portfolio Growth Total loans held for investment increased by $380.2M to $13.1B, led by commercial and construction loan growth.
Strong Capital Ratios Maintained CET1 ratio for the Corporation stood at 16.76% (up from 16.32%), well exceeding regulatory minimums.

Risk Factors

Interest Rate Environment Risk Changes in interest rates impact NIM, loan demand, and funding costs; basis risk may compress net interest income.
Commercial Credit Quality Pressure Provision for C&I and construction loans increased due to loan growth and deterioration in commercial real estate outlook.
Puerto Rico Economic Uncertainty Prolonged fiscal challenges in Puerto Rico, including debt restructuring uncertainty, could adversely affect asset quality.
Cybersecurity and Technology Threats High dependency on technology infrastructure exposes the firm to material risks from cyber-attacks and system failures.

Outlook

NIM Expansion Expected Expect quarterly NIM expansion of 2 to 3 bps into 2026, assuming two additional FED rate cuts in H2 2026.
Stable Asset Quality Forecast Asset quality is expected to remain stable as consumer credit trends continue normalizing into the next fiscal year.
Focus on Organic Loan Growth Strategy focuses on delivering organic loan growth, primarily within commercial and residential mortgage loan portfolios.
Capital Deployment Actions Expect to return close to 100% of annual earnings to shareholders through capital deployment actions in 2026.

Peer Comparison

Revenue (TTM)

BMA stock ticker logoBMA
$4.01T
-43.6%
WBS stock ticker logoWBS
$4.42B
+5.8%
SNV stock ticker logoSNV
$3.33B
-0.6%

Gross Margin (Latest Quarter)

FIBK stock ticker logoFIBK
97.7%
+36.7pp
SNV stock ticker logoSNV
96.5%
+38.9pp
WSFS stock ticker logoWSFS
75.9%
+2.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WBS$10.96B10.910.7%5.1%
SNV$6.95B8.714.5%5.1%
BMA$4.20B38.34.7%6.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.2%
Moderate Growth
4Q Net Income CAGR
4.2%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 21, 2026
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LTM
No Data