State Commercial Banks · SIC 6022

FIRST BANCORP /PR/

FBP

Watch

Latest revenue

$279.2M

as of 2026-03-31

Latest net income

$88.8M

as of 2026-03-31

Net margin

31.8%

as of 2026-03-31

Price · 5Y

+17.4% / yr 3.6 pts / yr vs S&P 500 122.0% total
Compare:

Live market

delayed ≤15 min
$24.11
0.21%
Market cap
$3.73B
Enterprise value
$3.73B
P/E (trailing)
10.8×
Forward P/E
P/B
Dividend yield
3.1%
52-wk high
$24.57
52-wk low
$19.16
Beta
Shares out
154.7M

5-year trend

What this company does

AI

First BanCorp is the Puerto Rico-based holding company for FirstBank, a regional commercial bank serving Puerto Rico, the Virgin Islands, and Florida with loans, mortgages, credit cards, auto financing, and insurance. It earns most of its money from net interest income—the spread between interest on loans and securities and what it pays on deposits and borrowings—supplemented by deposit fees and insurance commissions. Following its 2020 acquisition of Banco Santander Puerto Rico, the bank is now returning capital aggressively, authorizing a $350 million buyback and hiking its dividend 20% as Q1 2022 earnings jumped to $82.6 million.

Generated from FBP's filing dated 2022-05-09

Key risks

AI
  • Geographic concentration: operations focused in Puerto Rico, USVI/BVI, and Florida, exposing FBP to Puerto Rico's fragile economic and fiscal recovery.
  • LIBOR transition exposure: $2.1B variable-rate loans plus $368.2M (including $183.8M junior subordinated debentures) lacking fallback language before June 2023 cessation.
  • Capital return pace may strain flexibility: $350M buyback over four quarters plus 20% dividend hike to $0.12 reduces cushion if credit deteriorates.

Generated from FBP's filing dated 2022-05-09

Profitability

Net margin

27.5%

12.8%

Return on equity

20.7%

15.4%

Return on assets

1.8%

16.4%

Leverage

Debt / equity

10.46×

0.9%

Long-term debt / equity

0.17×

48.4%

Debt / assets

91.3%

0.1%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$279.2M+0.8%$88.8M+15.2%31.8%

Q4 2025

2025-12-31

$426.4M+4.9%$87.1M+15.1%20.4%

Q3 2025

2025-09-30

$278.0M+0.6%$100.5M+36.3%36.2%

Q2 2025

2025-06-30

$273.5M+0.6%$80.2M+5.7%29.3%

Q1 2025

2025-03-31

$277.1M+2.2%$77.1M+4.9%27.8%

Q4 2024

2024-12-31

$406.6M$75.7M18.6%

Q3 2024

2024-09-30

$276.2M+7.0%$73.7M-10.1%26.7%

Q2 2024

2024-06-30

$272.0M+6.9%$75.8M+7.3%27.9%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

State Commercial Banks · SIC 6022

No data yet for industry average

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Insider activity

Insider buying

$0

Insider selling

$3.8M

Net activity

−$3.8M

Distinct insiders

5

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns FBP

Institutional value

$1.61B

Total shares held

79.0M

Distinct holders

183

-107 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.22.9M$489.0M+107.7K (+0.5%)Added
2VANGUARD PORTFOLIO MANAGEMENT LLC13.0M$277.8MNew
3DIMENSIONAL FUND ADVISORS LP7.9M$168.6M-165.8K (-2.1%)Trimmed
4VANGUARD CAPITAL MANAGEMENT LLC7.0M$149.0MNew
5FIRST TRUST ADVISORS LP4.9M$103.9M+528.0K (+12.2%)Added
6Boston Partners1.8M$38.8M+1.6M (+908.8%)Added
7Bank of New York Mellon Corp1.7M$36.3M-42.9K (-2.5%)Trimmed
8Nuveen, LLC1.2M$25.3M-121.2K (-9.3%)Trimmed
9JPMORGAN CHASE & CO1.1M$23.1M-211.2K (-16.0%)Trimmed
10UBS Group AG1.0M$21.9M+331.6K (+47.8%)Added
11PRINCIPAL FINANCIAL GROUP INC1.0M$21.8M+52.6K (+5.4%)Added
12VANGUARD FIDUCIARY TRUST CO1.0M$21.7MNew
13Allianz Asset Management GmbH952.9K$20.4M-7.1K (-0.7%)Trimmed
14DEUTSCHE BANK AG\734.2K$15.7M+17.0K (+2.4%)Added
15Public Sector Pension Investment Board703.3K$15.0M+48.5K (+7.4%)Added
16Russell Investments Group, Ltd.594.2K$12.7M+180.9K (+43.8%)Added
17CITIGROUP INC469.0K$10.0M+46.0K (+10.9%)Added
18Invesco Ltd.446.5K$9.5M+25.3K (+6.0%)Added
19RHUMBLINE ADVISERS428.8K$9.2M-7.9K (-1.8%)Trimmed
20Voya Investment Management LLC393.9K$8.4M-36.1K (-8.4%)Trimmed

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

AI
  1. 1

    With $350M buyback over four quarters and a 20% dividend hike, what stress scenario would force you to suspend either, given Puerto Rico macro risk?

  2. 2

    On the $368.2M of LIBOR exposure lacking fallback language—particularly $134.3M PR municipal bonds—what mark-to-market or credit hit could the SOFR transition trigger?

  3. 3

    Post-BSPR integration with 12 branches consolidated, quantify realized cost synergies year-to-date versus original targets, and what's left to extract?

Refreshed when FBP files a new report · last from 2022-05-09