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First BanCorp.

FBP Financial Banks Regional

First BanCorp.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 2.38% from fiscal 2024.

Revenue
+3.16%
EPS
+1.59%
Free cash flow
−5.21%
Total debt
−31.0%

Quarter to September 2026, against a year earlier

25.98 0.55 −2.07%
Market cap
$3.9B
P/E
10.8×
Fwd P/E
10.9×
Dividend yield
3.00%
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 2.38
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 1 — — — 1 — 2 1 — —
Insider Ownership 2.59%

Capital & Financial Ratios $m

Size
Market Cap 3,910.00
Revenue ttm 1,283.97
Net income ttm 372.56
Free cash flow ttm 441.90
Net debt Q (262.71)
Valuation
P/E 10.83
Forward P/E 10.90
Price / sales 3.06
Forward P/S Powerpack
Price / FCF 8.88
Price / book 2.09
Financial health
Current ratio Q 0.80
Debt / equity Q 0.11
Interest coverage Q —
Growth
Revenue growth Q +3.16% (above 0%: growing)
Operating income growth Q +8.51% (above 0%: growing)
EPS, this year +11.97%
EPS, next year A +3.99%
Revenue, next year A −14.50% (below 0%: weak)
EPS, past 5 yrs +36.12% (at or above 15%: strong)
EPS, next 5 yrs A +8.47%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 41.40%
10-year low 10-year high
P/S against its own 10 years 83.90%
10-year low 10-year high
P/B against its own 10 years 92.85%
10-year low 10-year high

Dividends raised every year since 2018

Yield
3.00%
Annual rate
0.78
Payout ratio
32.9%
Growth, 2018–25
+57.5%/yr
  1. 0.03 ’18
  2. 0.14 ’19 +367
  3. 0.25 ’20 +79
  4. 0.31 ’21 +24
  5. 0.46 ’22 +48
  6. 0.56 ’23 +22
  7. 0.64 ’24 +14
  8. 0.72 ’25 +13
  9. 0.82 ’26e +14
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 663 1,159 659 463
Receivables — — — —
Inventory — — — —
Other — — — —
12,672 13,749 13,623 13,678
2023 2024 2025 Q'26
Payables 16,750 17,062 16,876 17,151
ST’ Debt — — — —
Other — — — —
16,750 17,062 16,876 17,175

Compound Annual Growth %

10y 5y 3y
Sales 6.21% 9.31% 8.39%
Cash Flow 5.53% 8.54% 0.61%
Earnings 32.11% 28.20% 4.17%
Book Value 1.50% (2.87%) 14.06%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.58 Actual 0.63

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.52 0.55 Beat by 0.03
Q1 FY26 0.52 0.57 Beat by 0.05
Q2 FY26 0.54 0.62 Beat by 0.08
Q3 FY26 0.58 0.63 Beat by 0.05
Q4 FY26 0.61 — Reports 26 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.57 0.62 0.63 — —
’25 0.47 0.50 0.63 0.55 2.15
’24 0.44 0.46 0.45 0.46 1.81
’23 0.39 0.39 0.46 0.46 1.71
’22 0.41 0.38 0.40 0.40 1.59
’21 0.28 0.33 0.36 0.35 1.31
’20 0.01 0.09 0.13 0.23 0.46
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 318 323 323 — —
’25 313 309 314 320 1,255
’24 302 304 307 312 1,226
’23 275 288 294 299 1,156
’22 231 240 252 263 986
’21 226 231 230 229 916
’20 195 180 200 229 804
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 121 92 — — —
’25 108 95 138 107 449
’24 118 71 118 97 404
’23 115 51 117 79 363
’22 115 105 115 106 440
’21 113 112 79 96 400
’20 92 31 48 127 298
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 116 88 — — —
’25 107 93 135 103 438
’24 115 69 115 95 395
’23 114 37 114 80 345
’22 108 101 112 101 421
’21 110 107 77 94 387
’20 87 28 44 122 282
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 673 651 707 766 804 916 986 1,156 1,226 1,255 1,284 +7.2% 1,073 1,120 1,158 (2.6%)
Gross margin, % 84.97 85.12 85.92 85.80 88.48 92.93 93.17 80.42 76.53 79.74 81.06 (5.2) pt
EBT 130 62 191 239 116 428 448 397 391 417 457 +13.8%
EBT margin, % 19.35 9.52 26.95 31.23 14.46 46.71 45.41 34.37 31.91 33.20 35.60 +13.9 pt
Net income 93 67 202 167 102 281 305 303 299 345 373 +15.6%
Per share, $
Per share, $ Revenue 3.16 3.04 3.28 3.54 3.71 4.36 5.17 6.55 7.45 7.85 8.50 +10.6%
Earnings 0.44 0.30 0.92 0.76 0.46 1.32 1.60 1.72 1.82 2.16 2.40 +19.3%
Cash flow 0.94 1.10 1.34 1.36 1.37 1.90 2.31 2.06 2.46 2.80 0.00 +13.0%
Capex (0.04) (0.03) 0.01 (0.10) (0.07) (0.06) (0.10) (0.10) (0.05) (0.07) 0.00 +6.8%
Free cash flow 0.90 1.07 1.35 1.26 1.30 1.84 2.21 1.95 2.40 2.74 0.00 +13.2%
Book value 8.39 8.74 9.48 10.29 10.49 10.00 6.95 8.48 10.14 12.30 12.41 +4.3%
Shares, m 213 214 216 217 217 210 191 177 165 160 155 (3.1%)
Valuation, ×
Valuation, × P/E 15.65 16.35 9.45 13.75 20.04 10.44 8.04 9.52 10.27 9.60 10.83 12.3
P/S 2.13 1.67 2.62 2.99 2.49 3.16 2.49 2.50 2.50 2.64 3.06 2.5
P/B 0.82 0.59 0.92 1.05 0.89 1.38 1.85 1.93 1.83 1.69 2.09 1.3
EV/Sales 3.00 1.99 3.10 3.14 1.40 0.80 2.87 2.50 2.01 2.35 — 2.3
EV/FCF 10.55 5.65 7.54 8.79 4.00 1.90 6.72 8.37 6.22 6.74 — 6.6
Cash, $m
Cash, $m Operating cash flow 199 236 288 294 298 400 440 363 404 449 458 +9.4%
Capex (8) (7) 3 (21) (16) (13) (19) (18) (9) (11) (16) +3.5%
Free cash flow 191 229 291 273 282 387 421 345 395 438 442 +9.6%
Balance, $m
Balance, $m Working capital (174) (43) 67 (48) (2,889) (4,868) (4,595) (4,078) (3,313) (3,253) (3,497) +38.5%
Net debt 587 207 338 110 (870) (2,159) 378 (1) (598) (369) (263) n/m
Shareholders’ equity 1,786 1,869 2,045 2,228 2,275 2,102 1,326 1,498 1,669 1,967 1,875 +1.1%
Returns, %
Returns, % ROA 0.76 0.53 1.62 1.33 0.63 1.40 1.55 1.61 1.56 1.79 1.91 +1.0 pt
ROIC 3.43 1.87 5.00 6.70 6.35 0.00 16.42 16.60 22.82 16.30 17.71 +12.9 pt
ROE 5.46 3.59 10.36 7.84 4.50 12.78 17.80 21.46 18.87 18.97 19.41 +13.5 pt
People
People Employees 2,701 2,553 2,643 2,674 3,317 3,075 3,133 3,168 3,113 3,218 — +2.0%
Revenue/emp, $m 0.25 0.25 0.27 0.29 0.24 0.30 0.31 0.36 0.39 0.39 — +5.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

First BanCorp. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IBOC International Bancshares Corporation $4.3B 10.1× 10.5× +2.82% (above 0%: growing) +5.75% (above 0%: growing) +9.70% (above 0%: growing) 81.66% 0.00% Compare
CVBF CVB Financial Corporation $4.0B 15.2× 14.0× +45.38% (above 0%: growing) +15.79% (above 0%: growing) +641.25% (above 0%: growing) 82.47% 0.00% Compare
WSFS WSFS Financial Corporation $4.0B 12.4× 11.7× +2.90% (above 0%: growing) +27.74% (above 0%: growing) +35.81% (above 0%: growing) 81.03% 0.00% Compare
INDB Independent Bank Corp. $4.0B 12.5× 11.5× +3.14% (above 0%: growing) +175.36% (above 0%: growing) −34.59% (below 0%: shrinking) 75.78% 0.00% Compare
GGAL Grupo Financiero Galicia S.A. $4.0B 15.2× — −91.05% (below 0%: shrinking) −72.04% (below 0%: shrinking) −347.48% (below 0%: shrinking) 100.00% 0.00% Compare
FBP First BanCorp. $3.9B 10.8× 10.9× +3.16% (above 0%: growing) +1.59% (above 0%: growing) −5.21% (below 0%: shrinking) 80.42% 0.00%
BANF BancFirst Corporation $3.9B 15.0× 14.3× −78.96% (below 0%: shrinking) +6.38% (above 0%: growing) +13.82% (above 0%: growing) 100.00% 0.00% Compare
WSBC WesBanco, Inc. $3.7B 11.0× 10.8× +0.69% (above 0%: growing) +5.95% (above 0%: growing) −14.15% (below 0%: shrinking) 69.86% 0.00% Compare
BMA Macro Bank Inc. $3.6B 12.2× 8.3× +4.42% (above 0%: growing) +17.44% (above 0%: growing) +198.80% (above 0%: growing) 77.07% 0.00% Compare
Median of peers $4.0B 12.5× 11.5× +2.86% +11.09% +11.76% 81.35% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 25 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.03m 5.88m 266.00
2024 4.77m 5.68m 206.00
2023 4.08m 5.38m 176.00
2022 3.77m 3.33m 131.00
2021 4.18m 7.42m 137.00

Ownership

Directors and executive officers, together 1.90%
BlackRock, Inc. 16.28%
The Vanguard Group. 14.11%
FMR LLC 7.72%
Dimensional Fund Advisors LP Building One 6.48%
State Street Corporation State Street Financial Center 5.89%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

First BanCorp. (FBP) Latest News

29 Oct

Impact 4 · · The Motley Fool earnings

23 Oct

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Impact 3 · · StockStory
Impact 3 · · Simply Wall St.

22 Oct

Impact 3 · · MarketBeat earnings
Impact 3 · · The Motley Fool transcript
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21 Oct

Impact 4 · · Business Wire
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15 Oct

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Impact 4 · · 24/7 Wall St.
Impact 3 · · Simply Wall St.
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6 Oct

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2 Oct

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30 Sep

Impact 3 · · StockStory

24 Sep

Impact 3 · · Simply Wall St.

24 Jul

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22 Jul

Impact 4 · · The Motley Fool transcript
Impact 4 ·
Impact 4 · · Moby transcript
Impact 3 · · MarketBeat
Impact 3 ·
Impact 3 ·
Impact 3 ·

FBP metrics, ten years each

stockrow.com/FBP · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com