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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. In the quarter to June 2026, revenue grew 4.63%, EPS grew 26.0%, free cash flow fell 5.21% and total debt fell 37.5%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five.

27.35 0.16 +0.59%
Market cap
$4.2B
P/E
11.4×
Fwd P/E
10.8×
Dividend yield
2.85%
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 2.38
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — 1 1 — — — 1 — 2 1 —
Insider Ownership 2.99%

Capital & Financial Ratios $m

Market Cap 4,150.00
Revenue 1,274.07
Net Income 372.56
Free Cash Flow 441.90
Net Debt (361.33)
Current Ratio 0.80
Debt/Equity 0.10
P/E ratio 11.44
Fwd P/E 10.80
P/S ratio 3.29
P/B ratio 2.12
Past 5Y EPS Growth 36.12% (at or above 15%: strong)
This Y EPS Growth 11.64%
Next Y EPS Growth 7.49%
Next Y revenue growth (13.23%) (below 0%: weak)
Next 5Y EPS Growth 7.35%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 51.12%
10-year low 10-year high
P/S against its own 10 years 93.66%
10-year low 10-year high
P/B against its own 10 years 93.99%
10-year low 10-year high

Dividends

Payout Ratio 0.33
Annual Dividend Rate 0.78
Annual Dividend Yield 2.85%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.80
0.20
0.20
0.20
2025 0.72
0.18
0.18
0.18
0.18
2024 0.64
0.16
0.16
0.16
0.16
2023 0.56
0.14
0.14
0.14
0.14
2022 0.46
0.10
0.12
0.12
0.12
2021 0.31
0.07
0.07
0.07
0.10
2020 0.25
0.05
0.05
0.05
0.05
0.05
2019 0.14
0.03
0.03
0.03
0.05
2018 0.03
0.03
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 663 1,159 659 561
Receivables — — — —
Inventory — — — —
Other — — — —
12,672 13,749 13,623 13,660
2023 2024 2025 Q'26
Payables 16,750 17,062 16,876 17,064
ST’ Debt — — — —
Other — — — —
16,750 17,062 16,876 17,064

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%

Revenue $m

Mar Jun Sep Dec Year
’26 318 323 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.57 0.62 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2.06 4.48 5.02 8.30 3.50 8.88 11.94 10.18 15.15 16.40

Analyst estimates 2026–2028

Powerpack
High 7.05 7.02 9.68 11.94 10.67 14.91 16.62 17.15 22.40 22.61
People
People Employees 2,701 2,553 2,643 2,674 3,317 3,075 3,133 3,168 3,113 3,218
Revenue/emp, $m 0.25 0.25 0.27 0.29 0.24 0.30 0.31 0.36 0.39 0.39
Income, $m
Income, $m Revenue 673 651 707 766 804 916 986 1,156 1,226 1,255
Gross margin, % 84.97 85.12 85.92 85.80 88.48 92.93 93.17 80.42 76.53 79.74
EBT 130 62 191 239 116 428 448 397 391 417
EBT margin, % 19.35 9.52 26.95 31.23 14.46 46.71 45.41 34.37 31.91 33.20
Net income 93 67 202 167 102 281 305 303 299 345
Depreciation 23 17 14 16 37 38 27 35 31 18
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
Earnings 0.44 0.30 0.92 0.76 0.46 1.32 1.60 1.72 1.82 2.16
Cash flow 0.94 1.10 1.34 1.36 1.37 1.90 2.31 2.06 2.46 2.80
Capex (0.04) (0.03) 0.01 (0.10) (0.07) (0.06) (0.10) (0.10) (0.05) (0.07)
Free cash flow 0.90 1.07 1.35 1.26 1.30 1.84 2.21 1.95 2.40 2.74
Book value 8.39 8.74 9.48 10.29 10.49 10.00 6.95 8.48 10.14 12.30
Shares, m 213 214 216 217 217 210 191 177 165 160
Valuation, ×
Valuation, × P/E 15.65 16.35 9.45 13.75 20.04 10.44 8.04 9.52 10.27 9.60
P/S 2.13 1.67 2.62 2.99 2.49 3.16 2.49 2.50 2.50 2.64
P/B 0.82 0.59 0.92 1.05 0.89 1.38 1.85 1.93 1.83 1.69
EV/Sales 3.00 1.99 3.10 3.14 1.40 0.80 2.87 2.50 2.01 2.35
EV/FCF 10.55 5.65 7.54 8.79 4.00 1.90 6.72 8.37 6.22 6.74
Cash, $m
Cash, $m Operating cash flow 199 236 288 294 298 400 440 363 404 449
Capex (8) (7) 3 (21) (16) (13) (19) (18) (9) (11)
Free cash flow 191 229 291 273 282 387 421 345 395 438
Balance, $m
Balance, $m Working capital (174) (43) 67 (48) (2,889) (4,868) (4,595) (4,078) (3,313) (3,253)
Total debt 886 924 924 754 624 384 859 662 562 290
Net debt 587 207 338 110 (870) (2,159) 378 (1) (598) (369)
Shareholders’ equity 1,786 1,869 2,045 2,228 2,275 2,102 1,326 1,498 1,669 1,967
Returns, %
Returns, % ROA 0.76 0.53 1.62 1.33 0.63 1.40 1.55 1.61 1.56 1.79
ROIC 3.43 1.87 5.00 6.70 6.35 0.00 16.42 16.60 22.82 16.30
ROE 5.46 3.59 10.36 7.84 4.50 12.78 17.80 21.46 18.87 18.97
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
SFBS ServisFirst Bancshares, Inc. $4.3B 13.4× 12.3× +6.36% (above 0%: growing) +40.18% (above 0%: growing) +141.10% (above 0%: growing) 64.14% 0.00% Compare
FULT Fulton Financial Corporation $4.3B 10.7× 11.1× +7.53% (above 0%: growing) −1.89% (below 0%: shrinking) +6.85% (above 0%: growing) 71.64% 0.00% Compare
IBOC International Bancshares Corporation $4.2B 10.1× 11.2× +0.96% (above 0%: growing) −4.35% (below 0%: shrinking) −3.33% (below 0%: shrinking) 81.33% 0.00% Compare
FBP First BanCorp. $4.2B 11.4× 10.8× +4.63% (above 0%: growing) +26.00% (above 0%: growing) −5.21% (below 0%: shrinking) 81.89% 0.00%
UCB United Community Banks, Inc. $4.1B 11.1× 11.3× +0.18% (above 0%: growing) +50.79% (above 0%: growing) +43.32% (above 0%: growing) 72.97% 0.00% Compare
BMA Macro Bank Inc. $4.1B 14.0× 15.4× +4.42% (above 0%: growing) +17.44% (above 0%: growing) +198.80% (above 0%: growing) 77.07% 0.00% Compare
CATY Cathay General Bancorp $4.0B 11.6× 10.6× +3.12% (above 0%: growing) +24.32% (above 0%: growing) +272.48% (above 0%: growing) 63.72% 0.00% Compare
TCBI Texas Capital Bancshares, Inc. $3.9B 11.7× 13.4× +4.34% (above 0%: growing) +16.35% (above 0%: growing) +62.74% (above 0%: growing) 65.14% 0.00% Compare
WSFS WSFS Financial Corporation $3.9B 12.8× 11.6× +1.64% (above 0%: growing) +28.35% (above 0%: growing) −141.58% (below 0%: shrinking) 81.45% 0.00% Compare
Median of peers $4.1B 11.7× 11.5× +3.73% +20.88% +53.03% 72.31% 0.00%

All 323 Banks Regional stocks →

First BanCorp. (FBP) key facts

  • Strength: First BanCorp.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 2.38% from fiscal 2024.
  • Strength: Net income was $344.9 million, or $2.16 per share (basic), a net margin of 27.5%.
  • First BanCorp. (FBP) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, FBP traded at $27.35, a market capitalization of $4.2 billion.
  • At that price the stock trades at 11.4× trailing-twelve-month earnings and 3.3× sales; its P/E is higher than 51% of its own readings over the past ten years.
  • First BanCorp. pays an annual dividend of $0.78 per share, a yield of 2.85%, with a payout ratio of 32.9%.
  • Return on equity was 19.0% and debt-to-equity 0.10.
  • Its Piotroski F-score is 9 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

First BanCorp. (FBP) Latest News

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stockrow.com/FBP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com