First Bancorp
NYSE:FBP

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First Bancorp
NYSE:FBP
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Price: 18.78 USD -0.11% Market Closed
Market Cap: 3.1B USD
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First Bancorp
Net Interest Income

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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First Bancorp
Net Interest Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Interest Income CAGR 3Y CAGR 5Y CAGR 10Y
First Bancorp
NYSE:FBP
Net Interest Income
$794.9m
CAGR 3-Years
3%
CAGR 5-Years
7%
CAGR 10-Years
4%
OFG Bancorp
NYSE:OFG
Net Interest Income
$582.8m
CAGR 3-Years
13%
CAGR 5-Years
12%
CAGR 10-Years
3%
Popular Inc
NASDAQ:BPOP
Net Interest Income
$2.2B
CAGR 3-Years
5%
CAGR 5-Years
3%
CAGR 10-Years
9%
No Stocks Found

First Bancorp
Glance View

Market Cap
3.1B USD
Industry
Banking

From its humble beginnings, First Bancorp has grown to become a significant player in the financial services sector, particularly within its primary market of Puerto Rico and the Virgin Islands. This regional bank, headquartered in San Juan, Puerto Rico, has carved out its niche by focusing on community banking. At its core, First Bancorp thrives on building relationships with its customers, offering a diverse portfolio of services tailored to meet the needs of individuals, small businesses, and larger commercial clients. The bank delivers traditional banking services such as checking and savings accounts, loans, and mortgages while also providing specialized services like wealth management and insurance. First Bancorp’s deep understanding of local markets has been a key driver in its success, enabling it to adapt and respond to the unique economic contexts within its operating regions. The bank’s revenue generation strategy is multifaceted, strategically leveraging the interest spread between deposits and loans. First Bancorp earns a significant portion of its income through the interest it charges on loans, which range from personal loans to more complex commercial loans. Concurrently, it gathers deposits from customers, paying interest rates that are typically lower than what it earns on loans, thus profiting from this difference. Beyond interest income, First Bancorp also benefits from non-interest income streams, which include fees for products and services such as transaction processing, servicing fees, and commissions on insurance products. By maintaining strong capital management and focusing on risk assessment, First Bancorp has positioned itself as a resilient institution capable of weathering various economic climates while continuing to provide value to its shareholders and serving its community.

FBP Intrinsic Value
23.23 USD
Undervaluation 19%
Intrinsic Value
Price

See Also

What is First Bancorp's Net Interest Income?
Net Interest Income
794.9m USD

Based on the financial report for Sep 30, 2024, First Bancorp's Net Interest Income amounts to 794.9m USD.

What is First Bancorp's Net Interest Income growth rate?
Net Interest Income CAGR 10Y
4%

Over the last year, the Net Interest Income growth was -1%. The average annual Net Interest Income growth rates for First Bancorp have been 3% over the past three years , 7% over the past five years , and 4% over the past ten years .

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