First Bancorp
NYSE:FBP
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Intrinsic Value
The intrinsic value of one FBP stock under the Base Case scenario is 23.82 USD. Compared to the current market price of 21.3 USD, First Bancorp is Undervalued by 11%.
The Intrinsic Value is calculated as the average of DCF and Relative values:
Valuation Backtest
First Bancorp
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Fundamental Analysis
Economic Moat
First Bancorp
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Balance Sheet Decomposition
First Bancorp
Net Loans | 12.2B |
Investments | 5.5B |
PP&E | 136.4m |
Intangibles | 46.9m |
Other Assets | 988.4m |
Total Deposits | 16.3B |
Long Term Debt | 111.7m |
Other Liabilities | 699.2m |
In Q3 2024, First BanCorp posted a net income of $73.7 million, down slightly from the previous quarter, and reported a solid return on assets at 1.55%. Loan growth guidance has been revised from 5% to approximately 4% due to higher prepayments totaling $102 million. Despite this, asset quality improved with nonperforming assets dropping to 63 basis points. The bank aims to achieve net interest income (NII) improvements driven by a favorable rate environment expected to enhance margins moving into 2025. Capital actions included redeeming $50 million in debentures and paying $26.3 million in dividends, resulting in a 15% rise in tangible book value per share.
What is Earnings Call?
Wall St
Price Targets
FBP Price Targets Summary
First Bancorp
According to Wall Street analysts, the average 1-year price target for FBP is 23.29 USD with a low forecast of 20.2 USD and a high forecast of 26.25 USD.
Dividends
Current shareholder yield for FBP is .
Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?
Ownership
FBP Insider Trading
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Description
First BanCorp (Puerto Rico) is a holding company, which engages in the provision of personal, commercial, and corporate banking services through its subsidiaries. is a financial holding company. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico (the Bank or FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). The company operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Mortgage Banking, which consists of the origination, sale, and servicing of a range of residential mortgage loan products and related hedging activities; Treasury and Investments, which consists of treasury and investment management functions; United States Operations, which consists of all banking activities conducted by FirstBank on the United States mainland, and Virgin Islands Operations, which consists of banking activities conducted by FirstBank in the United States Virgin Islands and British Virgin Islands, including retail and commercial banking services.
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The intrinsic value of one FBP stock under the Base Case scenario is 23.82 USD.
Compared to the current market price of 21.3 USD, First Bancorp is Undervalued by 11%.