First Bancorp
NYSE:FBP

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First Bancorp
NYSE:FBP
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Price: 21.3 USD 1.33% Market Closed
Market Cap: 3.5B USD
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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:

FBP Intrinsic Value
23.82 USD
Undervaluation 11%
Intrinsic Value
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First Bancorp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
First Bancorp

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Financials
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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
Earnings Calls

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

Wall Street analysts forecast FBP stock price to rise over the next 12 months.

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.

Lowest
Price Target
20.2 USD
5% Downside
Average
Price Target
23.29 USD
9% Upside
Highest
Price Target
26.25 USD
23% Upside
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Dividends

Dividend Yield
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Dividend Per Share
N/A
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Growth 10Y
Dividend Safety Score
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0
25
50
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100
Previous Payment
-
Today
Next Payment
-
Today
Nov 24, 2024
Previous Payment
-
Next Payment
-
Ex-Dividend Date
-
Shareholder Yield

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?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Ownership

FBP Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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FBP News

Profile

First Bancorp Logo
First Bancorp

Country

Puerto Rico

Industry

Banking

Market Cap

3.5B USD

Dividend Yield

2.91%

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.

Contact

SAN JUAN
1519 Ponce De Leon Ave, Piso 9 Pda. 23 Santurce
+17877298200.0
www.1firstbank.com

IPO

1987-01-13

Employees

3 075

Officers

President, CEO & Director
Mr. Aurelio Aleman-Bermudez
Executive VP & CFO
Mr. Orlando Berges-González CPA
Executive VP & COO
Mr. Donald L. Kafka
Executive VP & Chief Risk Officer
Ms. Nayda Rivera-Batista CPA
Chief Accounting Officer, Controller & Senior VP
Mr. Said Ortiz CPA
Senior Vice President of Corporate Strategy / Investor Relations
Ramon Rodriguez C.F.A.
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Executive VP, General Counsel & Secretary of the Board
Ms. Sara Alvarez-Cabrero
Executive VP & Strategic Management Director
Ms. Ginoris Lopez-Lay
Executive VP & Business Group Director
Mr. Thomas Michael McDonald
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See Also

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What is the Intrinsic Value of one FBP stock?

The intrinsic value of one FBP stock under the Base Case scenario is 23.82 USD.

Is FBP stock undervalued or overvalued?

Compared to the current market price of 21.3 USD, First Bancorp is Undervalued by 11%.

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