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First Bancorp FBP · Stock Open First Bancorp in new tab

29.70 USD
P/E
12.25
EPS
2.37
Yield
2.56%
Safety Score
97
P/B
2.23
ROE
19.49
Beta
0.80
Target Price
31.71 USD
First Bancorp logo

First Bancorp

🧾 Earnings Recap – Q1 2026

First BanCorp delivered a strong Q1 2026 performance with net income up 21% YoY, driven by record pre-provision income and disciplined capital deployment.

  • Net income reached $89 million ($0.57 per share), marking a 21% YoY increase; all-time high pre-tax pre-provision income of $131 million, up 5% from last year.
  • Return on average assets improved to 1.89%, maintaining a consistent above 1.5% for 17 quarters.
  • Total loans declined slightly to $13.1 billion amid normal seasonality, while core deposits grew 4.9% QoQ, supporting a resilient funding base.
  • Asset quality remains solid with record low NPAs and a 24% QoQ drop in delinquencies; charge-offs stayed stable.
  • Capital position remains strong at 16.9% CET1, with a 92% payout ratio via buybacks and dividends, emphasizing capital flexibility.
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Key Metrics
Earnings dateOct. 22, 2026
P/E12.25
EPS2.37
Book Value13.04
Price to Book2.23
% Insiders1.828%
Growth
Revenue Growth0.09%
Earnings Growth0.24%
Estimates
Forward P/E11.40
Forward EPS2.55
Target Mean Price31.71
Dividend
Dividend Yield2.56%
Annual dividends0.76 USD
Ex-Div. DateAug. 27, 2026
Payout32.09%
5y avg Yield3.03%

DCF Valuation

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DCF Result

Fair Value (DCF)
Current Price
Upside
WACC
Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

First Bancorp Logo First Bancorp Analysis (FBP)

United States Financials Official Website Stock

Is First Bancorp a good investment? First Bancorp (FBP) is currently trading at 29.70 USD. Market analysts have a consensus price target of 31.71 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 12.25. This relatively low multiple may signal that First Bancorp is undervalued compared to historical market norms.

Earnings Schedule: First Bancorp is expected to release its next earnings report on Oct. 22, 2026. The market consensus estimate for Forward EPS is 2.55.

For income investors, First Bancorp pays a dividend yield of 2.56%. With a payout ratio of 32%, the dividend appears sustainable.

Investor FAQ

Does First Bancorp pay a dividend?

Yes, it pays an annual dividend of 0.76 USD (2.56% yield).

What asset class is First Bancorp?

First Bancorp is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be Oct. 22, 2026. The company currently has a trailing EPS of 2.37.

Company Profile

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers. It operates through six segments: Mortgage Banking; Consumer (Retail) Banking; Commercial and Corporate Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; purchase of mortgage loans from branch and mortgage bankers; and origination of residential real estate loans. The Consumer (Retail) Banking segment is involved in consumer lending, commercial lending to small businesses, commercial transaction banking, and deposit-taking activities. The Commercial and Corporate Banking segment offers lending and other services, including commercial lending and commercial deposit-taking activities. The Treasury and Investments segment manages funding; and obtains funds through brokered deposits, advances from the FHLB, and repurchase agreements involving investment securities, among other funding sources. The United States Operations segment provides checking, savings, and money market accounts; retail CDs; internet banking services; residential mortgages; home equity loans and lines of credit; retail deposits; cash management services; remote data capture; automated clearing house transactions; and traditional commercial and industrial, and commercial real estate products, such as lines of credit, term loans, and construction loans. The Virgin Islands Operations segment focuses on consumer and commercial lending, and deposit-taking activities. The company also offers automobile financing and insurance agency services. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

Exchange Ticker
NYQ (United States) FBP
Trades
Dividend Yield
2.56%
5y avg 3.03%
Annual Dividends
0.76USD
Next Ex. Div Date
Aug. 27, 2026
Payout Ratio
32.09%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
0.54 USD
June 11, 2027 (estimated) 0.2712
March 12, 2027 (estimated) 0.2686
2026
0.85 USD
Dec. 11, 2026 (estimated) 0.2479
Sept. 11, 2026 0.2000
June 12, 2026 0.2000
March 13, 2026 0.2000
2025
0.72 USD
Dec. 12, 2025 0.1800
Sept. 12, 2025 0.1800
June 13, 2025 0.1800
March 7, 2025 0.1800
2024
0.64 USD
Dec. 13, 2024 0.1600
Sept. 13, 2024 0.1600
June 14, 2024 0.1600
March 8, 2024 0.1600
2023
0.56 USD
Dec. 8, 2023 0.1400
Sept. 8, 2023 0.1400
June 9, 2023 0.1400
March 10, 2023 0.1400
2022
0.46 USD
Dec. 9, 2022 0.1200
Sept. 9, 2022 0.1200
June 10, 2022 0.1200
March 11, 2022 0.1000
2021
0.31 USD
Dec. 10, 2021 0.1000
Sept. 10, 2021 0.0700
June 11, 2021 0.0700
March 12, 2021 0.0700
2020
0.20 USD
Dec. 11, 2020 0.0500
Sept. 11, 2020 0.0500
June 12, 2020 0.0500
March 13, 2020 0.0500
2019
0.14 USD
Dec. 13, 2019 0.0500
Sept. 13, 2019 0.0300
June 14, 2019 0.0300
March 15, 2019 0.0300
2018
0.03 USD
Dec. 14, 2018 0.0300
2009
0.14 USD
June 30, 2009 0.0700
March 31, 2009 0.0700
2008
0.28 USD
Dec. 31, 2008 0.0700
Sept. 30, 2008 0.0700
June 30, 2008 0.0700
March 31, 2008 0.0700
2007
0.28 USD
Dec. 31, 2007 0.0700
Sept. 28, 2007 0.0700
June 29, 2007 0.0700
March 30, 2007 0.0700
2006
0.28 USD
Dec. 29, 2006 0.0700
Sept. 29, 2006 0.0700
June 30, 2006 0.0700
March 31, 2006 0.0700
2005
0.42 USD
Dec. 30, 2005 0.0700
Sept. 30, 2005 0.0700
June 28, 2005 0.1400
March 31, 2005 0.1400
2004
0.48 USD
Dec. 31, 2004 0.1200
Sept. 30, 2004 0.1200
June 30, 2004 0.1200
March 30, 2004 0.1200
2003
0.44 USD
Dec. 30, 2003 0.1100
Sept. 30, 2003 0.1100
June 27, 2003 0.1100
March 28, 2003 0.1100
2002
0.55 USD
Dec. 31, 2002 0.1000
Sept. 27, 2002 0.1500
June 28, 2002 0.1500
March 28, 2002 0.1500
2001
0.52 USD
Dec. 30, 2001 0.1300
Sept. 28, 2001 0.1300
June 29, 2001 0.1300
March 30, 2001 0.1300
2000
0.44 USD
Dec. 29, 2000 0.1100
Sept. 29, 2000 0.1100
June 30, 2000 0.1100
March 31, 2000 0.1100
1999
0.36 USD
Dec. 31, 1999 0.0900
Sept. 30, 1999 0.0900
June 30, 1999 0.0900
March 31, 1999 0.0900
1998
0.53 USD
Dec. 31, 1998 0.0750
Sept. 30, 1998 0.0750
June 30, 1998 0.0750
May 13, 1998 0.1500
March 31, 1998 0.1500
1997
0.48 USD
Dec. 30, 1997 0.1200
Sept. 30, 1997 0.1200
June 30, 1997 0.1200
March 31, 1997 0.1200
1996
0.40 USD
Dec. 27, 1996 0.1000
Sept. 30, 1996 0.1000
June 30, 1996 0.1000
March 29, 1996 0.1000
1995
0.11 USD
Dec. 29, 1995 0.0800
Sept. 30, 1995 0.0322
1992
1.65 USD
Dec. 7, 1992 1.6500
1990
0.08 USD
March 30, 1990 0.0789
1989
0.44 USD
Dec. 29, 1989 0.1430
Sept. 29, 1989 0.1430
June 30, 1989 0.0789
March 30, 1989 0.0789
1988
0.14 USD
Dec. 30, 1988 0.1430
1987
0.22 USD
March 25, 1987 0.2228
Upcoming Dividends
Name Payment Date Status Amount
First Bancorp Sep 11, 2026 Upcoming 0.2 USD
First Bancorp Jun 12, 2026 0.2 USD
First Bancorp Mar 13, 2026 0.2 USD
First Bancorp Dec 12, 2025 0.18 USD
First Bancorp Sep 12, 2025 0.18 USD
Stock Splits
Split Date Split Ratio to 1
Oct. 1, 2002 1.500000
July 1, 2005 2.000000
Jan. 7, 2011 0.070000
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