FBP: First BanCorp (Puerto Rico)

Stock

About

First BanCorp (Puerto Rico) is a holding company, which engages in the provision of personal, commercial, and corporate banking services. It operates through the following segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment consists of the company's lending and other services for large customers represented by specialized and middle-market clients and the public sector. The Consumer (Retail) Banking segment includes consumer lending and deposit-taking activities conducted mainly through FirstBank's branch network in Puerto Rico. The Mortgage Banking segment focuses on the origination, sale, and servicing of a variety of residential mortgage loan products and related hedging activities. The Treasury and Investments segment deals with treasury and investment management functions. The United States Operations segment represents all banking activities conducted by FirstBank on the United States mainland. The Virgin Islands Operations segment includes all banking activities conducted by FirstBank in the U.S. Virgin Islands and the British Virgin Islands. The company was founded on October 29, 1948 and is headquartered in San Juan, Puerto Rico.

Website
www.1firstbank.com
Year Founded
1948
Employees
3,168
Sector
Financials
HQ Location
N/A

Current Value

$20.57

1 Year Return

$5.46
36.14%

Key Details

Market Cap

$3.37B

P/E Ratio

11.35

1Y Stock Return

37.39%

1Y Revenue Growth

6.17%

Dividend Yield

3.40%

Price to Book

2.0

Strategies that include
FBP

High risk

$14,000

Financial Sector

speculation
maximum growth

Double's Financial Sector Strategy invests in financial sector companies, including banks, insurance companies, and financial services firms. Providing exposure to the financial industry's performance, it plays a crucial role in diversified portfolios.

Top Sector

Financials

Top Holdings

Return

+12.69%

Expense Ratio

0.00%

Holdings

373

High risk

$13,000

U.S. Small Cap Value

speculation
maximum growth

This strategy concentrates primarily US small-cap value companies selected based on fundamental criteria

Top Sector

Financials

Top Holdings

Return

+16.66%

Expense Ratio

0.00%

Holdings

551

High risk

$9,000

US Small Cap

speculation
maximum growth

This strategy tracks a market-cap-weighted index of primarily small-cap US stocks, representing a small portion of the total market. This strategy focuses on the growth potential of smaller companies, offering investors targeted exposure to this dynamic segment of the US equity market. With a diversified portfolio of holdings it provides a broad approach to small-cap investing.

Top Sector

Financials

Top Holdings

Return

+10.03%

Expense Ratio

0.00%

Holdings

591

Create your own
strategy with

FBP
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Stock's related to
FBP

ETF's related to
FBP

News

SeekingAlpha

Cathay General Bancorp has had a nice run lower over the past year or so. Click here to find out why I think CATY stock now looks ready for a downgrade.

SeekingAlpha

Community Financial System has seen a 63.2% price increase in the past year. Read why I downgrade CBU stock from hold to sell.

SeekingAlpha

Financial writer recommends a 'hold' rating for First Hawaiian due to balance sheet weaknesses and declining profits, with potential for downgrade to...

Yahoo

SAN JUAN, Puerto Rico, October 30, 2024--First BanCorp. (the "Corporation") (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on December 13, 2024 to shareholders of record at the close of business on November 29, 2024.

Yahoo

First BanCorp ( NYSE:FBP ) Third Quarter 2024 Results Key Financial Results Revenue: US$219.3m (down 2.8% from 3Q...

Yahoo

First BanCorp (FBP) reports robust net income and asset quality improvements, while managing increased expenses and revised loan growth expectations.

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