Latest revenue
$279.2M
as of 2026-03-31
Latest net income
$88.8M
as of 2026-03-31
Net margin
31.8%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $3.73B
- Enterprise value
- $3.73B
- P/E (trailing)
- 10.8×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 3.1%
- 52-wk high
- $24.57
- 52-wk low
- $19.16
- Beta
- —
- Shares out
- 154.7M
5-year trend
What this company does
First BanCorp is the Puerto Rico-based holding company for FirstBank, a regional commercial bank serving Puerto Rico, the Virgin Islands, and Florida with loans, mortgages, credit cards, auto financing, and insurance. It earns most of its money from net interest income—the spread between interest on loans and securities and what it pays on deposits and borrowings—supplemented by deposit fees and insurance commissions. Following its 2020 acquisition of Banco Santander Puerto Rico, the bank is now returning capital aggressively, authorizing a $350 million buyback and hiking its dividend 20% as Q1 2022 earnings jumped to $82.6 million.
Generated from FBP's filing dated 2022-05-09
Key risks
- Geographic concentration: operations focused in Puerto Rico, USVI/BVI, and Florida, exposing FBP to Puerto Rico's fragile economic and fiscal recovery.
- LIBOR transition exposure: $2.1B variable-rate loans plus $368.2M (including $183.8M junior subordinated debentures) lacking fallback language before June 2023 cessation.
- Capital return pace may strain flexibility: $350M buyback over four quarters plus 20% dividend hike to $0.12 reduces cushion if credit deteriorates.
Generated from FBP's filing dated 2022-05-09
Profitability
Net margin
27.5%
12.8%Return on equity
20.7%
15.4%Return on assets
1.8%
16.4%Leverage
Debt / equity
10.46×
0.9%Long-term debt / equity
0.17×
48.4%Debt / assets
91.3%
0.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $279.2M | +0.8% | $88.8M | +15.2% | 31.8% |
Q4 2025 2025-12-31 | $426.4M | +4.9% | $87.1M | +15.1% | 20.4% |
Q3 2025 2025-09-30 | $278.0M | +0.6% | $100.5M | +36.3% | 36.2% |
Q2 2025 2025-06-30 | $273.5M | +0.6% | $80.2M | +5.7% | 29.3% |
Q1 2025 2025-03-31 | $277.1M | +2.2% | $77.1M | +4.9% | 27.8% |
Q4 2024 2024-12-31 | $406.6M | — | $75.7M | — | 18.6% |
Q3 2024 2024-09-30 | $276.2M | +7.0% | $73.7M | -10.1% | 26.7% |
Q2 2024 2024-06-30 | $272.0M | +6.9% | $75.8M | +7.3% | 27.9% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
State Commercial Banks · SIC 6022
Your notes
Keep private notes on FBP — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$0
Insider selling
$3.8M
Net activity
−$3.8M
Distinct insiders
5
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FBP
Institutional value
$1.61B
Total shares held
79.0M
Distinct holders
183
-107 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 22.9M | $489.0M | +107.7K (+0.5%) | Added |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 13.0M | $277.8M | — | New |
| 3 | DIMENSIONAL FUND ADVISORS LP | 7.9M | $168.6M | -165.8K (-2.1%) | Trimmed |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 7.0M | $149.0M | — | New |
| 5 | FIRST TRUST ADVISORS LP | 4.9M | $103.9M | +528.0K (+12.2%) | Added |
| 6 | Boston Partners | 1.8M | $38.8M | +1.6M (+908.8%) | Added |
| 7 | Bank of New York Mellon Corp | 1.7M | $36.3M | -42.9K (-2.5%) | Trimmed |
| 8 | Nuveen, LLC | 1.2M | $25.3M | -121.2K (-9.3%) | Trimmed |
| 9 | JPMORGAN CHASE & CO | 1.1M | $23.1M | -211.2K (-16.0%) | Trimmed |
| 10 | UBS Group AG | 1.0M | $21.9M | +331.6K (+47.8%) | Added |
| 11 | PRINCIPAL FINANCIAL GROUP INC | 1.0M | $21.8M | +52.6K (+5.4%) | Added |
| 12 | VANGUARD FIDUCIARY TRUST CO | 1.0M | $21.7M | — | New |
| 13 | Allianz Asset Management GmbH | 952.9K | $20.4M | -7.1K (-0.7%) | Trimmed |
| 14 | DEUTSCHE BANK AG\ | 734.2K | $15.7M | +17.0K (+2.4%) | Added |
| 15 | Public Sector Pension Investment Board | 703.3K | $15.0M | +48.5K (+7.4%) | Added |
| 16 | Russell Investments Group, Ltd. | 594.2K | $12.7M | +180.9K (+43.8%) | Added |
| 17 | CITIGROUP INC | 469.0K | $10.0M | +46.0K (+10.9%) | Added |
| 18 | Invesco Ltd. | 446.5K | $9.5M | +25.3K (+6.0%) | Added |
| 19 | RHUMBLINE ADVISERS | 428.8K | $9.2M | -7.9K (-1.8%) | Trimmed |
| 20 | Voya Investment Management LLC | 393.9K | $8.4M | -36.1K (-8.4%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With $350M buyback over four quarters and a 20% dividend hike, what stress scenario would force you to suspend either, given Puerto Rico macro risk?
- 2
On the $368.2M of LIBOR exposure lacking fallback language—particularly $134.3M PR municipal bonds—what mark-to-market or credit hit could the SOFR transition trigger?
- 3
Post-BSPR integration with 12 branches consolidated, quantify realized cost synergies year-to-date versus original targets, and what's left to extract?
Refreshed when FBP files a new report · last from 2022-05-09