First Bancorp
About: First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment generates majority revenue, which consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.
Employees: 3,168
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
2,550% more call options, than puts
Call options by funds: $53K | Put options by funds: $2K
147% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 17
11% more capital invested
Capital invested by funds: $2.89B [Q2] → $3.22B (+$330M) [Q3]
11% more funds holding
Funds holding: 238 [Q2] → 263 (+25) [Q3]
2.15% less ownership
Funds ownership: 95.12% [Q2] → 92.97% (-2.15%) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 104
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$21
14%
upside
Avg. target
$23
23%
upside
High target
$25
36%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Keefe, Bruyette & Woods Kelly Motta 55% 1-year accuracy 11 / 20 met price target | 36%upside $25 | Outperform Maintained | 4 Dec 2024 |
Wells Fargo Timur Braziler 55% 1-year accuracy 12 / 22 met price target | 20%upside $22 | Equal-Weight Maintained | 3 Dec 2024 |
Piper Sandler Frank Schiraldi 65% 1-year accuracy 17 / 26 met price target | 14%upside $21 | Neutral Maintained | 24 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
1 month ago
First BanCorp Declares Quarterly Cash Dividend on Common Stock
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--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. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered.
Neutral
Seeking Alpha
1 month ago
First BanCorp. (FBP) Q3 2024 Earnings Call Transcript
First BanCorp. (NYSE:FBP ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Ramon Rodriguez - IR Aurelio Aleman - President and CEO Orlando Berges - EVP, CFO Conference Call Participants Timur Braziler - Wells Fargo Steve Moss - Raymond James Frank Schiraldi - Piper Sandler Kelly Motta - KBW Operator Good morning all. And thank you all for attending the First BanCorp Q3 2024 Financial Results Conference Call.
Neutral
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About First Bancorp (FBP) Q3 Earnings
While the top- and bottom-line numbers for First Bancorp (FBP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
First Bancorp (FBP) Tops Q3 Earnings Estimates
First Bancorp (FBP) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.46 per share a year ago.
Neutral
Business Wire
1 month ago
First BanCorp. Announces Earnings for the Quarter Ended September 30, 2024
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, compared to $75.8 million, or $0.46 per diluted share, for the second quarter of 2024, and $82.0 million, or $0.46 per diluted share, for the third quarter of 2023. Aurelio Alemán, President and Chief Exe.
Positive
Zacks Investment Research
2 months ago
Ahead of First Bancorp (FBP) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for First Bancorp (FBP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Negative
Zacks Investment Research
2 months ago
Earnings Preview: First Bancorp (FBP) Q3 Earnings Expected to Decline
First Bancorp (FBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
2 months ago
First BanCorp to Announce 3Q 2024 Results on October 23, 2024
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the third quarter ended September 30, 2024, before the market opens on October 23, 2024. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Wednesday, October 23, 2024. The call and webcast will be broadcast live over the.
Positive
Zacks Investment Research
3 months ago
Why Investors Need to Take Advantage of These 2 Finance Stocks Now
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Neutral
Seeking Alpha
4 months ago
First BanCorp. (FBP) Q2 2024 Earnings Call Transcript
First BanCorp. (NYSE:FBP ) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants Ramon Rodriguez - IR Officer Aurelio Aleman-Bermudez - President and CEO Orlando Berges-Gonzalez - EVP and CFO Conference Call Participants Brett Rabatin - Hovde Group Steve Moss - Raymond James Timur Braziler - Wells Fargo Kelly Motta - KBW Operator Good morning, everyone. My name is Kiki, and I will be your conference operator today.
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