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 6,823 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
163% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 16
11% more capital invested
Capital invested by funds: $2.94B [Q2] → $3.27B (+$335M) [Q3]
11% more funds holding
Funds holding: 238 [Q2] → 263 (+25) [Q3]
2.16% less ownership
Funds ownership: 96.53% [Q2] → 94.37% (-2.16%) [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
$20
2%
upside
Avg. target
$22
12%
upside
High target
$25
27%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Wells Fargo Timur Braziler 61% 1-year accuracy 17 / 28 met price target | 2%upside $20 | Equal-Weight Maintained | 6 Jan 2025 |
Keefe, Bruyette & Woods Kelly Motta 58% 1-year accuracy 11 / 19 met price target | 27%upside $25 | Outperform Maintained | 4 Dec 2024 |
Piper Sandler Frank Schiraldi 61% 1-year accuracy 17 / 28 met price target | 7%upside $21 | Neutral Maintained | 24 Oct 2024 |
Financial journalist opinion
Based on 3 articles about FBP published over the past 30 days
Positive
Zacks Investment Research
3 days ago
Insights Into First Bancorp (FBP) Q4: Wall Street Projections for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for First Bancorp (FBP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Positive
Zacks Investment Research
1 week ago
Is First BanCorp. (FBP) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
Business Wire
1 week ago
First BanCorp to Announce 4Q 2024 Results on January 23, 2025
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 fourth quarter ended December 31, 2024, before the market opens on January 23, 2025. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Thursday, January 23, 2025. The call and webcast will be broadcast live over the.
Neutral
Business Wire
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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
3 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
3 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.
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