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FIRST BANCORP PUERTO RICO (FBP) Stock Fundamental Analysis

NYSE:FBP - New York Stock Exchange, Inc. - PR3186727065 - Common Stock - Currency: USD

20.83  -0.05 (-0.24%)

After market: 20.83 0 (0%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to FBP. FBP was compared to 395 industry peers in the Banks industry. FBP has an average financial health and profitability rating. FBP is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year FBP was profitable.
In the past year FBP had a positive cash flow from operations.
In the past 5 years FBP has always been profitable.
FBP had a positive operating cash flow in each of the past 5 years.
FBP Yearly Net Income VS EBIT VS OCF VS FCFFBP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

1.2 Ratios

With an excellent Return On Assets value of 1.58%, FBP belongs to the best of the industry, outperforming 91.90% of the companies in the same industry.
With an excellent Return On Equity value of 16.99%, FBP belongs to the best of the industry, outperforming 95.44% of the companies in the same industry.
Industry RankSector Rank
ROA 1.58%
ROE 16.99%
ROIC N/A
ROA(3y)1.6%
ROA(5y)1.33%
ROE(3y)20.38%
ROE(5y)15.74%
ROIC(3y)N/A
ROIC(5y)N/A
FBP Yearly ROA, ROE, ROICFBP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

FBP has a Profit Margin of 31.63%. This is amongst the best in the industry. FBP outperforms 84.56% of its industry peers.
FBP's Profit Margin has improved in the last couple of years.
FBP does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 31.63%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.76%
PM growth 5Y4.92%
GM growth 3YN/A
GM growth 5YN/A
FBP Yearly Profit, Operating, Gross MarginsFBP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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4

2. Health

2.1 Basic Checks

FBP does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FBP has less shares outstanding
FBP has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, FBP has an improved debt to assets ratio.
FBP Yearly Shares OutstandingFBP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
FBP Yearly Total Debt VS Total AssetsFBP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

The Debt to FCF ratio of FBP is 0.86, which is an excellent value as it means it would take FBP, only 0.86 years of fcf income to pay off all of its debts.
FBP has a Debt to FCF ratio of 0.86. This is in the better half of the industry: FBP outperforms 77.72% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that FBP is not too dependend on debt financing.
FBP's Debt to Equity ratio of 0.19 is in line compared to the rest of the industry. FBP outperforms 45.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 0.86
Altman-Z N/A
ROIC/WACCN/A
WACC12.96%
FBP Yearly LT Debt VS Equity VS FCFFBP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FBP Yearly Current Assets VS Current LiabilitesFBP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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4

3. Growth

3.1 Past

FBP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.95%.
Measured over the past years, FBP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.59% on average per year.
Looking at the last year, FBP shows a small growth in Revenue. The Revenue has grown by 3.12% in the last year.
FBP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.36% yearly.
EPS 1Y (TTM)3.95%
EPS 3Y8.94%
EPS 5Y19.59%
EPS Q2Q%6.82%
Revenue 1Y (TTM)3.12%
Revenue growth 3Y3.3%
Revenue growth 5Y7.36%
Sales Q2Q%8.08%

3.2 Future

The Earnings Per Share is expected to grow by 10.99% on average over the next years. This is quite good.
Based on estimates for the next years, FBP will show a small growth in Revenue. The Revenue will grow by 7.49% on average per year.
EPS Next Y6.95%
EPS Next 2Y9.62%
EPS Next 3Y10.99%
EPS Next 5YN/A
Revenue Next Year10.1%
Revenue Next 2Y8.51%
Revenue Next 3Y7.49%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
FBP Yearly Revenue VS EstimatesFBP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
FBP Yearly EPS VS EstimatesFBP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.32, the valuation of FBP can be described as reasonable.
61.52% of the companies in the same industry are more expensive than FBP, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.15. FBP is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 9.58, which indicates a very decent valuation of FBP.
The rest of the industry has a similar Price/Forward Earnings ratio as FBP.
FBP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.60.
Industry RankSector Rank
PE 11.32
Fwd PE 9.58
FBP Price Earnings VS Forward Price EarningsFBP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

FBP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FBP is cheaper than 73.16% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.7
EV/EBITDA N/A
FBP Per share dataFBP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.63
PEG (5Y)0.58
EPS Next 2Y9.62%
EPS Next 3Y10.99%

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6

5. Dividend

5.1 Amount

FBP has a Yearly Dividend Yield of 3.42%. Purely for dividend investing, there may be better candidates out there.
FBP's Dividend Yield is comparable with the industry average which is at 3.47.
FBP's Dividend Yield is a higher than the S&P500 average which is at 2.42.
Industry RankSector Rank
Dividend Yield 3.42%

5.2 History

On average, the dividend of FBP grows each year by 33.03%, which is quite nice.
FBP has been paying a dividend for at least 10 years, so it has a reliable track record.
FBP has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)33.03%
Div Incr Years6
Div Non Decr Years6
FBP Yearly Dividends per shareFBP Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

35.81% of the earnings are spent on dividend by FBP. This is a low number and sustainable payout ratio.
The dividend of FBP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP35.81%
EPS Next 2Y9.62%
EPS Next 3Y10.99%
FBP Yearly Income VS Free CF VS DividendFBP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
FBP Dividend Payout.FBP Dividend Payout, showing the Payout Ratio.FBP Dividend Payout.PayoutRetained Earnings

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FIRST BANCORP PUERTO RICO

NYSE:FBP (6/30/2025, 8:04:51 PM)

After market: 20.83 0 (0%)

20.83

-0.05 (-0.24%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-24 2025-04-24/bmo
Earnings (Next)07-22 2025-07-22/bmo
Inst Owners98.06%
Inst Owner Change-1.17%
Ins Owners2.11%
Ins Owner Change1.98%
Market Cap3.36B
Analysts80
Price Target23.97 (15.07%)
Short Float %2.34%
Short Ratio3.22
Dividend
Industry RankSector Rank
Dividend Yield 3.42%
Yearly Dividend0.63
Dividend Growth(5Y)33.03%
DP35.81%
Div Incr Years6
Div Non Decr Years6
Ex-Date05-29 2025-05-29 (0.18)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.26%
Min EPS beat(2)9.44%
Max EPS beat(2)11.08%
EPS beat(4)4
Avg EPS beat(4)9.97%
Min EPS beat(4)7.84%
Max EPS beat(4)11.52%
EPS beat(8)8
Avg EPS beat(8)14.52%
EPS beat(12)11
Avg EPS beat(12)11.18%
EPS beat(16)15
Avg EPS beat(16)13.66%
Revenue beat(2)1
Avg Revenue beat(2)5.44%
Min Revenue beat(2)-5.89%
Max Revenue beat(2)16.77%
Revenue beat(4)1
Avg Revenue beat(4)1.31%
Min Revenue beat(4)-5.89%
Max Revenue beat(4)16.77%
Revenue beat(8)1
Avg Revenue beat(8)-1.38%
Revenue beat(12)5
Avg Revenue beat(12)3.32%
Revenue beat(16)9
Avg Revenue beat(16)6.9%
PT rev (1m)0%
PT rev (3m)0.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.26%
EPS NY rev (1m)0%
EPS NY rev (3m)5.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.63%
Valuation
Industry RankSector Rank
PE 11.32
Fwd PE 9.58
P/S 3.52
P/FCF 8.7
P/OCF 8.54
P/B 1.89
P/tB 1.97
EV/EBITDA N/A
EPS(TTM)1.84
EY8.83%
EPS(NY)2.17
Fwd EY10.44%
FCF(TTM)2.39
FCFY11.49%
OCF(TTM)2.44
OCFY11.71%
SpS5.92
BVpS11.01
TBVpS10.59
PEG (NY)1.63
PEG (5Y)0.58
Profitability
Industry RankSector Rank
ROA 1.58%
ROE 16.99%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 31.63%
GM N/A
FCFM 40.46%
ROA(3y)1.6%
ROA(5y)1.33%
ROE(3y)20.38%
ROE(5y)15.74%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.76%
PM growth 5Y4.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 0.86
Debt/EBITDA N/A
Cap/Depr 30.41%
Cap/Sales 0.77%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 127.93%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC12.96%
ROIC/WACCN/A
Cap/Depr(3y)61.95%
Cap/Depr(5y)56.86%
Cap/Sales(3y)1.91%
Cap/Sales(5y)1.91%
Profit Quality(3y)127.34%
Profit Quality(5y)160.82%
High Growth Momentum
Growth
EPS 1Y (TTM)3.95%
EPS 3Y8.94%
EPS 5Y19.59%
EPS Q2Q%6.82%
EPS Next Y6.95%
EPS Next 2Y9.62%
EPS Next 3Y10.99%
EPS Next 5YN/A
Revenue 1Y (TTM)3.12%
Revenue growth 3Y3.3%
Revenue growth 5Y7.36%
Sales Q2Q%8.08%
Revenue Next Year10.1%
Revenue Next 2Y8.51%
Revenue Next 3Y7.49%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-9.14%
FCF growth 3Y0.66%
FCF growth 5Y7.72%
OCF growth 1Y-10.64%
OCF growth 3Y0.37%
OCF growth 5Y6.55%