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FIRST BANCORP PUERTO RICO (FBP) Stock Fundamental Analysis

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

19.955  -0.08 (-0.37%)

Fundamental Rating

5

Overall FBP gets a fundamental rating of 5 out of 10. We evaluated FBP against 396 industry peers in the Banks industry. FBP has an average financial health and profitability rating. FBP has a decent growth rate and is not valued too expensively. Finally FBP also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

FBP had positive earnings in the past year.
FBP had a positive operating cash flow in the past year.
FBP had positive earnings in each of the past 5 years.
In the past 5 years FBP always reported a positive cash flow from operatings.
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 91.92% of the companies in the same industry.
FBP's Return On Equity of 16.99% is amongst the best of the industry. FBP outperforms 95.45% of its industry peers.
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's Profit Margin of 31.63% is amongst the best of the industry. FBP outperforms 84.34% 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.
The number of shares outstanding for FBP has been reduced compared to 1 year ago.
FBP has less shares outstanding than it did 5 years ago.
The debt/assets ratio for FBP has been reduced compared to a year ago.
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

FBP has a debt to FCF ratio of 0.86. This is a very positive value and a sign of high solvency as it would only need 0.86 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.86, FBP is in the better half of the industry, outperforming 77.53% of the companies in the same industry.
A Debt/Equity ratio of 0.19 indicates that FBP is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.19, FBP is in line with its industry, outperforming 45.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 0.86
Altman-Z N/A
ROIC/WACCN/A
WACC13.24%
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

The Earnings Per Share has been growing slightly by 3.95% over the past year.
FBP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.59% yearly.
FBP shows a small growth in Revenue. In the last year, the Revenue has grown by 3.12%.
Measured over the past years, FBP shows a small growth in Revenue. The Revenue has been growing by 7.36% on average per year.
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

Based on estimates for the next years, FBP will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.99% on average per year.
FBP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.49% yearly.
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

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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

With a Price/Earnings ratio of 10.85, the valuation of FBP can be described as very reasonable.
FBP's Price/Earnings ratio is a bit cheaper when compared to the industry. FBP is cheaper than 60.86% of the companies in the same industry.
FBP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.43.
FBP is valuated reasonably with a Price/Forward Earnings ratio of 9.18.
FBP's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.17. FBP is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.85
Fwd PE 9.18
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

Compared to the rest of the industry, the Price/Free Cash Flow ratio of FBP indicates a somewhat cheap valuation: FBP is cheaper than 72.47% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.33
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

FBP's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.56
PEG (5Y)0.55
EPS Next 2Y9.62%
EPS Next 3Y10.99%

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7

5. Dividend

5.1 Amount

FBP has a Yearly Dividend Yield of 3.59%.
FBP's Dividend Yield is a higher than the industry average which is at 3.46.
Compared to an average S&P500 Dividend Yield of 2.38, FBP pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.59%

5.2 History

On average, the dividend of FBP grows each year by 33.03%, which is quite nice.
FBP has paid a dividend for at least 10 years, which is 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 (6/5/2025, 12:11:41 PM)

19.955

-0.08 (-0.37%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-24 2025-04-24/bmo
Earnings (Next)07-21 2025-07-21/bmo
Inst Owners99.28%
Inst Owner Change-1.17%
Ins Owners1.99%
Ins Owner Change2.56%
Market Cap3.22B
Analysts80
Price Target23.97 (20.12%)
Short Float %2.09%
Short Ratio2.36
Dividend
Industry RankSector Rank
Dividend Yield 3.59%
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)2.17%
PT rev (3m)0%
EPS NQ rev (1m)1.48%
EPS NQ rev (3m)1.26%
EPS NY rev (1m)5.42%
EPS NY rev (3m)5.13%
Revenue NQ rev (1m)-7.88%
Revenue NQ rev (3m)-1.99%
Revenue NY rev (1m)-3.47%
Revenue NY rev (3m)-0.63%
Valuation
Industry RankSector Rank
PE 10.85
Fwd PE 9.18
P/S 3.37
P/FCF 8.33
P/OCF 8.18
P/B 1.81
P/tB 1.88
EV/EBITDA N/A
EPS(TTM)1.84
EY9.22%
EPS(NY)2.17
Fwd EY10.9%
FCF(TTM)2.39
FCFY12%
OCF(TTM)2.44
OCFY12.23%
SpS5.92
BVpS11.01
TBVpS10.59
PEG (NY)1.56
PEG (5Y)0.55
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
WACC13.24%
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%