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FIRST BANCORP PUERTO RICO (FBP) Stock Fundamental Analysis

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

20.31  +0.49 (+2.47%)

After market: 20.31 0 (0%)

Fundamental Rating

5

FBP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 398 industry peers in the Banks industry. Both the profitability and the financial health of FBP get a neutral evaluation. Nothing too spectacular is happening here. FBP has a decent growth rate and is not valued too expensively.


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.
Each year in the past 5 years FBP has 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

The Return On Assets of FBP (1.55%) is better than 91.96% of its industry peers.
With an excellent Return On Equity value of 17.90%, FBP belongs to the best of the industry, outperforming 96.23% of the companies in the same industry.
Industry RankSector Rank
ROA 1.55%
ROE 17.9%
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

Looking at the Profit Margin, with a value of 31.84%, FBP belongs to the top of the industry, outperforming 86.68% of the companies in the same industry.
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) 31.84%
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.
The number of shares outstanding for FBP has been reduced compared to 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

FBP has a debt to FCF ratio of 1.43. This is a very positive value and a sign of high solvency as it would only need 1.43 years to pay back of all of its debts.
FBP has a Debt to FCF ratio of 1.43. This is in the better half of the industry: FBP outperforms 63.32% of its industry peers.
FBP has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
FBP has a Debt to Equity ratio of 0.34. This is in the lower half of the industry: FBP underperforms 71.61% of its industry peers.
Even though the debt/equity ratio score it not favorable for FBP, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.43
Altman-Z N/A
ROIC/WACCN/A
WACC12.98%
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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5

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%.
The Earnings Per Share has been growing by 19.59% on average over the past years. This is quite good.
Looking at the last year, FBP shows a small growth in Revenue. The Revenue has grown by 3.12% in the last year.
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%26.26%

3.2 Future

Based on estimates for the next years, FBP will show a small growth in Earnings Per Share. The EPS will grow by 7.56% on average per year.
FBP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.51% yearly.
EPS Next Y1.46%
EPS Next 2Y7.6%
EPS Next 3Y7.56%
EPS Next 5YN/A
Revenue Next Year14.05%
Revenue Next 2Y10.28%
Revenue Next 3Y10.51%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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 accelerating.
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

The Price/Earnings ratio is 11.04, which indicates a very decent valuation of FBP.
Compared to the rest of the industry, the Price/Earnings ratio of FBP indicates a somewhat cheap valuation: FBP is cheaper than 63.32% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of FBP to the average of the S&P500 Index (28.22), we can say FBP is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.69, the valuation of FBP can be described as reasonable.
FBP's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of FBP to the average of the S&P500 Index (20.86), we can say FBP is valued rather cheaply.
Industry RankSector Rank
PE 11.04
Fwd PE 9.69
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 76.38% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.4
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FBP does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)7.58
PEG (5Y)0.56
EPS Next 2Y7.6%
EPS Next 3Y7.56%

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6

5. Dividend

5.1 Amount

FBP has a Yearly Dividend Yield of 3.63%. Purely for dividend investing, there may be better candidates out there.
FBP's Dividend Yield is a higher than the industry average which is at 3.52.
FBP's Dividend Yield is a higher than the S&P500 average which is at 2.44.
Industry RankSector Rank
Dividend Yield 3.63%

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

FBP pays out 35.34% of its income as dividend. This is a sustainable payout ratio.
FBP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP35.34%
EPS Next 2Y7.6%
EPS Next 3Y7.56%
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 (5/2/2025, 8:04:00 PM)

After market: 20.31 0 (0%)

20.31

+0.49 (+2.47%)

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-0.11%
Ins Owners1.99%
Ins Owner Change-4%
Market Cap3.31B
Analysts80
Price Target23.46 (15.51%)
Short Float %1.84%
Short Ratio2.05
Dividend
Industry RankSector Rank
Dividend Yield 3.63%
Yearly Dividend0.63
Dividend Growth(5Y)33.03%
DP35.34%
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)9.46%
Min EPS beat(2)7.84%
Max EPS beat(2)11.08%
EPS beat(4)4
Avg EPS beat(4)11.67%
Min EPS beat(4)7.84%
Max EPS beat(4)16.23%
EPS beat(8)8
Avg EPS beat(8)14.5%
EPS beat(12)11
Avg EPS beat(12)11.93%
EPS beat(16)15
Avg EPS beat(16)14.81%
Revenue beat(2)1
Avg Revenue beat(2)6.72%
Min Revenue beat(2)-3.34%
Max Revenue beat(2)16.77%
Revenue beat(4)1
Avg Revenue beat(4)1.42%
Min Revenue beat(4)-5.45%
Max Revenue beat(4)16.77%
Revenue beat(8)2
Avg Revenue beat(8)1.24%
Revenue beat(12)6
Avg Revenue beat(12)5.31%
Revenue beat(16)10
Avg Revenue beat(16)8.16%
PT rev (1m)-2.13%
PT rev (3m)-2.13%
EPS NQ rev (1m)-0.3%
EPS NQ rev (3m)2.58%
EPS NY rev (1m)-0.27%
EPS NY rev (3m)2.29%
Revenue NQ rev (1m)2.18%
Revenue NQ rev (3m)7.79%
Revenue NY rev (1m)2.94%
Revenue NY rev (3m)4.99%
Valuation
Industry RankSector Rank
PE 11.04
Fwd PE 9.69
P/S 3.53
P/FCF 8.4
P/OCF 8.2
P/B 1.98
P/tB 2.07
EV/EBITDA N/A
EPS(TTM)1.84
EY9.06%
EPS(NY)2.1
Fwd EY10.32%
FCF(TTM)2.42
FCFY11.9%
OCF(TTM)2.48
OCFY12.2%
SpS5.75
BVpS10.23
TBVpS9.8
PEG (NY)7.58
PEG (5Y)0.56
Profitability
Industry RankSector Rank
ROA 1.55%
ROE 17.9%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 31.84%
GM N/A
FCFM 42.01%
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-Score5
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.43
Debt/EBITDA N/A
Cap/Depr 40.04%
Cap/Sales 1.07%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 131.94%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC12.98%
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 Y1.46%
EPS Next 2Y7.6%
EPS Next 3Y7.56%
EPS Next 5YN/A
Revenue 1Y (TTM)3.12%
Revenue growth 3Y3.3%
Revenue growth 5Y7.36%
Sales Q2Q%26.26%
Revenue Next Year14.05%
Revenue Next 2Y10.28%
Revenue Next 3Y10.51%
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 1Y15.8%
FCF growth 3Y0.66%
FCF growth 5Y7.72%
OCF growth 1Y11.35%
OCF growth 3Y0.37%
OCF growth 5Y6.55%