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First BanCorp

First BanCorp

FBP
$27.44USD↓-1.44%-0.40 today

MARKET CAP

4.2B

P/E (TTM)

12.2x

FWD P/E

11.7x

DAY RANGE

$27 – $28

52W RANGE

$19
$28

AI Summary

Stalk
StalkMedium

FBP remains in a robust Stage 2 advancing uptrend, but recent price action is extremely overbought and showing early exhaustion near resistance. Short-term EMAs and momentum indicators are stretched, reducing execution favorability now. Medium-term structure (HH/HL and rising EMAs) stays bullish, though moderate Stage 2→3 transition risk calls for patience. Recommend waiting for a pullback into the rising 9/21 EMA zone before initiating long exposure.

  • ↑Q1 net income $89M (+21% YoY) and record pre-tax income of $131M
  • ↑ROA at 1.9% for 17th straight quarter above 1.5%
  • ↓Class-action suit over Epstein ties creates legal and reputational risk
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

First BanCorp (NASDAQ: FBP) is a prominent financial institution based in Puerto Rico, providing a wide range of banking services primarily in Puerto Rico and Florida. The company focuses on commercial lending, consumer loans, and investment services while capitalizing on its strengths in leveraging technology and fostering strong customer relationships. With a commitment to financial stability and shareholder value creation, FBP navigates challenges in the regional banking landscape while monitoring economic shifts.

Bull says

  • ↑Q1 net income $89M (+21% YoY) and record pre-tax income of $131M
  • ↑ROA at 1.9% for 17th straight quarter above 1.5%
  • ↑92% net payout ratio: $50M buybacks and $31.5M dividends
  • ↑AI integration to boost operational efficiency and customer service
  • ↑Declining non-performing assets and early-stage delinquencies indicate stable credit quality
  • ↑High earnings yield, positive book-to-price, low leverage risk and solid dividend yield suggest attractive valuation

Bear says

  • ↓Class-action suit over Epstein ties creates legal and reputational risk
  • ↓Total loans fell to $13.1B, reflecting softer consumer credit demand
  • ↓Geopolitical and economic volatility could pressure loan origination and portfolio
  • ↓Low institutional ownership and small-size exposure may dampen investor confidence
  • ↓Deposit concentration concerns amid declining consumer deposits risk funding stability
  • ↓Weak profitability and muted growth factor scores signal potential performance headwinds

Investment themes with FBP

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM
Regional Banks↑ +0.50%

FLG · TCBI · ZION

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-24-2026neutral

Transcript signals

Bull points

  • this quarter we earned $88.8 million, that's $0.57 per share, which compares to $87.1 million or $0.55 a share last quarter.
  • pre-tax, pre-provision income reached an all-time high of $131 million, which is almost 2% higher than last quarter and 5% higher than the first quarter of last year.
  • The return on average assets for the quarter was 189, which compares to 181 last quarter, showing an improvement.

Bear points

  • interest income on loans is 6.5 million lower than last quarter, which 3.8 million, it's due to the two last days in the quarter.
  • 2.8 million relates to the market interest rate reductions that affected the commercial portfolio pricing, specifically the floating rate components.
  • Net charge-offs for the quarter were 21.1 million or 65 basis points of average loans, slightly higher than the 63 basis points we had in the prior quarter.
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