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 6,831 funds
–
Analysts bullish %
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
169% more first-time investments, than exits
New positions opened: 43 | 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] → 264 (+26) [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
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
4%
downside
Avg. target
$23
10%
upside
High target
$26
25%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Kelly Motta 58% 1-year accuracy 11 / 19 met price target | 25%upside $26 | Outperform Maintained | 24 Jan 2025 |
Wells Fargo Timur Braziler 55% 1-year accuracy 17 / 31 met price target | 4%downside $20 | Equal-Weight Maintained | 6 Jan 2025 |
Financial journalist opinion
Based on 8 articles about FBP published over the past 30 days
Neutral
Business Wire
1 week ago
First BanCorp Announces Strategic Reorganization
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today a strategic reorganization aligned with its corporate succession plan aimed at improving operational efficiency, enhancing customer experience, and driving business transformation to align resources for future growth and success. “We are pleased to announce this reorganization, which reflect our commitment to fostering the continued developm.
Neutral
Seeking Alpha
2 weeks ago
First BanCorp. (FBP) Q4 2024 Earnings Call Transcript
First BanCorp. (NYSE:FBP ) Q4 2024 Earnings Conference Call January 23, 2025 10:00 AM ET Company Participants Ramon Rodriguez - Investor Relations Officer Aurelio Aleman - President and CEO Orlando Berges - Executive Vice President and CFO Conference Call Participants Frank Schiraldi - Piper Sandler Timur Braziler - Wells Fargo Kelly Motta - KBW Steve Moss - Raymond James Operator Hello, everyone. And thank you for joining the First BanCorp. Fourth Quarter 2024 and Full Year Financial Results.
Positive
Zacks Investment Research
2 weeks ago
Here's What Key Metrics Tell Us About First Bancorp (FBP) Q4 Earnings
Although the revenue and EPS for First Bancorp (FBP) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
2 weeks ago
First Bancorp (FBP) Beats Q4 Earnings and Revenue Estimates
First Bancorp (FBP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.49 per share a year ago.
Neutral
Business Wire
2 weeks ago
First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 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 $75.7 million, or $0.46 per diluted share, for the fourth quarter of 2024, compared to $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, and $79.5 million, or $0.46 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, th.
Neutral
Business Wire
2 weeks ago
First BanCorp Announces a 13% Increase in Quarterly Cash Dividend on Common Stock to $0.18 Per Share
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 $0.18 per share, which represents an increase of 13% or $0.02 per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025. “We are pleased to a.
Positive
Zacks Investment Research
3 weeks 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
4 weeks 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 month 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
3 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.
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