Estados financieros detallados de First Bancorp (FBNC): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
First Bancorp registró ingresos de $543.1M en el último ejercicio fiscal, con un CAGR de 5 años del 11.3%. El beneficio neto alcanzó $111.0M, con un CAGR a 5 años del 6.4%.
Márgenes de los últimos 12 meses: margen bruto 63.6%, margen operativo 11.1%, margen neto 31.1%. El flujo de caja libre creció a un CAGR del 34.0% en 5 años.
Al precio actual de $62.62, FBNC cotiza a un P/E de 19.45 y un ROE del 8.01%. La capitalización bursátil es de $2.6B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ingresos | $166.8M | $226.1M | $289.6M | $308.7M | $318.5M | $324.9M | $407.7M | $541.1M | $530.8M | $543.1M |
| Coste de Ventas | $7.6M | $13.4M | $20.2M | $36.2M | $54.6M | $24.6M | $28.5M | $159.9M | $203.4M | $162.3M |
| Beneficio Bruto | $159.2M | $212.7M | $269.4M | $272.5M | $263.9M | $300.3M | $379.2M | $381.2M | $327.4M | $380.8M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $62.8M | $82.1M | $92.0M | $96.0M | $101.0M | $109.8M | $125.6M | $153.2M | $152.3M | $156.3M |
| Gastos Operativos | $117.1M | $144.9M | $155.9M | $156.3M | $160.8M | $180.0M | $193.9M | $249.2M | $229.3M | $236.6M |
| Beneficio Operativo | $42.1M | $67.7M | $113.5M | $116.3M | $103.1M | $120.3M | $185.2M | $132.0M | $98.1M | $144.2M |
| EBITDA | $47.9M | $77.5M | $126.3M | $130.2M | $116.7M | $134.2M | $200.5M | $151.2M | $116.0M | $154.6M |
| Gastos por Intereses | $7.6M | $12.7M | $23.8M | $33.9M | $19.6M | $9.5M | $16.1M | $142.1M | $187.0M | $159.0M |
| Beneficio Antes de Impuestos | $42.1M | $67.7M | $113.5M | $116.3M | $103.1M | $120.3M | $185.2M | $132.0M | $98.1M | $139.5M |
| Impuestos | $14.6M | $21.8M | $24.2M | $24.2M | $21.7M | $24.7M | $38.3M | $27.8M | $21.9M | $28.5M |
| Beneficio Neto | $27.5M | $46.0M | $89.3M | $92.0M | $81.5M | $95.6M | $146.9M | $104.1M | $76.2M | $111.0M |
| BPA | $1.37 | $1.82 | $3.02 | $3.12 | $2.85 | $2.68 | $4.12 | $2.54 | $1.85 | $2.68 |
| BPA Diluido | $1.33 | $1.82 | $3.01 | $3.10 | $2.81 | $2.68 | $4.12 | $2.51 | $1.84 | $2.68 |
| Acciones en Circulación (Diluidas) | $20.7M | $25.3M | $29.7M | $29.7M | $29.0M | $35.6M | $35.7M | $41.2M | $41.3M | $41.4M |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $306.0M | $489.5M | $462.9M | $231.3M | $367.3M | $461.2M | $270.3M | $237.9M | $507.5M | $146.8M |
| Inversiones a Corto | $199.3M | $343.3M | $501.4M | $821.9M | $1.45B | $2.63B | $2.31B | $2.19B | $1.90B | $2.05B |
| Cuentas por Cobrar | $9.3M | $14.1M | $16.0M | $16.6M | $20.3M | $25.9M | $29.7M | $37.4M | $36.3M | $39.2M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $514.6M | $846.9M | $980.3M | $1.07B | $1.84B | $3.12B | $2.61B | $2.46B | $2.44B | $2.23B |
| Inmovilizado Material | $75.4M | $116.2M | $119.0M | $134.5M | $138.0M | $156.8M | $152.9M | $151.0M | $143.5M | $139.1M |
| Fondo de Comercio | $75.0M | $233.1M | $234.4M | $234.4M | $239.3M | $364.3M | $364.3M | $478.8M | $478.8M | $478.8M |
| Activos Intangibles | $4.4M | $24.4M | $21.1M | $17.2M | $15.4M | $17.8M | $12.7M | $29.5M | $22.9M | $17.2M |
| Activos Totales | $3.61B | $5.55B | $5.86B | $6.14B | $7.29B | $10.51B | $10.63B | $12.11B | $12.15B | $12.67B |
| Cuentas por Pagar | $539000 | $1.2M | $2.0M | $2.2M | $904000 | $607000 | $2.7M | $5.7M | $4.6M | 0 |
| Deuda a Corto | 0 | $343.0M | $343.0M | $238.0M | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $2.95B | $4.75B | $5.00B | $5.17B | $6.27B | $9.13B | $9.23B | $10.04B | $10.54B | $9.42B |
| Deuda a Largo | $271.4M | $350.8M | $349.9M | $244.0M | $5.1M | -$1.7M | $218.4M | $303.8M | $14.6M | $74.6M |
| Pasivos Totales | $3.25B | $4.85B | $5.10B | $5.29B | $6.40B | $9.28B | $9.59B | $10.74B | $10.70B | $11.01B |
| Reservas | $225.9M | $264.3M | $341.7M | $417.8M | $478.5M | $532.9M | $648.4M | $716.4M | $756.3M | $829.7M |
| Patrimonio Neto | $368.1M | $693.0M | $764.2M | $852.4M | $893.4M | $1.23B | $1.03B | $1.37B | $1.45B | $1.65B |
| Deuda Total | $271.4M | $693.8M | $692.9M | $501.8M | $23.0M | $19.5M | $237.8M | $321.7M | $14.6M | $74.6M |
| Deuda Neta | -$233.9M | -$138.9M | -$271.3M | -$551.4M | -$1.80B | -$3.07B | -$2.35B | -$2.11B | -$2.39B | -$2.12B |
| Capital Circulante | -$2.43B | -$3.90B | -$4.02B | -$4.10B | -$4.43B | -$6.01B | -$6.62B | -$7.57B | -$8.09B | -$7.19B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | $27.5M | $46.0M | $89.3M | $92.0M | $81.5M | $95.6M | $146.9M | $104.1M | $76.2M | $111.0M |
| Amortizaciones | $5.8M | $9.7M | $12.8M | $13.9M | $13.6M | $13.9M | $15.3M | $19.2M | $17.9M | $14.9M |
| Compensación en Acciones | $714000 | $1.1M | $1.6M | $2.3M | $2.5M | $2.3M | $3.0M | $5.1M | $4.9M | $3.8M |
| Cambio en Capital Circulante | $2.0M | -$4.7M | -$1.7M | -$4.0M | $5.2M | $16.4M | $1.7M | $12.2M | $193000 | -$30.6M |
| Flujo de Caja Operativo | $41.3M | $26.8M | $46.4M | $51.2M | $58.3M | $142.3M | $230.7M | $131.4M | $174.8M | $203.1M |
| Inversiones (CapEx) | -$8.7M | -$4.7M | -$10.7M | -$3.5M | -$12.4M | -$9.4M | -$5.3M | -$4.4M | -$2.7M | -$4.2M |
| Adquisiciones | -$27.4M | $72.5M | 0 | 0 | -$9.6M | $209.0M | 0 | $22.6M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$10.0M | -$31.9M | -$4.0M | 0 | 0 | 0 | -$991000 |
| Dividendos Pagados | -$6.6M | -$7.6M | -$11.3M | -$13.7M | -$20.9M | -$22.2M | -$30.7M | -$34.9M | -$36.2M | -$37.3M |
| Flujo de Caja Libre | $32.6M | $22.2M | $35.7M | $47.7M | $46.0M | $132.9M | $225.4M | $127.0M | $172.1M | $198.9M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +35.5% | +28.1% | +6.6% | +3.2% | +2.0% | +25.5% | +32.7% | -1.9% | +2.3% | |
| Crecimiento Beneficio Neto (anual) | +67.1% | +94.2% | +3.1% | -11.5% | +17.4% | +53.6% | -29.1% | -26.8% | +45.7% | |
| Crecimiento BPA (anual) | +32.8% | +65.9% | +3.3% | -8.7% | -6.0% | +53.7% | -38.3% | -27.2% | +44.9% | |
| Cambio en Acciones (anual) | +22.0% | +17.5% | +0.0% | -2.5% | +22.9% | +0.1% | +15.4% | +0.4% | +0.1% | |
| Crecimiento FCF (anual) | -31.9% | +60.9% | +33.7% | -3.6% | +189.2% | +69.5% | -43.7% | +35.6% | +15.5% | |
| Margen Bruto | 95.5% | 94.1% | 93.0% | 88.3% | 82.9% | 92.4% | 93.0% | 70.4% | 61.7% | 70.1% |
| Margen Operativo | 25.3% | 30.0% | 39.2% | 37.7% | 32.4% | 37.0% | 45.4% | 24.4% | 18.5% | 26.6% |
| Margen EBITDA | 28.7% | 34.3% | 43.6% | 42.2% | 36.7% | 41.3% | 49.2% | 27.9% | 21.9% | 28.5% |
| Margen Neto | 16.5% | 20.3% | 30.8% | 29.8% | 25.6% | 29.4% | 36.0% | 19.2% | 14.4% | 20.4% |
| Margen FCF | 19.5% | 9.8% | 12.3% | 15.5% | 14.4% | 40.9% | 55.3% | 23.5% | 32.4% | 36.6% |
| Tasa Impositiva Efectiva | 34.7% | 32.1% | 21.3% | 20.8% | 21.0% | 20.5% | 20.7% | 21.1% | 22.3% | 20.4% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Acción | $1.57 | $0.88 | $1.20 | $1.61 | $1.59 | $3.73 | $6.32 | $3.08 | $4.16 | $4.81 |
| Dividendo por Acción | $0.32 | $0.30 | $0.38 | $0.46 | $0.72 | $0.62 | $0.86 | $0.85 | $0.88 | $0.90 |
| Acciones en Circulación (Básicas) | $20.0M | $25.2M | $29.6M | $29.5M | $28.8M | $35.6M | $35.5M | $40.7M | $41.0M | $41.4M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 8.01% |
| Rentabilidad sobre capital invertido | -0.46% |
| Rentabilidad sobre activos | 1.02% |
| Margen bruto | 63.58% |
| Margen operativo | 11.13% |
| Margen neto | 31.13% |
Salud financiera
| Deuda / Patrimonio | 0.04 |
| Ratio corriente | 0.19 |
| Piotroski F-Score | 5 |
| Altman Z-Score | -0.39 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 19.81 | 19.40 | 10.81 | 12.79 | 11.87 | 17.06 | 10.40 | 14.64 | 23.77 | 18.95 |
| P/VC | 1.47 | 1.28 | 1.26 | 1.38 | 1.09 | 1.32 | 1.47 | 1.10 | 1.25 | 1.27 |
| P/V | 3.25 | 3.94 | 3.33 | 3.82 | 3.06 | 5.01 | 3.73 | 2.80 | 3.40 | 3.87 |
| Margen Bruto | 95.5% | 94.1% | 93.0% | 88.3% | 82.9% | 92.4% | 93.0% | 70.4% | 61.7% | 70.1% |
| Margen Operativo | 25.3% | 30.0% | 39.2% | 37.7% | 32.4% | 37.0% | 45.4% | 24.4% | 18.5% | 26.6% |
| Margen Neto | 16.5% | 20.3% | 30.8% | 29.8% | 25.6% | 29.4% | 36.0% | 19.2% | 14.4% | 20.4% |
Empresas relacionadas: BANR · BUSE · CUBI · EFSC · FRME · HTH · NBTB
Explorar sector: Financial Services · Banks - Regional
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