First BanCorp. (FBP) is a publicly traded company in the Financial Services — Banks - Regional industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
First BanCorp., operating as the holding company for FirstBank Puerto Rico, delivers a broad spectrum of financial services to retail, commercial, and institutional clients. The company's operations are structured into six key segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.
Is First BanCorp. stock overvalued or undervalued in 2026?
First BanCorp. (FBP) trades at 11.0× earnings (P/E), against a median of 12.9× across the 321 financial services companies above $2bn in Kaplio's universe. At Kaplio's cap P/B for its ROTCE 17.9 % (2.0×) $25 (-5 %); at its peers' median (1.4×) $17 (-34 %).
Kaplio overview: First BanCorp.
Market cap $4B · 52 weeks $19 – $30 (11 % below the high) · P/E 11.0× · 2027 est. P/E 10.3× · Dividend 3.0 % · ≥ 9 years rising · Next earnings January 26, 2027 · expected EPS $0.61 · Closing price, Oct 30 · accounts published Oct 22.
- Valuation: P/B 2.1× (fairly priced).
- Business: ROTCE 17.9 % (excellent).
- Balance sheet: Capital/assets 10.3 % (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At Kaplio's cap P/B for its ROTCE 17.9 % (2.0×) $25 (-5 %); at its peers' median (1.4×) $17 (-34 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in banking: 4 of 5 pass
- P/B (Price / Book) 2.1×, borderline.
- ROA 1.9 %, passes.
- ROTCE 17.9 %, passes.
- Equity / Assets (Tier 1 proxy) 10.3 %, passes.
- Sustainable dividend yield 3.0 %, passes.
Against its peers (reference peers) — First BanCorp.: P/E 11.1×; P/B 2.1×; ROE 18.9 %; $4.0B. WSFS Financial Corporation (P/E 12.3×; P/B 1.5×; ROE 12.4 %; $4.0B), Cathay General Bancorp (P/E 11.9×; P/B 1.4×; ROE 12.1 %; $4.3B), WesBanco, Inc. (P/E 10.8×; P/B 0.9×; ROE 8.9 %; $3.7B).
Expensive or cheap against its last ten fiscal years?
P/B at each close: today 2.1× · median 1.3× · minimum 0.4× · maximum 2.6× · cheap below 1.0× · expensive above 2.1×. It has been cheaper than today 81% of the time over its last ten fiscal years.
Dividend
solid · Yield 3.0 % ($0.72 per share in 2025) · Years raising it ≥ 9 · 5-year growth +28 % a year · Free cash flow coverage payout 34 % · With $1,000 invested today you'd collect $29.80 a year ($2.48 a month).
Profitability
| Return on Equity | 18.91% |
| Return on Invested Capital | 1.91% |
| Return on Assets | 1.91% |
| Gross Margin | 75.50% |
| Operating Margin | 35.50% |
| Net Margin | 28.60% |
Financial Health
| Debt / Equity | 0.12 |
| Current Ratio | 22.55 |
| Piotroski F-Score | 9 |
| Altman Z-Score | 0.46 |
Price Performance
| 1 month | -3.18% |
| 3 months | -10.37% |
| Year-to-date | +26.29% |
| 1 year | +34.33% |
| 3 years | +81.55% |
| 5 years | +85.02% |
| 10 years | +433.20% |
Dividend History
Paid in the last 12 months: $0.78 per share in 4 payments.
| Date | Amount |
|---|---|
| August 27, 2026 | $0.20 |
| May 28, 2026 | $0.20 |
| February 26, 2026 | $0.20 |
| November 28, 2025 | $0.18 |
| August 28, 2025 | $0.18 |
| May 29, 2025 | $0.18 |
| February 21, 2025 | $0.18 |
| November 29, 2024 | $0.16 |
| August 29, 2024 | $0.16 |
| May 30, 2024 | $0.16 |
Amounts adjusted for stock splits.
Related companies: FULT · WSFS · CATY · WSBC · FIBK · FHB · ASB
Explore sector: Financial Services · Banks - Regional
More sections of FBP: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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