Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at First BanCorp (FBP - Free Report) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. First BanCorp currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market? In order to see if FBP is a promising momentum pick, let's examine some Momentum Style elements to see if this holding company for FirstBank Puerto Rico holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For FBP, shares are up 2.85% over the past week while the Zacks Banks - Foreign industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 8.7% compares favorably with the industry's 3.18% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of First BanCorp have increased 18.82% over the past quarter, and have gained 37.58% in the last year. In comparison, the S&P 500 has only moved 4.48% and 17.65%, respectively.
Investors should also take note of FBP's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now FBP is averaging 1,513,627 shares for the last 20 days..
Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with FBP.
Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FBP's consensus estimate, increasing from $2.25 to $2.36 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineGiven these factors, it shouldn't be surprising that FBP is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep First BanCorp on your short list.
First BanCorp. (NYSE:FBP) reported higher second-quarter 2026 earnings and record pre-tax pre-provision income, with management citing stronger loan growth, expanding net interest income and stable credit trends across the franchise.
The Puerto Rico-based banking company earned $96.1 million, or $0.62 per diluted share, for the quarter, compared with $88 million, or $0.57 per share, in the prior quarter. President and Chief Executive Officer Aurelio Alemán said net income was up 24% from the same quarter last year.
Pre-tax pre-provision income reached an all-time high of $138 million, up 5% from the previous quarter and 11% from a year earlier. Return on average assets was 2.02%, compared with 1.89% in the first quarter. Alemán said it marked the company’s 18th consecutive quarter with ROA above 1.5%.
CFO Said Ortiz said quarterly results included approximately $3.4 million of additional interest income tied to two refinancings, one commercial loan and one municipal bond, which led to accelerated recognition of deferred fees or discounts. Excluding that impact, net income would have been about $93 million, or approximately $0.60 per diluted share.
Loan Growth Accelerates as Commercial Activity Strengthens Total loans reached $13.3 billion, up 5% on a linked-quarter annualized basis. Alemán said growth was driven primarily by commercial activity in Puerto Rico, while consumer portfolios showed better stability than expected.
Total loan originations were $1.7 billion during the quarter, a 21% increase from the prior year. Management said the pipeline supports continued activity through the remainder of 2026 and reaffirmed its full-year loan growth target of 3% to 5%.
During the question-and-answer session, Alemán said commercial originations reflected a mix of activity, including acquisitions, commercial real estate, construction, C&I, warehousing, hotels, healthcare and government-related refinancing. He also noted solid activity in Florida, including from the company’s Boca Raton office opened late last year.
Asked about business momentum in Puerto Rico, Alemán highlighted hospitality as a particularly strong sector, citing positive trends in average daily rates, occupancy and visitors, as well as ongoing hotel projects. He said investor confidence in the island remained strong despite broader political and macroeconomic uncertainty.
Net Interest Income Rises, Margin Guidance Moves Higher Net interest income increased 3.7% from the prior quarter to $229.1 million, compared with $221 million in the first quarter. Ortiz said the increase included the $3.4 million benefit from fee and discount acceleration. Excluding that impact, interest income on loans rose $1.7 million, while interest income on investments and cash increased $4.5 million.
The company continued to reinvest cash flows from maturing securities into higher-yielding instruments. Ortiz said the yield on the investment portfolio increased by 18 basis points, excluding the refinancing-related benefit.
Funding costs were managed lower overall, with total deposit costs declining by two basis points from the previous quarter. The cost of time deposits, excluding brokered deposits and public funds, decreased by eight basis points to 3.26%, while the cost of interest-bearing checking and savings accounts rose by five basis points to 1.26%, driven by higher rates on certain government accounts.
Ortiz said the company’s net interest margin, excluding the accelerated fee and discount recognition, would have been approximately 4.80%, up five basis points from the prior quarter. Management now expects margin expansion of three to five basis points per quarter for the rest of 2026, assuming no rate cuts in the second half of the year.
In response to an analyst question, Ortiz said approximately $400 million of securities are expected to reprice in the second half of 2026 at a current yield of about 1.92%, with about $1.2 billion of repricing expected over the next 18 months.
Deposits Increase, Expenses Stay Near Guidance Total deposits increased by $274 million during the quarter. Alemán said the increase was primarily driven by government deposits, with a slight rise in core customer deposits. He noted that government deposits can be volatile due to reconstruction-related funds moving in and out of accounts, but said liquidity remains solid.
Noninterest income was $35.7 million, down from $37.7 million in the prior quarter, mainly due to seasonal commissions typically received in the first quarter. Operating expenses were relatively flat at $127.3 million. Excluding gains from OREO operations, expenses were $128.2 million, which Ortiz said was at the lower end of guidance.
The efficiency ratio improved to 48.1% from 49.1% in the previous quarter. Management expects quarterly expenses for the remainder of 2026, excluding OREO gains or losses, to range from $128 million to $130 million, reflecting merit increases, business promotions and technology-related project expenses.
Alemán said the company continues to invest in technology, cloud transformation, artificial intelligence and branch expansion. He said AI efforts are focused on automating routine processes, improving customer service and shortening process life cycles.
Credit Trends Remain Stable Despite Higher Early Delinquencies Credit performance remained broadly sound, though early-stage delinquency rose during the quarter. Ortiz said early-stage delinquency increased by approximately $32.9 million from the prior quarter, mainly due to a $20.7 million increase in the auto finance leases portfolio. However, he said early delinquency in the consumer portfolio was still about $10.3 million lower than in December 2025.
Non-performing assets increased by $5.1 million from the previous quarter, primarily due to the inflow of a $14.8 million C&I loan in Florida. Ortiz said the loan is well collateralized. Excluding that relationship, non-performing assets declined by $9.7 million, with reductions in residential mortgages, consumer loans and repossessed autos.
The allowance for credit losses was $245 million, or 1.85% of total loans, relatively flat from the previous quarter. Ortiz said increases tied to loan growth and higher auto finance lease delinquencies were offset by improved macroeconomic projections and better delinquency in unsecured consumer loans.
Alemán said the increase in auto delinquencies appeared seasonal, following a first-quarter improvement attributed to consumer liquidity from tax refunds and other factors. He said delinquency levels were better than in December and in line with prior years.
Capital Remains Strong as Buybacks and Dividends Continue First BanCorp ended the quarter with a Common Equity Tier 1 ratio of 17%. The company completed $50 million of share repurchases and paid a $0.20 per-share dividend during the quarter, according to Alemán.
Ortiz said tangible book value per share rose to $12.68, while the tangible common equity ratio declined three basis points to 10.08% due mainly to growth in tangible assets. He said regulatory capital ratios remained well above required levels, with earnings offsetting capital deployment and risk-weighted asset growth.
Asked about potential M&A, Alemán said the company remains open to opportunities that would be a strategic fit and align with its operating model, but emphasized that organic growth remains the primary focus. He said management continues to evaluate capital deployment options and will provide more detail when it updates its capital plan later in the year.
About First BanCorp. (NYSE:FBP) First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.
In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.
First BanCorp. (FBP) Q2 2026 Earnings Call July 22, 2026 10:00 AM EDT
Company Participants
Ramon Rodriguez - Senior Vice President of Corporate Strategy / Investor Relations
Aurelio Alemán-Bermúdez - President, CEO & Director
Said Ortiz - Executive VP & CFO
Conference Call Participants
Arren Cyganovich - Truist Securities, Inc., Research Division
Kelly Motta - Keefe, Bruyette, & Woods, Inc., Research Division
Stephen Moss - Raymond James & Associates, Inc., Research Division
Manuel Navas - Piper Sandler & Co., Research Division
Presentation
Operator
Good morning, and welcome to the First BanCorp. Second Quarter 2026 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to turn the call over to Ramon Rodriguez, First BanCorp.'s Corporate Strategy and Investor Relations Officer. Thank you. Please go ahead.
Ramon Rodriguez
Senior Vice President of Corporate Strategy / Investor Relations
Thank you, [ Julianne ]. Good morning, everyone, and thank you for joining First BanCorp.'s conference call and webcast to discuss the company's financial results for the second quarter of 2026. I'm here with Aurelio Aleman, President and Chief Executive Officer; and Said Ortiz, CFO, Chief Financial Officer. Before we begin today's call, it is my responsibility to inform you that this call may involve certain forward-looking statements such as projections of revenue, earnings and capital structure as well as statements on the plans and objectives of the company's business. The company's actual results could differ materially from the forward-looking statements made due to the important factors described in the company's SEC filings. The company assumes no obligation to update any forward-looking statements made during the call. If anyone does not already have a copy of the webcast presentation or press release, you can access them at our website at fbbinvestor.com. At this time, I'd like to turn the call over to our CEO, Aurelio Aleman.
First BanCorp (FBP - Free Report) reported $264.86 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 7.3%. EPS of $0.62 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $263.6 million, representing a surprise of +0.48%. The company delivered an EPS surprise of +14.82%, with the consensus EPS estimate being $0.54.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how First BanCorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 48.1% versus 48.4% estimated by two analysts on average.Net charge-offs (annualized) to average loans: 0.5% versus the two-analyst average estimate of 0.7%.Net Interest Margin: 4.9% compared to the 5% average estimate based on two analysts.Total Interest-Earning Assets - Average Balance: $18.87 billion compared to the $18.96 billion average estimate based on two analysts.Card and processing income: $12.51 million compared to the $11.94 million average estimate based on two analysts.Net interest income on a tax-equivalent basis and excluding valuations: $243.81 million versus $237.71 million estimated by two analysts on average.Service charges and fees on deposit accounts: $9.89 million compared to the $9.82 million average estimate based on two analysts.Total non-interest income: $35.73 million compared to the $32.35 million average estimate based on two analysts.Mortgage banking activities: $3.73 million compared to the $3.87 million average estimate based on two analysts.View all Key Company Metrics for First BanCorp here>>>
Shares of First BanCorp have returned +5.4% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
First BanCorp. NYSE: FBP reported higher second-quarter 2026 earnings and record pre-tax pre-provision income, with management citing stronger loan growth, expanding net interest income and stable credit trends across the franchise.
The Puerto Rico-based banking company earned $96.1 million, or $0.62 per diluted share, for the quarter, compared with $88 million, or $0.57 per share, in the prior quarter. President and Chief Executive Officer Aurelio Alemán said net income was up 24% from the same quarter last year.
Pre-tax pre-provision income reached an all-time high of $138 million, up 5% from the previous quarter and 11% from a year earlier. Return on average assets was 2.02%, compared with 1.89% in the first quarter. Alemán said it marked the company’s 18th consecutive quarter with ROA above 1.5%.
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CFO Said Ortiz said quarterly results included approximately $3.4 million of additional interest income tied to two refinancings, one commercial loan and one municipal bond, which led to accelerated recognition of deferred fees or discounts. Excluding that impact, net income would have been about $93 million, or approximately $0.60 per diluted share.
Loan Growth Accelerates as Commercial Activity Strengthens Total loans reached $13.3 billion, up 5% on a linked-quarter annualized basis. Alemán said growth was driven primarily by commercial activity in Puerto Rico, while consumer portfolios showed better stability than expected.
Total loan originations were $1.7 billion during the quarter, a 21% increase from the prior year. Management said the pipeline supports continued activity through the remainder of 2026 and reaffirmed its full-year loan growth target of 3% to 5%.
During the question-and-answer session, Alemán said commercial originations reflected a mix of activity, including acquisitions, commercial real estate, construction, C&I, warehousing, hotels, healthcare and government-related refinancing. He also noted solid activity in Florida, including from the company’s Boca Raton office opened late last year.
Asked about business momentum in Puerto Rico, Alemán highlighted hospitality as a particularly strong sector, citing positive trends in average daily rates, occupancy and visitors, as well as ongoing hotel projects. He said investor confidence in the island remained strong despite broader political and macroeconomic uncertainty.
Net Interest Income Rises, Margin Guidance Moves Higher Net interest income increased 3.7% from the prior quarter to $229.1 million, compared with $221 million in the first quarter. Ortiz said the increase included the $3.4 million benefit from fee and discount acceleration. Excluding that impact, interest income on loans rose $1.7 million, while interest income on investments and cash increased $4.5 million.
The company continued to reinvest cash flows from maturing securities into higher-yielding instruments. Ortiz said the yield on the investment portfolio increased by 18 basis points, excluding the refinancing-related benefit.
Funding costs were managed lower overall, with total deposit costs declining by two basis points from the previous quarter. The cost of time deposits, excluding brokered deposits and public funds, decreased by eight basis points to 3.26%, while the cost of interest-bearing checking and savings accounts rose by five basis points to 1.26%, driven by higher rates on certain government accounts.
Ortiz said the company’s net interest margin, excluding the accelerated fee and discount recognition, would have been approximately 4.80%, up five basis points from the prior quarter. Management now expects margin expansion of three to five basis points per quarter for the rest of 2026, assuming no rate cuts in the second half of the year.
In response to an analyst question, Ortiz said approximately $400 million of securities are expected to reprice in the second half of 2026 at a current yield of about 1.92%, with about $1.2 billion of repricing expected over the next 18 months.
Deposits Increase, Expenses Stay Near Guidance Total deposits increased by $274 million during the quarter. Alemán said the increase was primarily driven by government deposits, with a slight rise in core customer deposits. He noted that government deposits can be volatile due to reconstruction-related funds moving in and out of accounts, but said liquidity remains solid.
Noninterest income was $35.7 million, down from $37.7 million in the prior quarter, mainly due to seasonal commissions typically received in the first quarter. Operating expenses were relatively flat at $127.3 million. Excluding gains from OREO operations, expenses were $128.2 million, which Ortiz said was at the lower end of guidance.
The efficiency ratio improved to 48.1% from 49.1% in the previous quarter. Management expects quarterly expenses for the remainder of 2026, excluding OREO gains or losses, to range from $128 million to $130 million, reflecting merit increases, business promotions and technology-related project expenses.
Alemán said the company continues to invest in technology, cloud transformation, artificial intelligence and branch expansion. He said AI efforts are focused on automating routine processes, improving customer service and shortening process life cycles.
Credit Trends Remain Stable Despite Higher Early Delinquencies Credit performance remained broadly sound, though early-stage delinquency rose during the quarter. Ortiz said early-stage delinquency increased by approximately $32.9 million from the prior quarter, mainly due to a $20.7 million increase in the auto finance leases portfolio. However, he said early delinquency in the consumer portfolio was still about $10.3 million lower than in December 2025.
Non-performing assets increased by $5.1 million from the previous quarter, primarily due to the inflow of a $14.8 million C&I loan in Florida. Ortiz said the loan is well collateralized. Excluding that relationship, non-performing assets declined by $9.7 million, with reductions in residential mortgages, consumer loans and repossessed autos.
The allowance for credit losses was $245 million, or 1.85% of total loans, relatively flat from the previous quarter. Ortiz said increases tied to loan growth and higher auto finance lease delinquencies were offset by improved macroeconomic projections and better delinquency in unsecured consumer loans.
Alemán said the increase in auto delinquencies appeared seasonal, following a first-quarter improvement attributed to consumer liquidity from tax refunds and other factors. He said delinquency levels were better than in December and in line with prior years.
Capital Remains Strong as Buybacks and Dividends Continue First BanCorp ended the quarter with a Common Equity Tier 1 ratio of 17%. The company completed $50 million of share repurchases and paid a $0.20 per-share dividend during the quarter, according to Alemán.
Ortiz said tangible book value per share rose to $12.68, while the tangible common equity ratio declined three basis points to 10.08% due mainly to growth in tangible assets. He said regulatory capital ratios remained well above required levels, with earnings offsetting capital deployment and risk-weighted asset growth.
Asked about potential M&A, Alemán said the company remains open to opportunities that would be a strategic fit and align with its operating model, but emphasized that organic growth remains the primary focus. He said management continues to evaluate capital deployment options and will provide more detail when it updates its capital plan later in the year.
About First BanCorp. (NYSE:FBP)First BanCorp NYSE: FBP is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.
In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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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 $96.1 million, or $0.62 per diluted share, for the second quarter of 2026, compared to $88.8 million, or $0.57 per diluted share, for the first quarter of 2026, and $80.2 million, or $0.50 per diluted share, for the second quarter of 2025. Aurelio Alemán, President and Chief Ex.
First BanCorp. (the âCorporationâ or âFirst BanCorp.â) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (âFirstBankâ or âthe Bankâ
First BanCorp (FBP - Free Report) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.5 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +14.82%. A quarter ago, it was expected that this holding company for FirstBank Puerto Rico would post earnings of $0.52 per share when it actually produced earnings of $0.57, delivering a surprise of +9.62%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
First BanCorp, which belongs to the Zacks Banks - Foreign industry, posted revenues of $264.86 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.48%. This compares to year-ago revenues of $246.81 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First BanCorp shares have added about 33.3% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for First BanCorp?While First BanCorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First BanCorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.57 on $269.2 million in revenues for the coming quarter and $2.26 on $1.06 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Foreign is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Banco Comercial Portugues S.A. Unsponsored ADR (BPCGY - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of -24%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Banco Comercial Portugues S.A. Unsponsored ADR's revenues are expected to be $1.08 billion, up 116% from the year-ago quarter.
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 $0.20 per share on its outstanding common stock. The dividend is payable on September 11, 2026 to shareholders of record at the close of business on August 27, 2026.About First BanCorp.First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered comm.
Wall Street analysts expect First BanCorp (FBP - Free Report) to post quarterly earnings of $0.54 per share in its upcoming report, which indicates a year-over-year increase of 8%. Revenues are expected to be $263.6 million, up 6.8% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain First BanCorp metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Efficiency ratio' to reach 48.3%. Compared to the current estimate, the company reported 50.0% in the same quarter of the previous year.
Analysts' assessment points toward 'Net Interest Margin' reaching 5.0%. The estimate is in contrast to the year-ago figure of 4.7%.
According to the collective judgment of analysts, 'Total Interest-Earning Assets - Average Balance' should come in at $18.96 billion. The estimate compares to the year-ago value of $18.99 billion.
The consensus estimate for 'Card and processing income' stands at $11.94 million. The estimate is in contrast to the year-ago figure of $11.88 million.
Analysts predict that the 'Net interest income on a tax-equivalent basis and excluding valuations' will reach $237.71 million. Compared to the present estimate, the company reported $223.01 million in the same quarter last year.
The consensus among analysts is that 'Service charges and fees on deposit accounts' will reach $9.82 million. Compared to the current estimate, the company reported $9.76 million in the same quarter of the previous year.
Analysts expect 'Total non-interest income' to come in at $32.35 million. Compared to the current estimate, the company reported $30.95 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Mortgage banking activities' of $3.87 million. Compared to the current estimate, the company reported $3.40 million in the same quarter of the previous year.
View all Key Company Metrics for First BanCorp here>>>
Over the past month, shares of First BanCorp have returned +6.6% versus the Zacks S&P 500 composite's -0.6% change. Currently, FBP carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
NEW YORK--(BUSINESS WIRE)---- $FBP #NYSE--Scott+Scott Attorneys at Law LLP has launched an urgent investigation into whether certain officers and directors of First BanCorp. (NYSE: FBP) failed to manage First BanCorp in an acceptable manner, breaching their fiduciary duties to First BanCorp., and whether First BanCorp. and its shareholders have suffered damages as a result. Attorney Joseph A. Pettigrew is heading the investigation—what shareholders need to know:On June 24, 2026, one of Jeffrey Epstein's sex tr.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Headquartered in San Juan, First BanCorp (FBP - Free Report) is a Finance stock that has seen a price change of 28.7% so far this year. The holding company for FirstBank Puerto Rico is currently shelling out a dividend of $0.20 per share, with a dividend yield of 3%. This compares to the Banks - Foreign industry's yield of 2.8% and the S&P 500's yield of 1.35%.
Looking at dividend growth, the company's current annualized dividend of $0.80 is up 11.1% from last year. Over the last 5 years, First BanCorp has increased its dividend 5 times on a year-over-year basis for an average annual increase of 29.65%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. First BanCorp's current payout ratio is 38%, meaning it paid out 38% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, FBP expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.26 per share, representing a year-over-year earnings growth rate of 11.33%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that FBP is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
NEW YORK--(BUSINESS WIRE)---- $FBP #NYSE--Scott+Scott Attorneys at Law LLP has launched an urgent investigation into whether certain officers and directors of First BanCorp. (NYSE: FBP) failed to manage First BanCorp in an acceptable manner, breaching their fiduciary duties to First BanCorp., and whether First BanCorp. and its shareholders have suffered damages as a result. Attorney Joseph A. Pettigrew is heading the investigation—what shareholders need to know: On June 24, 2026, one of Jeffrey Epstein's sex.
Investors with an interest in Banks - Foreign stocks have likely encountered both First BanCorp (FBP) and DBS Group Holdings Ltd (DBSDY). But which of these two stocks offers value investors a better bang for their buck right now?
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank"), is aware that a lawsuit has been filed against it in the United States District Court for the Southern District of New York alleging claims relating to banking services provided to Jeffrey Epstein following a bank acquisition in the U.S. Virgin Islands. The Corporation and FirstBank categorically deny the claims alleged in the complaint and intend to vigorously defend against them.
First BanCorp and FirstBank are committed to maintaining the highest standards of compliance, governance, and ethical conduct. As a highly regulated financial institution, FirstBank maintains a comprehensive Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance program designed to meet its legal and regulatory obligations, and, as a matter of ongoing practice, works cooperatively with its regulators and, where appropriate, with law enforcement authorities in support of the integrity and potential misuse of the banking system.
The Corporation is reviewing the complaint and will respond through the appropriate legal channels. Given that litigation is pending, FirstBank will not be providing further comment at this time.
About First BanCorp
First BanCorp is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.
First BanCorp’s shares of common stock trade on the New York Stock Exchange under the symbol “FBP.”
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created by such sections, including statements regarding the Corporation’s and FirstBank’s intent to defend against the referenced litigation and the possible resolution of the matter. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed, including the inherent uncertainties of litigation. Additional information concerning these factors is included in the Corporation’s filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. The Corporation undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
First BanCorp (FBP - Free Report) is headquartered in San Juan, and is in the Finance sector. The stock has seen a price change of 27.45% since the start of the year. Currently paying a dividend of $0.20 per share, the company has a dividend yield of 3.03%. In comparison, the Banks - Foreign industry's yield is 2.73%, while the S&P 500's yield is 1.42%.
Looking at dividend growth, the company's current annualized dividend of $0.80 is up 11.1% from last year. Over the last 5 years, First BanCorp has increased its dividend 5 times on a year-over-year basis for an average annual increase of 29.65%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. First BanCorp's current payout ratio is 38%, meaning it paid out 38% of its trailing 12-month EPS as dividend.
FBP is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $2.25 per share, representing a year-over-year earnings growth rate of 10.84%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that FBP is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
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 second quarter ended June 30, 2026, before the market opens on July 22, 2026.
First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00am Eastern Time on Wednesday, July 22, 2026. The call and webcast will be broadcast live over the internet and can be accessed through the Corporation’s investor relations website: fbpinvestor.com.
Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary software. The call may also be accessed through a dial-in telephone number 800-715-9871 or 646-307-1963. The participant access code is 1895316. Following the webcast presentation, a question-and-answer session will be made available to research analysts and institutional investors.
A telephone replay will be available until August 21, 2026, at 800-770-2030, with access code 1895316. A replay of the webcast will be archived on First BanCorp’s website until July 22, 2027.
About First BanCorp
First BanCorp is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.
First BanCorp’s shares of common stock trade on the New York Stock Exchange under the symbol “FBP.”
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 second quarter ended June 30, 2026, before the market opens on July 22, 2026.
First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00am Eastern Time on Wednesday, July 22, 2026. The call and webcast will be broadcast live over the internet and can be accessed through the Corporation’s investor relations website: fbpinvestor.com.
Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary software. The call may also be accessed through a dial-in telephone number 800-715-9871 or 646-307-1963. The participant access code is 1895316. Following the webcast presentation, a question-and-answer session will be made available to research analysts and institutional investors.
A telephone replay will be available until August 21, 2026, at 800-770-2030, with access code 1895316. A replay of the webcast will be archived on First BanCorp’s website until July 22, 2027.
About First BanCorp
First BanCorp is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.
First BanCorp’s shares of common stock trade on the New York Stock Exchange under the symbol “FBP.”
View source version on businesswire.com: https://www.businesswire.com/news/home/20260622623395/en/
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at First BanCorp (FBP - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. First BanCorp currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market? In order to see if FBP is a promising momentum pick, let's examine some Momentum Style elements to see if this holding company for FirstBank Puerto Rico holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For FBP, shares are up 4.85% over the past week while the Zacks Banks - Foreign industry is up 3.44% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.6% compares favorably with the industry's 6.47% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of First BanCorp have increased 20.54% over the past quarter, and have gained 30.94% in the last year. On the other hand, the S&P 500 has only moved 12.48% and 26.22%, respectively.
Investors should also pay attention to FBP's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. FBP is currently averaging 1,462,921 shares for the last 20 days.
Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with FBP.
Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FBP's consensus estimate, increasing from $2.17 to $2.25 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that FBP is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep First BanCorp on your short list.
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 first quarter ended March 31, 2026, before the market opens on April 22, 2026.
First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00am Eastern Time on Wednesday, April 22, 2026. The call and webcast will be broadcast live over the internet and can be accessed through the Corporation’s investor relations website: fbpinvestor.com.
Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary software. The call may also be accessed through a dial-in telephone number 800-715-9871 or 646-307-1963. The participant access code is 5351564. Following the webcast presentation, a question-and-answer session will be made available to research analysts and institutional investors.
A telephone replay will be available until May 22, 2026, at 800-770-2030, with access code 5351564. A replay of the webcast will be archived on First BanCorp’s website until April 22, 2027.
About First BanCorp
First BanCorp is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.
First BanCorp’s shares of common stock trade on the New York Stock Exchange under the symbol “FBP.”
First BanCorp. (NYSE: FBP - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year
First BanCorp. (NYSE: FBP - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 9,658,277 shares, a growth of 20.8% from the February 26th total of 7,997,595 shares. Currently, 6.3% of the shares of the stock are short
SG Americas Securities LLC grew its stake in First BanCorp. (NYSE:FBP – Free Report) by 74.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,580 shares of the bank’s stock after acquiring an additional 54,713 shares during the quarter. SG Americas Securities LLC owned about 0.08% of First BanCorp. worth $2,665,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in First BanCorp. by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 21,053,743 shares of the bank’s stock valued at $464,235,000 after purchasing an additional 152,742 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of First BanCorp. by 3.7% during the third quarter. First Trust Advisors LP now owns 4,207,765 shares of the bank’s stock worth $92,781,000 after buying an additional 148,822 shares in the last quarter. Verition Fund Management LLC raised its position in shares of First BanCorp. by 31.6% in the third quarter. Verition Fund Management LLC now owns 2,284,146 shares of the bank’s stock valued at $50,365,000 after buying an additional 548,164 shares during the last quarter. Schroder Investment Management Group raised its position in shares of First BanCorp. by 8.5% in the third quarter. Schroder Investment Management Group now owns 2,005,383 shares of the bank’s stock valued at $44,259,000 after buying an additional 157,721 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of First BanCorp. during the second quarter valued at approximately $41,404,000. Institutional investors and hedge funds own 97.91% of the company’s stock.
Analyst Upgrades and Downgrades Several analysts have commented on the stock. Hovde Group lifted their target price on shares of First BanCorp. from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Truist Financial raised their price objective on First BanCorp. from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of First BanCorp. in a research note on Thursday, January 22nd. Wells Fargo & Company lifted their price target on First BanCorp. from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, March 30th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of First BanCorp. from $24.00 to $24.50 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, First BanCorp. presently has an average rating of “Moderate Buy” and an average price target of $24.75.
Check Out Our Latest Stock Analysis on FBP
First BanCorp. Stock Down 0.1% Shares of FBP opened at $21.72 on Friday. First BanCorp. has a fifty-two week low of $16.40 and a fifty-two week high of $23.43. The company’s fifty day moving average is $21.64 and its two-hundred day moving average is $21.15. The firm has a market cap of $3.38 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 1.35 and a beta of 0.83. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.15.
First BanCorp. (NYSE:FBP – Get Free Report) last issued its earnings results on Tuesday, January 27th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. First BanCorp. had a return on equity of 17.33% and a net margin of 27.48%.The business had revenue of $257.17 million for the quarter, compared to analyst estimates of $256.18 million. During the same period last year, the company posted $0.46 EPS. Analysts forecast that First BanCorp. will post 1.85 earnings per share for the current year.
First BanCorp. Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Thursday, February 26th were given a dividend of $0.20 per share. This is a boost from First BanCorp.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, February 26th. This represents a $0.80 dividend on an annualized basis and a yield of 3.7%. First BanCorp.’s dividend payout ratio is currently 37.21%.
Insider Buying and Selling at First BanCorp. In related news, EVP Michael Mcdonald sold 34,122 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $22.11, for a total transaction of $754,437.42. Following the completion of the sale, the executive vice president directly owned 62,937 shares of the company’s stock, valued at approximately $1,391,537.07. This represents a 35.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roberto R. Herencia sold 4,723 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $22.63, for a total value of $106,881.49. Following the completion of the sale, the director owned 637,019 shares of the company’s stock, valued at approximately $14,415,739.97. This represents a 0.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.30% of the stock is owned by corporate insiders.
First BanCorp. Profile (Free Report)
First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.
In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.
See Also Five stocks we like better than First BanCorp.
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First BanCorp. (NYSE:FBP – Get Free Report) is anticipated to post its Q1 2026 results before the market opens on Wednesday, April 22nd. Analysts expect First BanCorp. to post earnings of $0.5290 per share and revenue of $263.5390 million for the quarter. Individuals may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, April 22, 2026 at 10:00 AM ET.
First BanCorp. (NYSE:FBP – Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $257.17 million for the quarter, compared to analyst estimates of $256.18 million. First BanCorp. had a return on equity of 17.33% and a net margin of 27.48%.During the same quarter last year, the firm posted $0.46 earnings per share. On average, analysts expect First BanCorp. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
First BanCorp. Stock Performance Shares of First BanCorp. stock opened at $22.75 on Wednesday. The firm has a market cap of $3.54 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.85 and a beta of 0.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. First BanCorp. has a 12 month low of $17.76 and a 12 month high of $23.43. The stock’s fifty day moving average price is $21.71 and its 200-day moving average price is $21.16.
First BanCorp. Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Thursday, February 26th were paid a dividend of $0.20 per share. This is an increase from First BanCorp.’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, February 26th. First BanCorp.’s payout ratio is 37.21%.
Analyst Ratings Changes Several equities analysts have recently commented on the company. Hovde Group raised their price target on First BanCorp. from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Truist Financial raised their price target on First BanCorp. from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Wells Fargo & Company lifted their target price on First BanCorp. from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Keefe, Bruyette & Woods lifted their target price on First BanCorp. from $24.00 to $24.50 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $24.00 target price (up from $23.00) on shares of First BanCorp. in a research note on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.75.
Check Out Our Latest Report on First BanCorp.
Insider Activity In other First BanCorp. news, EVP Michael Mcdonald sold 34,122 shares of First BanCorp. stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $22.11, for a total value of $754,437.42. Following the transaction, the executive vice president owned 62,937 shares in the company, valued at $1,391,537.07. The trade was a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roberto R. Herencia sold 4,723 shares of First BanCorp. stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $22.63, for a total value of $106,881.49. Following the completion of the transaction, the director owned 637,019 shares in the company, valued at $14,415,739.97. This trade represents a 0.74% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by insiders.
Hedge Funds Weigh In On First BanCorp. Several institutional investors and hedge funds have recently added to or reduced their stakes in FBP. Boston Partners boosted its holdings in First BanCorp. by 767.8% in the third quarter. Boston Partners now owns 1,262,241 shares of the bank’s stock worth $27,832,000 after acquiring an additional 1,116,791 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in First BanCorp. by 82.9% in the second quarter. Qube Research & Technologies Ltd now owns 1,434,382 shares of the bank’s stock worth $29,878,000 after acquiring an additional 649,987 shares in the last quarter. Verition Fund Management LLC boosted its holdings in First BanCorp. by 31.6% in the third quarter. Verition Fund Management LLC now owns 2,284,146 shares of the bank’s stock worth $50,365,000 after acquiring an additional 548,164 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in First BanCorp. in the fourth quarter worth about $9,533,000. Finally, Bridgewater Associates LP boosted its holdings in First BanCorp. by 185.7% in the fourth quarter. Bridgewater Associates LP now owns 638,506 shares of the bank’s stock worth $13,236,000 after acquiring an additional 415,047 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.
About First BanCorp. (Get Free Report)
First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.
In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.
See Also Five stocks we like better than First BanCorp.
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First BanCorp (FBP - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 22. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis holding company for FirstBank Puerto Rico is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of +10.6%.
Revenues are expected to be $258.9 million, up 4.3% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for First BanCorp?For First BanCorp, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -7.69%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that First BanCorp will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that First BanCorp would post earnings of $0.52 per share when it actually produced earnings of $0.55, delivering a surprise of +5.77%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
First BanCorp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Analysts on Wall Street project that First BanCorp (FBP - Free Report) will announce quarterly earnings of $0.52 per share in its forthcoming report, representing an increase of 10.6% year over year. Revenues are projected to reach $258.9 million, increasing 4.3% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific First BanCorp metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Efficiency ratio' will likely reach 49.1%. Compared to the current estimate, the company reported 49.6% in the same quarter of the previous year.
The average prediction of analysts places 'Net Interest Margin' at 4.8%. The estimate compares to the year-ago value of 4.5%.
The collective assessment of analysts points to an estimated 'Total Interest-Earning Assets - Average Balance' of $19.01 billion. The estimate compares to the year-ago value of $19.08 billion.
The consensus estimate for 'Card and processing income' stands at $11.43 million. The estimate is in contrast to the year-ago figure of $11.48 million.
Analysts expect 'Net interest income on a tax-equivalent basis and excluding valuations' to come in at $230.09 million. Compared to the current estimate, the company reported $212.40 million in the same quarter of the previous year.
It is projected by analysts that the 'Service charges and fees on deposit accounts' will reach $9.73 million. Compared to the current estimate, the company reported $9.64 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total non-interest income' should arrive at $35.35 million. The estimate is in contrast to the year-ago figure of $35.73 million.
Analysts forecast 'Mortgage banking activities' to reach $3.51 million. The estimate compares to the year-ago value of $3.18 million.
View all Key Company Metrics for First BanCorp here>>>
Over the past month, First BanCorp shares have recorded returns of +12.9% versus the Zacks S&P 500 composite's +6.4% change. Based on its Zacks Rank #4 (Sell), FBP will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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 $88.8 million, or $0.57 per diluted share, for the first quarter of 2026, compared to $87.1 million, or $0.55 per diluted share, for the fourth quarter of 2025, and $77.1 million, or $0.47 per diluted share, for the first quarter of 2025. Aurelio Alemán, President and Chief Exe.
First BanCorp (FBP - Free Report) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +9.62%. A quarter ago, it was expected that this holding company for FirstBank Puerto Rico would post earnings of $0.52 per share when it actually produced earnings of $0.55, delivering a surprise of +5.77%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
First BanCorp, which belongs to the Zacks Banks - Foreign industry, posted revenues of $258.64 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.1%. This compares to year-ago revenues of $248.13 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First BanCorp shares have added about 16% since the beginning of the year versus the S&P 500's gain of 3.2%.
What's Next for First BanCorp?While First BanCorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First BanCorp was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.55 on $260.8 million in revenues for the coming quarter and $2.17 on $1.06 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Foreign is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Banco Comercial Portugues S.A. Unsponsored ADR (BPCGY - Free Report) , has yet to report results for the quarter ended March 2026.
This company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of -65.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Banco Comercial Portugues S.A. Unsponsored ADR's revenues are expected to be $1.12 billion, up 15.3% from the year-ago quarter.
First BanCorp (FBP - Free Report) reported $258.64 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 4.2%. EPS of $0.57 for the same period compares to $0.47 a year ago.
The reported revenue represents a surprise of -0.1% over the Zacks Consensus Estimate of $258.9 million. With the consensus EPS estimate being $0.52, the EPS surprise was +9.62%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how First BanCorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 49.1% versus the two-analyst average estimate of 49.1%.Total Interest-Earning Assets - Average Balance: $18.85 billion versus the two-analyst average estimate of $19.01 billion.Net charge-offs (annualized) to average loans: 0.7% versus 0.7% estimated by two analysts on average.Net Interest Margin: 4.8% versus the two-analyst average estimate of 4.8%.Service charges and fees on deposit accounts: $9.93 million compared to the $9.73 million average estimate based on two analysts.Mortgage banking activities: $4.04 million compared to the $3.51 million average estimate based on two analysts.Net interest income on a tax-equivalent basis and excluding valuations: $232.42 million versus the two-analyst average estimate of $230.09 million.Total non-interest income: $37.69 million versus the two-analyst average estimate of $35.35 million.Card and processing income: $11.76 million versus the two-analyst average estimate of $11.43 million.View all Key Company Metrics for First BanCorp here>>>
Shares of First BanCorp have returned +14.3% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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 $0.20 per share on its outstanding common stock. The dividend is payable on June 12, 2026 to shareholders of record at the close of business on May 28, 2026. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercia.
First BanCorp. (NYSE:FBP – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $24.51 and last traded at $24.1760, with a volume of 1110895 shares trading hands. The stock had previously closed at $24.24.
Analyst Ratings Changes Several research firms recently commented on FBP. Piper Sandler boosted their price objective on shares of First BanCorp. from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First BanCorp. in a research report on Tuesday, April 21st. Truist Financial boosted their price objective on shares of First BanCorp. from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Raymond James Financial raised shares of First BanCorp. from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $26.00 to $27.00 in a research report on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of First BanCorp. from $24.50 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.86.
View Our Latest Report on First BanCorp.
First BanCorp. Stock Down 0.3% The firm’s 50-day simple moving average is $21.88 and its 200 day simple moving average is $21.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $3.76 billion, a P/E ratio of 10.74, a PEG ratio of 1.92 and a beta of 0.83.
First BanCorp. (NYSE:FBP – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. First BanCorp. had a net margin of 28.31% and a return on equity of 17.51%. The firm had revenue of $258.64 million for the quarter, compared to analysts’ expectations of $263.54 million. During the same period in the previous year, the firm posted $0.47 EPS. As a group, research analysts expect that First BanCorp. will post 2.21 EPS for the current year.
First BanCorp. Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.80 annualized dividend and a yield of 3.3%. First BanCorp.’s payout ratio is 35.56%.
Insider Buying and Selling In other First BanCorp. news, Director Roberto R. Herencia sold 4,723 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $22.63, for a total transaction of $106,881.49. Following the sale, the director directly owned 637,019 shares of the company’s stock, valued at $14,415,739.97. The trade was a 0.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On First BanCorp. Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its position in First BanCorp. by 8.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 498,453 shares of the bank’s stock worth $10,647,000 after buying an additional 38,608 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of First BanCorp. by 9.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 28,331 shares of the bank’s stock worth $605,000 after purchasing an additional 2,393 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of First BanCorp. during the 1st quarter worth about $1,474,000. Diversified Trust Co increased its stake in shares of First BanCorp. by 12.3% during the 1st quarter. Diversified Trust Co now owns 41,873 shares of the bank’s stock worth $894,000 after purchasing an additional 4,577 shares during the last quarter. Finally, Baron Wealth Management LLC increased its stake in shares of First BanCorp. by 7.1% during the 1st quarter. Baron Wealth Management LLC now owns 15,207 shares of the bank’s stock worth $325,000 after purchasing an additional 1,011 shares during the last quarter. 97.91% of the stock is owned by institutional investors.
About First BanCorp. (Get Free Report)
First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.
In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.
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Investors with an interest in Banks - Foreign stocks have likely encountered both First BanCorp (FBP) and DBS Group Holdings Ltd (DBSDY). But which of these two companies is the best option for those looking for undervalued stocks?
Investors with an interest in Banks - Foreign stocks have likely encountered both First BanCorp (FBP) and National Australia Bank Ltd. (NABZY). But which of these two stocks is more attractive to value investors?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First BanCorp (FBP) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First BanCorp (FBP) have what it takes?
Investors looking for stocks in the Banks - Foreign sector might want to consider either First BanCorp (FBP - Free Report) or DBS Group Holdings Ltd (DBSDY - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
First BanCorp and DBS Group Holdings Ltd are both sporting a Zacks Rank of #2 (Buy) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. But this is only part of the picture for value investors.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
FBP currently has a forward P/E ratio of 10.87, while DBSDY has a forward P/E of 15.59. We also note that FBP has a PEG ratio of 1.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DBSDY currently has a PEG ratio of 4.21.
Another notable valuation metric for FBP is its P/B ratio of 1.94. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, DBSDY has a P/B of 2.63.
These metrics, and several others, help FBP earn a Value grade of B, while DBSDY has been given a Value grade of D.
Both FBP and DBSDY are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that FBP is the superior value option right now.
