📊 FBP Key Takeaways
Is FBP a Good Investment? Thesis Analysis
First Bancorp demonstrates solid fundamental health with strong profitability (27.5% net margin, 17.5% ROE) and robust cash generation (437.5M FCF, 34.9% FCF margin). Revenue growth of 25.4% YoY is impressive for a regional bank, though net income growth stalled at 0% YoY, warranting closer monitoring of earnings sustainability.
Why Buy FBP? Key Strengths
- Exceptional free cash flow generation at $437.5M with 34.9% FCF margin indicates strong capital-generating ability
- High net margin of 27.5% and ROE of 17.5% demonstrate operational efficiency and effective use of shareholder capital
- Conservative leverage with 0.15x debt-to-equity ratio provides financial flexibility and downside protection
- Significant revenue growth of 25.4% YoY shows market expansion and business momentum
FBP Investment Risks to Consider
- Net income growth stalled at 0% YoY despite 25.4% revenue growth, suggesting margin compression or rising costs offset top-line gains
- Interest coverage ratio of 2.9x is adequate but not exceptional, limiting cushion for adverse rate environments
- High insider trading activity (22 Form 4 filings in 90 days) warrants investigation into insider sentiment and potential information asymmetries
Key Metrics to Watch
- Net income growth trajectory and operating margin trends to confirm earnings sustainability
- Interest coverage ratio movement amid changing rate environment
- Loan portfolio quality metrics and loan loss provisions to assess credit risk
FBP Financial Metrics
💡 AI Analyst Insight
The 34.9% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
FBP Profitability Ratios
FBP vs Finance Sector
How FIRST BANCORP /PR/ compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is FBP Overvalued or Undervalued?
Based on fundamental analysis, FIRST BANCORP /PR/ appears fundamentally strong relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
FBP Balance Sheet & Liquidity
FBP 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: FIRST BANCORP /PR/'s revenue has grown significantly by 18% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.71 reflects profitable operations.
FBP Growth Metrics (YoY)
FBP Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $234.6M | $73.7M | $0.45 |
| Q2 2025 | $231.7M | $75.8M | $0.46 |
| Q1 2025 | $230.5M | $73.5M | $0.44 |
| Q3 2024 | $230.0M | $73.7M | $0.45 |
| Q2 2024 | $231.7M | $70.7M | $0.39 |
| Q1 2024 | $230.5M | $70.7M | $0.39 |
| Q3 2023 | $230.0M | $74.6M | $0.40 |
| Q2 2023 | $227.1M | $70.7M | $0.38 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
FBP Capital Allocation
FBP SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for FIRST BANCORP /PR/ (CIK: 0001057706)
📋 Recent SEC Filings
❓ Frequently Asked Questions about FBP
What is the AI rating for FBP?
FIRST BANCORP /PR/ (FBP) has an AI rating of BUY with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are FBP's key strengths?
Claude: Exceptional free cash flow generation at $437.5M with 34.9% FCF margin indicates strong capital-generating ability. High net margin of 27.5% and ROE of 17.5% demonstrate operational efficiency and effective use of shareholder capital.
What are the risks of investing in FBP?
Claude: Net income growth stalled at 0% YoY despite 25.4% revenue growth, suggesting margin compression or rising costs offset top-line gains. Interest coverage ratio of 2.9x is adequate but not exceptional, limiting cushion for adverse rate environments.
What is FBP's revenue and growth?
FIRST BANCORP /PR/ reported revenue of $1.3B.
Does FBP pay dividends?
FIRST BANCORP /PR/ pays dividends, with $115.5M distributed to shareholders in the trailing twelve months.
Where can I find FBP SEC filings?
Official SEC filings for FIRST BANCORP /PR/ (CIK: 0001057706) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FBP's EPS?
FIRST BANCORP /PR/ has a diluted EPS of $2.15.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is FBP a good stock to buy right now?
Based on our AI fundamental analysis in March 2026, FIRST BANCORP /PR/ has a BUY rating with 78% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is FBP stock overvalued or undervalued?
Valuation metrics for FBP: ROE of 17.5% (sector avg: 12%), net margin of 27.5% (sector avg: 25%). Higher ROE suggests strong returns relative to peers.
Should I buy FBP stock in 2026?
Our dual AI analysis gives FIRST BANCORP /PR/ a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is FBP's free cash flow?
FIRST BANCORP /PR/'s operating cash flow is $448.6M, with capital expenditures of $11.0M. FCF margin is 34.9%.
How does FBP compare to other Finance stocks?
Vs Finance sector averages: Net margin 27.5% (avg: 25%), ROE 17.5% (avg: 12%), current ratio N/A (avg: 1.2).