First Ban Stock (NYSE:FBP)


ForecastRevenueOwnershipFinancialsChartTranscripts

Previous Close

$20.80

52W Range

$14.72 - $22.40

50D Avg

$20.43

200D Avg

$18.79

Market Cap

$3.37B

Avg Vol (3M)

$992.93K

Beta

1.11

Div Yield

$0.64 (3.02%)

FBP Company Profile


First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides various financial services for retail, commercial, and institutional clients. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans and floor plan financings; and other products, such as cash management and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; acquisition and sale of mortgages in the secondary markets; and purchase of mortgage loans from other local banks and mortgage bankers. The Consumer (Retail) Banking segment provides auto, boat, credit card, and personal loans; lines of credit; deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs); and finance leasing and insurance agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans; and internet banking, cash management, remote deposit capture, and automated clearing house, and transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. The company operates 64 branches in Puerto Rico, 8 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

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Industry

Banks - Regional

Sector

Financial Services

Exchange

NYSE

ADR

-

Country

US

Employees

3,168

IPO Date

Jan 13, 1987

Website

FBP Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 23Dec 22Dec 21
Consumer Retail Banking Segment$658.68M--
Commercial And Corporate Segment$75.94M--
United States Operations Segment$86.12M--
Virgin Islands Operations Segment$30.84M--
Treasury And Investments Segment$-11.88M--
Mortgage Banking$90.11M--
Investments Product Line-$3.20M-
Credit Card, Merchant Discount--$8.46M

Fiscal year ends in Dec 23 | Currency in USD

FBP Financial Summary


Dec 23Dec 22Dec 21
Revenue$1.16B$23.57M$835.86M
Operating Income$1.01B$514.90M$427.82M
Net Income$302.86M$305.07M$281.02M
EBITDA-$546.01M$464.19M
Basic EPS$1.71$1.60$1.32
Diluted EPS$1.71$1.59$1.31

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Oct 23, 24 | 1:34 PM
Q2 24Jul 23, 24 | 12:14 PM
Q1 24Apr 23, 24 | 4:33 PM

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