First Bancorp

First BanCorp (Puerto Rico) is a holding company, which engages in the provision of personal, commercial, and corporate banking services. It operates through the following segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment consists of the company's lending and other services for large customers represented by specialized and middle-market clients and the public sector. The Consumer (Retail) Banking segment includes consumer lending and deposit-taking activities conducted mainly through FirstBank's branch network in Puerto Rico. The Mortgage Banking segment focuses on the origination, sale, and servicing of a variety of residential mortgage loan products and related hedging activities. The Treasury and Investments segment deals with treasury and investment management functions. The United States Operations segment represents all banking activities conducted by FirstBank on the United States mainland. The Virgin Islands Operations segment includes all banking activities conducted by FirstBank in the U.S. Virgin Islands and the British Virgin Islands. The company was founded on October 29, 1948 and is headquartered in San Juan, Puerto Rico.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

First Bancorp reports solid earnings, eyes growth amidst challenges

First Bancorp (FBP) delivered strong financial performance with solid returns and robust loan portfolio growth.
Despite challenges in expenses and credit trends, the company's focus on technology and competitive pricing positions it well for future growth.
Opportunities in capital returns, cash flow from investments, and stable fee structures provide avenues for sustained performance.
Overall, First Bancorp's strategic investments and cautious approach to challenges indicate a resilient outlook for the future.

First Bancorp reports solid Q1 earnings amidst liquidity challenges

First Bancorp (FBP) delivered solid Q1 results with stable credit metrics and increased liquidity.
Challenges included a decrease in core deposits, net interest income, and margin contraction.
Analysts projected betas for the company and raised concerns about liquidity management.
Opportunities exist in managing funding sources, enhancing loan growth, and capitalizing on positive economic conditions.

First Bancorp reports strong Q2 earnings and tech investment focus

First Bancorp (FBP) delivered strong financial performance in Q2 2023, marked by earnings growth, loan portfolio expansion, and solid asset quality. The company's focus on liquidity management, cost efficiency, and strategic investments in technology underscores its commitment to sustainable growth.
While facing challenges related to net interest income pressures and provision for credit losses, First Bancorp remains well-positioned to capitalize on opportunities for growth through loan repricing, portfolio expansion, and leveraging positive economic trends in Puerto Rico.
By addressing analyst inquiries, sustaining cost efficiency, and executing on strategic initiatives, First Bancorp can navigate challenges, capitalize on opportunities, and drive continued value creation for shareholders and stakeholders.

First Bancorp posts solid Q3 earnings amidst deposit challenges

First Bancorp's Q3 2023 performance reflects a balanced approach to financial management, with a focus on growth and stability.
The company's strategic initiatives in share repurchases and loan portfolio expansion position it well for future opportunities.
While facing challenges in deposit trends and expense management, First Bancorp remains resilient with a strong capital position and risk management practices.

First Bancorp reports strong earnings, focuses on loan growth

First Bancorp delivered strong financial performance in Q4 2023 and full year, supported by robust earnings, loan portfolio growth, and improved asset quality. The company's capital position strengthened, setting a solid foundation for future growth and stability.
While facing challenges such as core deposit contraction and increased expenses, First Bancorp remains focused on managing credit risk, optimizing expenses, and enhancing shareholder value through dividends and buybacks.
Strategic priorities for 2024 include loan growth, credit management, and efficient capital deployment, aligning with opportunities to drive revenue growth, strengthen risk management practices, and enhance profitability.

First Bancorp posts robust Q1 results amidst asset quality challenges

First Bancorp's Q1 2024 performance reflects strong financial results, growth in key sectors, and strategic initiatives for future growth.
While facing challenges in asset quality and maintaining interest income growth, the company's focus on efficiency and client experience remains a strength.
With opportunities in technology utilization, market expansion through targeted loan growth, and upcoming networking events, First Bancorp is poised for continued success.

First Bancorp posts robust Q2 earnings, eyes growth opportunities

First Bancorp delivered a strong quarter marked by financial growth, prudent risk management, and a commitment to shareholder returns. While challenges exist in economic uncertainties and capital redemption, the company is well-positioned to leverage opportunities in the Puerto Rican market and digital enhancements. By focusing on strategic investments and prudent financial management, First Bancorp aims to sustain its positive momentum.

First Bancorp reports strong Q3 earnings and focuses on innovation

First Bancorp's Q3 2024 performance reflects financial stability, growth in net income, and improvements in asset quality and regulatory ratios, positioning the company well for future opportunities.
The company's strategic focus on innovation, expense management, and capital return underscores a commitment to enhancing shareholder value and navigating market challenges effectively.
By addressing challenges in expenses, consumer trends, and optimizing portfolios, while capitalizing on growth opportunities, First Bancorp aims to sustain its positive momentum and drive long-term value creation.

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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 $0.16 per share on its outstanding common stock. The dividend is payable on December 13, 2024 to shareholders of record at the close of business on November 29, 2024. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered.

First BanCorp Declares Quarterly Cash Dividend on Common Stock

First BanCorp. (NYSE:FBP ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Ramon Rodriguez - IR Aurelio Aleman - President and CEO Orlando Berges - EVP, CFO Conference Call Participants Timur Braziler - Wells Fargo Steve Moss - Raymond James Frank Schiraldi - Piper Sandler Kelly Motta - KBW Operator Good morning all. And thank you all for attending the First BanCorp Q3 2024 Financial Results Conference Call.

First BanCorp. (FBP) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for First Bancorp (FBP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About First Bancorp (FBP) Q3 Earnings

First Bancorp (FBP) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.46 per share a year ago.

First Bancorp (FBP) Tops Q3 Earnings Estimates

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 $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, compared to $75.8 million, or $0.46 per diluted share, for the second quarter of 2024, and $82.0 million, or $0.46 per diluted share, for the third quarter of 2023.   Aurelio Alemán, President and Chief Exe.

First BanCorp. Announces Earnings for the Quarter Ended September 30, 2024

Besides Wall Street's top -and-bottom-line estimates for First Bancorp (FBP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Ahead of First Bancorp (FBP) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

First Bancorp (FBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: First Bancorp (FBP) Q3 Earnings Expected to Decline

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 third quarter ended September 30, 2024, before the market opens on October 23, 2024. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Wednesday, October 23, 2024. The call and webcast will be broadcast live over the.

First BanCorp to Announce 3Q 2024 Results on October 23, 2024

First BanCorp. (NYSE:FBP ) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants Ramon Rodriguez - IR Officer Aurelio Aleman-Bermudez - President and CEO Orlando Berges-Gonzalez - EVP and CFO Conference Call Participants Brett Rabatin - Hovde Group Steve Moss - Raymond James Timur Braziler - Wells Fargo Kelly Motta - KBW Operator Good morning, everyone. My name is Kiki, and I will be your conference operator today.

First BanCorp. (FBP) Q2 2024 Earnings Call Transcript

First Bancorp (FBP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.37 per share a year ago.

First Bancorp (FBP) Q2 Earnings and Revenues Surpass Estimates

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 $75.8 million, or $0.46 per diluted share, for the second quarter of 2024, compared to $73.5 million, or $0.44 per diluted share, for the first quarter of 2024, and $70.7 million, or $0.39 per diluted share, for the second quarter of 2023. Aurelio Alemán, President and Chief Exec.

First BanCorp. Announces Earnings for the Quarter Ended June 30, 2024

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 approved the following capital actions: The declaration of a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on September 13, 2024 to shareholders of record at the close of business on August 29, 2024. A new repurchase program of up to $250 million that could inc.

First BanCorp Announces Capital Actions

BPOP vs. FBP: Which Stock Is the Better Value Option?

First Bancorp (FBP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

First Bancorp (FBP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why First Bancorp (FBP) Could Beat Earnings Estimates Again

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced the release of its third annual Corporate Sustainability Report, highlighting the Corporation's commitment to environmental stewardship, social responsibility, and ethical governance. This 2023 Corporate Sustainability Report details significant achievements, including the expansion of the Corporation's recycling program, the adoption of a Human Ri.

First BanCorp Announces the Release of Its 2023 Corporate Sustainability Report

First BanCorp (FBP) stock looks like an attractive investment option now, given its fundamental strength and robust growth potential.

4 Reasons to Invest in First BanCorp (FBP) Stock Right Now

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?

First Bancorp (FBP) Could Be a Great Choice

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, 2024, before the market opens on July 23, 2024. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Tuesday, July 23, 2024. The call and webcast will be broadcast live over the internet an.

First BanCorp to Announce 2Q 2024 Results on July 23, 2024

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First Bancorp (FBP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About First Bancorp (FBP) Rating Upgrade to Strong Buy

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