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Puerto Rico-based bank offering retail, commercial and mortgage banking in Puerto Rico, the Virgin Islands and Florida.
Puerto Rico-based bank offering retail, commercial and mortgage banking in Puerto Rico, the Virgin Islands and Florida.
Earns mostly from the gap between interest on loans and what it pays on deposits, gathered from Puerto Rican consumers and businesses, with fees from cards, accounts and mortgage lending adding to it. Hurricane recovery spending and federal reconstruction money since 2017 have fed local loan and deposit demand.
Moat: narrow (scale, distribution). Leading branch network and long history give it a strong deposit franchise in Puerto Rico.
Headquarters: San Juan, Puerto Rico, US · Founded: 1948 · Employees: 3,218
Size First Bancorp (FBP) is a United States Financials company (Regional Banks) with a market value of $3.92B, the 1358th largest of 3,117 United States companies the cockpit tracks. Shares closed at $26.00 on 6 Nov 2026.
Performance Over six months the shares gained 8.1%, against +6.5% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 3.1% over the last twelve months (peer median +2.9%); the operating margin is 43.8% (peer median 41.3%).
Valuation It trades at 2.09× book value against a peer median of 1.19× (2nd most expensive of 21).
Price implies The share price implies a return on equity of about 15.7%; First Bancorp delivers 19.4%, so the price asks less than the business earns today.
Short interest Short interest is 5.0% of the free float (15 Oct 2026).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.29B | $1.26B | $1.23B | $1.15B | $992M |
| Revenue growth | — | +2% | +7% | +16% | — |
| Net income | $368M | $345M | $299M | $303M | $305M |
| Free cash flow | n/a | $434M | $399M | $338M | $400M |
| Capital expenditure | n/a | $11.0M | $10.0M | $22.6M | $20.5M |
| Total debt | $224M | $364M | $628M | $733M | $1.02B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| First Bancorp FBP | $3.92B | +8% | +3% | 19% | 2.09× | 15.7% |
| OFG Bancorp OFG | $2.15B | +10% | +2% | 17% | 1.60× | 12.0% |
| Popular BPOP | $9.83B | +5% | +4% | 17% | 1.58× | 11.1% |
| Banco Santander S.A. Sponsored ADR SAN | $170B | -4% | +21% | 13% | 1.35× | 10.8% |
| Seacoast Banking Corporation of Florida SBCF | $3.24B | +8% | +29% | 7% | 1.25× | 10.9% |
| BankUnited BKU | $3.14B | -7% | -5% | 9% | 1.09× | 11.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FBP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.5% | +3.7% | 6th lowest of 21 |
| 6-month return | +8.1% | +6.5% | 8th highest of 21 |
| Return on equity | 19.4% | 8.6% | 2nd highest of 21 |
| Price / book | 2.09× | 1.19× | 2nd most expensive of 21 |
| Trailing P/E | 10.9× | 12.0× | 4th cheapest of 19 |
| ROE the price implies | 15.7% | 9.5% | 3rd most demanding of 20 |
| ROE delivered | 19.4% | 8.7% | 2nd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| First Bancorp FBP | United States | $3.92B | +8% | +3% | 19% | 2.09× | 15.7% | 19.4% |
| Independent Bank INDB | United States | $3.94B | +8% | +25% | 9% | 1.14× | 9.5% | 9.3% |
| Hirogin 7337.T | Japan | $3.89B | +9% | +26% | 8% | 0.99× | 7.4% | 8.2% |
| BancFirst BANF | United States | $3.87B | +2% | -3% | 14% | 1.94× | 12.7% | 13.6% |
| CVB Financial CVBF | United States | $3.99B | +12% | +23% | 9% | 1.27× | 9.8% | 8.6% |
| Zuger Kantonalbank ZUGER.SW | Switzerland | $4.04B | +8% | -10% | 8% | 2.03× | n/a | 8.3% |
| Karur Vysya Bank KARURVYSYA.NS | India | $3.80B | +18% | +14% | 21% | 2.32× | 30.7% | 21.0% |
| EQB EQB.TO | Canada | $3.79B | +3% | -4% | 0% | 1.44× | 12.8% | -0.1% |
| Chugin Financial Group,Inc 5832.T | Japan | $3.76B | +10% | +34% | 8% | 0.86× | 6.5% | 8.3% |
| Bank Handlowy w Warszawie BHW.WA | Poland | $4.09B | +7% | -22% | 17% | 1.72× | 17.1% | 16.7% |
| WesBanco WSBC | United States | $3.70B | +13% | +17% | 9% | 0.96× | 8.2% | 8.8% |
| International Bancshares IBOC | United States | $4.20B | -8% | +2% | 13% | 1.25× | 9.8% | 12.9% |
| Cathay General Bancorp CATY | United States | $4.24B | +12% | +3% | 12% | 1.39× | 11.8% | 12.2% |
| Twenty One Capital XXI | United States | $3.57B | -36% | n/a | -12% | 1.38× | 7.6% | n/a |
| Renasant RNST | United States | $3.55B | -2% | +20% | 9% | 0.93× | 9.5% | 8.7% |
| Yamaguchi Financial 8418.T | Japan | $3.54B | +6% | +19% | 6% | 0.84× | 5.8% | 5.7% |
| Bendigo & Adelaide Bank BEN.AX | Australia | $4.36B | +5% | -6% | 6% | 0.93× | 11.0% | 5.6% |
| First Interstate BancSystem FIBK | United States | $3.50B | +4% | -4% | 10% | 1.12× | 9.0% | 9.5% |
| Jiangsu Changshu Rural Commercial Bank 601128.SS | China | $3.48B | -4% | -1% | 14% | 0.67× | 2.5% | 13.8% |
| United Community Banks UCB | United States | $4.43B | +11% | -18% | 4% | 1.26× | 10.9% | 4.1% |
| Nishi-Nippon Financial 7189.T | Japan | $3.47B | +3% | +28% | 8% | 0.88× | 6.9% | 7.8% |