US stock · Financial Services sector · Banks—Regional
F
First BanCorp.
FBP
NYSE11.90
USD
-0.48
(-3.88%)
Market Closed
7.84P/E
8Forward P/E
0.37P/E to S&P500
2.139BMarket CAP
4.04%Div Yield
Upcoming Earnings
20 Jul-24 Jul
Shares Short
5/15/23
3.51M
Short % of Float
2.83%
Short % of Shares Outs.
1.95%
% Held by Insiders
2.02%
% Held by Institutions
98.07%
Beta
1.15
PEG Ratio
13.13
52w. high/low
16.40/10.18
Avg. Daily Volume
1.35M
Return %
Stock
S&P 500
1 year
(6.87)
(9.05)
3 years
96.58
50.26
5 years
90.38
38.50
Scale: |
High
Low
210.00
84.30
168.00
22.05
57.60
3.60
7.65
2.50
4.99
3.20
8.70
4.54
6.21
4.36
6.76
3.01
7.05
2.06
7.02
4.48
9.68
5.02
11.94
8.30
10.67
3.50
14.91
8.88
16.62
11.94
14.63
11.56
Currency: USD
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Revenue per share
86.72
97.70
107.18
51.35
8.04
2.25
2.54
2.55
2.48
2.47
2.41
2.70
2.93
3.17
3.85
4.17
Earnings per share
11.74
17.83
(44.60)
(46.36)
(1.28)
0.15
(0.80)
1.88
0.10
0.44
0.31
0.93
0.77
0.47
1.30
1.41
FCF per share
6.14
23.20
32.90
18.14
2.23
1.06
1.61
1.16
1.18
0.89
1.06
1.24
1.25
1.30
1.78
1.94
Dividends per share
11.18
10.73
6.98
- -
0.41
- -
- -
- -
- -
0.00
0.01
0.04
0.15
0.21
0.31
0.40
CAPEX per share
4.25
5.32
6.53
2.83
0.21
0.06
0.06
0.11
0.06
0.05
0.04
0.10
0.10
0.07
0.06
0.09
Book Value per sh.
244.93
251.02
259.17
93.54
22.40
7.23
5.92
8.02
8.01
8.39
8.74
9.48
10.27
10.49
9.69
6.11
Comm.Shares outs.
6
6
6
11
64
205
206
208
211
213
214
216
217
217
217
217
Avg. annual P/E ratio
13.5
8.1
(1.5)
(0.4)
(3.3)
27.3
(7.6)
2.8
49.5
9.6
18.1
8.2
13.7
14.2
9.4
10.2
P/E to S&P500
0.8
0.4
(0.0)
(0.0)
(0.2)
1.8
(0.4)
0.2
2.5
0.4
0.8
0.3
0.6
0.4
0.3
0.5
Avg. annual div. yield
7.1%
7.5%
10.7%
- -
9.6%
- -
- -
- -
- -
0.0%
0.2%
0.6%
1.4%
3.2%
2.5%
2.8%
Revenue (m)
503
603
661
581
519
461
521
532
525
525
516
583
637
687
836
904
Operating margin
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation (m)
30
23
21
21
25
28
30
26
26
23
21
19
21
26
36
- -
Net profit (m)
68
110
(275)
(524)
(82)
30
(164)
392
21
93
67
202
167
102
281
305
Income tax rate
24.1%
(40.6)%
(1.7)%
(24.5)%
(12.8)%
16.6%
(3.2)%
(328.1)%
23.2%
28.4%
(8.0)%
(5.8)%
30.1%
12.1%
34.3%
31.8%
Net profit margin
13.5%
18.2%
(41.6)%
(90.3)%
(15.9)%
6.5%
(31.6)%
73.7%
4.1%
17.8%
13.0%
34.6%
26.3%
14.9%
33.6%
33.8%
Working capital (m)
(262)
(255)
(1,072)
(189)
(176)
(318)
- -
- -
(259)
(489)
- -
- -
- -
13,972
13,912
- -
Long-term debt (m)
1,103
1,060
1,210
885
599
532
532
557
581
516
924
924
754
624
384
859
Equity (m)
1,422
1,548
1,599
1,058
1,444
1,485
1,216
1,672
1,694
1,786
1,869
2,045
2,228
2,275
2,102
1,326
ROIC
3.7%
4.9%
1.1%
(0.4)%
1.7%
1.4%
(0.2)%
7.0%
0.8%
1.4%
1.4%
2.5%
1.9%
1.0%
1.6%
1.9%
Return on capital
4.8%
3.5%
1.1%
(0.3)%
1.5%
1.6%
(0.2)%
1.6%
1.0%
1.9%
1.3%
2.4%
2.8%
1.1%
2.4%
2.8%
Return on equity
4.8%
7.1%
(17.2)%
(49.6)%
(5.7)%
2.0%
(13.5)%
23.5%
1.3%
5.2%
3.6%
9.9%
7.5%
4.5%
13.4%
23.0%
Plowback ratio
4.8%
39.8%
115.6%
100.0%
132.1%
100.0%
100.0%
100.0%
100.0%
99.8%
96.0%
95.4%
80.3%
54.9%
76.0%
71.2%
Div.&Repurch./FCF
182.0%
46.3%
- -
- -
- -
(0.5)%
- -
0.4%
0.5%
0.7%
2.3%
4.5%
12.9%
16.4%
82.8%
87.0%
Capital Structure
28 Feb · 2023 | Q4
All numbers in millions
Total liabilities
$ 17,309
Total assets
$ 18,634
Long-term debt
$ 859
Cash and equiv.
$ 479
Goodwill
$ 39
Retained earnings
$ 1,644
Common stock
184
Enterprise Value
$ 2,519
Working Capital
Currency: USD, in millions
2020
2021
2022
Cash & Investments
5,799
8,997
6,080
Receivables
70
637
788
Inventory
- -
- -
- -
Other
8,103
5,386
(7,823)
Current assets
13,972
13,912
- -
Acc. Payable
277
215
232
Debt due
- -
- -
- -
Other
(277)
(215)
(232)
Current liabilities
- -
- -
- -
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
8.10%
11.70%
6.54%
Cash flow
8.71%
12.75%
4.58%
Earnings
8.56%
31.87%
22.79%
Dividends
30.16%
93.85%
- -
Book value
(36.93)%
(8.37)%
2.76%
Insider Trading
Type
Shares
Date
Aleman Aurelio
Gift
10,000
12/14/22
Dedrick Tracey A
Small
150
12/12/22
Frye Daniel Edward
Sale
3,041
11/10/22
Rivera Nayda
Sale
20,000
11/10/22
Aleman Aurelio
Sale
4,751
11/09/22
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
2020
165
152
174
197
687
2021
203
206
211
211
831
2022
211
31
232
231
705
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.01
0.10
0.13
0.23
0.47
2021
0.28
0.33
0.35
0.34
1.30
2022
0.38
0.34
0.34
0.34
1.41
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.05
0.05
0.05
0.05
0.21
2021
0.07
0.07
0.07
- -
0.22
2022
0.09
0.11
0.10
0.10
0.40
Company Description
Sector:
Financial Services
Industry:
Banks—Regional
CEO:
Mr. Aurelio Alemán-Bermudez
Full-time employees:
3,075
City:
San Juan
Address:
1519 Ponce de Leon Ave.
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.