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First BanCorp

FBP

First BanCorp.

Market cap
$4.44B+34.9%
Revenue$1.0B+6.0%
Net income$372.6M+21.5%
Free cash flow$441.0M+7.5%
EPS (diluted)$2.38+26.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 22, 2026 (in 2 months)
Revenue estimate$274.0M
EPS estimate$0.58

Financials

Q2 2026

Income statement

See full
Revenue$264.9M+7.3%
Net income$96.2M+19.9%
EPS (diluted)$0.62+24.0%

Balance sheet

See full
Cash & equivalents$561.3M-23.8%
Total debt$200.0M-37.5%
Total equity$2.0B+7.1%
Total assets$19.2B+1.8%

Cash flow

See full
Operating cash flow$92.2M-3.4%
CapEx$5.0M+93.1%
Free cash flow$87.2M-6.1%

Valuation & ratios

Valuation

See full
Market cap$4.44B+34.9%
Enterprise value$4.07B+41.9%
P/E11.9×+1.2×
P/S4.3×+0.9×

Profitability

See full
Net margin36.2%+4.6pp
FCF margin42.8%+0.6pp

Returns & leverage

See full
Return on equity19.5%+1.1pp
Debt / equity0.1×-0.1×

Segments

By segment

See full
Consumer Retail Banking$171.7M+2.0%
Commercial And Corporate$51.2M+16.5%
United States Operations$23.7M+11.0%
Mortgage Banking$21.7M+2.7%
Virgin Islands Operations$19.6M+1.9%

Competitors

Profile

First BanCorp. is a financial holding company that provides a comprehensive range of commercial and consumer banking services across Puerto Rico, the United States, and the Virgin Islands. The company operates as a leading regional bank offering mortgage banking, automobile financing, and insurance agency services alongside traditional retail and corporate banking. Its core value proposition centers on being a diversified financial institution with a strong regional presence and a commitment to community-focused service.

Competitive position

A leading regional financial institution in Puerto Rico with a significant footprint in Florida and the Virgin Islands, operating under a well-capitalized regulatory status.

GeographiesPuerto Rico, United States, U.S. Virgin Islands, British Virgin Islands
Customer segmentsRetail Consumers, SMEs, Large Enterprises, Government Agencies
Business modelB2C Banking, B2B Commercial Lending, Asset-Light Servicing, Interest Income
SuppliersFederal Reserve Board, FDIC, Federal Home Loan Bank of New York, Depositors, Technology Infrastructure Providers
CustomersIndividual Borrowers, Corporate Borrowers, Government Entities, Secondary Mortgage Market Investors (FNMA, FHLMC)
Listed1987
Employees3.2K
CEOAurelio Aleman-Bermudez
FilingsSEC EDGAR

FAQ

What is First BanCorp's market cap?
First BanCorp (FBP) has a market capitalization of $4.4B and trades on NYSE.
What is First BanCorp's revenue and profitability?
First BanCorp generated $1.0B in trailing twelve-month revenue with net income of $372.6M, representing a net margin of 36.2%, with free cash flow of $441.0M. These figures are based on the Q2 2026 filing.
Who are First BanCorp's competitors?
First BanCorp's key competitors include Popular, Inc., OFG Bancorp, First Bancorp, Inc. (ME), and others. These companies compete in similar markets and product categories.
Who does First BanCorp partner with?
First BanCorp's notable partners include Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Government National Mortgage Association.
What subsidiaries does First BanCorp have?
First BanCorp's subsidiaries include FirstBank, FirstBank Insurance Agency, Inc., First Federal Finance Corp., and others.
Where is First BanCorp headquartered?
First BanCorp is headquartered in United States of America and employs approximately 3,168 people. It has been publicly traded since 1987.