Is First BanCorp (FBP) overvalued or fairly valued?

MarketChacha shows First BanCorp's valuation in context — a trailing P/E of about 13.2, a forward P/E of about 11.9, a price-to-book of about 2.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does First BanCorp's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.28×) from reported figures — education, not a rating.

What is First BanCorp's revenue?

First BanCorp reported revenue of $1.0B for FY2025, with net profit of $344.9M, per official filings.

What is the share price of First BanCorp (FBP)?

First BanCorp last traded at $28.58 (+3.4% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

First BanCorp

FBP · NYSE · Financials · United States

$28.58+3.4%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:29 PM

Snapshot

TickerFBP

ExchangeNYSE

SectorFinancials

IndustryBanks - Regional

CountryUnited States

Employees3,218

HeadquartersSan Juan, United States

Market cap$4.4B

P/E (TTM)13.2

P/B2.2

Volume1.71M

Websitewww.1firstbank.com

Filings tracked5

About First BanCorp

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers. It operates through six segments: Mortgage Banking; Consumer (Retail) Banking; Commercial and Corporate Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; purchase of mortgage loans from branch and mortgage bankers; and origination of residential real estate loans. The Consumer (Retail) Banking segment is involved in consumer lending, commercial lending to small businesses, commercial transaction banking, and deposit-taking activities. The Commercial and Corporate Banking segment offers lending and other services, including commercial lending and commercial deposit-taking activities. The Treasury and Investments segment manages funding; and obtains funds through brokered deposits, advances from the FHLB, and repurchase agreements involving investment securities, among other funding sources. The United States Operations segment provides checking, savings, and money market accounts; retail CDs; internet banking services; residential mortgages; home equity loans and lines of credit; retail deposits; cash management services; remote data capture; automated clearing house transactions; and traditional commercial and industrial, and commercial real estate products, such as lines of credit, term loans, and construction loans. The Virgin Islands Operations segment focuses on consumer and commercial lending, and deposit-taking activities. The company also offers automobile financing and insurance agency services. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

Profile as reported by Yahoo Finance.

Who owns it

Insiders1.8%
Institutions98.2%
Public & other0.0%

426 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.14.80%
Vanguard Portfolio Management LLC8.41%
FMR, LLC6.25%
State Street Corporation5.45%
Dimensional Fund Advisors LP5.10%
Vanguard Capital Management LLC4.51%
American Century Companies Inc3.98%
First Trust Advisors LP3.14%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.28×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend32.6% → 34.5%

Margin has expanded by about 1.9 points — the business is getting more profitable.

Return on equity17.5%

Latest ROE of 17.5% — capital is generating a healthy return.

Growth qualityrev 4% · PAT 7%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $270.4M · EPS 0.56

Est. earnings growth -11.8%

Next fiscal year

Rev $1.1B · EPS 2.40

Est. earnings growth +6.8%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$19.1652-wk range$28.71

Delayed · as reported by Yahoo Finance

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$4.4B

Day change

+3.4%

P/E (TTM)

13.2

Fwd P/E

11.9

P/B

2.2

Div yield

2.75%

Beta

0.81

Revenue (FY2025)

$1.0B

Net margin

34.5%

ROE

17.5%

Revenue CAGR (2y)

+3.7%

Profit CAGR (2y)

+6.7%

EPS (FY2025)

2.15

Net profit (FY2025)

$344.9M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about FBP

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.0B	$344.9M	2.15	34.5%	17.5%
FY2024	$938.2M	$298.7M	1.81	31.8%	17.9%
FY2023	$929.8M	$302.9M	1.71	32.6%	20.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$258.6M	$88.8M	0.57	34.3%
2025Q3	$248.7M	$100.5M	0.63	40.4%
2025Q2	$246.8M	$80.2M	0.50	32.5%
2025Q1	$248.1M	$77.1M	0.47	31.1%
2024Q3	$234.6M	$73.7M	0.45	31.4%
2024Q2	$231.7M	$75.8M	0.46	32.7%
2024Q1	$230.5M	$73.5M	0.44	31.9%
2023Q3	$230.0M	$82.0M	0.46	35.7%
2023Q2	$236.1M	$70.7M	0.39	29.9%
2023Q1	$233.4M	$70.7M	0.39	30.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Completion of acquisition/disposition, Exhibits
SEC7/22/2026material
8-K/A — Executive/director change, Exhibits
SEC7/1/2026
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC5/12/2026material
10-Q filing
SEC5/8/2026
8-K — Results of operations, Exhibits
SEC4/22/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.