First BanCorp
Provides commercial, consumer, auto, and mortgage banking across Puerto Rico, Florida, and the Virgin Islands.
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Profile
Operates FirstBank Puerto Rico across Puerto Rico, southern Florida, and the U.S. and British Virgin Islands, earning mainly from deposit-funded commercial, consumer, auto, and mortgage lending plus card, transaction, and insurance fees. Most loan exposure remains in Puerto Rico, linking results closely to the island’s credit and deposit conditions.
Operates FirstBank Puerto Rico and FirstBank Insurance Agency across Puerto Rico, southern Florida, and the U.S. and British Virgin Islands. Six reporting segments cover Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.
Builds the franchise around deposits and lending relationships spanning commercial and real estate credit, auto and personal loans, residential mortgages, cards, cash management, and insurance agency services. Branch and digital channels gather deposits, while net interest income provides the core earnings stream and transaction, card, mortgage, and other fees add noninterest revenue.
Most loan exposure remains in Puerto Rico, with smaller books centered on southern Florida and the Virgin Islands. Results depend on local credit quality, customer deposits, wholesale funding access, and compliance with U.S., Puerto Rico, Florida, and Virgin Islands banking rules.
Company facts
Categories
Key statistics
Year to date +34.1% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Wells Fargo | Reiterate | Overweight | $28 | $33 | |
| Jul 14, 2026 | Benchmark | Initiate | Buy | |||
| Jul 13, 2026 | Truist Financial | Target | $26 | $30 | ||
| Jul 6, 2026 | Wells Fargo | Reiterate | Overweight | $23 | $28 | |
| Jul 1, 2026 | Raymond James | Reiterate | Strong Buy | $32 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.54 | $0.62 | +14.4% | $265.3M | $264.9M | −0.2% | −0.03% |
| Apr 22, 2026Q1 FY26 | $0.52 | $0.57 | +9.6% | $258.7M | $258.6M | 0.0% | +2.79% |
| Jan 27, 2026Q4 FY25 | $0.52 | $0.55 | +5.8% | $257.1M | $257.2M | 0.0% | −0.45% |
| Oct 23, 2025Q3 FY25 | $0.49 | $0.51 | +4.8% | $255.6M | $239.7M | −6.2% | +1.85% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $308.8M | $302.1M | $304.5M | $320.4M | $318.5M | $324.3M | |
| Gross profit | $219.3M | $219.1M | $222.2M | $235.0M | $242.3M | $248.4M | |
| Operating income | $100.3M | $102.9M | $106.2M | $107.3M | $114.3M | $120.2M | |
| Net income | $77.1M | $80.2M | $100.5M | $87.1M | $88.8M | $96.2M | |
| Diluted EPS | $0.47 | $0.50 | $0.63 | $0.55 | $0.57 | $0.62 | |
| Gross margin | 71.0% | 72.5% | 73.0% | 73.4% | 76.1% | 76.6% | |
| Operating margin | 32.5% | 34.1% | 34.9% | 33.5% | 35.9% | 37.1% |
Fiscal years (4-quarter sums)FY21 $890.7M · FY22 $953.2M · FY23 $1.12B · FY24 $1.19B · FY25 $1.24B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $559.6M · Total debt $200.0M · Total assets $19.24B · Shareholders' equity $1.98B
Dividends
Raised for 7 straight years — most recently to $0.20 from $0.18 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 27, 2026 | Aug 27 | Sep 11 | $0.20 | |
| May 28, 2026 | May 28 | Jun 12 | $0.20 | |
| Feb 26, 2026 | Feb 26 | Mar 13 | $0.20 | raised from $0.18 |
| Nov 28, 2025 | Nov 28 | Dec 12 | $0.18 | |
| Aug 28, 2025 | Aug 28 | Sep 12 | $0.18 | |
| May 29, 2025 | May 29 | Jun 13 | $0.18 | |
| Feb 21, 2025 | Feb 21 | Mar 7 | $0.18 | raised from $0.16 |
| Nov 29, 2024 | Nov 29 | Dec 13 | $0.16 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 152.67M · Float 147.74M · 96.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 22.76M | 14.90% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 12.35M | 8.09% | 13F | Aug 13, 2026 |
| State Street Corp | 9.00M | 5.90% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 7.92M | 5.19% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 6.95M | 4.55% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Nayda Rivera | officer: EVP, CCO and Chief of Staff | −10,000 | $28.19 |
| Aug 17, 2026 | Nayda Rivera | officer: EVP, CCO and Chief of Staff | −10,000 | $29.59 |
| Jun 5, 2026 | Lilian Diaz-Bento | officer: EVP | −8,000 | $24.33 |
| Feb 11, 2026 | Roberto R. Herencia | director | −4,723 | $22.63 |
| Jan 28, 2026 | Michael McDonald | officer: EVP | −34,122 | $22.11 |
Peers
- Popular
Largest Puerto Rico bank across retail, mortgage, commercial, and auto
- OFG Bancorp
Direct Puerto Rico and USVI overlap in loans, deposits, and wealth
- BankUnited
South Florida commercial-bank overlap in deposits and lending
- Amerant Bancorp
South Florida relationship-bank overlap in deposits, credit, and wealth
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First BanCorp | $28.01 | −0.04% | $4.28B | 11.8 | 11.5 | 3.4 | +755.8% |
| Popular | $169.75 | +0.04% | $10.84B | 11.5 | 10.4 | 2.4 | +14.7% |
| OFG Bancorp | $52.43 | −0.02% | $2.22B | 10.5 | 10.6 | 2.5 | +13.3% |
| BankUnited | $46.39 | −0.01% | $3.37B | 13.0 | 10.9 | 1.8 | +3.9% |
| Amerant Bancorp | $28.84 | −0.05% | $1.13B | 20.8 | 11.3 | 2.0 | −7.2% |
| Median | 12.2 | 10.7 | 2.2 | +8.6% |