Last $5.83 USD
Change Today -0.01 / -0.17%
Volume 235.5K
FBP On Other Exchanges
Symbol
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New York
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

first bancorp puerto rico (FBP) Snapshot

Open
$5.87
Previous Close
$5.84
Day High
$5.89
Day Low
$5.80
52 Week High
01/2/14 - $6.21
52 Week Low
02/5/14 - $4.36
Market Cap
1.2B
Average Volume 10 Days
1.1M
EPS TTM
$0.38
Shares Outstanding
213.0M
EX-Date
07/30/09
P/E TM
15.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST BANCORP PUERTO RICO (FBP)

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first bancorp puerto rico (FBP) Details

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. Its Consumer (Retail) Banking segment provides various loans, including auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit, as well as engages in the finance leases and insurance activities. The company’s 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, as well as is involved in the broker-dealer activities, such as the underwriting of bonds and financial advisory services provided to government entities. Its Mortgage Banking segment engages in the origination, sale, and servicing of residential mortgage loans; acquisition and sale of mortgages in the secondary markets; and provision of mortgage loans purchased from other local banks and mortgage bankers. The company’s Treasury and Investments segment engages in the investment portfolio and treasury activities, such as funding and liquidity management. Its United States Operations segment offers retail and commercial banking products and services, including loans and deposit products, as well as Internet banking services, cash management services, remote data capture, and automated clearing house transactions. The company’s Virgin Islands Operations segment offers various loans and deposit products. As of March 26, 2013, it operated a total of 154 branches, stand-alone offices, and in-branch service centers in Puerto Rico, the U.S. and British Virgin Islands, and Florida. First BanCorp. was founded in 1948 and is headquartered in Santurce, Puerto Rico.

2,458 Employees
Last Reported Date: 03/17/14
Founded in 1948

first bancorp puerto rico (FBP) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $851.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $601.3K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $551.3K
Executive Vice President and Business Group D...
Total Annual Compensation: $496.0K
Executive Vice President of Florida Region an...
Total Annual Compensation: $487.3K
Compensation as of Fiscal Year 2013.

first bancorp puerto rico (FBP) Key Developments

First Bancorp Announces Earnings Results for the Third Quarter Ended September 30, 2014; Announces Net Charge Offs for the Third Quarter Ended September 30, 2014

First Bancorp announced earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported net interest income of $127.7 million against $129.9 million a year ago. Net income was $127.2 million against $130.9 million a year ago. Pre tax net income was $23.3 million against $19.6 million a year ago. Adjusted pre tax pre provisions earnings were $50.8 million against $50.9 million a year ago. Basic earnings per share were $0.11 against $0.08 a year ago. Tangible book value per common share was $5.81 against $5.32 a year ago. Income before income tax was $23,264,000 against $19,616,000 a year ago. Adjusted pre tax, pre provision income was $50,750,000 against $50,871,000 a year ago. Net income was $23.2 million, or $0.11 per diluted share, up 9% compared to $21.2 million in second quarter of 2014. Book value per common share was  $6.05 compared to $5.97 in second quarter of 2014 and $5.59 in third quarter of 2013. Book value per common share was $6.05 against $5.59 a year ago. Tangible book value per common share was $5.81 against $5.32 a year ago. For the quarter, the company reported net charge-offs of $42.7 million, including $16.0 million charge-off related to two collateral dependent commercial and industrial relationships in Puerto Rico.

First Bancorp Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

First Bancorp Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

First Bancorp Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-Offs for the Quarter Ended September 30, 2014

First Bancorp reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $127,694,000 against $130,905,000 a year ago. Income before income taxes was $23,265,000 against $19,616,000 a year ago. Net income attributable to common stockholders was $23,201,000 against $15,940,000 a year ago. Basic and diluted earnings per share were $0.11 against $0.08 a year ago. Book value per common share was $6.05 against $5.59 a year ago. Tangible book value per common share was $5.81 against $5.32 a year ago. Return on average assets was 0.73% against 0.50% a year ago. Return on average total equity was 7.01% against 5.19% a year ago. The third quarter was highlighted by increased origination activity in commercial and residential loans and over $105 million in core deposit growth. For the nine months, the company reported net interest income of $388,921,000 against $382,286,000 a year ago. Income before income taxes was $62,184,000 against loss before income taxes of $174,957,000 a year ago. Net income attributable to common stockholders was $63,168,000 against net loss attributable to common stockholders of $179,276,000 a year ago. Basic and diluted earnings per share were $0.30 against basic and diluted loss per share of $0.87 a year ago. Book value per common share was $6.05 against $5.59 a year ago. Tangible book value per common share was $5.81 against $5.32 a year ago. Return on average assets was 0.65% against loss on average assets of 1.86 % a year ago. Return on average total equity was 6.43% against loss on average total equity of 17.65% a year ago. For the quarter, the company reported net charge-offs of $42,742,000 against $33,863,000 a year ago.

 

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Industry Analysis

FBP

Industry Average

Valuation FBP Industry Range
Price/Earnings 15.6x
Price/Sales 2.6x
Price/Book 1.0x
Price/Cash Flow 16.3x
TEV/Sales NM Not Meaningful
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