Last $4.88 USD
Change Today -0.13 / -2.59%
Volume 800.3K
FBP On Other Exchanges
Symbol
Exchange
New York
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As of 4:15 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

first bancorp puerto rico (FBP) Snapshot

Open
$5.00
Previous Close
$5.01
Day High
$5.03
Day Low
$4.88
52 Week High
11/27/13 - $6.56
52 Week Low
02/5/14 - $4.36
Market Cap
1.0B
Average Volume 10 Days
626.5K
EPS TTM
$0.35
Shares Outstanding
212.8M
EX-Date
07/30/09
P/E TM
14.1x
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 E...
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. and FirstBank Puerto Rico to Elect Juan Acosta Reboyras as Director

On August 28, 2014, the Board of Directors of First BanCorp. (the corporation) and FirstBank Puerto Rico, the corporation's wholly owned subsidiary bank, determined to elect Mr. Juan Acosta Reboyras to serve as a director on the corporation’s and the bank's Board of Directors. Mr. Acosta Reboyras’ term as a director of the bank was effective as of August 28, 2014 and his term as a director of the corporation will be effective as soon as possible after the fulfillment of the prior notice requirements of 12 U.S.C. § 1831i and Subpart H of Regulation Y promulgated by the Board of Governors of the Federal Reserve System. Mr. Acosta Reboyras is the co-founder of Acosta & Ramírez LLP.

First Bancorp Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Quarter Ended June 30, 2014

First Bancorp reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $129,907,000 against $126,888,000 a year ago. Income before income taxes was $20,949,000 against loss before income taxes of $123,562,000 a year ago. Net income attributable to common stockholders was $22,505,000 against net loss attributable to common stockholders of $122,583,000 a year ago. Basic and diluted earnings per share were $0.11 against basic and diluted loss per share of $0.60 a year ago. Return on average assets was 0.67% against negative return on average assets of 3.80% a year ago. Return on average total equity was 6.66% against negative return of 35.65% a year ago. Return on average common equity was 6.95% against negative return of 37.36% a year ago. For the six months, the company reported net interest income of $261,227,000 against $251,381,000 a year ago. Income before income taxes was $38,919,000 against loss before income taxes of $194,573,000 a year ago. Net income attributable to common stockholders was $39,967,000 against net loss attributable to common stockholders of $195,216,000 a year ago. Basic and diluted earnings per share were $0.19 against basic and diluted loss per share of $0.95 a year ago. Book value per common share was $5.97 against $5.60 a year ago. Tangible book value per common share was $5.72 against $5.32 a year ago. Return on average assets was 0.61% against negative return on average assets of 3.03% a year ago. Return on average total equity was 6.12% against negative return of 27.51% a year ago. Return on average common equity was 6.41% against negative return of 28.78% a year ago. For the quarter, the company reported net charge-offs of $52,345,000 against $128,948,000 a year ago.

First Bancorp to Report Q2, 2014 Results on Jul 29, 2014

First Bancorp announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 29, 2014

 

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Industry Analysis

FBP

Industry Average

Valuation FBP Industry Range
Price/Earnings 14.7x
Price/Sales 2.2x
Price/Book 0.8x
Price/Cash Flow 15.4x
TEV/Sales NM Not Meaningful
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