Last $5.32 USD
Change Today +0.27 / 5.35%
Volume 762.4K
FBP On Other Exchanges
Symbol
Exchange
New York
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Frankfurt
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

first bancorp puerto rico (FBP) Snapshot

Open
$5.05
Previous Close
$5.05
Day High
$5.33
Day Low
$4.99
52 Week High
07/23/13 - $8.70
52 Week Low
02/5/14 - $4.36
Market Cap
1.1B
Average Volume 10 Days
604.1K
EPS TTM
$-0.58
Shares Outstanding
209.0M
EX-Date
07/30/09
P/E TM
--
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; deposit products, such as interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit; and offers finance leases and insurance services. The company’s Commercial and Corporate Banking segment provides commercial loans, including commercial real estate and construction loans, and floor plan financings; and other products comprising 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 is involved 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 is engaged 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. It operates through its main office in San Juan, Puerto Rico and 47 full service banking branches in Puerto Rico; 10 branches in the U.S. Virgin Islands and the British Virgin Islands; and 10 branches in 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: $825.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $601.2K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $589.5K
Executive Vice President and Business Group E...
Total Annual Compensation: $496.0K
Executive Vice President of Florida Region an...
Total Annual Compensation: $448.1K
Compensation as of Fiscal Year 2012.

first bancorp puerto rico (FBP) Key Developments

First Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Reports Unaudited Consolidated Net Charge-Offs for the Fourth Quarter Ended December 31, 2013

First Bancorp reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company’s net interest income was $132,659,000 against $125,631,000 a year ago. Net interest income after provision for loan and lease losses was $109,690,000 against $95,165,000 a year ago. Income before income taxes was $15,634,000 against $16,028,000 a year ago. Net income was $14,789,000 against $14,535,000 a year ago. Net income attributable to common stockholders was $14,789,000 or $0.07 basic and diluted per share against $14,535,000 or $0.07 basic and diluted per share a year ago. Return on average assets was 0.46% against 0.44% a year ago. Return on average total equity was 4.75% against 3.89% a year ago. Return on average common equity was 5.01% against 4.06% a year ago. For the year, the company’s net interest income was $514,945,000 against $461,705,000 a year ago. Net interest income after provision for loan and lease losses was $271,194,000 against $341,206,000 a year ago. Loss before income taxes was $159,323,000 against income of $35,714,000 a year ago. Net loss was $164,487,000 against income of $29,782,000 a year ago. Net loss attributable to common stockholders was $164,487,000 or $0.80 basic and diluted per share against income of $29,782,000 or $0.14 diluted per share a year ago. Book value per common share was $5.57 against $6.89 a year ago. Tangible book value per common share was $5.30 against $6.60 a year ago. Negative return on average assets was 1.28% against return of 0.23% a year ago. Negative return on average total equity was 12.39% against return of 2.04% a year ago. Negative return on average common equity was 13.01% against return of 2.14% a year ago. For the quarter, the company's net charge-offs of $26.5 million, a decrease of $7.4 million or 21%, compared to $33.9 million in the third quarter of 2013. The net charge-offs to average loans ratio decreased to 1.10% from 1.41% in the third quarter of 2013, the lowest level since the first quarter of 2009.

First Bancorp to Report Q4, 2013 Results on Feb 03, 2014

First Bancorp announced that they will report Q4, 2013 results at 5:00 PM, Eastern Standard Time on Feb 03, 2014

First Bancorp, Q4 2013 Earnings Call, Feb 04, 2014

First Bancorp, Q4 2013 Earnings Call, Feb 04, 2014

 

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Valuation FBP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.4x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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