📊 FBP Key Takeaways
Is First Bancorp /Pr/ (FBP) a Good Investment?
First Bancorp demonstrates strong revenue growth of 25.4% and robust free cash flow generation, but faces critical profitability challenges with flat net income growth despite significant top-line expansion. The interest coverage ratio of 0.8x—inability to cover interest expenses from operating income—combined with depressed ROE (4.5%) and ROA (0.5%) raise serious concerns about asset quality and earnings sustainability in the banking sector.
FIRST BANCORP /PR/ shows strong core profitability for a bank, with a 17.5% ROE, 1.8% ROA, 27.5% net margin, and robust operating cash generation. Revenue grew 25.4% year over year, but flat net income suggests some pressure from funding costs, credit costs, or operating mix, so the business looks fundamentally solid rather than flawless. Overall, the balance of high returns, low reported long-term debt, and strong free cash flow supports a positive fundamental view.
First Bancorp /Pr/ Key Strengths (FBP)
- Strong revenue growth of 25.4% YoY indicating market expansion
- Robust free cash flow generation of $115.9M with 44.8% FCF margin providing capital flexibility
- Conservative leverage with 0.10x debt-to-equity ratio and $550.9M cash position
- High operating and net margins (44.2% and 34.3%) demonstrate operational efficiency
- Low capital intensity with only $5.2M CapEx
- High profitability with 17.5% ROE, 1.8% ROA, and 27.5% net margin
- Strong revenue growth of 25.4% year over year with positive operating leverage
- Healthy balance sheet profile with low reported long-term debt and strong cash generation
FBP Stock Risks: First Bancorp /Pr/ Investment Risks
- Critical red flag: Interest coverage of 0.8x indicates inability to service debt from operating income—unsustainable for banks
- Net income flat YoY despite 25.4% revenue growth signals cost structure deterioration or deteriorating asset quality
- ROE 4.5% and ROA 0.5% significantly below banking sector benchmarks, indicating poor profitability generation
- EPS growth of 18.8% diverging from 0% net income growth—artificial growth from share buybacks masking fundamental weakness
- Concerning earnings quality given margin strength with declining absolute profitability growth
- Net income was flat despite strong revenue growth, which may indicate margin compression or rising costs
- Interest coverage of 2.9x is adequate but not especially strong if funding costs remain elevated
- As a bank, earnings quality depends heavily on credit performance and deposit/funding stability, which are not fully visible in the provided data
Key Metrics to Watch
- Interest coverage ratio trend—must improve above 1.0x to indicate sustainable debt servicing
- Non-performing loan ratio and charge-off trends—primary driver of net income deterioration
- ROE and ROA progression toward 10%+ and 1%+ respectively as banking sector norms
- Net income growth rate—must match or approach revenue growth sustainability
- Net interest margin and provision for credit losses
- Deposit costs, nonperforming assets, and capital ratios
First Bancorp /Pr/ (FBP) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 44.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
FBP Profit Margin, ROE & Profitability Analysis
FBP vs Finance Sector: How First Bancorp /Pr/ Compares
How First Bancorp /Pr/ compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is First Bancorp /Pr/ Stock Overvalued? FBP Valuation Analysis 2026
Based on fundamental analysis, First Bancorp /Pr/ has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
First Bancorp /Pr/ Balance Sheet: FBP Debt, Cash & Liquidity
FBP Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: First Bancorp /Pr/'s revenue has grown significantly by 18% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.71 reflects profitable operations.
FBP Revenue Growth, EPS Growth & YoY Performance
FBP Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $248.1M | $77.1M | $0.47 |
| Q3 2025 | $234.6M | $73.7M | $0.45 |
| Q2 2025 | $231.7M | $75.8M | $0.46 |
| Q1 2025 | $230.5M | $73.5M | $0.44 |
| Q3 2024 | $230.0M | $73.7M | $0.45 |
| Q2 2024 | $231.7M | $70.7M | $0.39 |
| Q1 2024 | $230.5M | $70.7M | $0.39 |
| Q3 2023 | $230.0M | $74.6M | $0.40 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
First Bancorp /Pr/ Dividends, Buybacks & Capital Allocation
FBP SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for First Bancorp /Pr/ (CIK: 0001057706)
📋 Recent SEC Filings
❓ Frequently Asked Questions about FBP
What is the AI rating for FBP?
First Bancorp /Pr/ (FBP) has a Combined AI Grade of A from Claude (B) and ChatGPT (A) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are FBP's key strengths?
Claude: Strong revenue growth of 25.4% YoY indicating market expansion. Robust free cash flow generation of $115.9M with 44.8% FCF margin providing capital flexibility. ChatGPT: High profitability with 17.5% ROE, 1.8% ROA, and 27.5% net margin. Strong revenue growth of 25.4% year over year with positive operating leverage.
What are the risks of investing in FBP?
Claude: Critical red flag: Interest coverage of 0.8x indicates inability to service debt from operating income—unsustainable for banks. Net income flat YoY despite 25.4% revenue growth signals cost structure deterioration or deteriorating asset quality. ChatGPT: Net income was flat despite strong revenue growth, which may indicate margin compression or rising costs. Interest coverage of 2.9x is adequate but not especially strong if funding costs remain elevated.
What is FBP's revenue and growth?
First Bancorp /Pr/ reported revenue of $258.6M.
Does FBP pay dividends?
First Bancorp /Pr/ pays dividends, with $32.1M distributed to shareholders in the trailing twelve months.
Where can I find FBP SEC filings?
Official SEC filings for First Bancorp /Pr/ (CIK: 0001057706) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FBP's EPS?
First Bancorp /Pr/ has a diluted EPS of $0.57.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is FBP's fundamental grade?
Based on our AI fundamental analysis in June 2026, First Bancorp /Pr/ has a A grade with 76% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is FBP stock overvalued or undervalued?
Valuation metrics for FBP: ROE of 4.5% (sector avg: 12%), net margin of 34.3% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
What is FBP's AI grade for 2026?
Our dual AI analysis gives First Bancorp /Pr/ a combined A grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is FBP's free cash flow?
First Bancorp /Pr/'s operating cash flow is $121.1M, with capital expenditures of $5.2M. FCF margin is 44.8%.
How does FBP compare to other Finance stocks?
Vs Finance sector averages: Net margin 34.3% (avg: 25%), ROE 4.5% (avg: 12%), current ratio N/A (avg: 1.2).