Financials First BanCorp.

Equities

FBP

PR3186727065

Banks

Market Closed - Nyse 21:00:02 26/04/2024 BST 5-day change 1st Jan Change
17.24 USD -1.93% Intraday chart for First BanCorp. +1.95% +4.80%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,295 2,000 2,817 2,336 2,824 2,859 -
Enterprise Value (EV) 1 2,295 2,000 2,817 2,336 2,824 2,859 2,859
P/E ratio 13.9 x 20 x 10.5 x 8 x 9.62 x 10.3 x 9.36 x
Yield 1.32% 2.17% 2.25% 3.62% 3.4% 3.6% 3.69%
Capitalization / Revenue 3.49 x 2.81 x 3.31 x 2.54 x 3.04 x 3.02 x 2.87 x
EV / Revenue 3.49 x 2.81 x 3.31 x 2.54 x 3.04 x 3.02 x 2.87 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.05 x 0.9 x 1.32 x 1.75 x 1.86 x 1.77 x 1.55 x
Nbr of stocks (in thousands) 216,713 216,914 204,440 183,665 171,656 165,817 -
Reference price 2 10.59 9.220 13.78 12.72 16.45 17.24 17.24
Announcement Date 28/01/20 29/01/21 26/01/22 27/01/23 24/01/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 657.7 711.5 851.1 918.4 929.8 945.7 994.8
EBITDA - - - - - - -
EBIT 1 284.3 299.8 391.5 475.3 459.5 457.3 485.2
Operating Margin 43.24% 42.13% 46% 51.75% 49.42% 48.35% 48.78%
Earnings before Tax (EBT) 1 239.4 116.3 427.8 447.6 397.4 367.3 383.3
Net income 1 164.7 99.6 277.3 305.1 302.9 275.7 284
Net margin 25.04% 14% 32.59% 33.22% 32.57% 29.15% 28.55%
EPS 2 0.7600 0.4600 1.310 1.590 1.710 1.678 1.842
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.1400 0.2000 0.3100 0.4600 0.5600 0.6200 0.6360
Announcement Date 28/01/20 29/01/21 26/01/22 27/01/23 24/01/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 214.7 214.5 218.5 227.1 237.6 235.2 233.4 236.1 230 230.3 230.5 233.2 238.6 241 242.8
EBITDA - - - - - - - - - - - - - - -
EBIT 1 103.6 104.9 111.8 118.8 122.4 122.2 118.1 118 113.4 110 110.5 111.5 115.8 117.8 117.8
Operating Margin 48.24% 48.9% 51.18% 52.31% 51.52% 51.98% 50.61% 49.97% 49.29% 47.76% 47.95% 47.83% 48.54% 48.87% 48.5%
Earnings before Tax (EBT) 1 112.7 115.3 125.6 108.8 106.6 106.5 102.6 100.9 109 84.87 97.41 87.89 91.36 92.34 92.58
Net income 1 75.01 71.96 82.6 74.7 74.6 73.17 70.7 70.66 82.02 79.49 73.46 65.55 68.13 68.56 67.82
Net margin 34.94% 33.54% 37.81% 32.89% 31.4% 31.11% 30.29% 29.93% 35.66% 34.52% 31.87% 28.11% 28.56% 28.44% 27.92%
EPS 2 0.3600 0.3500 0.4100 0.3800 0.4000 0.4000 0.3900 0.3900 0.4600 0.4600 0.4400 0.3968 0.4174 0.4406 0.4267
Dividend per Share 2 0.0700 0.1000 0.1000 0.1200 0.1200 0.1200 0.1400 0.1400 0.1400 0.1400 0.1367 0.1533 0.1533 0.1533 0.1700
Announcement Date 25/10/21 26/01/22 28/04/22 22/07/22 25/10/22 27/01/23 25/04/23 27/07/23 20/10/23 24/01/24 23/04/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 7.88% 4.54% 12.6% 18.7% 21.9% 19.2% 17.9%
ROA (Net income/ Total Assets) 1.34% 0.67% 1.38% 1.57% 1.62% 1.44% 1.45%
Assets 1 12,291 14,865 20,097 19,431 18,695 19,110 19,586
Book Value Per Share 2 10.10 10.30 10.40 7.250 8.850 9.750 11.20
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 28/01/20 29/01/21 26/01/22 27/01/23 24/01/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
17.24 USD
Average target price
20.2 USD
Spread / Average Target
+17.17%
Consensus
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