First Bancorp (FBP)

In the past six months, First BanCorp's stock price has been influenced by several events. In October 2025, the company reported diluted EPS of $0.51 for Q3 2025, exceeding expectations, and announced a stock repurchase program of up to $200 million. In December 2025, a quarterly dividend of $0.18 per share was declared. The company announced its Q4 2025 financial results would be released on January 27, 2026. In January 2026, the stock price crossed above its 200-day moving average. Over the last six months, the stock price has declined by -5.13%, and insider sentiment has been negative due to open-market selling from key executives.

First BanCorp experiences some demand seasonality in its product and service offerings. The company reported an increase in net income in the first quarter of 2025, partly attributed to seasonal contingent insurance commissions. The company has also observed normalizing consumer activity, particularly in auto sales, which saw a 7% year-to-date decrease, although this was disrupted by increased sales in Q2 2025 due to tariffs. Investment securities cash flows typically reprice in November and December. While near-term onshoring announcements have not yet significantly impacted Puerto Rico's economy, longer-term benefits are anticipated to bolster certain sectors after mid-2026.

First BanCorp (Puerto Rico) is a financial holding company operating in the regional banking industry, serving as the parent company for FirstBank Puerto Rico. Headquartered in San Juan, Puerto Rico, it offers a range of financial products and services, including commercial real estate and construction loans, residential mortgage loans, personal and auto loans, credit cards, lines of credit, retirement and deposit accounts, insurance, cash management, treasury services, equipment leasing, and investment management. The company operates through six segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, Virgin Islands Operations, and United States Operations.

First BanCorp has a geographic presence in Puerto Rico, the U.S. Virgin Islands, the British Virgin Islands, and Florida. As of April 2024, it operates 71 branches, with 54 in Puerto Rico, 9 in Florida, 7 in the U.S. Virgin Islands, and 1 in the British Virgin Islands.

In the past year, First BanCorp has focused on strategic initiatives and demonstrated strong financial performance. In January 2025, the company announced a strategic reorganization to enhance operational efficiency, improve customer experience, and drive business transformation, including executive changes. The company reported increased net income in Q1 2025 ($77.1 million), Q2 2025 ($80.2 million), and Q3 2025 ($100.5 million). First BanCorp emphasizes core values such as integrity, innovation, and customer focus, and is committed to community engagement, including financial inclusion and environmental initiatives. The company's financial health is considered strong, with consistent performance.

First BanCorp's ownership is a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion of the stock, ranging from approximately 9.96% to 77.12%. Insiders own about 2.29% of the stock, while public companies and individual investors hold between 20.59% and 34.06%. BlackRock, Inc. is a notable institutional holder with over 23 million shares. iShares is reported to own the largest number of shares. Other major institutional shareholders include Vanguard Fiduciary Trust Co., DFA Australia Ltd., American Century Cos., Inc., T. Rowe Price Integrated Equity Funds, Inc., and American Century Capital Portfolios, Inc.