First Bancorp (FBP)

In the past six months, First BanCorp's stock has been impacted by several key events. In Q3 2025, the company reported an increase in net income, a rise in net interest income and margin, loan growth, and initiated a new share repurchase program. Q4 2025 saw strong financial results, with net income surpassing expectations and total revenues exceeding $1.0 billion for the year. In January 2026, the company increased its quarterly cash dividend by 11% to $0.20 per share. In February 2026, CFO Orlando Berges announced his retirement, effective June 30, 2026, and Said Ortiz was appointed as his successor. In Q1 2026, First BanCorp announced a net income of $88.8 million, or $0.57 diluted EPS, exceeding previous quarters and analyst expectations. The net interest income for Q1 2026 was $221.0 million, with a net interest margin of 4.75%. The company also reported continued growth in core customer deposits and further stock repurchases. Over the last six months, FBP's stock price decreased by 5.03%, although it rose by 8.76% over the last 12 months as of April 2026. Analysts have also raised price targets for the stock.

No specific information regarding demand seasonality for First BanCorp's products and services was found in the provided search results.

First BanCorp (Puerto Rico) is a financial holding company offering personal, commercial, and corporate banking services through FirstBank Puerto Rico and FirstBank Insurance Agency, Inc. The company operates in the Financial Services sector, specifically in the Regional Banks industry. Its services include mortgage, consumer, commercial, and corporate banking, treasury and investments, deposit accounts, home loans, consumer and business lending, automobile financing, and insurance services. The Consumer Banking segment is a significant revenue generator through consumer lending and deposit-taking activities.

First BanCorp's operations are primarily concentrated in Puerto Rico, where its headquarters are located. The company also has a significant presence in Florida, the U.S. Virgin Islands, and the British Virgin Islands. As of December 2025, First BanCorp and FirstBank Puerto Rico operated 154 branches, stand-alone offices, and in-branch service centers across these regions.

Based on the available information, there were no specific events negatively impacting First BanCorp's brand reputation in the past year. The company emphasizes its commitment to investing in its employees, supporting the communities it serves, and providing an outstanding customer experience.

First BanCorp's ownership is predominantly held by institutional investors, including BlackRock, Inc., The Vanguard Group, Inc., FMR LLC, State Street Global Advisors, Inc., and Dimensional Fund Advisors LP. Insiders hold a low-single-digit aggregate ownership, with executives holding incentive equity. Additionally, local retail investors in Puerto Rico maintain a meaningful non-controlling stake.