First Ban Corp - Understand $fbp stock

$FBP Market Cap: $3.492 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$696.7M

TTM

Gross Margin

Net Earnings

$302.5M

TTM

Current Assets

Current Liabilities

$199.2M

Q3 2024

Current Ratio

Total Assets

$18.86B

Q3 2024

Total Liabilities

$17.16B

Q3 2024

Book Value

$1.701B

Q3 2024

Cash

$685.4M

Q3 2024

P/E

11.54

Nov 13, 2024 EST

Free Cash Flow

$260.1M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Revenue	$1.156B	$985.7M	$915.9M	$804.2M	$766.5M	$707.3M	$650.8M	$673.2M	$686.9M	$695.3M	$630.3M	$687.2M	$767.6M	$950.6M
YoY Change	17.29%	7.62%	13.88%	4.92%	8.37%	8.68%	-3.33%	-1.99%	-1.21%	10.31%	-8.28%	-10.48%	-19.25%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.156B	$985.7M	$915.9M	$804.2M	$766.5M	$707.3M	$650.8M	$673.2M	$686.9M	$695.3M	$630.3M	$687.2M	$767.6M	$950.6M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$8.561M	$8.723M	$9.387M	$8.437M	$6.891M	$6.372M	$6.148M	$6.759M	$7.726M	$7.766M	$7.401M	$7.085M	$7.117M	$7.979M
YoY Change	-1.86%	-7.07%	11.26%	22.44%	8.15%	3.64%	-9.04%	-12.52%	-0.52%	4.93%	4.46%	-0.45%	-10.8%
% of Gross Profit
Depreciation & Amortization	$28.24M	$31.11M	$36.40M	$26.00M	$20.70M	$18.60M	$20.80M	$22.50M	$26.20M	$25.90M	$30.10M	$27.50M	$26.90M	$23.50M	$28.20M	$22.80M	$21.00M	$20.20M	$19.10M	$16.30M	$16.20M	$12.90M	$10.70M	$9.000M	$7.800M	$7.800M	$7.300M	$6.200M	$4.600M	$3.900M	$3.500M	$3.000M	$4.100M	$4.100M	$3.100M
YoY Change	-9.22%	-14.55%	40.0%	25.6%	11.29%	-10.58%	-7.56%	-14.12%	1.16%	-13.95%	9.45%	2.23%	14.47%	-16.67%	23.68%	8.57%	3.96%	5.76%	17.18%	0.62%	25.58%	20.56%	18.89%	15.38%	0.0%	6.85%	17.74%	34.78%	17.95%	11.43%	16.67%	-26.83%	0.0%	32.26%
% of Gross Profit
Operating Expenses	$8.561M	$8.723M	$9.387M	$8.437M	$6.891M	$6.372M	$6.148M	$6.759M	$7.726M	$7.766M	$7.401M	$7.085M	$7.117M	$7.979M
YoY Change	-1.86%	-7.07%	11.26%	22.44%	8.15%	3.64%	-9.04%	-12.52%	-0.52%	4.93%	4.46%	-0.45%	-10.8%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$226.4M	$67.32M	$64.78M	$92.66M	$108.8M	$99.58M	$96.87M	$101.2M	$103.3M	$115.9M	$130.8M	$176.1M	$266.1M	$371.0M
YoY Change	236.26%	3.92%	-30.09%	-14.85%	9.27%	2.8%	-4.25%	-2.06%	-10.85%	-11.44%	-25.69%	-33.83%	-28.28%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Pretax Income	$397.4M	$447.6M	$427.8M	$116.3M	$239.4M	$190.6M	$61.98M	$130.3M	$27.72M	$91.64M	-$48.58M	$142.3M	$15.86M	-$341.4M	-$270.7M	$78.20M	$89.70M	$112.1M	$129.6M	$223.8M	$138.2M	$168.2M	$107.2M	$82.00M	$69.40M	$56.60M	$55.70M	$49.90M	$63.40M	$43.40M	$28.50M	$18.20M	$12.90M	-$17.60M	$12.50M	$13.00M
YoY Change	-11.2%	4.62%	267.78%	-51.4%	25.56%	207.56%	-52.42%	369.98%	-69.75%	-288.64%	-134.14%	797.25%	-104.64%	26.14%	-446.16%	-12.82%	-19.98%	-13.5%	-42.09%	61.94%	-17.84%	56.9%	30.73%	18.16%	22.61%	1.62%	11.62%	-21.29%	46.08%	52.28%	56.59%	41.09%	-173.3%	-240.8%	-3.85%	-79.27%
Income Tax	$94.57M	$142.5M	$146.8M	$14.05M	$72.00M	-$10.97M	-$4.973M	$37.03M	$6.419M	-$300.6M	$5.164M	$5.932M	$9.322M	$103.1M	$4.500M	-$31.70M	$21.60M	$27.40M	$15.00M	$46.50M	$18.30M	$35.30M	$20.10M	$14.80M	$7.300M	$4.800M	$8.100M	$12.30M	$14.30M	$12.40M	$6.500M	$2.900M	$1.400M	$100.0K	$800.0K	$600.0K
% Of Pretax Income	23.8%	31.84%	34.31%	12.08%	30.08%	-5.75%	-8.02%	28.43%	23.16%	-328.08%		4.17%	58.78%			-40.54%	24.08%	24.44%	11.57%	20.78%	13.24%	20.99%	18.75%	18.05%	10.52%	8.48%	14.54%	24.65%	22.56%	28.57%	22.81%	15.93%	10.85%		6.4%	4.62%
Net Earnings	$302.9M	$305.1M	$281.0M	$102.3M	$167.4M	$201.6M	$66.96M	$93.23M	$21.30M	$392.3M	-$164.5M	$29.78M	-$82.23M	-$524.3M	-$275.2M	$109.9M	$68.10M	$84.60M	$114.6M	$177.3M	$119.9M	$132.9M	$86.00M	$67.30M	$62.10M	$51.80M	$47.50M	$37.60M	$49.10M	$30.60M	$28.80M	$14.50M	$10.20M	-$17.70M	$11.70M	$12.50M
YoY Change	-0.72%	8.56%	174.78%	-38.9%	-16.98%	201.11%	-28.18%	337.76%	-94.57%	-338.49%	-652.3%	-136.22%	-84.32%	90.52%	-350.41%	61.38%	-19.5%	-26.18%	-35.36%	47.87%	-9.78%	54.53%	27.79%	8.37%	19.88%	9.05%	26.33%	-23.42%	60.46%	6.25%	98.62%	42.16%	-157.63%	-251.28%	-6.4%	-80.06%
Net Earnings / Revenue	26.2%	30.95%	30.68%	12.72%	21.84%	28.5%	10.29%	13.85%	3.1%	56.42%	-26.1%	4.33%	-10.71%	-55.16%
Basic Earnings Per Share	$1.72	$1.60	$1.32	$0.46	$0.76	$0.92	$0.30	$0.44	$0.10	$1.89	-$0.80	$0.15	$2.69	-$10.79
Diluted Earnings Per Share	$1.71	$1.589M	$1.31	$0.46	$0.76	$0.92	$0.30	$0.43	$0.10	$1.87	-$0.80	$0.14	$2.18	-$10.79	-$44.39M	$17.73M	$11.74M	$15.38M	$20.84M	$32.24M	$21.80M	$24.61M	$15.93M	$12.46M	$10.71M	$8.633M	$7.917M	$6.065M	$7.919M	$4.935M	$4.364M	$2.132M	$1.700M	-$3.105M	$2.053M	$2.193M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$142.0M	$142.9M	$237.0M	$261.0M	$211.0M	$148.0M	$142.0M	$151.0M	$161.0M	$167.0M	$167.0M	$181.0M	$195.0M	$209.0M	$198.0M	$178.0M	$163.0M	$156.0M	$117.0M	$96.00M	$85.00M	$88.00M	$76.00M	$72.00M	$62.00M	$52.00M	$48.00M	$49.00M	$39.00M	$32.00M	$27.00M	$23.00M	$21.00M	$23.00M	$23.00M	$20.00M
YoY Change	-0.64%	-39.69%	-9.2%	23.7%	42.57%	4.23%	-5.96%	-6.21%	-3.59%	0.0%	-7.73%	-7.18%	-6.7%	5.56%	11.24%	9.2%	4.49%	33.33%	21.88%	12.94%	-3.41%	15.79%	5.56%	16.13%	19.23%	8.33%	-2.04%	25.64%	21.88%	18.52%	17.39%	9.52%	-8.7%	0.0%	15.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments										$0.00	$7.000M
YoY Change										-100.0%
Other Assets	$150.1M	$155.6M	$208.0M	$329.0M	$265.0M	$320.0M																	$44.00M	$43.00M	$55.00M	$22.00M	$10.00M
YoY Change	-3.51%	-25.2%	-36.78%	24.15%	-17.19%																		2.33%	-21.82%	150.0%	120.0%
Total Long-Term Assets
YoY Change
Total Assets	$18.91B	$18.63B	$20.79B	$18.79B	$12.61B	$12.24B	$12.26B	$11.92B	$12.57B	$12.73B	$12.66B	$13.10B	$13.13B	$15.59B	$19.63B	$19.49B	$17.19B	$17.39B	$19.92B	$15.64B	$12.68B	$9.644B	$8.198B	$5.920B	$4.722B	$4.017B	$3.327B	$2.822B	$2.433B	$2.175B	$1.914B	$1.889B	$1.898B	$1.908B	$1.928B	$1.819B
YoY Change
Accounts Payable	$194.3M	$231.6M	$121.0M	$170.0M	$116.0M	$129.0M	$146.0M	$118.0M	$158.0M	$115.0M	$125.0M	$110.0M	$153.0M	$163.0M	$145.0M	$149.0M	$270.0M	$494.0M	$506.0M	$219.0M	$199.0M	$113.0M	$71.00M	$68.00M	$55.00M	$39.00M	$34.00M	$37.00M	$43.00M	$23.00M	$46.00M	$41.00M	$35.00M	$41.00M	$50.00M	$37.00M
YoY Change	-16.12%	91.39%	-28.82%	46.55%	-10.08%	-11.64%	23.73%	-25.32%	37.39%	-8.0%	13.64%	-28.1%	-6.13%	12.41%	-2.68%	-44.81%	-45.34%	-2.37%	131.05%	10.05%	76.11%	59.15%	4.41%	23.64%	41.03%	14.71%	-8.11%	-13.95%	86.96%	-50.0%	12.2%	17.14%	-14.63%	-18.0%	35.14%
Accrued Expenses	$71.42M	$81.95M	$94.00M	$107.0M	$64.00M
YoY Change	-12.85%	-12.81%	-12.15%	67.19%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$75.13M	$300.0M	$300.0M	$100.0M	$150.0M	$300.0M	$300.0M	$700.0M	$900.0M	$900.0M	$900.0M	$1.000B	$1.400B	$3.077B	$3.421B	$3.095B	$3.919B	$5.066B	$4.442B	$3.639B	$2.794B	$2.997B	$1.856B	$1.605B	$1.710B	$1.201B	$590.0M	$424.0M	$347.0M	$270.0M	$274.0M	$212.0M	$240.0M	$221.0M	$283.0M
YoY Change	-100.0%	-74.96%	0.0%	200.0%	-33.33%	-50.0%	0.0%	-57.14%	-22.22%	0.0%	0.0%	-10.0%	-28.57%	-54.5%	-10.06%	10.53%	-21.03%	-22.64%	14.05%	22.07%	30.24%	-6.77%	61.48%	15.64%	-6.14%	42.38%	103.56%	39.15%	22.19%	28.52%	-1.46%	29.25%	-11.67%	8.6%	-21.91%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$194.3M	$231.6M	$215.0M	$277.0M	$180.0M	$129.0M	$146.0M	$118.0M	$158.0M	$115.0M	$125.0M	$110.0M	$153.0M	$163.0M	$145.0M	$149.0M	$270.0M	$494.0M	$506.0M	$219.0M	$199.0M	$113.0M	$71.00M	$68.00M	$55.00M	$39.00M	$34.00M	$37.00M	$43.00M	$23.00M	$46.00M	$41.00M	$35.00M	$41.00M	$50.00M	$37.00M
YoY Change	-16.12%	7.71%	-22.38%	53.89%	39.53%	-11.64%	23.73%	-25.32%	37.39%	-8.0%	13.64%	-28.1%	-6.13%	12.41%	-2.68%	-44.81%	-45.34%	-2.37%	131.05%	10.05%	76.11%	59.15%	4.41%	23.64%	41.03%	14.71%	-8.11%	-13.95%	86.96%	-50.0%	12.2%	17.14%	-14.63%	-18.0%	35.14%
Long-Term Debt	$161.7M	$183.8M	$184.0M	$184.0M	$184.0M	$184.0M	$209.0M	$216.0M	$226.0M	$232.0M	$232.0M	$232.0M	$255.0M	$258.0M	$259.0M	$255.0M	$262.0M	$183.0M	$179.0M	$261.0M	$82.00M	$83.00M	$84.00M	$146.0M	$149.0M	$218.0M	$232.0M	$286.0M	$247.0M	$155.0M	$86.00M	$108.0M	$152.0M	$187.0M	$226.0M	$259.0M
YoY Change	-12.01%	-0.13%	0.0%	0.0%	0.0%	-11.96%	-3.24%	-4.42%	-2.59%	0.0%	0.0%	-9.02%	-1.16%	-0.39%	1.57%	-2.67%	43.17%	2.23%	-31.42%	218.29%	-1.2%	-1.19%	-42.47%	-2.01%	-31.65%	-6.03%	-18.88%	15.79%	59.35%	80.23%	-20.37%	-28.95%	-18.72%	-17.26%	-12.74%
Other Long-Term Liabilities					$0.00	$1.000M	$0.00	$1.000M	$1.000M	$0.00	$4.000M
YoY Change					-100.0%		-100.0%	0.0%		-100.0%
Total Long-Term Liabilities	$161.7M	$183.8M	$184.0M	$184.0M	$184.0M	$185.0M	$209.0M	$217.0M	$227.0M	$232.0M	$236.0M	$232.0M	$255.0M	$258.0M	$259.0M	$255.0M	$262.0M	$183.0M	$179.0M	$261.0M	$82.00M	$83.00M	$84.00M	$146.0M	$149.0M	$218.0M	$232.0M	$286.0M	$247.0M	$155.0M	$86.00M	$108.0M	$152.0M	$187.0M	$226.0M	$259.0M
YoY Change	-12.01%	-0.13%	0.0%	0.0%	-0.54%	-11.48%	-3.69%	-4.41%	-2.16%	-1.69%	1.72%	-9.02%	-1.16%	-0.39%	1.57%	-2.67%	43.17%	2.23%	-31.42%	218.29%	-1.2%	-1.19%	-42.47%	-2.01%	-31.65%	-6.03%	-18.88%	15.79%	59.35%	80.23%	-20.37%	-28.95%	-18.72%	-17.26%	-12.74%
Total Liabilities	$17.41B	$17.31B	$18.68B	$16.52B	$10.38B	$10.20B	$10.39B	$10.14B	$10.88B	$11.06B	$11.44B	$11.62B	$11.68B	$14.54B	$18.03B	$17.94B	$15.77B	$16.16B	$18.72B	$14.43B	$11.61B	$8.845B	$7.595B	$5.485B	$4.427B	$3.747B	$3.091B	$2.631B	$2.262B	$2.055B	$1.821B	$1.800B	$1.824B	$1.844B	$1.845B	$1.743B
YoY Change	0.6%	-7.36%	13.11%	59.09%	1.8%	-1.86%	2.53%	-6.83%	-1.6%	-3.37%	-1.5%	-0.58%	-19.62%	-19.38%	0.48%	13.82%	-2.45%	-13.67%	29.7%	24.37%	31.2%	16.46%	38.47%	23.9%	18.15%	21.22%	17.48%	16.31%	10.07%	12.85%	1.17%	-1.32%	-1.08%	-0.05%	5.85%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	176.5M shares	190.8M shares	210.1K shares	216.9K shares	216.6K shares	215.7K shares	214.0K shares	212.8K shares	211.5M shares	208.8M shares	205.5M shares	205.4M shares	64.47M shares	11.31M shares
Diluted Shares Outstanding	177.2M shares	192.0M shares	211.3K shares	217.7K shares	217.1K shares	216.7K shares	216.1K shares	215.8K shares	213.0M shares	210.5M shares	205.5M shares	205.8M shares	89.66M shares	11.31M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.4921 Billion

About First BanCorp

First BanCorp (Puerto Rico) is a holding company, which engages in the provision of personal, commercial, and corporate banking services. is a financial holding company. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico (the Bank or FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). The company operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Mortgage Banking, which consists of the origination, sale, and servicing of a range of residential mortgage loan products and related hedging activities; Treasury and Investments, which consists of treasury and investment management functions; United States Operations, which consists of all banking activities conducted by FirstBank on the United States mainland, and Virgin Islands Operations, which consists of banking activities conducted by FirstBank in the United States Virgin Islands and British Virgin Islands, including retail and commercial banking services.

Industry: State Commercial Banks Peers: Popular Inc OFG Bancorp