First BanCorp (FBP): 3 Reasons We Love This StockFirst BanCorp currently trades at $22.50 and has been a dream stock for shareholders. It’s returned 298% since July 2020, more than tripling the S&P 500’s 94.1% gain. The company has also beaten the index over the past six months as its stock price is up 15.7% thanks to its solid quarterly results.
Q1 Rundown: First BanCorp (NYSE:FBP) Vs Other Regional Banks StocksAs the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the regional banks industry, including First BanCorp (
NYSE:FBP) and its peers.
FBP Q1 Deep Dive: Margin Expansion and Capital Deployment Amid Deposit StabilityPuerto Rican financial institution First BanCorp (
NYSE:FBP) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 7.6% year on year to $248.1 million. Its non-GAAP profit of $0.47 per share was 10% above analysts’ consensus estimates.
3 Reasons We Love First BanCorp (FBP)First BanCorp currently trades at $19.59 and has been a dream stock for shareholders. It’s returned 263% since June 2020, nearly tripling the S&P 500’s 90.4% gain. The company has also beaten the index over the past six months as its stock price is up 5.2% thanks to its solid quarterly results.
1 Cash-Heavy Stock to Target This Week and 2 to AvoidA cash-heavy balance sheet is often a sign of strength, but not always.
Some companies avoid debt because they have weak business models, limited expansion opportunities, or inconsistent cash flow.
First BanCorp to Announce 2Q 2025 Results on July 22, 2025
First BanCorp (the “Corporation”) (
NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the second quarter ended June 30, 2025, before the market opens on July 22, 2025.
First BanCorp. Declares Quarterly Cash Dividend on Common Stock
First BanCorp. (the “Corporation”) (
NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on June 13, 2025 to shareholders of record at the close of business on May 29, 2025.
First BanCorp. Announces Earnings for the Quarter Ended March 31, 2025
First BanCorp. (the “Corporation” or “First BanCorp.”) (
NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $77.1 million, or $0.47 per diluted share, for the first quarter of 2025, compared to $75.7 million, or $0.46 per diluted share, for the fourth quarter of 2024, and $73.5 million, or $0.44 per diluted share, for the first quarter of 2024.
First BanCorp to Announce 1Q 2025 Results on April 24, 2025
First BanCorp (the “Corporation”) (
NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the first quarter ended March 31, 2025, before the market opens on April 24, 2025.
First BanCorp Announces Strategic Reorganization
First BanCorp. (the “Corporation”) (
NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today a strategic reorganization aligned with its corporate succession plan aimed at improving operational efficiency, enhancing customer experience, and driving business transformation to align resources for future growth and success.
First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2024
First BanCorp. (the “Corporation” or “First BanCorp.”) (
NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $75.7 million, or $0.46 per diluted share, for the fourth quarter of 2024, compared to $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, and $79.5 million, or $0.46 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Corporation reported a net income of $298.7 million, or $1.81 per diluted share, compared to $302.9 million, or $1.71 per diluted share, for the year ended December 31, 2023.
First BanCorp Announces a 13% Increase in Quarterly Cash Dividend on Common Stock to $0.18 Per Share
First BanCorp. (the “Corporation”) (
NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share, which represents an increase of 13% or $0.02 per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025.
First BanCorp to Announce 4Q 2024 Results on January 23, 2025
First BanCorp (the “Corporation”) (
NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the fourth quarter ended December 31, 2024, before the market opens on January 23, 2025.
