A Look At First BanCorp (FBP) Valuation After Planned CFO Succession Announcement
First BanCorp (FBP) has announced the retirement of its long-serving CFO, Orlando Berges, with Said Ortiz stepping into the role by 2026. This leadership transition raises questions about continuity in financial policy for investors. The article examines First BanCorp's valuation, noting its share price of US$22.48, a 5-year total shareholder return of 140.06%, and analyst consensus pointing to a fair value of $24.00, suggesting it could be undervalued.
Is the Options Market Predicting a Spike in First BanCorp Stock?
The options market, specifically the March 20, 2026 $15 Put, suggests that investors are anticipating a significant move in First BanCorp (FBP) stock, as indicated by its high implied volatility. Despite this, analysts currently rate First BanCorp as a Zacks Rank #3 (Hold), with recent slight upward revisions in earnings estimates. This high implied volatility might present an opportunity for seasoned options traders to sell premium.
Public Sector Pension Investment Board Purchases 73,168 Shares of First BanCorp. $FBP
The Public Sector Pension Investment Board increased its stake in First BanCorp. (NYSE:FBP) by 11.7% in the third quarter, acquiring an additional 73,168 shares to hold a total of 697,827 shares valued at approximately $15.39 million. This purchase represents about 0.43% of the company. First BanCorp. has shown strong financial performance, beating quarterly EPS estimates, raising its quarterly dividend, and maintaining robust profitability metrics.
LSV Asset Management Lowers Position in First BanCorp. $FBP
LSV Asset Management reduced its stake in First BanCorp. by 3.7% in the third quarter, while First BanCorp. recently increased its quarterly dividend and posted an earnings beat. Institutional investors own a significant portion of the company, and analysts generally rate the stock as a "Moderate Buy." Insider transactions show some selling activity, while several analysts have issued updated ratings and price targets for the company.
Insider Sell: HERENCIA ROBERTO R Sells 4,723 Shares of First Ban
HERENCIA ROBERTO R, a Director at First BanCorp's subsidiary, sold 4,723 shares of First BanCorp (FBP) on February 11, 2026. This transaction continues a trend of insider selling, with no insider buys and eight insider sells over the past year for the company. Despite the selling, First BanCorp's stock is considered fairly valued at $22.63 based on its GuruFocus Value, and its price-earnings ratio is lower than the industry median.
First Bancorp director Herencia sells $106,895 in stock
First BanCorp director Roberto R. Herencia sold 4,723 shares of the company's common stock for $106,895 on February 11, 2026. Following this transaction, Herencia directly owns 637,019 shares. The sale occurred while the stock trades near its 52-week high, boasts a 13.5% return over the past year, and maintains a 3.57% dividend yield.
First BanCorp. receives the top ranking in Forbes' America's Best Banks 2026 ranking for Puerto Rico
First BanCorp. achieved the 44th position in Forbes' 2026 America's Best Banks ranking, making it the highest-ranked bank ever from Puerto Rico on the list. This recognition highlights the bank's strong financial performance, operational discipline, and sustainable growth strategy, as evaluated by 11 key financial metrics. Aurelio Alemán, President and CEO of First BanCorp., emphasized that this validates their business model and commitment to responsible banking for their clients and communities.
First BanCorp Puerto Rico Announces CFO Retirement, Successor
First BanCorp Puerto Rico announced that its longtime Executive Vice President and CFO, Orlando Berges, will retire on June 30, 2026. Said Ortiz, the current Senior Vice President and Chief Accounting Officer, has been named his successor, effective July 1, 2026, ensuring a smooth transition. Analysts currently rate FBP stock as a Hold with a $24.00 price target, while TipRanks' AI Analyst, Spark, rates it as an Outperform, citing strong financial performance and an attractive valuation.
First BanCorp's (NYSE:FBP) Shareholders Will Receive A Bigger Dividend Than Last Year
First BanCorp (NYSE:FBP) has announced a larger dividend payment of $0.20 due on March 13th, representing an increase from the previous year. The dividend yield is approximately 3.5%, aligning with the industry average, and is supported by the company's 33% payout ratio and projected 14.1% EPS growth over the next three years. Despite a relatively short 7-year dividend history, the company has shown consistent annual growth, making it an attractive income stock.
First BanCorp's (NYSE:FBP) Dividend Will Be Increased To $0.20
First BanCorp (NYSE:FBP) has announced an increase in its dividend to $0.20 per share, to be paid on March 13th. The company maintains a payout ratio of 33%, with a forecasted EPS growth of 14.1% over the next three years, ensuring dividend sustainability. With a 31% compound annual growth rate in dividends over five years and 37% annual EPS growth, First BanCorp exhibits strong potential as an income stock.
First BanCorp CFO Orlando Berges to retire, Said Ortiz named successor
First BanCorp (NYSE:FBP) has announced that its Executive Vice President and Chief Financial Officer, Orlando Berges, will retire on June 30, 2026, after nearly 17 years with the company. Said Ortiz, the current Senior Vice President and Chief Accounting Officer, will succeed Berges starting July 1, 2026. Berges was instrumental in the company's financial transformation, recapitalization, and acquisitions, while Ortiz brings 19 years of experience to the role.
Principal Financial Group Inc. Has $20.08 Million Stock Position in First BanCorp. $FBP
Principal Financial Group Inc. increased its stake in First BanCorp. (NYSE:FBP) by 14.4% in the third quarter, now holding 910,845 shares valued at $20.08 million. First BanCorp. exceeded quarterly earnings expectations, reported a strong return on equity of 17.33%, and raised its quarterly dividend to $0.20 per share. Analysts maintain a "Moderate Buy" rating for FBP with a consensus price target of $24.58.
First BanCorp. Announces Retirement of Chief Financial Officer Orlando Berges and Appointment of Successor Said Ortiz
First BanCorp. (NYSE: FBP) announced that Orlando Berges, Executive Vice President and Chief Financial Officer, will retire on June 30, 2026, after nearly 17 years of service. Said Ortiz, currently Senior Vice President and Chief Accounting Officer, has been appointed as his successor, effective July 1, 2026. The transition is planned to be seamless, with both individuals working together in the coming months.
First BanCorp CFO Orlando Berges to retire, Said Ortiz named successor
First BanCorp announced that its Executive Vice President and CFO, Orlando Berges, will retire on June 30, 2026, after 17 years with the company. Said Ortiz, the current Senior Vice President and Chief Accounting Officer, will succeed him. The announcement follows a strong fourth quarter for First BanCorp, exceeding EPS and revenue expectations.
First BanCorp CFO Orlando Berges to retire, Said Ortiz named successor
First BanCorp announced that Executive Vice President and CFO Orlando Berges will retire on June 30, 2026, after nearly 17 years with the company. Said Ortiz, currently Senior Vice President and Chief Accounting Officer, will succeed Berges as CFO. This transition follows a strong financial performance by First BanCorp, which recently surpassed earnings and revenue expectations for Q4 2025.
First BanCorp Puerto Rico Announces CFO Retirement, Successor
First BanCorp Puerto Rico announced that its long-serving Executive Vice President and Chief Financial Officer, Orlando Berges, will retire on June 30, 2026. Said Ortiz, the current Senior Vice President and Chief Accounting Officer, has been named his successor, effective July 1, 2026, ensuring a smooth transition. The company's stock (FBP) currently holds a Hold rating with a $24.00 price target and is rated as an Outperform by TipRanks' AI Analyst, Spark, due to strong financials and attractive valuation.
After 17 years at First BanCorp., finance chief hands reins to Said Ortiz
First BanCorp. announced that its Executive Vice President and Chief Financial Officer, Orlando Berges, will retire on June 30, 2026, after almost 17 years of service. Said Ortiz, currently the Senior Vice President and Chief Accounting Officer, has been appointed as his successor, effective July 1, 2026. The transition will be collaborative, ensuring continuity in the company's financial leadership.
Thrivent Financial for Lutherans Takes $3.30 Million Position in First BanCorp. $FBP
Thrivent Financial for Lutherans has acquired a new position in First BanCorp. (NYSE:FBP), purchasing 149,503 shares valued at approximately $3.30 million. This makes them a significant institutional investor, owning about 0.09% of the company. First BanCorp. recently reported strong Q1 earnings, exceeding analyst expectations, raising its quarterly dividend, and maintaining a "Moderate Buy" consensus rating from analysts.
Allianz Asset Management GmbH Has $18.12 Million Holdings in First BanCorp. $FBP
Allianz Asset Management GmbH significantly increased its stake in First BanCorp. ($FBP) by 176.1% in Q3, now holding 821,918 shares valued at $18.12 million. First BanCorp. recently reported strong Q4 earnings, beating analyst estimates with $0.55 EPS, and raised its quarterly dividend to $0.20 per share. Despite an Insider sale by EVP Michael McDonald, institutional ownership remains high at 97.91%, and analysts maintain a "Moderate Buy" rating with an average price target of $24.58.
Assessing First BanCorp (FBP) Valuation After Strong Recent Share Price Momentum
First BanCorp (FBP) has seen strong recent share price momentum, with a 10.0% return over the last month and 16.0% over the last three months, closing at $23.22. Despite this, the stock is considered slightly undervalued by analysts, with a fair value estimated at $24.00, driven by expectations of improved net interest margin from reinvesting lower-yield securities. The article prompts investors to consider if future growth is already priced in, while also highlighting potential risks like deposit competition and increased costs.
Stronger Earnings and Capital Returns Could Be A Game Changer For First BanCorp (FBP)
First BanCorp (FBP) reported stronger Q4 2025 results with net income of US$87.1 million, a dividend increase to US$0.20 per share, and a US$50 million share repurchase. These actions, combined with record low nonperforming assets and core deposit growth, reinforce a narrative of solid profitability and disciplined credit costs. While the capital returns offer a near-term catalyst, questions remain about the sustainability of earnings if a gentle profit decline is indeed ahead.
Stronger Earnings and Capital Returns Could Be A Game Changer For First BanCorp (FBP)
First BanCorp (FBP) reported stronger fourth-quarter 2025 results with increased net income and lower nonperforming assets, alongside an 11% dividend hike and a completed share repurchase. This financial performance strengthens the company's investment narrative, emphasizing solid profitability, disciplined credit costs, and a commitment to returning capital to shareholders. Despite potential future earnings concerns, the recent results reinforce the positive aspects of the company's financial health.
5 Must-Read Analyst Questions From First BanCorp's Q4 Earnings Call
First BanCorp's Q4 2025 earnings surpassed Wall Street expectations due to strong revenue growth and profitability. The company's management highlighted disciplined expense management, increased commercial loan originations, and improved asset quality as key drivers. Analysts' questions focused on net interest margin opportunities, competition, credit quality stability, and the outlook for auto lending, with management addressing these points by discussing reinvestment of securities, deposit repricing, and stable consumer portfolios.
First BanCorp. (FBP) Hit a 52 Week High, Can the Run Continue?
First BanCorp. (FBP) recently reached a new 52-week high, with its stock up 6% over the past month and 8.5% since the start of the year. The company has a strong record of positive earnings surprises and holds a Zacks Rank of #2 (Buy), suggesting potential for further gains. Valuation metrics like its P/E and P/CF ratios are favorable compared to its industry peers.
Earnings call transcript: First BanCorp Q4 2025 beats expectations, stock rises
First BanCorp (FBP) reported robust Q4 2025 results, exceeding both EPS and revenue expectations with EPS of $0.55 on revenue of $257.17 million. This strong performance led to a 4.74% pre-market stock increase. For 2026, the company projects 3-5% organic loan growth and anticipates returning nearly 100% of annual earnings to shareholders, while also announcing an 11% increase in its quarterly common stock dividend.
FIRST BANCORP PUERTO RICO (NYSE:FBP) Shows Technical Breakout Setup
FIRST BANCORP PUERTO RICO (FBP) has been identified as a strong candidate for a technical breakout, exhibiting a clear uptrend and consolidating in preparation for a potential upward move. The stock shows solid technical strength with a ChartMill Technical Rating of 7 and a Setup Quality Rating of 8, indicating a firm base, positive short-term trend, and trading near its 52-week high with lower volatility. A specific trade plan suggests an entry at $22.50 with a stop-loss at $20.48, highlighting the balance of risk and potential gain.
Executive VP & Business Group Director Of First BanCorp Sold 35% Of Their Shares
First BanCorp's Executive VP & Business Group Director, Thomas McDonald, recently sold US$754k worth of company stock, reducing his holding by 35%. This follows another significant insider sale earlier in the year by Carlos Pietrantoni for US$1.2m, though both sales were at or below the current share price. While there has been no insider buying in the last year, insiders collectively own 2.3% of the company, suggesting some alignment with shareholders despite the recent selling activity.
Should You Buy First Bancorp (FBP) After Golden Cross?
First BanCorp. (FBP) is showing signs of a potential bullish breakout after its 50-day simple moving average crossed above its 200-day simple moving average, forming a "golden cross." This technical indicator, coupled with a #2 (Buy) Zacks Rank and positive earnings outlook, suggests the stock could be poised for further gains. Investors are advised to monitor FBP's performance due to its favorable technical and fundamental signals.
Analysts Offer Insights on Financial Companies: First Bancorp Puerto Rico (FBP) and UMB Financial (UMBF)
Two analysts have issued bullish sentiments on financial companies First Bancorp Puerto Rico (FBP) and UMB Financial (UMBF). Arren Cyganovich from Truist Financial maintained a Buy rating on FBP, which currently has a Moderate Buy consensus with a 13.0% upside. Brian Foran, also from Truist Financial, maintained a Buy rating on UMBF, which has a Strong Buy consensus with a 15.4% upside.
Insider Sell: Michael Mcdonald Sells 34,122 Shares of First BanC
Michael Mcdonald, Executive Vice President of First BanCorp's subsidiary, recently sold 34,122 shares of First BanCorp (FBP), reducing his holdings to 62,937 shares. This transaction is part of a pattern of insider selling, with eight insider sells and no insider buys over the past year for FBP. The stock is currently trading at $22.11, and GuruFocus assesses it as fairly valued with a price-to-GF-Value ratio of 1.02.
Insider Selling: First BanCorp. (NYSE:FBP) EVP Sells 34,122 Shares of Stock
First BanCorp.'s (NYSE:FBP) EVP Michael Mcdonald sold 34,122 shares of company stock for over $754,000, reducing his stake by 35.16%. This sale follows the bank's strong Q4 results, which beat analyst expectations with EPS of $0.55 and revenue of $257.17 million. The company also announced an increased quarterly dividend of $0.20 per share and received positive analyst ratings with raised price targets.
First BanCorp (FBP) Net Margin Strength Reinforces Bullish Narratives After FY 2025 Results
First BanCorp (FBP) reported strong FY 2025 results with a 37.7% net profit margin and 15.4% earnings growth, reinforcing bullish views despite revenue growth trailing the US market average. The bank’s loan book of US$13.1 billion shows controlled non-performing loans, supporting a positive outlook on credit quality. While its P/E ratio is below industry average and a DCF fair value suggests significant undervaluation, projected earnings decline over the next three years introduces a point of caution for investors.
First BanCorp. (NYSE:FBP) Q4 2025 Earnings Call Transcript
First BanCorp. (NYSE:FBP) reported strong Q4 and full-year 2025 results, exceeding earnings expectations with an EPS of $0.55. The company highlighted record revenues, positive operating leverage, and stable credit performance, achieving a top-quartile return on assets of 1.8%. They also announced an 11% increase in the quarterly common stock dividend and outlined plans for continued organic loan growth, efficiency improvements, and returning nearly 100% of annual earnings to shareholders in 2026.
First BanCorp. (NYSE:FBP) Price Target Raised to $26.00 at Hovde Group
Hovde Group analysts recently raised their price target for First BanCorp. (NYSE:FBP) to $26.00 from $25.00, maintaining an "outperform" rating. This adjustment suggests an 18.58% potential upside from the bank's previous closing price. The article highlights other analyst ratings, recent stock performance, and institutional investor activity, alongside key news indicating positive sentiment around the company's Q4 earnings, dividend increase, and strong profitability metrics.
First BanCorp price target raised to $26 from $25 at Raymond James
Raymond James has increased its price target for First BanCorp (NYSE:FBP) to $26.00 from $25.00, reiterating an "Outperform" rating. This adjustment follows strong fourth-quarter 2025 results, driven by continued net interest margin expansion and anticipated benefits from securities repricing and lower funding costs. The firm also highlighted the company's 100% capital return and an attractive macroeconomic environment in Puerto Rico.
First Bancorp: Fourth Quarter Earnings Overview
First Bancorp reported strong financial results for its fourth quarter, with a net income of $87.1 million and earnings of 55 cents per share, surpassing analyst predictions. The company's total revenue for the quarter reached $319.6 million, and full-year profits hit $344.9 million, or $2.15 per share. These figures highlight a successful financial period for the San Juan-based institution.
Earnings call transcript: First BanCorp beats Q4 2025 forecasts with strong growth
First BanCorp reported strong Q4 2025 earnings, surpassing analyst expectations for both EPS and revenue, driven by robust loan growth and increased digital banking engagement. The company's stock reacted positively, and management provided an optimistic outlook for 2026, including plans for continued organic loan growth, efficiency improvements, and increased capital returns to shareholders. Executives also discussed strategic initiatives like new branch openings and prudent risk management in a dynamic economic environment.
First BanCorp. Increases Quarterly Cash Dividend on Common Stock by 11% to $0.20
First BanCorp. announced an 11% increase in its quarterly cash dividend on common stock, raising it to $0.20 per share, payable on March 13, 2026. This decision reflects the Corporation's commitment to enhancing shareholder value and maintaining a solid capital position, alongside its share buyback program. The annualized dividend rate will now be $0.80 per common share.
First BanCorp (NYSE:FBP) Exceeds Q4 CY2025 Expectations
First BanCorp (NYSE:FBP) reported Q4 CY2025 results that exceeded market revenue expectations, with sales up 6.5% year-on-year to $257.2 million and GAAP profit of $0.55 per share, 8.1% above analysts' consensus estimates. While net interest income missed targets, the company's tangible book value per share also narrowly topped expectations. Despite mixed results, the article suggests longer-term business quality and valuation are more important for investment decisions.
First BanCorp. (NYSE:FBP) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS
First BanCorp. (NYSE:FBP) reported strong quarterly earnings, surpassing analyst expectations by $0.04 with an EPS of $0.55. The company also announced an increase in its quarterly dividend to $0.20 per share, up from $0.18, resulting in an annualized yield of 3.8%. Institutional investors hold a significant portion of the company's shares, and analysts maintain a "Moderate Buy" rating with a consensus target price of $23.80.
First Bancorp: Q4 Earnings Snapshot
First Bancorp (FBP) reported stronger-than-expected fourth-quarter and annual earnings. The San Juan-based bank announced a Q4 profit of $87.1 million, or 55 cents per share, surpassing analyst estimates of 52 cents per share. Full-year profit reached $344.9 million, with total revenue for the year at $1 billion.
First BanCorp. (NYSE:FBP) Plans Quarterly Dividend of $0.20
First BanCorp. (NYSE:FBP) has announced a quarterly dividend of $0.20 per share, an 11.1% increase from its previous dividend of $0.18, resulting in an approximate 3.8% dividend yield. The dividend is well-covered by earnings with a payout ratio of 33.5%, and analysts anticipate continued strong earnings to sustain future payouts. The company has a history of increasing its dividend annually for the past six years and recently reported strong quarterly earnings, beating analyst estimates.
First BanCorp (FBP) Increases Quarterly Dividend by 11%
First BanCorp (FBP) has announced an 11% increase in its quarterly cash dividend, raising it to 20 cents per share. This move reflects the company's strong financial health, characterized by robust revenue growth, high net margin, and efficient return on equity, despite a notable volume of insider selling. Investors are advised to consider the company's solid financial metrics and market positioning, while remaining aware of insider activity and potential sector-specific risks in Puerto Rico.
First BanCorp raises quarterly dividend by 11% to $0.20 per share
First BanCorp (NYSE:FBP) has announced an 11% increase in its quarterly cash dividend to $0.20 per share, payable on March 13, 2026. This marks the eighth consecutive year the bank holding company has raised its dividend, demonstrating a strong commitment to shareholder value. The company's financial health has also been noted by Piper Sandler, which initiated coverage with a Neutral rating and a $23.00 price target, citing a strong return on assets.
First BanCorp. hikes 2026 dividend, lifting quarterly payout 11% to $0.20
First BanCorp. (NYSE: FBP) has announced an 11% increase in its quarterly cash dividend, raising it from $0.18 to $0.20 per share, effective Q1 2026. This dividend, payable on March 13, 2026, to shareholders of record on February 26, 2026, represents an annualized rate of $0.80 per common share. The increase, alongside a share buyback program, reflects the Corporation's commitment to strategic priorities, enhanced shareholder value, and a solid capital position.
Earnings To Watch: First BanCorp (FBP) Reports Q4 Results Tomorrow
First BanCorp (FBP) is set to report its Q4 results, with analysts expecting a 5.4% year-on-year revenue growth to $254.5 million and adjusted earnings of $0.51 per share. The company has a history of missing Wall Street's revenue estimates and investors are showing positive sentiment in the regional banks segment, although FBP's stock is down 1.8% over the last month. Last quarter, FBP missed revenue expectations by 1.3%, reporting $248.7 million, despite a beat on EPS estimates.
Earnings To Watch: First BanCorp (FBP) Reports Q4 Results Tomorrow
First BanCorp (FBP) is scheduled to report its Q4 earnings tomorrow. Analysts anticipate a 5.4% year-on-year revenue increase to $254.5 million and adjusted earnings of $0.51 per share, following a mixed Q3 where the company missed revenue and net interest income estimates but beat EPS. The regional banks segment has shown positive investor sentiment recently, with some peers like ServisFirst Bancshares and Dime Community Bancshares reporting strong Q4 results.
Vest Financial LLC Has $5.63 Million Stock Holdings in First BanCorp. $FBP
Vest Financial LLC recently increased its stake in First BanCorp. (NYSE:FBP) by 21.8%, now holding 255,348 shares valued at approximately $5.63 million. Other institutional investors have also adjusted their positions in the bank, which reported Q3 EPS of $0.51, beating estimates, though revenue missed expectations. Analysts maintain a "Moderate Buy" consensus rating for First BanCorp. with a target price of $23.80.
First BanCorp. (FBP) to Release Earnings on Tuesday
First BanCorp. (FBP) is scheduled to release its Q4 2025 earnings before market open on Tuesday, January 27th. Analysts anticipate earnings per share of $0.51 and revenue of $256.18 million for the quarter. The company recently paid a quarterly dividend of $0.18, resulting in an annualized yield of 3.4% and a payout ratio of 34.95%.
First BanCorp. $FBP Shares Sold by Campbell & CO Investment Adviser LLC
Campbell & CO Investment Adviser LLC significantly reduced its stake in First BanCorp. (NYSE:FBP) by 68.1% in the third quarter of 2025, selling 163,743 shares and retaining 76,597 shares valued at approximately $1.69 million. Despite this, other institutional investors increased their positions. First BanCorp. reported Q3 EPS of $0.51, beating estimates, and pays a quarterly dividend of $0.18, representing a 3.4% yield.
