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Last $4.31 USD
Change Today -0.09 / -2.05%
Volume 958.1K
FBP On Other Exchanges
Symbol
Exchange
Stuttgart
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

first bancorp puerto rico (FBP) Snapshot

Open
$4.39
Previous Close
$4.40
Day High
$4.41
Day Low
$4.22
52 Week High
04/16/15 - $6.76
52 Week Low
07/7/15 - $4.16
Market Cap
921.5M
Average Volume 10 Days
777.7K
EPS TTM
$1.59
Shares Outstanding
213.8M
EX-Date
07/30/09
P/E TM
2.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST BANCORP PUERTO RICO (FBP)

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first bancorp puerto rico (FBP) Details

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. Its Commercial and Corporate Banking segment offers commercial real estate and construction loans, and floor plan financings; and cash management and business management services, as well as underwrites bonds and financial advisory services provided to government entities. The company’s Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit, as well as engages in the finance leases and insurance activities. Its Mortgage Banking segment is involved in origination, sale, securitization, and servicing ofvarious residential mortgage loan products and related hedging activities; acquisition and sale of mortgages in the secondary markets; and provision of mortgage loans purchased from other local banks and mortgage bankers. The company’s Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management. Its United States Operations segment offers checking, savings, and money market accounts; and residential mortgages, home equity loans, lines of credit, and automobile loans, as well as Internet banking services, cash management services, remote data capture, and automated clearing house transactions. The company’s Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of March 1, 2015, First BanCorp. operated 54 branches in Puerto Rico, 12 branches in the U.S. Virgin Islands and British Virgin Islands, and 10 branches in the state of Florida. The company was founded in 1948 and is headquartered in Santurce, Puerto Rico.

2,617 Employees
Last Reported Date: 03/16/15
Founded in 1948

first bancorp puerto rico (FBP) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $874.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $601.2K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $551.2K
Executive Vice President of Florida Region an...
Total Annual Compensation: $536.4K
Executive Vice President, Business Group Exec...
Total Annual Compensation: $401.2K
Compensation as of Fiscal Year 2014.

first bancorp puerto rico (FBP) Key Developments

First Bancorp Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2015

First Bancorp announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced interest income of $151,632,000 compared to $158,423,000 for the same period a year ago. Net interest income was $126,477,000 compared to $129,907,000 for the same period a year ago. Loss before income taxes was $43,918,000 compared to income before income taxes of $20,949,000 for the same period a year ago. Net loss was $34,074,000 compared to net income of $21,225,000 for the same period a year ago. Net loss attributable to common stockholders was $34,074,000 or $0.16 per basic and diluted share compared to net income attributable to common stockholders of $22,505,000 or $0.11 per basic and diluted share for the same period a year ago. Negative return on average assets was 1.06% compared to positive return on average assets of 0.67% for the same period a year ago. Negative return on average total equity was 8.06% compared to positive return on average total equity of 6.66% for the same period a year ago. Negative return on average common equity was 8.23% compared to positive return on average common equity of 6.95% for the same period a year ago. Adjusted pre-tax, pre-provision income was $47,727,000 compared to $48,622,000 for the same period a year ago. For the six months, the company announced interest income of $304,117,000 compared to $318,994,000 for the same period a year ago. Net interest income was $252,124,000 compared to $261,227,000 for the same period a year ago. Loss before income taxes was $10,240,000 compared to income before income taxes of $38,919,000 for the same period a year ago. Net loss was $8,428,000 compared to net income of $38,308,000 for the same period a year ago. Net loss attributable to common stockholders was $8,428,000 or $0.04 per basic and diluted share compared to net income attributable to common stockholders of $39,967,000 or $0.19 per basic and diluted share for the same period a year ago. Book value per common share was $7.60 compared to $5.97 for the same period a year ago. Tangible book value per common share was $7.35 compared to $5.72 for the same period a year ago. Negative return on average assets was 0.13% compared to positive return on average assets of 0.61% for the same period a year ago. Negative return on average total equity was 1.00% compared to positive return on average total equity of 6.12% for the same period a year ago. Negative return on average common equity was 1.03% compared to positive return on average common equity of 6.41% for the same period a year ago. For the second quarter ended June 30, 2015, the company announced net charge-offs of $78,812,000 compared to $52,345,000 for the same period a year ago.

First Bancorp to Report Q2, 2015 Results on Jul 29, 2015

First Bancorp announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 29, 2015

First Bancorp, Q2 2015 Earnings Call, Jul 30, 2015

First Bancorp, Q2 2015 Earnings Call, Jul 30, 2015

 

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Industry Analysis

FBP

Industry Average

Valuation FBP Industry Range
Price/Earnings 2.6x
Price/Sales 2.2x
Price/Book 0.6x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
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