Company Description
Current Stock Price
$21.58
Market Capitalization
$3.41 billion
Valuation
The stock currently trades at a price-to-earnings (P/E) ratio of 10.5x. This valuation reflects a moderate discount to mainland U.S. regional banking peers, accounting for the unique geographic concentration and economic variables of the Puerto Rican market.
For the fiscal year ended December 31, 2025, First BanCorp reported record net income of $344.9 million, or $2.15 per diluted share, up 15.5% from $298.7 million in 2024. Total annual revenue surpassed the $1 billion milestone for the first time. For the third quarter of 2025 specifically, the bank posted net income of $100.5 million ($0.63 per share) with a Net Interest Margin (NIM) of 4.6%, supported by favorable asset repricing and disciplined deposit cost management.