Shares of First BanCorp (FBP) traded at $21.58 on Tuesday, marking a 3.28% intraday surge following the release of its fourth-quarter and full-year 2025 financial results. The stock has demonstrated significant resilience over the past 52 weeks, trading within a range of $16.40 to $22.60, and is currently trending toward the upper end of that channel.
Company Description
First BanCorp is the bank holding company for FirstBank Puerto Rico, a diversified financial institution providing commercial and consumer banking, mortgage, and insurance services. The corporation operates across Puerto Rico, the U.S. and British Virgin Islands, and South Florida.
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.