Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
13 January 1987Website:
http://www.1firstbank.comNext earnings report:
24 January 2025Last dividends:
29 August 2024Next dividends:
29 November 2024Price
after hours | Tue, 19 Nov 2024 23:11:50 GMTAnalysts recommendations
Institutional Ownership
FBP Latest News
First BanCorp. (NYSE:FBP ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Ramon Rodriguez - IR Aurelio Aleman - President and CEO Orlando Berges - EVP, CFO Conference Call Participants Timur Braziler - Wells Fargo Steve Moss - Raymond James Frank Schiraldi - Piper Sandler Kelly Motta - KBW Operator Good morning all. And thank you all for attending the First BanCorp Q3 2024 Financial Results Conference Call.
While the top- and bottom-line numbers for First Bancorp (FBP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
First Bancorp (FBP) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.46 per share a year ago.
First Bancorp (FBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--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 third quarter ended September 30, 2024, before the market opens on October 23, 2024. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Wednesday, October 23, 2024. The call and webcast will be broadcast live over the.
Following the better-than-expected expense control during the first half of the year, I've decided to raise my earnings estimate for First BanCorp. for 2024. Mid-single-digit loan growth is the main earnings catalyst for FBP for the next year and a half. The year-end target price suggests a 7.9% upside from the last closing market price. Additionally, FBP is offering a 3.2% dividend yield.
First Bancorp (FBP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.37 per share a year ago.
First Bancorp (FBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Bancorp (FBP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
First BanCorp (FBP) stock looks like an attractive investment option now, given its fundamental strength and robust growth potential.
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What type of business is First BanCorp?
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans, as well as other products, such as cash management and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; and purchase of mortgage loans from branch and mortgage bankers. The Consumer (Retail) Banking segment provides auto loans, finance leases, boat and personal loans, credit card loans, and lines of credit; and interest-bearing and non-interest-bearing checking and savings accounts, and individual retirement accounts and retail certificates of deposit (CDs), as well as insurance agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans, residential mortgages, term and construction loan, home equity loans, lines of credit, FHLB advances, and brokered CDs; and internet banking, cash management, remote deposit capture, and automated clearing house transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.
What sector is First BanCorp in?
First BanCorp is in the Financial Services sector
What industry is First BanCorp in?
First BanCorp is in the Banks - Regional industry
What country is First BanCorp from?
First BanCorp is headquartered in United States
When did First BanCorp go public?
First BanCorp initial public offering (IPO) was on 13 January 1987
What is First BanCorp website?
https://www.1firstbank.com
Is First BanCorp in the S&P 500?
No, First BanCorp is not included in the S&P 500 index
Is First BanCorp in the NASDAQ 100?
No, First BanCorp is not included in the NASDAQ 100 index
Is First BanCorp in the Dow Jones?
No, First BanCorp is not included in the Dow Jones index
When was First BanCorp the previous earnings report?
No data
When does First BanCorp earnings report?
The next expected earnings date for First BanCorp is 24 January 2025