Hovde Group reiterated coverage of First Bancorp with a rating of Outperform and set a new price target of $24.00 from $25.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/27/2025 | $24.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 10/9/2025 | $25.00 | Buy | Truist |
| 4/9/2025 | $20.00 | Equal Weight → Overweight | Wells Fargo |
| 10/25/2024 | $25.00 → $24.00 | Outperform | Hovde Group |
| 8/26/2024 | $22.00 | Neutral | Piper Sandler |
| 7/24/2024 | $21.00 → $25.00 | Outperform | Hovde Group |
| 7/9/2024 | $21.00 | Outperform | Raymond James |
| 12/15/2022 | $17.00 → $14.00 | Overweight → Equal Weight | Wells Fargo |
4 - FIRST BANCORP /PR/ (0001057706) (Issuer)
4 - FIRST BANCORP /PR/ (0001057706) (Issuer)
4 - FIRST BANCORP /PR/ (0001057706) (Issuer)
Keefe Bruyette downgraded First Bancorp from Outperform to Mkt Perform and set a new price target of $24.00
Truist initiated coverage of First Bancorp with a rating of Buy and set a new price target of $25.00
Wells Fargo upgraded First Bancorp from Equal Weight to Overweight and set a new price target of $20.00
KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to San Juan, Puerto Rico-based First BanCorp. (NASDAQ:FBP) ("the company"). KBRA also assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its primary bank subsidiary, FirstBank Puerto Rico. The Outlook for all long-term ratings is Stable. Key Credit Considerations FBP's ratings principally reflect its solid franchise within Puerto Rico which supports a granular, relatively low-cost deposit base and a better-than-peer average net interest margin (NIM). Despite the rising interest
First BanCorp. (the "Corporation" or "First BanCorp.") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank" or "the Bank"), today reported a net income of $100.5 million, or $0.63 per diluted share, for the third quarter of 2025, compared to $80.2 million, or $0.50 per diluted share, for the second quarter of 2025, and $73.7 million, or $0.45 per diluted share, for the third quarter of 2024. Aurelio Alemán, President and Chief Executive Officer of First BanCorp, commented: "We delivered another quarter of exceptional financial performance underscored by record net interest income, disciplined loan growth, and well-managed asset quality. Adjusted for non-recurring
First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors approved the following capital actions: The declaration of a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on December 12, 2025 to shareholders of record at the close of business on November 28, 2025. A new stock repurchase program of up to $200 million that we expect to be executed, at management's discretion, through the end of the 4th quarter of 2026; this approval is in addition to the approximately $38 million remaining under the stock repurchase program announced on July 22, 2024. A
10-Q - FIRST BANCORP /PR/ (0001057706) (Filer)
8-K - FIRST BANCORP /PR/ (0001057706) (Filer)
144 - FIRST BANCORP /PR/ (0001057706) (Subject)
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”): Series Annual Dividend Rate (%) Monthly Dividend Per Share Outstanding Shares Record Date Payment Date A 7.125% $0.14843750 197,386 January 28, 2021 February 1, 2021 B 8.35% $0.17395800 296,146
KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to San Juan, Puerto Rico-based First BanCorp. (NASDAQ:FBP) ("the company"). KBRA also assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its primary bank subsidiary, FirstBank Puerto Rico. The Outlook for all long-term ratings is Stable. Key Credit Considerations FBP's ratings principally reflect its solid franchise within Puerto Rico which supports a granular, relatively low-cost deposit base and a better-than-peer average net interest margin (NIM). Despite the rising interest
First BanCorp. (the "Corporation" or "First BanCorp.") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank" or "the Bank"), today reported a net income of $100.5 million, or $0.63 per diluted share, for the third quarter of 2025, compared to $80.2 million, or $0.50 per diluted share, for the second quarter of 2025, and $73.7 million, or $0.45 per diluted share, for the third quarter of 2024. Aurelio Alemán, President and Chief Executive Officer of First BanCorp, commented: "We delivered another quarter of exceptional financial performance underscored by record net interest income, disciplined loan growth, and well-managed asset quality. Adjusted for non-recurring
First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors approved the following capital actions: The declaration of a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on December 12, 2025 to shareholders of record at the close of business on November 28, 2025. A new stock repurchase program of up to $200 million that we expect to be executed, at management's discretion, through the end of the 4th quarter of 2026; this approval is in addition to the approximately $38 million remaining under the stock repurchase program announced on July 22, 2024. A
SC 13G/A - FIRST BANCORP /PR/ (0001057706) (Subject)
SC 13G/A - FIRST BANCORP /PR/ (0001057706) (Subject)
SC 13G/A - FIRST BANCORP /PR/ (0001057706) (Subject)