First BanCorp. New Common Stock (FBP)

As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the regional banks industry, including First BanCorp (NYSE:FBP) and its peers.

Puerto Rican financial institution First BanCorp (NYSE:FBP) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 7.6% year on year to $248.1 million. Its non-GAAP profit of $0.47 per share was 10% above analysts’ consensus estimates.

First BanCorp currently trades at $19.59 and has been a dream stock for shareholders. It’s returned 263% since June 2020, nearly tripling the S&P 500’s 90.4% gain. The company has also beaten the index over the past six months as its stock price is up 5.2% thanks to its solid quarterly results.

First BanCorp (FBP) is a financial holding company. Share price rose 12.5% over the past year from $16.58 to $18.65, as of Monday’s market close.

A cash-heavy balance sheet is often a sign of strength, but not always. Some companies avoid debt because they have weak business models, limited expansion opportunities, or inconsistent cash flow.

Only around 12% of Puerto Rico's residents currently have electricity, according to Luma Energy, the power company servicing the island.

Bank stocks may rebound with a soft-landing, rate cuts, and improved customer activity, but political risks and lower interest rates could dampen growth.

FBP stock results show that First BanCorp beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.

FBP stock results show that First BanCorp beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.

Companies Reporting Before The Bell • RTX (NYSE:RTX) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion.