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First BanCorp. is a publicly owned financial holding company that is subject to regulation, supervision and examination by the Federal Reserve Board. The Corporation was incorporated under the laws of the Commonwealth of Puerto Rico in 1948 to serve as the bank holding company for FirstBank.
29.50% net margin is above average for a financial institution, suggesting strong underwriting or fee income alongside controlled credit costs.
Revenue growth slowed to 0.3%, essentially flat. This is a business that needs a catalyst.
Traditional FCF and operating-margin metrics are not meaningful for financial institutions. Evaluate using net interest margin, credit quality, and capital ratios instead.
Profitability & Returns
Revenue (TTM)
$1.19B
▲ +0.3% YoY
Net Income (TTM)
$357M
▲ +15.4% YoY
Net Margin
30.04%
P/E
—
Balance Sheet
Total Assets
$19.09B
Equity
$1.97B
Total Debt
$290M
Cash & Equiv.
$552M
5Y CAGR: +13.0%
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