First BanCorp. (FBP) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
8.92
↑+57% vs avg
5yr avg: 5.68
30Y Low2.3·High55.9
P/FCF
↑
9.23
↑+24% vs avg
5yr avg: 7.48
30Y Low0.4·High19.6
P/B Ratio
↑
2.10
↑+21% vs avg
5yr avg: 1.74
30Y Low0.1·High4.4
ROE
↑
19.0%
↓+5% vs avg
5yr avg: 18.0%
30Y Low-39%·High27%
Debt/EBITDA
↓
0.87
↓-39% vs avg
5yr avg: 1.44
30Y Low0.9·High48.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FBP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
First BanCorp. trades at 12.0x earnings, 25% above its 5-year average of 9.6x, sitting at the 33rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 12%. On a free-cash-flow basis, the stock trades at 9.2x P/FCF, 24% above the 5-year average of 7.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.0B | $3.3B | $3.1B | $2.9B | $2.4B | $2.9B | $2.0B | $2.3B | $1.9B | $1.1B | $1.4B |
| Enterprise Value | $3.7B | $3.0B | $2.5B | $2.9B | $2.9B | $1.1B | $1.5B | $2.6B | $2.4B | $1.6B | $2.7B |
| P/E Ratio → | 11.97 | 9.64 | 10.27 | 9.62 | 8.00 | 10.52 | 20.04 | 13.93 | 9.35 | 17.00 | 15.37 |
| P/S Ratio | 3.19 | 2.65 | 2.58 | 2.59 | 2.56 | 3.30 | 2.61 | 3.15 | 2.79 | 1.78 | 2.23 |
| P/B Ratio | 2.10 | 1.69 | 1.84 | 1.95 | 1.84 | 1.39 | 0.88 | 1.03 | 0.91 | 0.59 | 0.80 |
| P/FCF | 9.23 | 7.68 | 7.79 | 8.56 | 5.81 | 7.54 | 7.13 | 8.46 | 6.96 | 4.87 | 7.54 |
| P/OCF | 9.01 | 7.49 | 7.60 | 8.03 | 5.54 | 7.28 | 6.74 | 7.81 | 6.46 | 4.67 | 7.15 |
P/E links to full P/E history page with 30-year chart
FBP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
First BanCorp.'s enterprise value stands at 8.9x EBITDA, 57% above its 5-year average of 5.7x. The Financial Services sector median is 11.4x, placing the stock at a 22% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.42 | 2.08 | 2.59 | 3.04 | 1.20 | 1.94 | 3.57 | 3.53 | 2.60 | 4.21 |
| EV / EBITDA | 8.92 | 7.29 | 5.95 | 6.85 | 6.05 | 2.27 | 10.52 | 10.02 | 11.27 | 19.52 | 17.61 |
| EV / EBIT | 8.92 | 7.29 | 6.33 | 7.33 | 6.47 | 2.47 | 12.89 | 10.89 | 12.37 | 26.08 | 20.65 |
| EV / FCF | — | 7.00 | 6.28 | 8.56 | 6.90 | 2.73 | 5.32 | 9.59 | 8.81 | 7.14 | 14.23 |
FBP Profitability
Margins and return-on-capital ratios measuring operating efficiency
First BanCorp. earns an operating margin of 33.2%, above the Financial Services sector average of 20.3%. Operating margins have compressed from 35.4% to 33.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 19.0% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 13.7% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.9% | 72.9% | 70.7% | 73.9% | 90.0% | 100.1% | 65.8% | 79.7% | 76.3% | 61.3% | 70.4% |
| Operating Margin | 33.2% | 33.2% | 32.8% | 35.4% | 46.9% | 48.5% | 15.1% | 32.8% | 28.5% | 10.0% | 20.4% |
| Net Profit Margin | 27.4% | 27.4% | 25.0% | 27.0% | 32.0% | 31.9% | 13.3% | 22.9% | 30.2% | 10.8% | 14.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.0% | 19.0% | 18.9% | 21.5% | 17.8% | 12.8% | 4.5% | 7.8% | 10.3% | 3.7% | 5.4% |
| ROA | 1.8% | 1.8% | 1.6% | 1.6% | 1.5% | 1.4% | 0.7% | 1.3% | 1.6% | 0.6% | 0.8% |
| ROIC | 13.7% | 13.7% | 13.4% | 13.5% | 13.3% | 10.7% | 2.8% | 5.8% | 4.6% | 1.4% | 3.0% |
| ROCE | 3.9% | 3.9% | 16.4% | 19.6% | 21.3% | 15.9% | 4.0% | 8.0% | 6.6% | 2.4% | 5.7% |
FBP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
First BanCorp. carries a Debt/EBITDA ratio of 0.9x, which is very conservative (79% below the sector average of 4.3x). The company holds a net cash position — cash of $657M exceeds total debt of $364M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 1.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.19 | 0.34 | 0.44 | 0.70 | 0.33 | 0.41 | 0.38 | 0.53 | 0.65 | 0.87 |
| Debt / EBITDA | 0.87 | 0.87 | 1.35 | 1.55 | 1.95 | 1.47 | 6.49 | 3.28 | 5.13 | 14.78 | 10.18 |
| Net Debt / Equity | — | -0.15 | -0.36 | -0.00 | 0.34 | -0.88 | -0.22 | 0.14 | 0.24 | 0.28 | 0.71 |
| Net Debt / EBITDA | -0.70 | -0.70 | -1.43 | -0.00 | 0.95 | -4.00 | -3.58 | 1.18 | 2.37 | 6.21 | 8.27 |
| Debt / FCF | — | -0.67 | -1.51 | -0.00 | 1.08 | -4.81 | -1.81 | 1.13 | 1.85 | 2.27 | 6.68 |
| Interest Coverage | 1.64 | 1.64 | 1.36 | 1.76 | 6.65 | 6.60 | 1.25 | 2.20 | 1.91 | 0.64 | 1.29 |
Net cash position: cash ($657M) exceeds total debt ($364M)
FBP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
First BanCorp.'s current ratio of 6.85x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.36x to 6.85x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.85 | 6.85 | 0.34 | 0.36 | 0.36 | 0.48 | 0.37 | 0.28 | 0.29 | 0.27 | 0.22 |
| Quick Ratio | 6.85 | 6.85 | 0.34 | 0.36 | 0.36 | 0.48 | 0.37 | 0.28 | 0.29 | 0.27 | 0.22 |
| Cash Ratio | 6.11 | 6.11 | 0.07 | 0.04 | 0.03 | 0.14 | 0.09 | 0.06 | 0.06 | 0.07 | 0.03 |
| Asset Turnover | — | 0.07 | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.06 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FBP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
First BanCorp. returns 6.6% to shareholders annually — split between a 2.8% dividend yield and 3.8% buyback yield. The payout ratio of 33.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.8% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 33.5% | 33.5% | 35.3% | 32.9% | 28.8% | 23.1% | 42.5% | 18.1% | 3.2% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.4% | 10.4% | 9.7% | 10.4% | 12.5% | 9.5% | 5.0% | 7.2% | 10.7% | 5.9% | 6.5% |
| FCF Yield | 10.8% | 13.0% | 12.8% | 11.7% | 17.2% | 13.3% | 14.0% | 11.8% | 14.4% | 20.6% | 13.3% |
| Buyback Yield | 3.8% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 6.6% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $161M | $165M | $177M | $192M | $211M | $218M | $217M | $217M | $216M | $216M |
Peer Comparison
Compare FBP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FBPYou | $4B | 12.0 | 8.9 | 9.2 | 72.9% | 33.2% | 19.0% | 13.7% | 0.9 |
 OFG | $2B | 10.5 | 5.5 | 10.2 | 71.2% | 30.8% | 15.5% | 10.9% | 2.0 |
 BPOP | $11B | 13.2 | 11.7 | 15.5 | 66.1% | 22.7% | 14.0% | 10.2% | 1.6 |
 NBTB | $2B | 14.2 | 10.8 | 11.3 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 HBAN | $27B | 12.3 | 16.3 | 11.8 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 CFG | $30B | 17.6 | 10.5 | 14.5 | 69.8% | 20.9% | 7.2% | 4.7% | 4.2 |
 IBOC | $5B | 11.3 | 8.9 | 9.4 | 78.3% | 49.4% | 13.6% | 10.5% | 1.3 |
 FFIN | $5B | 18.7 | 11.5 | 15.5 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
 BOKF | $8B | 14.5 | 13.9 | 14.0 | 63.7% | 21.4% | 10.1% | 5.2% | 5.8 |
 WSFS | $4B | 14.8 | 7.2 | 18.5 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
 V | $627B | 32.0 | 25.0 | 29.0 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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FBP — Frequently Asked Questions
Quick answers to the most common questions about buying FBP stock.
What is First BanCorp.'s P/E ratio?
First BanCorp.'s current P/E ratio is 12.0x. The historical average is 21.5x. This places it at the 33th percentile of its historical range.
What is First BanCorp.'s EV/EBITDA?
First BanCorp.'s current EV/EBITDA is 8.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.9x.
What is First BanCorp.'s ROE?
First BanCorp.'s return on equity (ROE) is 19.0%. The historical average is 9.0%.
Is FBP stock overvalued?
Based on historical data, First BanCorp. is trading at a P/E of 12.0x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is First BanCorp.'s dividend yield?
First BanCorp.'s current dividend yield is 2.79% with a payout ratio of 33.5%.
What are First BanCorp.'s profit margins?
First BanCorp. has 72.9% gross margin and 33.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does First BanCorp. have?
First BanCorp.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.