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First Bancorp Puerto Rico (FBP)
NYSE:FBP
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.45Last Year’s EPS
0.46Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 1.33%
|Next Earnings Date:Jul 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a generally positive outlook with strong profitability, improved net interest margin, and a robust capital deployment strategy. However, there are challenges such as slight declines in loans, increased non-performing assets, and heightened provisions for credit losses, coupled with economic uncertainties.Company Guidance
During the First BanCorp. First Quarter 2025 Financial Results Conference Call, guidance highlighted several key metrics and financial performance indicators. Return on Assets (ROA) was robust at 1.64%, and pre-provision income grew by 7% to reach $125 million. Total loans experienced a slight decline, but core deposit loans remained stable with a $70 million increase in non-interest-bearing deposits. The company repurchased $22 million in common stock during the quarter and plans to complete an additional $28 million in April, aiming for a total of $50 million by the second quarter. Net interest income for the quarter was $212 million, reflecting a $3 million increase from the previous quarter, with the net interest margin expanding by 19 basis points to 4.52%. Overall, the company maintained mid-single-digit growth projections for the year, despite market uncertainties, and remains committed to enhancing shareholder value through strategic capital deployment.Strong Profitability Metrics
Return on Assets (ROA) was solid at 1.64%, and prepack pre-provision income grew by 7%, reaching $125 million during the quarter.
Net Interest Margin Expansion
Net interest margin expanded by 19 basis points in the quarter to 4.52%, driven by a favorable asset mix and lower funding costs.
Stable and Improving Credit Performance
Credit performance was stable with early delinquency down compared to the prior quarter, and net charge-offs decreased by $3.2 million from last quarter.
Capital Deployment Initiatives
Redeemed approximately $50 million in subordinated debentures and repurchased $22 million in common stock. Plan to deploy $100 million in stock buybacks in the second half of the year.
Positive Loan Origination Pipeline
The loan origination pipeline is healthy, with expectations for mid-single-digit growth for the year.
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FBP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FBP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $19.56 | $19.58 | +0.10% |
| Jan 23, 2025 | $19.41 | $20.54 | +5.82% |
| Oct 23, 2024 | $20.06 | $18.98 | -5.38% |
| Jul 23, 2024 | $20.57 | $21.24 | +3.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does First Bancorp Puerto Rico (FBP) report earnings?
First Bancorp Puerto Rico (FBP) is schdueled to report earning on Jul 18, 2025, TBA Not Confirmed.
What is First Bancorp Puerto Rico (FBP) earnings time?
First Bancorp Puerto Rico (FBP) earnings time is at Jul 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FBP EPS forecast?
FBP EPS forecast for the fiscal quarter 2025 (Q2) is 0.45.
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