First BanCorp. New Common Stock (FBP)

Puerto Rican financial institution First BanCorp (NYSE:FBP) will be announcing earnings results this Tuesday morning. Here’s what investors should know.

First BanCorp currently trades at $22.50 and has been a dream stock for shareholders. It’s returned 298% since July 2020, more than tripling the S&P 500’s 94.1% gain. The company has also beaten the index over the past six months as its stock price is up 15.7% thanks to its solid quarterly results.

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.

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.

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.

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.