First BanCorp. (FBP) Projected to Release Quarterly Earnings on Wednesday

First BanCorp. (NYSE:FBP) is projected to post its Q2 2026 results before the market opens on Wednesday, July 22nd. Analysts expect First BanCorp. to announce earnings of $0.54 per share and revenue of $265.3050 million for the quarter. Individuals may review the information on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Wednesday, July 22, 2026 at 10:00 AM ET.

First BanCorp. (NYSE:FBP) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $258.64 million for the quarter, compared to the consensus estimate of $263.54 million. First BanCorp. had a net margin of 28.31% and a return on equity of 17.51%. During the same period in the prior year, the firm posted $0.47 EPS. On average, analysts expect First BanCorp. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First BanCorp. Price Performance

Shares of FBP stock opened at $27.41 on Monday. The firm has a fifty day moving average of $25.17 and a two-hundred day moving average of $23.11. The firm has a market cap of $4.24 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.73 and a beta of 0.82. First BanCorp. has a 1-year low of $19.16 and a 1-year high of $27.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.80 and a quick ratio of 0.80.

First BanCorp. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, May 28th. First BanCorp.’s dividend payout ratio (DPR) is 35.56%.

Hedge Funds Weigh In On First BanCorp.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Partners increased its position in First BanCorp. by 767.8% in the third quarter. Boston Partners now owns 1,262,241 shares of the bank’s stock worth $27,832,000 after buying an additional 1,116,791 shares during the period. Qube Research & Technologies Ltd lifted its stake in First BanCorp. by 82.9% in the second quarter. Qube Research & Technologies Ltd now owns 1,434,382 shares of the bank’s stock valued at $29,878,000 after buying an additional 649,987 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of First BanCorp. by 31.6% during the third quarter. Verition Fund Management LLC now owns 2,284,146 shares of the bank’s stock valued at $50,365,000 after acquiring an additional 548,164 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of First BanCorp. during the fourth quarter valued at $9,533,000. Finally, Bridgewater Associates LP grew its position in shares of First BanCorp. by 185.7% during the fourth quarter. Bridgewater Associates LP now owns 638,506 shares of the bank’s stock worth $13,236,000 after acquiring an additional 415,047 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FBP shares. Keefe, Bruyette & Woods boosted their price objective on First BanCorp. from $24.50 to $26.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded First BanCorp. from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 1st. Piper Sandler boosted their price target on First BanCorp. from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Truist Financial upped their price target on First BanCorp. from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, Benchmark started coverage on First BanCorp. in a research note on Wednesday, July 15th. They set a “buy” rating and a $31.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $27.88.

First BanCorp. Company Profile

First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.

In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.