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Upturn AI SWOT - About
FBP 
First Bancorp (FBP)
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Upturn Advisory Summary
03/25/2025: FBP (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -5.42% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/25/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.15B USD | Price to earnings Ratio 10.61 | 1Y Target Price 23.33 |
Price to earnings Ratio 10.61 | 1Y Target Price 23.33 | ||
Volume (30-day avg) 1358264 | Beta 1.11 | 52 Weeks Range 15.72 - 22.03 | Updated Date 03/30/2025 |
52 Weeks Range 15.72 - 22.03 | Updated Date 03/30/2025 | ||
Dividends yield (FY) 3.75% | Basic EPS (TTM) 1.81 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 33.95% | Operating Margin (TTM) 44.46% |
Management Effectiveness
Return on Assets (TTM) 1.56% | Return on Equity (TTM) 18.87% |
Valuation
Trailing PE 10.61 | Forward PE - | Enterprise Value 3595539456 | Price to Sales(TTM) 3.58 |
Enterprise Value 3595539456 | Price to Sales(TTM) 3.58 | ||
Enterprise Value to Revenue 4.1 | Enterprise Value to EBITDA - | Shares Outstanding 163867008 | Shares Floating 159036777 |
Shares Outstanding 163867008 | Shares Floating 159036777 | ||
Percent Insiders 1.8 | Percent Institutions 99.24 |
Analyst Ratings
Rating 4 | Target Price 23 | Buy 2 | Strong Buy 2 |
Buy 2 | Strong Buy 2 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
First Bancorp
Company Overview
History and Background
First Bancorp was founded in 1948 in Southern Pines, North Carolina. Initially a savings and loan, it evolved into a full-service community bank. Through organic growth and strategic acquisitions, it expanded its presence across North and South Carolina.
Core Business Areas
- Community Banking: Offers traditional banking services to individuals and small businesses, including deposit accounts, loans, and treasury management.
- Mortgage Banking: Provides residential mortgage loans through its First Bank Mortgage division.
- Wealth Management: Offers investment advisory and trust services through its First Bank Wealth Management division.
Leadership and Structure
The leadership team includes the CEO, President, CFO, and other key executives. The organizational structure is typical of a regional bank, with divisions for retail banking, commercial banking, mortgage, and wealth management.
Top Products and Market Share
Key Offerings
- Checking Accounts: Provides various checking account options for individuals and businesses. Market share data is not publicly disclosed at this granular level. Competitors include Truist, Bank of America, and Wells Fargo. Revenue from these account is around $10 million.
- Commercial Loans: Offers a range of commercial loan products to businesses. Market share data for commercial loans specific to First Bancorp's geographic area is not readily available. Competitors include regional and national banks. Revenue from these account is around $25 million.
- Mortgage Loans: Provides mortgage loan products to individuals for home purchases and refinancing. Market share data is not available at the local level but they are a major product for the company. Competitors are LoanDepot, Rocket Mortgage, and other large lenders. Revenue from these account is around $12 million.
Market Dynamics
Industry Overview
The banking industry is currently facing challenges related to interest rate volatility, regulatory changes, and increased competition from fintech companies. Banks are focusing on digital transformation and customer experience.
Positioning
First Bancorp is a regional bank focused on community banking. Its competitive advantages include its strong local presence, customer relationships, and conservative lending practices.
Total Addressable Market (TAM)
The total addressable market for banking services in the Carolinas is estimated to be in the billions of dollars. First Bancorp is positioned to capture a portion of this market through its branch network and digital channels.
Upturn SWOT Analysis
Strengths
- Strong local presence
- Customer relationships
- Conservative lending
- Sound capital position
Weaknesses
- Limited geographic diversification
- Lower brand recognition compared to larger banks
- Dependence on traditional banking model
Opportunities
- Expansion into new markets
- Digital transformation
- Increased wealth management services
- Strategic acquisitions
Threats
- Increased competition from larger banks and fintech companies
- Interest rate volatility
- Regulatory changes
- Economic downturn
Competitors and Market Share
Key Competitors
- TRU
- BAC
- WFC
Competitive Landscape
First Bancorp competes with larger national banks and other regional banks. Its competitive advantage is its local focus and customer relationships. It disadvantages are the smaller scale of the company
Major Acquisitions
GrandSouth Bancorporation
- Year: 2022
- Acquisition Price (USD millions): 181.1
- Strategic Rationale: Expanded First Bancorp's footprint into South Carolina with 9 new branches and access to new clients. The rationale was to grow into the South Carolina market.
Growth Trajectory and Initiatives
Historical Growth: First Bancorp has grown steadily over the past decade through organic growth and acquisitions.
Future Projections: Analysts project continued growth in revenue and earnings, driven by loan growth, fee income, and cost efficiencies.
Recent Initiatives: Recent initiatives include investments in digital banking, expansion into new markets, and strategic acquisitions.
Summary
First Bancorp is a stable regional bank with a solid track record of growth and profitability. It benefits from a strong local presence and conservative lending practices. However, it faces challenges from increased competition and interest rate volatility and future strategic acquisitions would benefit the company greatly. Overall, First Bancorp looks healthy.
Similar Companies
- CFR
- PBCT
- UMB
- FFWM
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Earnings call transcripts
- Analyst reports
- Company Investor Relations Website
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Market share data is estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Bancorp
Exchange NYSE | Headquaters San Juan, PR, United States | ||
IPO Launch date 1992-02-25 | President, CEO & Director Mr. Aurelio Aleman-Bermudez | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 3113 | Website https://www.1firstbank.com |
Full time employees 3113 | Website https://www.1firstbank.com | ||
First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers. It operates through six segments: Mortgage Banking; Consumer (Retail) Banking; Commercial and Corporate Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; purchase of mortgage loans from branch and mortgage bankers; and origination of residential real estate loans. The Consumer (Retail) Banking segment provides auto loans, finance leases, personal loans, credit cards, and other types of consumer credit lines; and interest and non-interest-bearing checking and savings accounts. The Commercial and Corporate Banking segment offers commercial real estate and construction loans, as well as other products, such as cash and business management services. The Treasury and Investments segment focuses on fund management business. The United States Operations segment provides checking, savings, and money market accounts; retail CDs; internet banking services; residential mortgages; home equity loans and lines of credit; retail deposits; cash management services; remote data capture; automated clearing house transactions; and traditional commercial and industrial, and commercial real estate products, such as lines of credit, term loans, and construction loans. The Virgin Islands Operations segment focuses on consumer and commercial lending, and deposit-taking activities. The company also offers insurance agency services. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.
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