First BanCorp. (NYSE:FBP) to Issue Quarterly Dividend of $0.25

First BanCorp. (NYSE:FBP) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 27th will be paid a dividend of $0.25 per share by the bank on Friday, December 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 27th. This is a 25.0% increase from First BanCorp.’s previous quarterly dividend of $0.20.

First BanCorp. has raised its dividend by an average of 0.3% annually over the last three years and has raised its dividend every year for the last 6 years. First BanCorp. has a payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Analysts expect First BanCorp. to earn $2.61 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 30.7%.

First BanCorp. Price Performance

Shares of First BanCorp. stock traded up $0.14 during trading hours on Thursday, reaching $27.48. The stock had a trading volume of 989,299 shares, compared to its average volume of 1,425,543. The stock’s 50 day moving average is $27.64 and its 200 day moving average is $26.19. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.10. First BanCorp. has a twelve month low of $19.16 and a twelve month high of $29.88. The firm has a market capitalization of $4.20 billion, a PE ratio of 11.61, a PEG ratio of 1.05 and a beta of 0.84.

First BanCorp. (NYSE:FBP) last posted its earnings results on Thursday, October 22nd. The bank reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. First BanCorp. had a return on equity of 18.03% and a net margin of 29.24%. The firm had revenue of $260.12 million for the quarter, compared to analysts’ expectations of $274.32 million. Equities analysts expect that First BanCorp. will post 2.40 earnings per share for the current fiscal year.

Key Stories Impacting First BanCorp.

Here are the key news stories impacting First BanCorp. this week:

• Positive Sentiment: First BanCorp. reported third-quarter earnings of $0.63 per share, exceeding the $0.58–$0.59 analyst consensus and rising from $0.51 a year earlier. The bank also reported a 29.24% net margin and 18.03% return on equity, supporting the positive earnings reaction. First BanCorp Q3 Earnings Surpass Estimates
• Positive Sentiment: The company raised its quarterly dividend to $0.25 per share from $0.20, a 25% increase. The new payout implies $1.00 in annual dividends and an approximately 3.7% yield, potentially improving the stock’s appeal to income-focused investors.
• Positive Sentiment: The earnings beat was also reflected in the company’s GAAP results, with EPS surpassing expectations by $0.04. First BanCorp GAAP EPS Beats Estimates
• Neutral Sentiment: Analysts and investors are likely to focus on the detailed third-quarter metrics, including year-over-year trends and comparisons with estimates, to assess whether earnings growth is sustainable. First BanCorp Q3 Earnings Key Metrics
• Negative Sentiment: Quarterly revenue totaled $260.12 million, below the $274.32 million analyst estimate. The revenue shortfall could limit enthusiasm around the EPS beat and prompt scrutiny of the bank’s underlying operating performance.

About First BanCorp.

First BanCorp. is a bank holding company headquartered in San Juan, Puerto Rico. Its principal subsidiary, FirstBank Puerto Rico, provides a broad range of financial products and services to individuals, businesses and government-related entities. The company’s offerings include consumer and commercial lending, residential mortgages, deposit accounts, cash-management services, credit cards, electronic banking and other financial solutions.

FirstBank serves customers through a network of branches, automated teller machines and digital banking channels.