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home / news releases / FBP - First BanCorp: Balance Sheet Growth Subdued Credit Costs To Drive Earnings Recovery

FBP - First BanCorp: Balance Sheet Growth Subdued Credit Costs To Drive Earnings Recovery

First BanCorp.
  • Economic recovery in Puerto Rico will likely drive loan growth in the year ahead.
  • The existing allowance for loan losses is quite high relative to actual loan losses and non-performing assets. Therefore, the provision expense will likely remain subdued.
  • Due to the disbursement of relief funds, the deposit growth will likely far outpace loan growth. The excess liquidity will likely lead to pressure on the margin.
  • The year-end target price suggests a small downside from the current market price. FBP is offering a small dividend yield.

For further details see:

First BanCorp: Balance Sheet Growth, Subdued Credit Costs To Drive Earnings Recovery
Stock Information
Company Name: First BanCorp.
Stock Symbol: FBP
Market: NYSE
Website: 1firstbank.com
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