First BanCorp

Company Details:

Company Symbol: FBP
Sector: Commercial Banks and Thrifts
Company Rating: buy
URL: http://

Related Research

  • 05/09/12 Morning Note B. Riley & Co. Morning Notes: ACCL, ARAY, EVOL, FBP, FCAL, LIOX, LTRE, RBCN, RLD, TTGT, VTSS, XOXO
  • 05/09/12 Update FBP (Buy; $5.50 PT): NIM Expansion and Lower Provisioning Drive Reduced Core Loss; Announces Loan Portfolio Purchase; Raising 2012 EPS Estimate; Rated…
  • 02/02/12 Update FBP (Buy; $5.50 PT): Considerable Noise in 4Q11 Results, but Encouraging Trends in NPAs, Loan Production and NIM Lead to Increased EPS Estimates;…
  • 02/02/12 Morning Note B. Riley & Co. Morning Notes: CALD, CHRS, EXAR, FBP, GRPN, HOTT, JDSU, KEYN, KW, PPC, RLD, ZUMZ
  • 12/22/11 Morning Note B. Riley & Co. Morning Notes: BEBE, FBP, FINL, PPC
  • 10/28/11 Morning Note B. Riley & Co. Morning Notes: BC, CALD, CLFC, CSGP, CSTR, DAVE, ELNK, FBP, FCAL, GSIT, ITI, LOOP, OPLK, SIX, STMP, SUSQ, UNTD, WWWW
  • 10/25/11 Morning Note B. Riley & Co. Morning Notes: AFOP, AXTI, BC, BOH, BSRR, CALD, CSTR, EHTH, FBP, HBHC, NARA, NEWP, NFLX, PCTI, PRGX, Q3'11 Earnings Preview Update,…
  • 10/10/11 Morning Note B. Riley & Co. Morning Notes: BMTC, FBP, SIX
  • 10/10/11 Update FBP (Buy; $4.00): Announces Completion of Capital Raise and Appointment of New Chairman; Reducing EPS Estimates and Price Target, but Reiterating…
  • 09/12/11 Morning Note B. Riley & Co. Morning Notes: FBP
  • 08/10/11 Morning Note B. Riley & Co. Morning Notes: ACW, FBP, GBCI, JACK, LTRE, MPAA, PPC, TCBI, WTSLA
  • 08/08/11 Morning Note B. Riley & Co. Morning Notes: ACCL, ACW, CATY, FBP, Industry Update: Puerto Rico Banks, JACK, JMBA, LLNW, LTRE,OMEX, RNST, SYMM, TTGT
  • 08/08/11 Update FBP (Buy; $5.50): Reports smaller-than-expected loss on securities gains and lower loan loss provision; reducing EPS estimates but maintaining price…
  • 07/18/11 Morning Note B. Riley & Co. Morning Notes: BOH, CAKE, EXAR, FBP, NTCT, PACW, SABA, SGGH, VCLK
  • 06/28/11 Morning Note B. Riley & Co. Morning Notes: ACW, FBP, KONA, Optical component industry
  • 05/31/11 Morning Note B. Riley & Co. Morning Notes: BIRT, BOFI, DRCO, GSM, FBP, FNB, GSM, HOMB, HOTT, IBKC, JMBA, KCP, LIOX, OPLK, OZRK, SGGH, WTSLA, WWWW, ZUMZ
  • 05/30/11 Update FBP (Buy; $5.50): Announces definitive investment agreement with Thomas H. Lee Partners, L.P.; raising EPS estimates but lowering tangible book value;…
  • 05/08/11 Morning Note B. Riley & Co. Morning Notes: BBRG, FBP, GSM, KSWS, LTRE, Q1 '11 Earnings Preview Update, TTGT
  • 05/08/11 Update FBP (Buy; $6.50): 1Q11 results show solid progress, but capital raise still a big hurdle. Maintaining price target and reiterating "Buy"…
  • 04/17/11 Morning Note B. Riley & Co. Morning Notes: ADPT, CYN, FBP, KTOS, PFBC, PRSP, PVSW, TRMK
  • 04/17/11 Update FBP (Buy; $6.50): 10-K Reveals Increased 4Q10 Loss due to DTA Valuation Allowance. Reducing Target Price and Reiterating "Buy" Rating
  • 04/03/11 Morning Note B. Riley & Co. Morning Notes: AEO, BEBE, CACH, FBP, HOTT, PPC, PSUN, RMYI, WTSLA, ZUMZ
  • 03/30/11 Morning Note B. Riley & Co. Morning Notes: Bank Industry, BPOP, DRL, FBP, OFG, KSWS, Retail Apparel Industry
  • 03/30/11 Update FBP (Buy; $8.50): Takeaways From Management Meetings; Reiterating "Buy" Rating
  • 03/29/11 Update Bank Industry Update: Puerto Rico Economy and Bank Industry Update
  • 03/16/11 Morning Note B. Riley & Co. Morning Notes: BIRT, FBP, NPBC, OPXT, The Optical Component Industry, WIBC
  • 02/09/11 Morning Note B. Riley & Co. Morning Notes: AXTI, DAVE, EPIC, FBP, GSM, ITI, LOOP, MAG, The optical component and comm IC space
  • 02/09/11 Update FBP (Buy; $8.50): 4Q10 results fall short of estimates. Reducing EPS estimates and target price, but reiterating "Buy" rating.
  • 01/30/11 Morning Note B. Riley & Co. Morning Notes: AEO, BEBE, BOFI, CACH, CLFC, CPF, FBP, FCF, GBCI, HOTT, NPBC, PSUN, Q4'10 Earnings Preview Update, SIMO, SUSQ, TBBK,…
  • 01/06/11 Morning Note B. Riley & Co. Morning Notes: AEO, BEBE, CLFC, FBP, HOTT, JMBA, PSUN, SABA, WTSLA, ZUMZ
  • 01/05/11 Update FBP ($5.55*, Buy): Company Announces 1-for-15 Reverse Stock Split
  • 12/06/10 Morning Note B. Riley & Co. Morning Notes: DRL, FBP, GSM, SIX, VSAT
  • 12/06/10 Update FBP ($0.30, Buy): Company reveals unsolicited buyout offer from DRL
  • 10/28/10 Morning Note B. Riley & Co. Morning Notes: AXTI, CALD, CAMP, CLFC, DDIC, DRCO, EPIC, EXAR, FBP, OCLR, OPLK, PCTI, PFBC, STMP, SUSQ, VLCM
  • 10/27/10 Update FBP ($0.29*, Buy): Revised Estimate of Additional Shares Boosts Projected TBV and Target Price. Reiterating "Buy" Rating
  • 10/24/10 Morning Note B. Riley & Co. Morning Notes: BPOP, CYN, ELNK, FBP, GBCI, HOMB, IBKC, IIVI, LOOP, PPC, PRSP, Q3 '10 Earnings Preview Update, SBNY, SGGH, TBBK,…
  • 10/24/10 Update FBP ($0.28, Buy): 3Q10 Results Show Progress on Asset Quality Front. Reducing Target Price to Reflect Greater Assumed Dilution from Capital Raise.…
  • 10/20/10 Morning Note B. Riley & Co. Morning Notes: AFOP, BOBE, CATY, CPF, EGHT, FBP, FNB, ITI, PACW, RNST, SNAK, STBA
  • 08/26/10 Morning Note B. Riley & Co. Morning Notes: BEBE, FBP, MAG, Puerto Rico Housing Stimulus
  • 08/25/10 Morning Note B. Riley & Co. Morning Notes: AEO, BEBE, FBP, JDSU, VTSS
  • 08/24/10 Update FBP ($0.42*, Buy): Reports Successful Completion of Exchange Offer. Reiterating "Buy" Rating.
  • 08/24/10 Morning Note B. Riley & Co. Morning Notes: DTPI, FBP, MSPD, PSUN
  • 07/27/10 Morning Note B. Riley & Co. Morning Notes: AXTI, COHR, DRCO, EGHT, ELNK, FBP, FNB, SNAK, KEYN, LOOP, OCLR, PVSW, SBNY, SHOO, UMPQ, VLCM, WTSLA, WSFS
  • 07/27/10 Update FBP ($0.61, Buy): Posts Larger-Than-Expected Loss, but Positive Asset Quality Trends. Reiterating "Buy" Rating.
  • 07/26/10 Morning Note B. Riley & Co. Morning Notes: BOH, CALD, CATY, CLFC, CPF, CVBF, EPIC, EWBC, FBP, FNB, MSPD, NARA, NEWP, PCTI, PFBC, RNST, STMP
  • 07/20/10 Morning Note B. Riley & Co. Morning Notes: AFOP, CYBI, FBP, FULT, HOMB, IBKC, LTRE, MRVC, RNST, SABA, STBA, TBBK, TCBI, WNI
  • 07/18/10 Morning Note B. Riley & Co. Morning Notes: BPOP, CYN, CVBF, FBP, FULT, GBCI, HBHC, OFG, OZRK, PNFP, Q2 '10 Earnings Preview Update, RNST, SABA, WNI
  • 07/15/10 Update FBP ($0.51*, Buy): Announces Pricing on Preferred Stock Exchange Offer. Reiterating "Buy" Rating.
  • 07/07/10 Morning Note B. Riley & Co. Morning Notes: CAMP, EVOL, FBP, HOTT, LALLF, ZUMZ
  • 07/07/10 Update FBP($0.42, Buy): Announces Agreement with Treasury on TARP Conversion; Reiterating "Buy" Rating
  • 06/06/10 Morning Note B. Riley & Co. Morning Notes: AEO, BEBE, CALD, FBP, GBCI, HOTT, WL, WTSLA, ZUMZ
  • 06/06/10 Update FBP ($1.26, Buy): Announces consent order with FDIC. Capital raising efforts continue. Reiterating "Buy" rating.
  • 04/27/10 Morning Note B. Riley & Co. Morning Notes: ELNK, EWBC, FBP, FNB, IIVI, ISSI, KEYN, NARA, OCLR, STMP, VLCM, WSFS
  • 04/27/10 Update FBP ($2.49, Buy): Reports Larger Than Expected 1Q10 Loss. Capital Raising Efforts Continue. Reiterating "Buy" Rating
  • 04/13/10 Update Consolidation in the Puerto Rico Banking Industry
  • 03/11/10 Morning Note B. Riley & Co. Morning Notes: FBP, FNSR, HIL, JDSU, KTOS, LTRE, OCLR, OPLK, PSUN, UBET, ZQK, ZUMZ
  • 03/11/10 Update FBP($2.18, Buy): Revising EPS Estimates due to Altered Exchange Offer Assumptions and Possible Stock Offering. Reiterating "Buy" Rating
  • 02/02/10 Morning Note B. Riley & Co. Morning Notes: ACTU, DTPI, ELNK, FBP, JDSU, NEWP, SIMO, UMPQ
  • 02/02/10 Update FBP ($2.05; Buy): 4Q09 Demonstrates Slowing Asset Quality Deterioration. Company Announces Exchange Offer. Reiterating "Buy" Rating
  • 02/01/10 Morning Note B. Riley & Co. Morning Notes: CATY, CRTS III Index, FBP, FCF, JDSU, OCLR, OPNT, PFBC
  • 01/25/10 Morning Note
  • 12/16/09 Morning Note B. Riley & Co. Morning Notes: CSGP, EGHT, FBP, KTOS, MATK, NEWP, VLCM
  • 12/15/09 Update FBP ($2.47*, Buy): B. Riley & Co. Research Update: Potential Interest of Bank of Nova Scotia Reported in Local Newspaper.
  • 11/01/09 Morning Note B. Riley & Co. Morning Notes: AEO, BEBE, CACH, DRL, DTSI, ENS, EUBK, EVOL, FBP, HOTT, PSUN, SIMO, SRSL, STEC, SYMM, UCBH, VSAT, WTSLA, ZUMZ
  • 11/01/09 Update FBP($1.89, Buy): 3Q09 Loss Worse Than Expected But Reserves, Capital Remain Solid; Reiterate "Buy" Rating
  • 10/26/09 Morning Note B. Riley & Co. Morning Notes: ACTU, AVD, BOH, CALD, CPF, CRTS III Index, EGHT, FBP, LIOX, LOOP, PFBC, PRSP, SRSL, TBBK
  • 10/08/09 Morning Note B. Riley & Co. Morning Notes: AEO, BEBE, CATY, CSGP, FBP, HOTT, UEIC, WTSLA, ZUMZ
  • 09/28/09 Morning Note B. Riley & Co. Morning Notes: CRTS Index FBP ZUMZ
  • 09/28/09 Update FBP ($3.11; Buy): B. Riley & Co. Research Update: Resignation of Chariman, President and CEO Luis Beauchamp Announced.
  • 07/30/09 Morning Note B. Riley & Co. Morning Notes: ADPT, BGFV, CHRD, CPF, DDRX, FAF, FBP, OPNT, PFBC, RBC, RUBO, SHOO, SIMO, STMP, UBET, VLCM, WMAR, WNI
  • 07/26/09 Morning Note B. Riley & Co. Morning Notes: AVD, BOH, CATY, CHRD, ELNK, FBP, FINL, FNB, GBCI, GDI, HBHC, KEYN, LNDC, NPBC, PFBC, RNST, STMP, WL, WNI, WSO
  • 04/27/09 Morning Note B. Riley & Co. Morning Notes: CRTS III Index, FBP, NPBC, RBC, SBNY, TRMK
  • 04/27/09 Update FBP ($5.89, Buy): Reducing EPS Due to Continued Economic Weakness. Reiterating "Buy" Rating.
  • 04/26/09 Morning Note B. Riley & Co. Morning Notes: ELNK, EWBC, EUBK, FBP, FNB, GDI, GBCI, HOMB, KEYN, NTY, OFG, SUMT, UCBH, WSFS
  • 03/15/09 Morning Note B. Riley & Co. Conviction Picks Report: ELNK, ENS, FBP, GBCI, NTY, PETM, PNK, PNFP, PRSP, RBC, STMP, SHOO, TCBI, TYL, UNTD, UEIC, VLCM, WTSLA
  • 02/08/09 Morning Note B. Riley & Co. Morning Notes: CYBI EUBK FBP LTRE SIMO WTSLA
  • 02/07/09 Update FBP ($6.92, Buy): Reducing EPS Estimates Due to Weakening Economy, but Raising Rating to "Buy" due to Strong Capital and Competitive Position.
  • 02/01/09 Morning Note B. Riley & Co. Morning Notes: ACTU, AEO, BEBE, CACH, CHIC, EUBK, FBP, GBCI, HOTT, NARA, NPBC, PSUN, TBBK , WTSLA, ZUMZ
  • 01/19/09 Morning Note B. Riley & Co. Morning Notes: FBP IBKC MTXX OZRK RNST UMPQ (with Notes from ICR: AEO, CACH, CPKI, HOTT, KCP, PSUN, RUBO, SHOO, SRSL, VLCM, WTSLA,…
  • 12/25/08 Morning Note B. Riley & Co. Morning Notes: FBP
  • 12/23/08 Update FBP ($9.99*, Neutral): B. Riley & Co. Research Update: Preliminary Approval for $400 Million in TARP Funding Received. Reaffirming "Neutral"…
  • 11/29/08 Update FBP ($10.94; Neutral): B. Riley & Co. Research Update: Reducing Rating to "Neutral" on Valuation
  • 10/28/08 Morning Note B. Riley & Co. Morning Notes: CALD CTLM ELNK EWBC FBP FIT ISSI LNET OPNT TBBK VLCM WSFS
  • 10/28/08 Update FBP ($9.04; Buy): B. Riley & Co. Research Update: 3Q08 Results Show Positive Trends Despite Increased NPAs. Raising Rating to "Buy"
  • 10/27/08 Morning Note B. Riley & Co. Morning Notes: ACTU EGHT EUBK FBP IRIS MAG MIPS NPBC OPLK PCTI SIMO
  • 09/08/08 Update FBP ($9.91; Neutral): B. Riley & Co. Research Update: Takeaways from Management Meetings. Reaffirming
  • 07/24/08 Update FBP ($8.49*; Neutral): B. Riley & Co. Research Update: FBP Exceeds 2Q08 Estimates Due to Large Tax Benefit, NIM Expansion and Expense Reductions.…
  • 07/23/08 Morning Note B. Riley & Co. Morning Notes: CATY CHIC CLFC EWBC FBP GBCI IBKC SNAK STMP
  • 05/06/08 Update FBP ($11.20; Neutral): B. Riley & Co. Research Update: FBP Reports Solid 1Q08 Results Boosted by Tax Benefit and Securities Gains. Reaffirming "Neutral"…
  • 05/06/08 Morning Note B. Riley & Co. Morning Notes: DTPI EMKR FBP GPX HIL KCP OFG OPMR OPTV UNTD WWE
  • 04/27/08 Morning Note B. Riley & Co. Morning Notes: CRTS Index EGHT EUBK FBP GBCI INSP LNET OFG OPLK OPTV STEC SYMM TUES WSFS
  • 03/24/08 Update 2008-3-25_-_Research_Update_-_FBP.pdf
  • 03/24/08 Morning Note 08-03-25_Morning_Notes.pdf
  • 02/28/08 Morning Note 08-02-29 Morning Notes.pdf
  • 02/06/08 Morning Note 08-02-07 Morning Notes.pdf
  • 02/06/08 Update 2008-2-7 - Research Update - FBP.pdf
  • 01/03/08 Morning Note 08-01-04 Morning Notes.pdf
  • 12/25/07 Morning Note 07-12-26 Morning Notes.pdf
  • 11/30/07 Initiation of Coverage Initiating_Coverage_-_FBP.pdf
  • 11/29/07 Morning Note 07-11-30 Morning Notes.pdf