Gold soars to record high over $3,900/oz amid yen slump, US rate cut bets
First Bancorp stock reached a 52-week high, hitting $22.40, marking a significant milestone for the company. According to InvestingPro data, the bank’s stock has delivered an impressive 21.41% return year-to-date, with analysts recently revising earnings expectations upward for the upcoming period. This achievement reflects steady growth and investor confidence, supported by the company’s strong financial health score of "GREAT" on InvestingPro. The Puerto Rico-based bank, with a market capitalization of $3.56 billion, has shown resilience in a challenging market environment, benefiting from strategic initiatives and robust financial performance. Trading at a P/E ratio of 11.85 and offering a 3.25% dividend yield, First Bancorp has maintained a seven-year streak of dividend increases. As the stock reaches this new height, it underscores the company’s commitment to delivering value to its shareholders, though InvestingPro analysis suggests the stock may be trading above its Fair Value. For deeper insights into First Bancorp’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, First BanCorp reported its financial results for the second quarter of 2025. The company exceeded earnings expectations with an earnings per share (EPS) of $0.50, outperforming the forecasted $0.46. Despite this, First BanCorp experienced a revenue shortfall, reporting $246.81 million in revenue compared to the anticipated $251.5 million. These mixed results reflect the company’s ability to surpass earnings estimates while facing challenges in meeting revenue projections. The earnings report highlights the company’s financial performance and provides investors with insights into its recent developments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.