BPOP vs. FBP

Last updated Apr 1, 2026

Compare and contrast key facts about Popular, Inc. (BPOP) and First BanCorp. (FBP).

Performance

BPOP vs. FBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Popular, Inc. (BPOP) and First BanCorp. (FBP). The values are adjusted to include any dividend payments, if applicable.

BPOP vs. FBP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPOP Popular, Inc.	8.37%	36.01%	17.86%	28.33%	-16.78%	49.06%	-0.00%	27.21%	35.80%	-16.87%
FBP First BanCorp.	3.97%	15.48%	16.91%	34.81%	-4.71%	53.12%	-10.36%	24.84%	69.19%	-22.84%

Fundamentals

Market Cap BPOP : $8.86B FBP : $3.38B
EPS BPOP : $12.36 FBP : $2.16
PE Ratio BPOP : 10.85 FBP : 9.90
PEG Ratio BPOP : 1.19 FBP : 0.74
PS Ratio BPOP : 2.09 FBP : 2.76
PB Ratio BPOP : 1.42 FBP : 1.72
Total Revenue (TTM) BPOP : $4.33B FBP : $1.23B
Gross Profit (TTM) BPOP : $2.07B FBP : $917.77M
EBITDA (TTM) BPOP : $1.05B FBP : $456.12M

Returns By Period

In the year-to-date period, BPOP achieves a 8.37% return, which is significantly higher than FBP's 3.97% return. Over the past 10 years, BPOP has underperformed FBP with an annualized return of 20.03%, while FBP has yielded a comparatively higher 24.88% annualized return.

BPOP

• 1D: 2.69%
• 1M: -0.31%
• YTD: 8.37%
• 6M: 6.93%
• 1Y: 48.93%
• 3Y*: 36.59%
• 5Y*: 16.71%
• 10Y*: 20.03%

FBP

• 1D: 2.45%
• 1M: 1.09%
• YTD: 3.97%
• 6M: -1.37%
• 1Y: 15.39%
• 3Y*: 27.80%
• 5Y*: 17.22%
• 10Y*: 24.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BPOP vs. FBP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BPOP

BPOP Risk / Return Rank: 86
BPOP Sharpe Ratio Rank: 88
BPOP Sortino Ratio Rank: 82
BPOP Omega Ratio Rank: 85
BPOP Calmar Ratio Rank: 88
BPOP Martin Ratio Rank: 87

FBP

FBP Risk / Return Rank: 60
FBP Sharpe Ratio Rank: 62
FBP Sortino Ratio Rank: 55
FBP Omega Ratio Rank: 54
FBP Calmar Ratio Rank: 66
FBP Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BPOP vs. FBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Popular, Inc. (BPOP) and First BanCorp. (FBP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BPOP	FBP	Difference
Sharpe ratio Return per unit of total volatility	1.74	0.55	+1.19
Sortino ratio Return per unit of downside risk	2.20	0.95	+1.25
Omega ratio Gain probability vs. loss probability	1.33	1.12	+0.21
Calmar ratio Return relative to maximum drawdown	3.43	1.10	+2.33
Martin ratio Return relative to average drawdown	8.47	2.50	+5.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BPOP vs. FBP - Sharpe Ratio Comparison

The current BPOP Sharpe Ratio is 1.74, which is higher than the FBP Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of BPOP and FBP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BPOP	FBP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	0.55	+1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.54	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.63	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.11	+0.01

Correlation

The correlation between BPOP and FBP is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BPOP vs. FBP - Dividend Comparison

BPOP's dividend yield for the trailing twelve months is around 2.20%, less than FBP's 3.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPOP Popular, Inc.	2.20%	2.33%	2.72%	2.77%	3.32%	2.13%	2.84%	2.04%	2.12%	2.82%	1.37%	1.06%
FBP First BanCorp.	3.46%	3.47%	3.44%	3.40%	3.62%	2.25%	2.17%	1.32%	0.35%	0.00%	0.00%	0.00%

Drawdowns

BPOP vs. FBP - Drawdown Comparison

The maximum BPOP drawdown since its inception was -95.72%, roughly equal to the maximum FBP drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for BPOP and FBP.

Drawdown Indicators

	BPOP	FBP	Difference
Max Drawdown Largest peak-to-trough decline	-95.72%	-99.51%	+3.79%
Max Drawdown (1Y) Largest decline over 1 year	-14.68%	-13.83%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	-46.27%	-32.38%	-13.89%
Max Drawdown (10Y) Largest decline over 10 years	-59.03%	-67.82%	+8.79%
Current Drawdown Current decline from peak	-26.36%	-93.75%	+67.39%
Average Drawdown Average peak-to-trough decline	-49.01%	-59.72%	+10.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	6.08%	-0.14%

Volatility

BPOP vs. FBP - Volatility Comparison

Popular, Inc. (BPOP) has a higher volatility of 5.82% compared to First BanCorp. (FBP) at 5.50%. This indicates that BPOP's price experiences larger fluctuations and is considered to be riskier than FBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BPOP	FBP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	5.50%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	20.80%	19.58%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	28.25%	27.89%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.32%	32.36%	-2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.55%	39.88%	-6.33%

Financials

BPOP vs. FBP - Profitability Comparison

The chart below illustrates the profitability comparison between Popular, Inc. and First BanCorp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BPOP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Popular, Inc. reported a gross profit of 0.00 and revenue of 1.12B. Therefore, the gross margin over that period was 0.0%.

FBP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, First BanCorp. reported a gross profit of 257.17M and revenue of 319.56M. Therefore, the gross margin over that period was 80.5%.

BPOP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Popular, Inc. reported an operating income of 291.62M and revenue of 1.12B, resulting in an operating margin of 25.9%.

FBP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, First BanCorp. reported an operating income of 130.30M and revenue of 319.56M, resulting in an operating margin of 40.8%.

BPOP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Popular, Inc. reported a net income of 233.90M and revenue of 1.12B, resulting in a net margin of 20.8%.

FBP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, First BanCorp. reported a net income of 87.10M and revenue of 319.56M, resulting in a net margin of 27.3%.