Possible NIM Expansion And Stable Asset Quality Make First BanCorp A Buy

First BanCorp (NYSE: FBP ) is a Puerto Rico-based holding company that holds FirstBank Puerto Rico. The company has a rather concentrated presence in the Puerto Rico market, with ~80% of its loans coming out of this geography, which exposes itI am a value focused investor, conducting fundamental research on sectors like but not limited to chemicals, homebuilders, building materials, industrials and metals & mining. I prefer to invest in stocks which are cheaply available and have a catalyst in the near futu ...