First BanCorp. (FBP) Stock Analysis & Winston Score

First BanCorp. is a regional bank headquartered in San Juan, Puerto Rico. It offers everyday banking services like checking and savings accounts, loans, mortgages, and credit cards to individuals and businesses across Puerto Rico, the U.S. Virgin Islands, and Florida. It is one of the largest banks based in Puerto Rico. The company makes money primarily through interest income — charging more on loans than it pays out on deposits — as well as fees from banking services. First BanCorp. operates roughly 60 branches, mostly concentrated in Puerto Rico, which gives it a strong local brand and deep customer relationships on the island. However, its heavy dependence on Puerto Rico's economy is also its main risk, since the island has faced long-running fiscal challenges, population decline, and vulnerability to natural disasters like hurricanes, all of which can directly affect loan demand and credit quality.