First Income Before Tax vs Net Interest Income Analysis
| FBP Stock | USD 21.11 0.15 0.71% |
First Bancorp financial indicator trend analysis is much more than just examining First Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Bancorp is a good investment. Please check the relationship between First Bancorp Income Before Tax and its Net Interest Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in First Stock, please use our How to Invest in First Bancorp guide.
Income Before Tax vs Net Interest Income
Income Before Tax vs Net Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Bancorp Income Before Tax account and Net Interest Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between First Bancorp's Income Before Tax and Net Interest Income is 0.87. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of First Bancorp, assuming nothing else is changed. The correlation between historical values of First Bancorp's Income Before Tax and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of First Bancorp are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Income Before Tax i.e., First Bancorp's Income Before Tax and Net Interest Income go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on First Bancorp income statement and is an important metric when analyzing First Bancorp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most indicators from First Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in First Stock, please use our How to Invest in First Bancorp guide.At this time, First Bancorp's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 11/28/2024, Enterprise Value Over EBITDA is likely to grow to 9.54, while Enterprise Value is likely to drop slightly above 970 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 427.8M | 514.9M | 388.7M | 369.3M | Other Operating Expenses | 408.0M | 47.8M | 382.8M | 363.7M |
First Bancorp fundamental ratios Correlations
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First Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Bancorp fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 217.1M | 217.7M | 211.3M | 192.0M | 177.2M | 186.0M | |
| Total Assets | 12.6B | 18.8B | 20.8B | 18.6B | 18.9B | 12.3B | |
| Short Long Term Debt Total | 754.2M | 623.8M | 398.7M | 858.8M | 661.7M | 756.8M | |
| Total Stockholder Equity | 2.2B | 2.3B | 2.1B | 1.3B | 1.5B | 1.2B | |
| Property Plant And Equipment Net | 150.0M | 158.2M | 146.4M | 142.9M | 210.5M | 125.8M | |
| Net Debt | 207.5M | (809.8M) | (2.2B) | 380.0M | (525K) | (498.8K) | |
| Retained Earnings | 1.2B | 1.2B | 1.4B | 1.6B | 1.8B | 1.9B | |
| Cash | 546.7M | 1.4B | 2.5B | 478.8M | 662.2M | 416.4M | |
| Non Current Assets Total | 2.5B | 5.2B | 6.9B | 6.2B | 18.2B | 11.5B | |
| Non Currrent Assets Other | (2.5B) | (329.3M) | (328.9M) | (433.2M) | 12.1B | 7.0B | |
| Other Assets | 6.8B | 6.9B | 4.3B | 6.4B | (851.3M) | (893.8M) | |
| Cash And Short Term Investments | 2.8B | 6.1B | 9.0B | 6.0B | 662.5M | 629.3M | |
| Net Receivables | 464.7M | 542.5M | 636.5M | 788.0M | 77.7M | 73.8M | |
| Liabilities And Stockholders Equity | 12.6B | 18.8B | 20.8B | 18.6B | 18.9B | 12.3B | |
| Non Current Liabilities Total | 754.2M | 623.8M | 383.8M | 231.6M | 5.4B | 5.7B | |
| Other Stockholder Equity | 941.2M | 946.0M | 736.1M | 463.7M | 268.3M | 374.7M | |
| Total Liab | 10.4B | 16.5B | 18.7B | 17.3B | 17.4B | 11.2B | |
| Property Plant And Equipment Gross | 150.0M | 158.2M | 398.1M | 407.2M | 419.9M | 440.9M | |
| Total Current Assets | 3.2B | 6.7B | 9.6B | 6.1B | 1.5B | 1.4B | |
| Other Current Liab | (180.6M) | (294.4M) | (214.9M) | (231.6M) | (706.6M) | (671.3M) | |
| Total Current Liabilities | 180.6M | 276.7M | 214.9M | 231.6M | 208.4M | 198.0M | |
| Accumulated Other Comprehensive Income | 6.8M | 55.5M | (84.0M) | (804.8M) | (639.2M) | (607.2M) | |
| Short Term Debt | 140.3M | 259.1M | 215.0M | 566.9M | 475M | 355.7M | |
| Common Stock Total Equity | 22.2M | 22.2M | 22.3M | 20.2M | 18.2M | 32.8M | |
| Common Stock | 22.2M | 22.2M | 22.3M | 22.4M | 486.1M | 21.2M | |
| Accounts Payable | 180.6M | 276.7M | 214.9M | 231.6M | 208.4M | 198.0M | |
| Short Term Investments | 2.2B | 4.7B | 6.5B | 5.6B | 5.2B | 5.0B | |
| Inventory | (796.5M) | (1.6B) | (2.6B) | (1.3B) | (1.2B) | (1.1B) | |
| Treasury Stock | (455K) | (474K) | (480K) | (2.2M) | (2.5M) | (2.6M) | |
| Property Plant Equipment | 150.0M | 158.2M | 146.4M | 142.9M | 164.4M | 160.1M | |
| Intangible Assets | 34.3M | 40.9M | 29.9M | 21.1M | 13.4M | 12.7M | |
| Net Tangible Assets | 2.2B | 2.2B | 2.0B | 1.3B | 1.5B | 1.9B | |
| Retained Earnings Total Equity | 1.1B | 1.2B | 1.2B | 1.4B | 1.6B | 940.0M | |
| Capital Surpluse | 941.7M | 946.5M | 738.3M | 486.1M | 437.5M | 694.7M | |
| Long Term Investments | 138.7M | 4.9B | 6.7B | 6.1B | 5.6B | 3.2B |
Pair Trading with First Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Bancorp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to First Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Bancorp to buy it.
The correlation of First Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for First Stock Analysis
When running First Bancorp's price analysis, check to measure First Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Bancorp is operating at the current time. Most of First Bancorp's value examination focuses on studying past and present price action to predict the probability of First Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Bancorp's price. Additionally, you may evaluate how the addition of First Bancorp to your portfolios can decrease your overall portfolio volatility.