First Total Assets vs Treasury Stock Analysis

FBP Stock  USD 20.24  0.27  1.32%   
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 Total Assets and its Treasury Stock 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.

Total Assets vs Treasury Stock

Total Assets vs Treasury Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Bancorp Total Assets account and Treasury Stock. At this time, the significance of the direction appears to have no relationship.
The correlation between First Bancorp's Total Assets and Treasury Stock is 0.01. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Treasury Stock 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 Total Assets and Treasury Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of First Bancorp are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Total Assets i.e., First Bancorp's Total Assets and Treasury Stock go up and down completely randomly.

Correlation Coefficient

0.01
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Assets

Total assets refers to the total amount of First Bancorp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in First Bancorp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Treasury Stock

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 12/11/2024, 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 Income427.8M514.9M388.7M369.3M
Other Operating Expenses408.0M47.8M382.8M363.7M

First Bancorp fundamental ratios Correlations

0.60.460.80.57-0.210.450.420.07-0.090.30.420.460.030.630.540.250.31-0.070.470.29-0.420.02-0.39-0.840.05
0.60.080.640.67-0.540.680.680.530.29-0.070.70.580.170.20.990.690.72-0.150.370.11-0.60.3-0.31-0.690.28
0.460.080.330.330.230.11-0.11-0.16-0.150.38-0.12-0.11-0.020.390.04-0.03-0.21-0.040.050.52-0.180.080.09-0.460.02
0.80.640.330.58-0.330.390.560.02-0.20.310.520.51-0.120.740.560.10.470.00.4-0.06-0.52-0.14-0.38-0.76-0.1
0.570.670.330.58-0.030.280.190.220.160.360.050.010.190.50.650.340.040.310.390.24-0.72-0.070.15-0.860.4
-0.21-0.540.23-0.33-0.03-0.26-0.95-0.26-0.090.24-0.74-0.360.05-0.03-0.54-0.35-0.760.30.03-0.010.120.170.150.080.06
0.450.680.110.390.28-0.260.340.830.66-0.590.390.410.65-0.230.680.840.51-0.430.21-0.080.00.31-0.69-0.450.57
0.420.68-0.110.560.19-0.950.340.230.02-0.110.840.51-0.110.210.660.350.82-0.260.12-0.03-0.31-0.1-0.27-0.28-0.1
0.070.53-0.160.020.22-0.260.830.230.94-0.810.120.050.83-0.580.570.810.31-0.440.03-0.040.040.13-0.45-0.130.83
-0.090.29-0.15-0.20.16-0.090.660.020.94-0.79-0.17-0.250.92-0.670.340.690.01-0.35-0.04-0.010.17-0.02-0.310.010.93
0.3-0.070.380.310.360.24-0.59-0.11-0.81-0.79-0.050.01-0.680.83-0.12-0.54-0.270.580.250.23-0.48-0.080.47-0.39-0.55
0.420.7-0.120.520.05-0.740.390.840.12-0.17-0.050.87-0.340.190.680.350.96-0.290.2-0.06-0.330.37-0.4-0.25-0.35
0.460.58-0.110.510.01-0.360.410.510.05-0.250.010.87-0.360.220.560.260.82-0.320.19-0.06-0.330.57-0.53-0.28-0.4
0.030.17-0.02-0.120.190.050.65-0.110.830.92-0.68-0.34-0.36-0.510.20.63-0.16-0.28-0.02-0.010.33-0.16-0.29-0.140.94
0.630.20.390.740.5-0.03-0.230.21-0.58-0.670.830.190.22-0.510.12-0.390.030.370.330.13-0.47-0.270.14-0.65-0.46
0.540.990.040.560.65-0.540.680.660.570.34-0.120.680.560.20.120.730.71-0.160.350.12-0.570.34-0.28-0.650.31
0.250.69-0.030.10.34-0.350.840.350.810.69-0.540.350.260.63-0.390.730.46-0.260.160.07-0.060.4-0.33-0.40.63
0.310.72-0.210.470.04-0.760.510.820.310.01-0.270.960.82-0.160.030.710.46-0.390.11-0.13-0.230.36-0.43-0.19-0.21
-0.07-0.15-0.040.00.310.3-0.43-0.26-0.44-0.350.58-0.29-0.32-0.280.37-0.16-0.26-0.390.57-0.32-0.22-0.160.33-0.17-0.15
0.470.370.050.40.390.030.210.120.03-0.040.250.20.19-0.020.330.350.160.110.57-0.18-0.270.06-0.29-0.470.06
0.290.110.52-0.060.24-0.01-0.08-0.03-0.04-0.010.23-0.06-0.06-0.010.130.120.07-0.13-0.32-0.18-0.20.090.41-0.250.1
-0.42-0.6-0.18-0.52-0.720.120.0-0.310.040.17-0.48-0.33-0.330.33-0.47-0.57-0.06-0.23-0.22-0.27-0.2-0.16-0.110.530.04
0.020.30.08-0.14-0.070.170.31-0.10.13-0.02-0.080.370.57-0.16-0.270.340.40.36-0.160.060.09-0.16-0.18-0.03-0.14
-0.39-0.310.09-0.380.150.15-0.69-0.27-0.45-0.310.47-0.4-0.53-0.290.14-0.28-0.33-0.430.33-0.290.41-0.11-0.180.1-0.16
-0.84-0.69-0.46-0.76-0.860.08-0.45-0.28-0.130.01-0.39-0.25-0.28-0.14-0.65-0.65-0.4-0.19-0.17-0.47-0.250.53-0.030.1-0.22
0.050.280.02-0.10.40.060.57-0.10.830.93-0.55-0.35-0.40.94-0.460.310.63-0.21-0.150.060.10.04-0.14-0.16-0.22
Click cells to compare fundamentals

First Bancorp Account Relationship Matchups

First Bancorp fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding217.1M217.7M211.3M192.0M177.2M186.0M
Total Assets12.6B18.8B20.8B18.6B18.9B12.3B
Short Long Term Debt Total754.2M623.8M398.7M858.8M661.7M756.8M
Total Stockholder Equity2.2B2.3B2.1B1.3B1.5B1.2B
Property Plant And Equipment Net150.0M158.2M146.4M142.9M210.5M125.8M
Net Debt207.5M(809.8M)(2.2B)380.0M(525K)(498.8K)
Retained Earnings1.2B1.2B1.4B1.6B1.8B1.9B
Cash546.7M1.4B2.5B478.8M662.2M416.4M
Non Current Assets Total2.5B5.2B6.9B6.2B18.2B11.5B
Non Currrent Assets Other(2.5B)(329.3M)(328.9M)(433.2M)12.1B7.0B
Other Assets6.8B6.9B4.3B6.4B(851.3M)(893.8M)
Cash And Short Term Investments2.8B6.1B9.0B6.0B662.5M629.3M
Net Receivables464.7M542.5M636.5M788.0M77.7M73.8M
Liabilities And Stockholders Equity12.6B18.8B20.8B18.6B18.9B12.3B
Non Current Liabilities Total754.2M623.8M383.8M231.6M5.4B5.7B
Other Stockholder Equity941.2M946.0M736.1M463.7M268.3M374.7M
Total Liab10.4B16.5B18.7B17.3B17.4B11.2B
Property Plant And Equipment Gross150.0M158.2M398.1M407.2M419.9M440.9M
Total Current Assets3.2B6.7B9.6B6.1B1.5B1.4B
Other Current Liab(180.6M)(294.4M)(214.9M)(231.6M)(706.6M)(671.3M)
Total Current Liabilities180.6M276.7M214.9M231.6M208.4M198.0M
Accumulated Other Comprehensive Income6.8M55.5M(84.0M)(804.8M)(639.2M)(607.2M)
Short Term Debt140.3M259.1M215.0M566.9M475M355.7M
Common Stock Total Equity22.2M22.2M22.3M20.2M18.2M32.8M
Common Stock22.2M22.2M22.3M22.4M486.1M21.2M
Accounts Payable180.6M276.7M214.9M231.6M208.4M198.0M
Short Term Investments2.2B4.7B6.5B5.6B5.2B5.0B
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 Equipment150.0M158.2M146.4M142.9M164.4M160.1M
Intangible Assets34.3M40.9M29.9M21.1M13.4M12.7M
Net Tangible Assets2.2B2.2B2.0B1.3B1.5B1.9B
Retained Earnings Total Equity1.1B1.2B1.2B1.4B1.6B940.0M
Capital Surpluse941.7M946.5M738.3M486.1M437.5M694.7M
Long Term Investments138.7M4.9B6.7B6.1B5.6B3.2B

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.
Pair CorrelationCorrelation Matching

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.