First BanCorp (STU:OLWN) Scaled Net Operating Assets: -0.14 (As of Mar. 2026)


STU:OLWN First BanCorp STU:OLWN
80 GF Score
Price €23.00
GF Value €19.15
Valuation Modestly Overvalued
! 5 Warning Signs
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What is First BanCorp Scaled Net Operating Assets?

First BanCorp STU:OLWN -0.86% 80 Scaled Net Operating Assets is -0.14 as of Mar. 2026. GuruFocus rates STU:OLWN with a GF Score™ of 80/100 and a GF Value™ of €19.15 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First BanCorp's operating assets for the quarter that ended in Mar. 2026 was €12,333.9 Mil. First BanCorp's operating liabilities for the quarter that ended in Mar. 2026 was €14,557.0 Mil. First BanCorp's Total Assets for the quarter that ended in Dec. 2025 was €16,339.5 Mil. Therefore, First BanCorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.14.

STU:OLWN
80GF Score
First BanCorp STU:OLWN
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First BanCorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First BanCorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(15777.644-14412.127)/18424.74
=0.07

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=16339.49 - 561.846
=15777.644

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14659.787 - 170.8 - 76.86
=14412.127

First BanCorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(12333.915-14556.969)/16339.49
=-0.14

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=16509.481 - 4175.566
=12333.915

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14807.819 - 173 - 77.85
=14556.969

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of -0.14 mean?
First BanCorp (STU:OLWN) has a Scaled Net Operating Assets of -0.14 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on First BanCorp and its competitors.
Is First BanCorp's Scaled Net Operating Assets too high?
First BanCorp's current Scaled Net Operating Assets is -0.14. Overall, First BanCorp has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First BanCorp's Scaled Net Operating Assets compare to BANF and WSFS?
First BanCorp's Scaled Net Operating Assets of -0.14 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on First BanCorp and its competitors. First BanCorp's current Scaled Net Operating Assets is -0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First BanCorp stock overvalued right now?
Based on GuruFocus' analysis, First BanCorp (STU:OLWN) is currently considered Modestly Overvalued. The stock's GF Value™ is €19.15, compared to a current price of €23.00 — trading 20.1% above its estimated fair value. The current Scaled Net Operating Assets is -0.14. First BanCorp's overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For First BanCorp (STU:OLWN), the current Scaled Net Operating Assets is -0.14 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First BanCorp (STU:OLWN) Overvalued in 2026?

Based on GuruFocus' analysis, First BanCorp stock appears to be overvalued. The current stock price of €23.00 is trading 20.1% above its estimated GF Value™ of €19.15. GuruFocus considers First BanCorp to be Modestly Overvalued.

Key valuation signals for STU:OLWN:

  • Scaled Net Operating Assets: -0.14
  • GF Value™: €19.15 vs. price of €23.00 (20.1% above fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the STU:OLWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First BanCorp Business Description

Other Exchanges FBP:USA
Address 1519 Ponce de Leon Avenue, Stop 23, San Juan, PRI, 00908-0146
First BanCorp is a financial holding company. The company's operating segment includes Mortgage Banking; Consumer (Retail) Banking; Commercial and Corporate Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. The Consumer (Retail) Banking segment generates the majority of revenue, which consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.
80GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€23.00
Price
€19.15
GF Value