Is FBIZ or FBP more undervalued in 2026?

CirclFi compares First Business Financial Servic (FBIZ) and First BanCorp. New (FBP) using 13 institutional-grade valuation models. FBIZ has a Quality of Company score of 7.8/10 while FBP scores 9.3/10.

Which is a better buy — FBIZ or FBP?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do FBIZ and FBP valuations compare?

FBIZ at $57.49 and FBP at $24.01 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FBIZ vs FBP Valuation Comparison 2026 — Intrinsic Value Analysis

FBIZ

Banks - Regional

First Business Financial Servic

Quality

7.8

out of 10

Value Trap

SAFE

Price

$57.49

Last close

Models

11/13

Active

FBP

Banks - Regional

First BanCorp. New

Quality

9.3

out of 10

Value Trap

SAFE

Price

$24.01

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	FBIZ Fair Value	FBIZ Upside	FBP Fair Value	FBP Upside
Bayesian DCF	Intrinsic	$25.91	-54.9%	$13.95	-41.9%
Earnings Power Value	Intrinsic	$22.93	-60.1%	$18.43	-23.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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FBIZ vs FBP — Which Stock Is More Undervalued?

FBP scores higher with a 9.3/10 quality rating vs FBIZ's 7.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing First Business Financial Servic (FBIZ) and First BanCorp. New (FBP) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

FBIZ currently trades at $57.49 with a QOC of 7.8/10, while FBP trades at $24.01 with a QOC of 9.3/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).