Is FBP or FCF more undervalued in 2026?

CirclFi compares First BanCorp. New (FBP) and First (FCF) using 13 institutional-grade valuation models. FBP has a Quality of Company score of 9.3/10 while FCF scores 8.7/10.

Which is a better buy — FBP or FCF?

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 FBP and FCF valuations compare?

FBP at $24.01 and FCF at $18.90 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FBP vs FCF Valuation Comparison 2026 — Intrinsic Value Analysis

FBP

Banks - Regional

First BanCorp. New

Quality

9.3

out of 10

Value Trap

SAFE

Price

$24.01

Last close

Models

11/13

Active

FCF

Banks - Regional

First

Quality

8.7

out of 10

Value Trap

SAFE

Price

$18.90

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	FBP Fair Value	FBP Upside	FCF Fair Value	FCF Upside
Bayesian DCF	Intrinsic	$13.95	-41.9%	$13.52	-28.5%
Earnings Power Value	Intrinsic	$18.43	-23.2%	$12.12	-35.9%
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	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for FBP vs FCF — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

FBP vs FCF — Which Stock Is More Undervalued?

FBP scores higher with a 9.3/10 quality rating vs FCF's 8.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing First BanCorp. New (FBP) and First (FCF) 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.

FBP currently trades at $24.01 with a QOC of 9.3/10, while FCF trades at $18.90 with a QOC of 8.7/10.

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).