Sifting through countless of stocks in the Banks industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in First Bancorp or OFG Bancorp because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how First Bancorp and OFG Bancorp compare based on key financial metrics to determine which better meets your investment needs.

About First Bancorp and OFG Bancorp

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and businesses. The company accepts deposit products, such as checking, savings, and money market accounts; and time deposits, including certificate of deposits and individual retirement accounts. It also offers commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, and letters of credit, as well as loans for personal uses, home improvement, and automobiles; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, the company provides credit and debit cards, safe deposit box rental services, and electronic funds transfer services consisting of wire transfers; and internet and mobile banking, mobile check deposit, cash management, bank-by-phone services, and remote deposit capture services. Further, it offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans; property and casualty insurance products; and financial planning services. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina.

OFG Bancorp, a financial holding company, provides a range of banking and financial services in the United States. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers savings accounts, certificates of deposit, individual retirement accounts personal, and commercial non-interest and interest-bearing checking accounts; time deposit products; and corporate trust services. It also provides commercial loans, auto loans, mortgage loans, as well as consumer loans, such as personal loans, residential solar panel loans, credit cards, lines of credit, and other loans; mortgage banking services; sale of loans and securitization activities; wealth management activities comprising securities brokerage, insurance agency, captive reinsurance, trust services, and other financial services; and various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. In addition, the company’s portfolio consists of mortgage-backed securities, obligations of U.S. government-sponsored agencies, U.S. Treasury securities, and money market instruments; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company was founded in 1964 and is headquartered in San Juan, Puerto Rico.

Latest Banks and First Bancorp, OFG Bancorp Stock News

As of July 31, 2026, First Bancorp had a $2.6 billion market capitalization, compared to the Banks median of $716.9 million. First Bancorp’s stock is up 23.8% in 2026, up 0.2% in the previous five trading days and up 23.32% in the past year.

Currently, First Bancorp’s price-earnings ratio is 21.5. First Bancorp’s trailing 12-month revenue is $393.3 million with a 32.4% net profit margin. Year-over-year quarterly sales growth most recently was 13.8%. Analysts expect adjusted earnings to reach $4.696 per share for the current fiscal year. First Bancorp currently has a 1.5% dividend yield.

As of July 31, 2026, OFG Bancorp had a $2.2 billion market cap, putting it in the 55th percentile of all stocks. OFG Bancorp’s stock is up 29% in 2026, up 0.9% in the previous five trading days and up 24.61% in the past year.

Currently, OFG Bancorp’s price-earnings ratio is 10.9. OFG Bancorp’s trailing 12-month revenue is $634.5 million with a 33.9% net profit margin. Year-over-year quarterly sales growth most recently was 6.9%. Analysts expect adjusted earnings to reach $5.100 per share for the current fiscal year. OFG Bancorp currently has a 2.6% dividend yield.

How We Compare First Bancorp and OFG Bancorp Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at First Bancorp and OFG Bancorp’s stock grades to see how they measure up against one another.

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First Bancorp and OFG Bancorp Stock Value Grades

Company	Ticker	Value
First Bancorp	FBNC	C
OFG Bancorp	OFG	B

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

First Bancorp has a Value Score of 45, which is Average. OFG Bancorp has a Value Score of 73, which is Value.

The Value Stock Winner: OFG Bancorp

As you can clearly see from the Value Grade breakdown above, OFG Bancorp is considered to have better value than First Bancorp. For investors who focus solely on a company’s valuation, OFG Bancorp could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

First Bancorp and OFG Bancorp’s Quality Grades

Company	Ticker	Quality
First Bancorp	FBNC	D
OFG Bancorp	OFG	D

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

First Bancorp has a Quality Score of 22, which is Weak. OFG Bancorp has a Quality Score of 27, which is Weak.

The Quality Stock Winner: No Clear Winner

Neither First Bancorp or OFG Bancorp has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if First Bancorp or OFG Bancorp is the better investment when it comes to quality.

First Bancorp and OFG Bancorp’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
First Bancorp	FBNC	B
OFG Bancorp	OFG	A

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

First Bancorp has a Earnings Estimate Score of 68, which is Positive. OFG Bancorp has a Earnings Estimate Score of 89, which is Very Positive.

The Earnings Estimate Revisions Grade Winner: OFG Bancorp

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, OFG Bancorp has a better Earnings Estimate Revisions Grade than First Bancorp. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, OFG Bancorp could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other First Bancorp and OFG Bancorp Grades

In addition to Quality, Value and Estimate Revisions, A+ Investor also provides grades for Growth and Momentum.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether First Bancorp and OFG Bancorp pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, First Bancorp or OFG Bancorp Stock?

Overall, First Bancorp stock has a Value Score of 45, Estimate Revisions Score of 68 and Quality Score of 22.

OFG Bancorp stock has a Value Score of 73, Estimate Revisions Score of 89 and Quality Score of 27.

Comparing First Bancorp and OFG Bancorp’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.