Split History
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First Bancorp (FBP) has 7 splits in our FBP split history database. The first split for FBP took place on March 01, 1993. This was a 3 for 2 split, meaning for each 2 shares of FBP owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. FBP's second split took place on November 16, 1993. This was a 3 for 2 split, meaning for each 2 shares of FBP owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. FBP's third split took place on June 12, 1995. This was a 3 for 2 split, meaning for each 2 shares of FBP owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. FBP's 4th split took place on June 01, 1998. This was a 2 for 1 split, meaning for each share of FBP owned pre-split, the shareholder now owned 2 shares. For example, a 3375 share position pre-split, became a 6750 share position following the split. FBP's 5th split took place on October 01, 2002. This was a 3 for 2 split, meaning for each 2 shares of FBP owned pre-split, the shareholder now owned 3 shares. For example, a 6750 share position pre-split, became a 10125 share position following the split. FBP's 6th split took place on July 01, 2005. This was a 2 for 1 split, meaning for each share of FBP owned pre-split, the shareholder now owned 2 shares. For example, a 10125 share position pre-split, became a 20250 share position following the split. FBP's 7th split took place on January 07, 2011. This was a 1 for 15 reverse split, meaning for each 15 shares of FBP owned pre-split, the shareholder now owned 1 share. For example, a 20250 share position pre-split, became a 1350 share position following the split.
When a company such as First Bancorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as First Bancorp conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the FBP split history from start to finish, an original position size of 1000 shares would have turned into 1350 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Bancorp shares, starting with a $10,000 purchase of FBP, presented on a split-history-adjusted basis factoring in the complete FBP split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 04/24/2024 | ||
| Start price/share: | $5.13 | ||
| End price/share: | $17.70 | ||
| Starting shares: | 1,949.32 | ||
| Ending shares: | 2,271.71 | ||
| Dividends reinvested/share: | $1.86 | ||
| Total return: | 302.09% | ||
| Average Annual Total Return: | 14.93% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $40,194.67 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 04/24/2024 | ||
| Start price/share: | $5.13 | ||
| End price/share: | $17.70 | ||
| Dividends collected/share: | $1.86 | ||
| Total return: | 281.29% | ||
| Average Annual Total Return: | 14.32% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $38,112.10 | ||
| Years: | 10.00 | ||
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| About First Bancorp |
| First BanCorp is a financial holding company. Co. provides a range of financial services for retail, commercial and institutional clients. Co.'s segments are: Commercial and Corporate Banking, which provides commercial loans; Mortgage Banking, which provides residential mortgage loan products; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Treasury and Investments, which provides treasury and investment management; U.S. Operations, which consists of banking activities in the U.S. mainland; and Virgin Islands Operations, which consists of all banking activities in the U.S. Virgin Islands and the British Virgin Islands regions. According to our FBP split history records, First Bancorp has had 7 splits. |
| FBP Split History Table | |
| Date | Ratio |
| 03/01/1993 | 3 for 2 |
| 11/16/1993 | 3 for 2 |
| 06/12/1995 | 3 for 2 |
| 06/01/1998 | 2 for 1 |
| 10/01/2002 | 3 for 2 |
| 07/01/2005 | 2 for 1 |
| 01/07/2011 | 1 for 15 |
| Financials Stock Splits |
| FBP is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
FBRC Split History Also explore: FBP shares outstanding history
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