First BanCorp. New drawdown: 94.3% below the all-time high (price)
First BanCorp. New is 94.3% below its all-time high, set Dec 14, 2004 (as of market close, Oct 20, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −94.3%
- 5.7% of ATH
- All-time high
- $486.38
- Dec 14, 2004
- Time below the high
- 21.8 yrs
- since Dec 14, 2004
- Worst-ever drawdown
- −99.6%
- Jan 25, 2016
- Longest underwater
- 21.8 yrs
- between all-time highs
- Today's level first reached
- Dec 30, 1993
- 32.8 yrs ago
- Last time this deep
- never before
- no prior −94.3% episode
% of all-time high since 1988: price#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Dec 14, 2004 | Jan 25, 2016 | −99.6% | 11.1 yrs | not yet | 21.8 yrs+ |
| Nov 20, 1989 | Jan 15, 1991 | −47.1% | 14 mo | Jul 7, 1992 | 2.6 yrs |
| Jan 4, 1999 | Mar 13, 2000 | −45.8% | 14 mo | Apr 11, 2002 | 3.3 yrs |
| Apr 6, 1993 | May 27, 1993 | −31.1% | 51 days | Aug 26, 1993 | 5 mo |
| Jul 20, 1998 | Oct 15, 1998 | −27.2% | 3 mo | Dec 23, 1998 | 5 mo |
| Aug 31, 1995 | Nov 15, 1995 | −26.0% | 2 mo | Mar 21, 1996 | 7 mo |
| Jan 7, 1994 | Mar 11, 1994 | −23.4% | 2 mo | Aug 11, 1994 | 7 mo |
| Aug 9, 2002 | Oct 10, 2002 | −20.0% | 2 mo | Mar 28, 2003 | 8 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1988: how far First BanCorp. New stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is First BanCorp. New from its all-time high?
- First BanCorp. New is currently 94.3% below its all-time high, set Dec 14, 2004 (as of market close, Oct 20, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest First BanCorp. New drawdown ever?
- The deepest decline on record in our data (since 1988) took First BanCorp. New 99.6% below its prior high, bottoming Jan 25, 2016. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from FBP; no free deep history exists for First BanCorp. New — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.