Jan 07, 2011
1:15
For every 15 shares held, investors received 1. The price per share adjusted from $0.36 to $5.40.
The split itself did not change the total investment value.
First BanCorp. New (NYSE:FBP) operates in the Regional banks industry.
First BanCorp. New company overviewFirst BanCorp. New's most recent stock split was on January 7, 2011. It was a 1-for-15 reverse split, so shareholders received 1 share for every 15 they held.
First BanCorp. New (NYSE:FBP) has split its stock 8 times: a 11-for-10 split on December 7, 1992, a 3-for-2 split on March 1, 1993, a 3-for-2 split on November 16, 1993, a 3-for-2 split on June 12, 1995, a 2-for-1 split on June 1, 1998, a 3-for-2 split on October 1, 2002, a 2-for-1 split on July 1, 2005, and a 1-for-15 reverse split on January 7, 2011.
First BanCorp. New has split its stock 8 times. This history records 8 splits between December 7, 1992 and January 7, 2011.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In First BanCorp. New's 1-for-15 reverse split on January 7, 2011, every 15 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
First BanCorp. New has not announced a new split in our records. Its most recent split was on January 7, 2011, 15 years ago. Companies announce splits in advance, and any new NYSE:FBP split will appear on this page.
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