First BanCorp. New
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Aurelio Alemán-Bermúdez
- Full Time Employees
- 3,218
- Sector
- Finance
- Industry
- Regional banks
- Address
- 1519 Ponce de León Avenue San Juan PR Puerto Rico 00908
- IPO Date
- Jan 13, 1987
- CIK
- 0001057706
- Website
- 1firstbank.com
- Similar Companies
- Business
- First BanCorp. operates as the bank holding company for FirstBank Puerto Rico, a full-service financial institution that provides personal, commercial, corporate, and mortgage banking products and services to retail, commercial, and institutional clients. The company offers through its six segments checking and savings accounts, money market accounts, certificates of deposit; auto loans, personal loans, credit cards, finance leases, home equity lines of credit, and other consumer credit products; residential mortgage loans, commercial real estate loans, construction loans, commercial and industrial loans; cash management, remote deposit capture, internet banking, automated clearing house services; insurance agency services; as well as treasury and investment activities including fund management and hedging. First BanCorp. conducts operations primarily in Puerto Rico, the United States including Florida, and the U.S. and British Virgin Islands; founded in 1948, it maintains headquarters in San Juan, Puerto Rico. In recent developments, the company reports strong loan portfolio growth exceeding $13.1 billion with expansions in commercial, residential mortgage, and consumer lending across its regions; authorizes a new $200 million stock repurchase program executed at management's discretion through late 2025 while repurchasing $50 million in the most recent quarter; achieves core deposit increases to $12.8 billion alongside net interest margin expansion to 4.57%; and launches digital enhancements such as Samsung Pay and Google Pay integration for Mastercard debit cards.
Company News
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