Company Description
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers.
The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.
The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans, as well as other products, such as cash management and business management services.
The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; and purchase of mortgage loans from branch and mortgage bankers.
The Consumer (Retail) Banking segment provides auto loans, finance leases, boat and personal loans, credit card loans, and lines of credit; and interest-bearing and non-interest-bearing checking and savings accounts, and individual retirement accounts and retail certificates of deposit (CDs), as well as insurance agency services.
The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans, residential mortgages, term and construction loan, home equity loans, lines of credit, FHLB advances, and brokered CDs; and internet banking, cash management, remote deposit capture, and automated clearing house transactions services.
The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities.
First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.
| Country | United States |
| Founded | 1948 |
| Industry | Banks - Regional |
| Sector | Financials |
| Employees | 3,168 |
| CEO | Aurelio Aleman-Bermudez |
Contact Details
Address: 1519 Ponce De Leon Ave, Santurce San Juan, PR 00908-0146 Puerto Rico | |
| Phone | (787) 729-8200 |
| Website | 1firstbank.com |
Stock Details
| Ticker Symbol | FBP |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001057706 |
| CUSIP Number | 318672706 |
| ISIN Number | PR3186727065 |
| Employer ID | 66-0561882 |
| SIC Code | 6022 |
Key Executives
| Name | Position |
|---|---|
| Aurelio Aleman-Bermudez | President, Chief Executive Officer and Director |
| Orlando Berges-González C.P.A. | Executive Vice President and Chief Financial Officer |
| Donald L. Kafka | Executive Vice President and Chief Operating Officer |
| Cassan A. Pancham | Executive Vice President and Business Group Director |
| Nayda Rivera-Batista CPA | Executive Vice President and Chief Risk Officer |
| Said Ortiz CPA | Chief Accounting Officer, Controller and Senior Vice President |
| Ramon Rodriguez C.F.A. | Senior Vice President of Corporate Strategy / Investor Relations |
| Sara Alvarez-Cabrero | Executive Vice President, General Counsel and Secretary of the Board |
| Ginoris Lopez-Lay | Executive Vice President and Strategic Management Director |
| Thomas Michael McDonald | Executive Vice President and Business Group Director |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Apr 8, 2024 | ARS | Filing |
| Apr 8, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Apr 8, 2024 | DEF 14A | Other definitive proxy statements |
| Mar 27, 2024 | 8-K | Current Report |
| Mar 11, 2024 | 144 | Filing |
| Mar 5, 2024 | 144 | Filing |
| Mar 5, 2024 | 144 | Filing |
| Feb 28, 2024 | 10-K | Annual Report |
| Feb 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |