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MarketScreener Homepage  >  Equities  >  Nyse  >  First BanCorp.    FBP   PR3186727065


Business Summary
Logo First BanCorp.
First BanCorp. is a financial holding company. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico (the Bank or FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). It operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Mortgage Banking, which consists of the origination, sale, and servicing of a range of residential mortgage loan products and related hedging activities; Treasury and Investments, which consists of treasury and investment management functions; United States Operations, which consists of all banking activities conducted by FirstBank on the United States mainland, and Virgin Islands Operations, which consists of banking activities conducted by FirstBank in the United States Virgin Islands and British Virgin Islands, including retail and commercial banking services.

Number of employees : 2 674 people.
Sales per Business
USD (in Million)%USD (in Million)%
Consumer (Retail) Banking265.6438.3%296.2639.1% +11.53%
Commercial and Corporate Banking83.8312.1%102.9813.6% +22.84%
Mortgage Banking96.4613.9%85.6311.3% -11.23%
Treasury and Investments64.139.3%73.409.7% +14.45%
United States Operations62.089%65.358.6% +5.27%
Virgin Islands Operations35.555.1%34.034.5% -4.26%
Sales per region
USD (in Million)%USD (in Million)%
Puerto Rico581.2783.9%628.4983% +8.12%
United States86.9912.6%100.2113.2% +15.2%
Virgin Islands39.025.6%37.775% -3.2%
Aurelio Alemán-Bermúdez602009President, Chief Executive Officer & Director
Roberto R. Herencia592011Non-Executive Chairman
Donald L. Kafka592015Chief Operating Officer & Executive Vice President
Orlando Berges-González612020Executive VP, Chief Financial & Accounting Officer
José A. Menéndez-Cortada712011Independent Director
Robert T. Gormley702012Independent Director
Juan Acosta-Reboyras632014Independent Director
Luz A. Crespo612015Independent Director
John Adrian Heffern572017Independent Director
Daniel E. Frye642018Independent Director
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 223,028,185 214,252,038 96.1% 4,799,284 2.2% 87.1%
Stock B 0 22,828,174 0 0.0% 21,384,028 93.7%
The Vanguard Group, Inc. 23,378,682 10.7%
Dimensional Fund Advisors LP 17,611,436 8.07%
Thomas H. Lee Partners LP 10,028,702 4.60%
Oaktree Capital Management LP 9,334,725 4.28%
SSgA Funds Management, Inc. 8,304,933 3.81%
Frontier Capital Management Co. LLC 7,881,700 3.61%
Moore Capital Management LP 7,533,365 3.45%
Mirabella Financial Services LLP 6,879,412 3.15%
Fidelity Management & Research Co. LLC 6,529,472 2.99%
BlackRock Fund Advisors 6,235,302 2.86%
Company contact information
First BanCorp (Puerto Rico)
1519 Ponce de León Avenue
Stop 23
San Juan 00908-0146

Phone : +1.787.729.8200
Fax : +1.787.729.8205
Web : http://www.firstbankpr.com
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Sector Banks - NEC