Company First BanCorp.

Equities

FBP

PR3186727065

Banks

Market Closed - Nyse 04:00:02 2024-04-18 pm EDT 5-day change 1st Jan Change
16.44 USD +0.92% Intraday chart for First BanCorp. -2.03% -0.06%

Business Summary

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: 3,168

Sales per Business

USD in Million2022Weight2023Weight Delta
Consumer (Retail) Banking
70.8 %
521 56.7 % 659 70.8 % +26.41%
Mortgage Banking
9.7 %
115 12.5 % 90 9.7 % -21.55%
United States Operations
9.3 %
83 9.1 % 86 9.3 % +3.33%
Commercial and Corporate Banking
8.2 %
128 13.9 % 76 8.2 % -40.68%
Virgin Islands Operations
3.3 %
32 3.4 % 31 3.3 % -2.26%
Treasury and Investments
-1.3 %
40 4.3 % -12 -1.3 % -130.05%

Sales per region

USD in Million2022Weight2023Weight Delta
Puerto Rico
84.9 %
855 86.8 % 981 84.9 % +14.72%
United States
12.0 %
98 9.9 % 139 12.0 % +42.55%
Virgin Islands
3.1 %
33 3.3 % 36 3.1 % +9.32%

Managers

Managers TitleAgeSince
Chief Executive Officer 65 97-12-31
Director of Finance/CFO 66 09-04-30
Chief Operating Officer 64 15-01-11
Investor Relations Contact - -
Comptroller/Controller/Auditor - -
57 -
Corporate Officer/Principal 43 13-12-31
Corporate Officer/Principal 62 12-08-31
General Counsel 48 02-12-31
Corporate Officer/Principal 50 01-12-31

Members of the board

Members of the board TitleAgeSince
Director/Board Member 62 20-10-29
Director/Board Member 68 00-12-31
Director/Board Member 66 15-02-03
Chief Executive Officer 65 97-12-31
Chairman 64 11-10-23
Director/Board Member 62 17-10-25
Director/Board Member 67 19-01-23
Director/Board Member 69 18-08-28
Director/Board Member 64 21-03-30

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 221,006,694 163,267,395 ( 73.87 %) 54,360,304 ( 24.60 %) 73.87 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
14.58 %
24,393,905 14.58 % 428 M $
Vanguard Fiduciary Trust Co.
13.13 %
21,965,856 13.13 % 385 M $
Fidelity Management & Research Co. LLC
7.180 %
12,013,815 7.180 % 211 M $
Dimensional Fund Advisors LP
6.034 %
10,096,761 6.034 % 177 M $
9,173,043 5.482 % 161 M $
AllianceBernstein LP
5.133 %
8,588,614 5.133 % 151 M $
American Century Cos., Inc.
4.589 %
7,678,913 4.589 % 135 M $
Geode Capital Management LLC
2.392 %
4,002,737 2.392 % 70 M $
BNY Mellon Investment Adviser, Inc.
2.131 %
3,565,883 2.131 % 63 M $
JPMorgan Investment Management, Inc.
2.114 %
3,537,610 2.114 % 62 M $

Company contact information

First BanCorp (Puerto Rico)

1519 Ponce de León Avenue Stop 23

00908-0146, San Juan

+

http://www.fbpinvestor.com
address First BanCorp.(FBP)

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
16.44 USD
Average target price
19.4 USD
Spread / Average Target
+18.00%
Consensus
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