Headquartered in San Juan, PR Fiscal year ends December NYSE: FBP 1firstbank.com
First BanCorp (NYSE: FBP) is a bank holding company and the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. Virgin Islands, the British Virgin Islands, and Florida. The company also operates First Bank Insurance Agency. FirstBank provides a full range of commercial and consumer banking services, including commercial and construction lending, residential mortgage loans, auto loans and finance leases, credit card services, deposit accounts, insurance commission products, mortgage banking, and card processing services. The company serves retail customers, commercial enterprises, and government entities, with particular concentration in the Puerto Rico market where it holds significant deposit market share including fully collateralized government deposits. Its loan portfolio of approximately $13.1 billion spans commercial mortgages, C&I lending, residential mortgages, consumer loans, and construction financing across its three geographic regions. Updated
FirstBank has raised its dividend four times in five years, but nearly every loan on its books ties back to a single Caribbean island economy with a growing pile of auto delinquencies…
First BanCorp (NYSE: FBP) is a bank holding company and the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. Virgin Islands, the British Virgin Islands, and Florida.
The Wall Street consensus 12-month price target for FBP is $31.43.
