MARKET COMPOSITE
FBP - First Bancorp PR5:00:03 PM 4/16/2024
Price
$16.42
-0.18 (-1.08%)
First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. The company operates in 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 real estate and construction loans, floor plan financing, and cash and business management services. The Mortgage Banking segment is involved in the origination, sale, and servicing of various residential mortgage loan products and related hedging activities; and acquisition and sale of mortgages in the secondary markets. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs); finance leasing and insurance services. The Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management. The United States Operations segment offers checking, savings, and money market accounts, as well as retail CDs; and residential mortgages, home equity loans, lines of credit, and term loans, as well as Internet banking, cash management, remote data capture, automated clearing house transaction services. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2019, the company operated 46 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 10 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in Santurce, Puerto Rico.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue230.3MM+0%
Operating Income84.9MM-22%
Operating Expenses126.6MM+9%
Net Income79.5MM-3%
Compensation55.6MM-2%
Technology2.1MM-4%
Professional Service11.2MM+2%
Provision18.8MM-
Amortization1.8MM-6%
Interest Expense68.8MM+8%
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Stock news

    SAN JUAN, Puerto Rico, April 02, 2024--First BanCorp (the "Corporation") (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the first quarter ended March 31, 2024, before the market opens on April 23, 2024.

    nCino to provide Puerto Rican bank with platform to deliver exceptional customer experiences and create new efficiencies across its commercial lending services from origination to portfolio managementSAN JUAN, Puerto Rico, March 20, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that FirstBank Puerto Rico, a subsidiary of First BanCorp (NYSE: FBP), has partnered with nCino to offer a more modern commerci

    Director Crespo Luz of First BanCorp (NYSE:FBP), the parent company of FirstBank Puerto Rico, has sold 10,000 shares of the company's stock, according to a recent SEC filing.

    First BanCorp.'s ( NYSE:FBP ) periodic dividend will be increasing on the 8th of March to $0.16, with investors...

    SAN JUAN, Puerto Rico, February 08, 2024--First BanCorp. (the "Corporation") (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share, which represents an increase of 14% or $0.02 per common share compared to its most recent dividend paid in December 2023. The dividend is payable on March 8, 2024 to shareholders of record at the close of business on February 23, 2024.

    By buying an index fund, investors can approximate the average market return. But if you pick the right individual...

    First BanCorp. (NYSE:FBP) Q4 2023 Earnings Call Transcript January 24, 2024 First BanCorp. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, everyone, and welcome to First Bancorp’s Fourth Quarter and Full Year 2023 Financial Results. All lines have […]

    Q4 and Full-Year Earnings Highlighted by Solid Loan Growth and Robust Capital Ratios

    SAN JUAN, Puerto Rico, January 24, 2024--First BanCorp. (the "Corporation" or "First BanCorp.") (NYSE: FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank" or "the Bank"), today reported a net income of $79.5 million, or $0.46 per diluted share, for the fourth quarter of 2023, compared to $82.0 million, or $0.46 per diluted share, for the third quarter of 2023, and $73.2 million, or $0.40 per diluted share, for the fourth quarter of 2022.

    SAN JUAN, Puerto Rico, January 08, 2024--First BanCorp (the "Corporation") (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the fourth quarter ended December 31, 2023, before the market opens on January 24, 2024.