Stock FBP FIRST BANCORP.
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Company First BanCorp.

Equities

FBP

PR3186727065

Banks

Market Closed - Nyse
Other stock markets
 21:00:02 26/04/2024 BST 		5-day change 1st Jan Change
17.24 USD -1.93% Intraday chart for First BanCorp. +1.95% +4.80%
04-25 Keefe Bruyette & Woods Adjusts First BanCorp Price Target to $21 From $19, Maintains Outperform Rating MT
04-23 Transcript : First BanCorp., Q1 2024 Earnings Call, Apr 23, 2024

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
Aurelio Alemán-Bermúdez CEO
 Chief Executive Officer 65 31/12/97
Orlando Berges-González DFI
 Director of Finance/CFO 66 30/04/09
Donald Kafka COO
 Chief Operating Officer 64 11/01/15
Ramón Rodríguez IRC
 Investor Relations Contact - -
Said Ortiz AUD
 Comptroller/Controller/Auditor - -
Lilian Díaz-Bento
57 -
Juan Pavia PRN
 Corporate Officer/Principal 43 31/12/13
T. McDonald PRN
 Corporate Officer/Principal 62 31/08/12
Sara Álvarez Cabrero LAW
 General Counsel 48 31/12/02
Nayda Rivera-Batista PRN
 Corporate Officer/Principal 50 31/12/01

Members of the board

Members of the board TitleAgeSince
Félix M. Villamil Pagani BRD
 Director/Board Member 62 29/10/20
Juan Acosta-Reboyras BRD
 Director/Board Member 68 31/12/00
Luz Crespo BRD
 Director/Board Member 66 03/02/15
Aurelio Alemán-Bermúdez CEO
 Chief Executive Officer 65 31/12/97
Roberto Herencia CHM
 Chairman 64 23/10/11
John Heffern BRD
 Director/Board Member 62 25/10/17
Tracey Dedrick BRD
 Director/Board Member 67 23/01/19
Daniel Frye BRD
 Director/Board Member 69 28/08/18
Patricia Eaves BRD
 Director/Board Member 64 30/03/21

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 223,663,116 163,328,005 ( 73.02 %) 56,956,069 ( 25.47 %) 73.02 %

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 $
STATE STREET CORPORATION
5.482 %
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 $
JPMorgan Investment Management, Inc.
2.114 %
3,537,610 2.114 % 62 M $
BNY Mellon Investment Adviser, Inc.
1.974 %
3,302,571 1.974 % 58 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)

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Sales per Business

Sales per region

Ratings for First BanCorp.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
17.24 USD
Average target price
20.2 USD
Spread / Average Target
+17.17%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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