Dow Up2.00% Nasdaq Up1.66%

First Bancorp (FBP)

2.43 Up 0.24(10.96%) Feb 12, 4:01PM EST
ProfileGet Profile for:
First Bancorp
First Federal Building
1519 Ponce de Le
Santurce, PR 00908
United States - Map
Phone: 787-729-8200

Index Membership:N/A
Industry:Foreign Regional Banks
Full Time Employees:N/A

Business Summary 

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. Its Commercial and Corporate Banking segment offers commercial real estate and construction loans, and floor plan financings; and cash management and business management services, as well as underwrites bonds and financial advisory services provided to government entities. The company’s Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit, as well as engages in the finance leases and insurance activities. Its Mortgage Banking segment is involved in origination, sale, securitization, and servicing ofvarious residential mortgage loan products and related hedging activities; acquisition and sale of mortgages in the secondary markets; and provision of mortgage loans purchased from other local banks and mortgage bankers. The company’s Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management. Its United States Operations segment offers checking, savings, and money market accounts; and residential mortgages, home equity loans, lines of credit, and automobile loans, as well as Internet banking services, cash management services, remote data capture, and automated clearing house transactions. The company’s Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of March 1, 2015, First BanCorp. operated 54 branches in Puerto Rico, 12 branches in the U.S. Virgin Islands and British Virgin Islands, and 10 branches in the state of Florida. The company was founded in 1948 and is headquartered in Santurce, Puerto Rico.

Key Statistics

Company Websites 
Home Page
Search Yahoo! for:
More on First Bancorp

Corporate Governance 
First Bancorp’s ISS Governance QuickScore as of Feb 1, 2016 is 7. The pillar scores are Audit: 2; Board: 10; Shareholder Rights: 4; Compensation: 7.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Aurelio Aleman-Bermudez , 57
Chief Exec. Officer, Pres, Director, Member of Asset/Liability Committee, Member of Credit Committee and Director of Firstbank Puerto Rico
Mr. Orlando Berges-Gonzalez CPA, 58
Chief Financial Officer and Exec. VP
Mr. Lawrence Odell Esq., 68
Exec. VP, Gen. Counsel, Sec. and Sec. of FirstBank Puerto Rico
Mr. Cassan Pancham , 55
Exec. VP, Bus. Group Exec. and Exec. VP of FirstBank Puerto Rico
Mr. Calixto García-Vélez , 48
Exec. VP of Florida Region and Florida Region Exec. of FirstBank Puerto Rico
Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
View Insiders