FBP on NYSE

First BanCorp

Logo: First Bank, Public domain, via Wikimedia Commons5

Bank based in Puerto Rico

First BanCorp is a publicly traded financial holding company located in San Juan, Puerto Rico.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

Compare with UNITED COMMUNITY BANKS INC, Associated Banc-Corp or First Hawaiian Bank, or pick any stock.

  • TickerFBP on NYSE1
  • Industrybank1
  • HeadquartersSan Juan1
  • Founded inSan Juan1
  • Websitewww.1firstbank.com
  • Incorporated inPR6
  • Business address1519 Ponce De Leon Ave, Santurce, San Juan, Pr 00908-01466
  • Filer categoryLarge accelerated filer6
  • Legal formStock Corporation4
  • LEI549300V6LKROCIL7OI494
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O Hannah T. Ford, 24210 Abingdon, United States4
  • Registered withState Corporation Commission, 036927464

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Charlotte Amalie First Bank
Photo: Coolcaesar at en.wikipedia, CC BY-SA 3.0, via Wikimedia Commons8

First BanCorp is a publicly traded financial holding company located in San Juan, Puerto Rico.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

34.5%Net margin9
6.7%Revenue growth, 20259
17.5%Return on equity9
0.15×Debt to equity9
$437.5MFree cash flow9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Consumer (Retail) Banking brought in 61% of the revenue First BanCorp broke down this way in fiscal 2025.

  1. Consumer (Retail) Banking$679.2M961%up 5% from 2024
  2. Commercial and Corporate$181.9M916%up 10% from 2024
  3. United States Operations$90.9M98%up 11% from 2024
  4. Mortgage Banking$85.8M98%down 0% from 2024
  5. Virgin Islands Operations$75.3M97%up 7% from 2024
Business segments by year
Business segments202320242025
Consumer (Retail) Banking$576.9M$647.1M$679.2M
Commercial and Corporate$153.4M$164.7M$181.9M
United States Operations$77.6M$81.6M$90.9M
Mortgage Banking$87.0M$86.0M$85.8M
Virgin Islands Operations$64.7M$70.6M$75.3M

Regions

PR brought in 84% of the revenue First BanCorp broke down this way in fiscal 2025.

  1. PR$1.1B984%up 2% from 2024
  2. United States$161.2M913%up 7% from 2024
  3. VI$41.0M93%up 5% from 2024
Regions by year
Regions202320242025
PR$980.4M$1.0B$1.1B
United States$139.3M$150.2M$161.2M
VI$36.5M$38.9M$41.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs58¢$584.1M
  • Income tax7¢$71.9M
  • Profit34¢$344.9M

Out of $1.0B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$11.0M
  • Dividends paid26¢$115.5M
  • Share buybacks34¢$153.7M
  • Kept or used elsewhere38¢$168.3M

Out of $448.6M of cash from operations.9

Financial statements

Revenue101112139$1.0B in 2025+52% since 2019
0$500.0M$1.0B$1.5B2019: $657.7M$657.7M20192020: $711.5M$711.5M2020+8%2021: $851.1M$851.1M2021+20%2022: $918.4M$918.4M2022+8%2023: $929.8M$929.8M2023+1%2024: $938.2M$938.2M2024+1%2025: $1.0B$1.0B2025+7%
Net income101112139$344.9M in 2025+106% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $167.4M$167.4M20192020: $102.3M$102.3M2020−39%2021: $281.0M$281.0M2021+175%2022: $305.1M$305.1M2022+9%2023: $302.9M$302.9M2023−1%2024: $298.7M$298.7M2024−1%2025: $344.9M$344.9M2025+15%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Loans$979.1M$965.5M$890.6M
Investment securities$102.9M$92.6M$102.5M
Money market investments and interest-bearing cash accounts$41.1M$37.1M$30.4M
Total interest and dividend income$1.1B$1.1B$1.0B
Deposits$237.7M$253.1M$185.5M
Short-term borrowings$86.0K$18.0K$7.6M
Long-term borrowings$16.4M$34.5M$33.3M
Total interest expense$254.2M$287.7M$226.4M
Net interest income$868.9M$807.5M$797.1M
Loans and finance leases$85.9M$62.9M$66.6M
Unfunded loan commitments-$130.0K-$1.5M$365.0K
Debt securities$185.0K-$1.4M-$6.1M
Provision for credit losses - expense$86.0M$59.9M$60.9M
Net interest income after provision for credit losses$783.0M$747.6M$736.2M
Service charges and fees on deposit accounts$39.1M$38.8M$38.0M
Mortgage banking activities$14.1M$12.7M$10.6M
Gain on early extinguishment of debt$0$0$1.6M
Insurance commission income$13.2M$13.6M$12.8M
Card and processing income$47.4M$46.8M$43.9M
Other non-interest income$18.1M$18.9M$25.8M
Total non-interest income$131.9M$130.7M$132.7M
Employees' compensation and benefits$245.2M$235.7M$222.9M
Occupancy and equipment$88.9M$88.4M$85.9M
Business promotion$16.6M$17.6M$19.6M
Professional service fees$48.1M$49.5M$45.8M
Taxes, other than income taxes$24.0M$22.2M$21.2M
Federal Deposit Insurance Corporation (FDIC) deposit insurance$7.7M$9.8M$14.9M
Net gain on OREO operations-$1.5M-$7.5M-$7.1M
Credit and debit card processing expenses$28.5M$27.6M$26.0M
Communications$9.0M$8.8M$8.6M
Other non-interest expenses$31.8M$34.9M$33.7M
Total non-interest expenses$498.1M$487.1M$471.4M
Income before income taxes$416.7M$391.2M$397.4M
Income tax expense$71.9M$92.5M$94.6M
Net income$344.9M$298.7M$302.9M
Net income attributable to common stockholders$344.9M$298.7M$302.9M
Basic$2.16$1.82$1.72
Diluted$2.15$1.81$1.71

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The story

FirstBank was the first Savings & Loan institution established in Puerto Rico with a capital of $200,000 in 1948. Today, the company provides financial services for retail, commercial and institutional clients in Puerto Rico, US Virgin Islands, British Virgin Islands and Florida. First BanCorp is headquartered in San Juan, Puerto Rico and is ranked the 669th and 1537th Largest Company In The World in Forbes magazine by Total Assets and Profits. On 2006 it had over $18.8 billion in assets.

As of May, 2016, First owed $124.97 million to the US government Troubled Asset Relief Program.

In October 2019, FirstBank announced their intention to purchase Banco Santander de Puerto Rico. The transaction was approved by regulators on July 28, 2020 and should be completed by September 1, 2020.

From Wikipedia’s article on First BanCorp, shared under CC BY-SA 4.0.7

Leadership

Who has led First BanCorp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Luis Beauchamp2006–2009
  2. Aurelio Aleman2009–now

Chair

  1. Luis Beauchamp2009

President

  1. Luis Beauchamp2006–2009
  2. Aurelio Aleman2009–now

Chief financial officer

  1. Luis Cabrera2006
  2. Fernando Scherrer2006–2009
  3. Gonzalez Orlando Berges2009–now

Chief operating officer

  1. Aurelio Aleman2006–2009
  2. Donald Kafka2015–2026
  3. Juan Carlos Pavia2026–now
2010201520202025
Board members and other officers (47)

Products and brands

  • transactional account

Listed on Wikidata.1

Timeline

  1. Nov 4, 2009New chief executive Aurelio Aleman becomes CEO17
  2. Mar 14, 2006New chief executive Luis Beauchamp becomes CEO18
  3. Jan 3, 1991Founded First BanCorp is founded4

Filings

394 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 40 major events, 252 insider forms, 25 large holders, 56 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Sep 4, 20264 EDGAR
  8. Sep 2, 2026144 EDGAR
  9. Aug 28, 20264 EDGAR
  10. Aug 26, 2026144 EDGAR
  11. Aug 19, 20264 EDGAR
  12. Aug 17, 2026144 EDGAR
  13. Aug 7, 202610-Q EDGAR
  14. Aug 6, 2026SCHEDULE 13G/A EDGAR
  15. Jul 24, 2026144 EDGAR
  16. Jul 22, 20268-K EDGAR
  17. Jul 2, 20264 EDGAR
  18. Jul 1, 20268-K/A EDGAR
  19. Jun 22, 2026S-8 POS EDGAR
  20. Jun 22, 2026S-8 EDGAR

The 394 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

59 open-market trades by officers, directors and large owners since October 2021: 3 buys and 56 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 2, 2026HERENCIA ROBERTO RDirectorSale26,350$28.48$750.4KForm 4
Aug 26, 2026RIVERA NAYDAEVP, CCO and Chief of StaffSale10,000$28.19$281.9KForm 4
Aug 17, 2026RIVERA NAYDAEVP, CCO and Chief of StaffSale10,000$29.59$295.9KForm 4
Jun 5, 2026Diaz-Bento LilianEVPSale8,000$24.33$194.6KForm 4
Feb 11, 2026HERENCIA ROBERTO RDirectorSale4,723$22.63$106.9KForm 4
Jan 28, 2026McDonald MichaelEVPSale34,122$22.11$754.4KForm 4
Aug 22, 2025ALEMAN AURELIOPresident and CEOSale50,000$22.30$1.1MForm 4
Aug 19, 2025RIVERA NAYDAEVP, CCO and Chief of StaffSale10,000$21.43$214.3KForm 4
Aug 12, 2025Kafka DonaldEVPSale40,000$20.99$839.6KForm 4
Jun 11, 2025ALEMAN AURELIOPresident and CEOSale22,871$20.52$469.3KForm 4
Jun 11, 2025HERENCIA ROBERTO RDirectorSale14,738$20.42$300.9KForm 4
May 2, 2025RIVERA NAYDAEVP, CCO and Chief of StaffSale10,000$20.20$202.0KForm 4
Feb 7, 2025Power CarlosEVPSale10,321$20.75$214.2KForm 4
Feb 5, 2025Power CarlosEVPSale45,797$20.77$951.2KForm 4
Nov 29, 2024Heffern John A.DirectorSale15,000$20.53$307.9KForm 4
Nov 25, 2024Kafka DonaldEVPSale80,000$21.89$1.8MForm 4
Nov 11, 2024ALEMAN AURELIOPresident and CEOSale50,000$21.64$1.1MForm 4
Nov 8, 2024RIVERA NAYDAEVP, CCO and Chief of StaffSale25,000$21.19$529.8KForm 4
Nov 7, 2024Lopez-Lay GinorisEVPSale64,000$21.75$1.4MForm 4
Nov 6, 2024HERENCIA ROBERTO RDirectorSale100,000$22.18$2.2MForm 4

All 59 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.22,755,871$593.2M0.0%−139,409
Vanguard Portfolio Management LLC12,351,989$322.0M0.0%−652,231
State Street Corp9,001,680$234.7M0.0%+564,547
Dimensional Fund Advisors LP7,922,500$206.5M0.0%+29,271
Vanguard Capital Management LLC6,953,275$181.3M0.0%−22,506
Fmr LLC6,039,458$157.4M0.0%−3,627,468
American Century Companies Inc6,035,164$157.3M0.1%−120,484
Geode Capital Management, LLC5,132,774$133.8M0.0%+387,191
First Trust Advisors LP4,941,179$128.8M0.1%+78,891
Alliancebernstein L.P.5,340,581$114.1M0.0%+1,365,513
Arrowstreet Capital, Limited Partnership3,332,105$86.9M0.0%+670,410
Frontier Capital Management Co LLC2,422,265$63.1M0.6%−501,473
Northern Trust Corp2,260,232$58.9M0.0%+88,869
Morgan Stanley2,249,513$58.6M0.0%+101,646
Norges Bank1,960,975$51.1M0.0%New
Schroder Investment Management Group1,830,419$47.8M0.0%+497,664
Charles Schwab Investment Management Inc1,810,688$47.2M0.0%+147,383
Bank of New York Mellon Corp1,728,218$45.1M0.0%+30,693
Bank Of America Corp /de/1,555,996$40.6M0.0%−74,782
Boston Partners1,538,998$40.1M0.0%−275,963
Two Sigma Investments, LP1,351,558$35.2M0.0%+272,009
Nuveen, LLC1,238,207$32.3M0.0%+55,430
Jacobs Levy Equity Management, Inc1,170,379$30.5M0.1%−128,181
Jpmorgan Chase & Co1,115,402$29.3M0.0%+8,549
Principal Financial Group Inc1,036,699$27.0M0.0%+15,479

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 10, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000−41.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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