First Bancorp
NYSE:FBP

Watchlist Manager
First Bancorp Logo
First Bancorp
NYSE:FBP
Watchlist
Price: 18.625 USD -0.93%
Market Cap: 3.1B USD
Have any thoughts about
First Bancorp?
Write Note

First Bancorp
Investor Relations

From its humble beginnings, First Bancorp has grown to become a significant player in the financial services sector, particularly within its primary market of Puerto Rico and the Virgin Islands. This regional bank, headquartered in San Juan, Puerto Rico, has carved out its niche by focusing on community banking. At its core, First Bancorp thrives on building relationships with its customers, offering a diverse portfolio of services tailored to meet the needs of individuals, small businesses, and larger commercial clients. The bank delivers traditional banking services such as checking and savings accounts, loans, and mortgages while also providing specialized services like wealth management and insurance. First Bancorp’s deep understanding of local markets has been a key driver in its success, enabling it to adapt and respond to the unique economic contexts within its operating regions.

The bank’s revenue generation strategy is multifaceted, strategically leveraging the interest spread between deposits and loans. First Bancorp earns a significant portion of its income through the interest it charges on loans, which range from personal loans to more complex commercial loans. Concurrently, it gathers deposits from customers, paying interest rates that are typically lower than what it earns on loans, thus profiting from this difference. Beyond interest income, First Bancorp also benefits from non-interest income streams, which include fees for products and services such as transaction processing, servicing fees, and commissions on insurance products. By maintaining strong capital management and focusing on risk assessment, First Bancorp has positioned itself as a resilient institution capable of weathering various economic climates while continuing to provide value to its shareholders and serving its community.

Show more

Earnings Calls

Show Transcript
Previous
Next
Loading

Management

Mr. Aurelio Aleman-Bermudez
President, CEO & Director
No Bio Available
Ms. Nayda Rivera-Batista CPA
Executive VP & Chief Risk Officer
No Bio Available
Mr. Said Ortiz CPA
Chief Accounting Officer, Controller & Senior VP
No Bio Available
Mr. Ramon Rodriguez C.F.A.
Senior Vice President of Corporate Strategy / Investor Relations
No Bio Available
Ms. Sara Alvarez-Cabrero
Executive VP, General Counsel & Secretary of the Board
No Bio Available
Ms. Ginoris Lopez-Lay
Executive VP & Strategic Management Director
No Bio Available
Mr. Thomas Michael McDonald
Executive VP & Business Group Director
No Bio Available
Mr. Jose Maria Lacasa
Executive VP & Florida Business Director
No Bio Available
Mr. Juan Carlos Pavia
Executive VP & Chief Credit Officer
No Bio Available

Contacts

Address
SAN JUAN
1519 Ponce De Leon Ave, Piso 9 Pda. 23 Santurce
Contacts
+17877298200.0
www.1firstbank.com