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 Its shares trade on NYSE under the symbol FBP.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 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
Charlotte Amalie First Bank
Photo: Coolcaesar at en.wikipedia, CC BY-SA 3.0, via Wikimedia Commons9

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 margin10
6.7%Revenue growth, 202510
17.5%Return on equity10
0.15×Debt to equity10
$437.5MFree cash flow10

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$679.2M1061%up 5% from 2024
  2. Commercial and Corporate$181.9M1016%up 10% from 2024
  3. United States Operations$90.9M108%up 11% from 2024
  4. Mortgage Banking$85.8M108%down 0% from 2024
  5. Virgin Islands Operations$75.3M107%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$1.1B1084%up 2% from 2024
  2. United States$161.2M1013%up 7% from 2024
  3. VI$41.0M103%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.10

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.10

Financial statements

Revenue1112131410$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 income1112131410$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.10

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

Compare First BanCorp with another company

Corporate structure

First BanCorp sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of First BanCorp

  • First BanCorp Abingdon, Virginia, United States
    • First Management of Subsidiary · Puerto Rico, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What First BanCorp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$30.0M10 Dec 31, 2025$30.0M10 Dec 31, 20240%
Buildings and improvements$144.3M10 Dec 31, 2025$144.9M10 Dec 31, 2024−0.5%
Furniture and fixtures$155.1M10 Dec 31, 2025$152.6M10 Dec 31, 2024+1.6%
Leasehold improvements$78.1M10 Dec 31, 2025$79.5M10 Dec 31, 2024−1.7%
Construction in progress$4.3M10 Dec 31, 2025$1.2M10 Dec 31, 2024+266.9%
Accumulated depreciation$284.8M10 Dec 31, 2025$274.7M10 Dec 31, 2024+3.7%
Property and equipment, net$126.9M10 Dec 31, 2025$133.4M10 Dec 31, 2024−4.9%
Operating-lease assets (leased space)$72.2M10 Dec 31, 2025$63.2M10 Dec 31, 2024+14.3%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$4.6B10 Dec 31, 2025$4.6B10 Dec 31, 2024−0.2%
Debt securities held to maturity$265.3M10 Dec 31, 2025$317.8M10 Dec 31, 2024−16.5%
Loans, net of allowance$12.9B10 Dec 31, 2025$12.5B10 Dec 31, 2024+3.0%
Deposits held (banks)$16.7B10 Dec 31, 2025$16.9B10 Dec 31, 2024−1.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$38.6M10 Dec 31, 2025$38.6M10 Dec 31, 20240%
Finite-lived intangibles, net$3.5M10 Dec 31, 2025$7.0M10 Dec 31, 2024−50.4%

Properties, in its own words

of this 16-story office building is owned by the Corporation.

Financing, and Leasing Financing, among others.

The rest of Item 2

presently conducted.

Item 2 of the 10-K filed Feb 27, 2026.18

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.

Board members and other officers (47)

Products and brands

  • transactional account

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • First Management of Puerto Rico, LLC8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 22, 20268-K Completed an acquisition or sale73
  2. Jul 1, 20268-K Executive or director change74
  3. May 12, 20268-K Executive or director change; Shareholder vote75
  4. Apr 22, 20268-K Results of operations76
  5. Feb 9, 20268-K Executive or director change77
  6. Jan 27, 20268-K Results of operations78
  7. Oct 23, 20258-K Results of operations79
  8. Jul 22, 20258-K Results of operations80
  9. Jun 16, 20258-K Executive or director change81
  10. May 27, 20258-K Shareholder vote82
  11. May 16, 20258-K Executive or director change83
  12. Apr 24, 20258-K Results of operations84
  13. Nov 4, 2009New chief executive Aurelio Aleman becomes CEO19
  14. Mar 14, 2006New chief executive Luis Beauchamp becomes CEO20
  15. Jan 3, 1991Founded First BanCorp is founded4

Calendar

Coming up

  1. Oct 22, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.51 a share, on Oct 23, 2025.85

When it reported results

  1. Apr 22, 2026Reported quarterly or annual results76
  2. Jan 27, 2026Reported quarterly or annual results78
  3. Oct 23, 2025Reported quarterly or annual results79
  4. Jul 22, 2025Reported quarterly or annual results80
  5. Apr 24, 2025Reported quarterly or annual results84
  6. Jan 23, 2025Reported quarterly or annual results86
  7. Oct 23, 2024Reported quarterly or annual results87
  8. Jul 23, 2024Reported quarterly or annual results88

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

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.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Aurelio AlemánPresident and Chief Executive Officer$1.1M$5.0M98
2025Orlando BergesExecutive Vice President and Chief Financial Officer$600.0K$1.6M98
2025Nayda RiveraExecutive Vice President and Chief Customer Officer and Chief of Staff$550.0K$1.5M98
2025Juan C. PavíaExecutive Vice President and Chief Credit Officer$493.5K$1.3M98
2025Lilian Díaz-BentoExecutive Vice President and Business Group Director$468.5K$1.1M98
2024Aurelio AlemánPresident and Chief Executive Officer$1.1M$4.8M98
2024Orlando BergesExecutive Vice President and Chief Financial Officer$600.0K$1.6M98
2024Nayda RiveraExecutive Vice President and Chief Customer Officer and Chief of Staff$537.1K$1.4M98
2024Juan C. PavíaExecutive Vice President and Chief Credit Officer$462.1K$1.2M98
2023Aurelio AlemánPresident and Chief Executive Officer$1.0M$4.1M98
2023Orlando BergesExecutive Vice President and Chief Financial Officer$600.0K$1.5M98
2023Nayda RiveraExecutive Vice President and Chief Customer Officer and Chief of Staff$500.0K$1.3M98
2023Juan C. PavíaExecutive Vice President and Chief Credit Officer$425.0K$1.0M98

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).

SEC filer profile

How First BanCorp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFIRST BANCORP /PR/2
  • CIK0001057706
  • Employer ID (EIN)66-056188218
  • Filer statusLarge accelerated filer18
  • Incorporated inPuerto Rico18
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address1519 Ponce De Leon Ave, Santurce, San Juan, PR 00908-01462
  • Mailing address1519 Ponce De Leon Ave, Po Box 9146, San Juan, PR 00908-01462
  • Phone78772982002
  • Shares outstanding152,668,268 as of Aug 3, 202616
  • Public float$3.2B as of Jun 30, 202518
  • AuditorCrowe LLP, Atlanta, Georgia PCAOB ID 17318
  • On EDGAR sinceApr 24, 19982
  • Filings3,205 in all: 4 (2,130), 8-K (347), 10-Q (81), 4/A (71), SC 13G/A (63), 11-K (48), 3 (43), DEF 14A (31)2
    All 57 form types

    144 (28), 10-K (27), SC 13G (26), CORRESP (24), UPLOAD (24), DEFA14A (22), 8-K/A (21), S-1/A (16), SC 13D/A (16), SC TO-I/A (15), 5 (14), NT 11-K (13), NT 10-Q (10), 424B4 (8), ARS (8), S-3/A (8), 424B3 (7), EFFECT (7), PRE 14A (7), PRER14A (7), S-3 (7), S-8 (7), 425 (6), 8-A12B (6), S-4/A (6), NT 10-K (5), SC 13D (5), 10-K/A (4), 424B5 (4), SC TO-C (4), 10-Q/A (3), S-1 (3), CERTNYS (2), FWP (2), S-4 (2), SC TO-I (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 10-K405 (1), 11-K/A (1), 25 (1), 3/A (1), 424B1 (1), 5/A (1), 8-A12B/A (1), IRANNOTICE (1), RW (1), S-3MEF (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 25, 2026
    Latest 8-K (8-K) Jul 22, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock ($0.10 par value)FBPNYSE

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks First BanCorp names in Item 1A of its 10-K filed Feb 27, 2026: 11 risks under these headings, as written.18

  • Changes in prepayments may adversely affect net interest income.
  • constraints, and increased regulatory requirements and costs.
  • in the future.
  • climate patterns or other catastrophic events.
  • Deterioration in collateral values may result in additional losses.
  • affect our clients’ operations as well as our business and operations.
  • Our businesses may be adversely affected by litigation.
  • Our ability to use our NOL carryforwards may be limited.
  • as well as cause legal or reputational harm.
  • legal obligations, could have a material adverse effect on our business.
  • statutes and regulations.

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
  92. 92
  93. 93
  94. 94
  95. 95
  96. 96
  97. 97
  98. 98