First BanCorp is a publicly owned financial holding company.  The Corporation provides a wide range of financial services for retail, commercial and institutional clients. First BanCorp has six reportable segments: Commercial and Corporate Banking; Consumer (Retail) Banking; Mortgage Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. The Commercial and Corporate Banking segment consists of the Corporation’s lending and other services for large customers represented by specialized and middle-market clients and the public sector. Mortgage Banking operations consist of the origination, sale, and servicing of a variety of residential mortgage loan products and related hedging activities. The Treasury and Investments segment is responsible for the Corporation’s treasury and investment management functions. The United States Operations segment consists of all banking activities conducted by FirstBank on the United States mainland. The Virgin Islands Operations segment consists of all banking activities conducted by FirstBank in the USVI and BVI, including retail and commercial banking services.

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San Juan, PR
Size (employees)
2,701 (est)
First BanCorp was founded in 1948 and is headquartered in San Juan, PR
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First BanCorp Office Locations

First BanCorp has offices in Pinecrest, Miami, Deerfield Beach, Charlotte Amalie West St. Thomas and in 9 other locations
San Juan, PR (HQ)
1519 Ponce de Leon Avenue
Deerfield Beach, US
1898 W Hillsboro Blvd
Doral, US
108 3905 NW 107th Ave
Hialeah, US
1325 W 49th St
Margate, US
7220 W Atlantic Blvd
Miami, US
848 Brickell Ave
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First BanCorp Financials and Metrics

First BanCorp Revenue

First BanCorp's revenue was reported to be $673.25 m in FY, 2016 which is a 2% decrease from the previous period.

Revenue (Q2, 2018)

348.3 m

Gross profit (Q2, 2018)

298.4 m

Gross profit margin (Q2, 2018), %


Net income (Q2, 2018)

64.2 m

EBIT (Q2, 2018)

255.2 m

Market capitalization (16-Aug-2018)

1.9 b

Closing stock price (16-Aug-2018)


Cash (30-Jun-2018)

790.8 m


1.8 b
First BanCorp's current market capitalization is $1.9 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017


695.3 m686.9 m673.2 m

Revenue growth, %


Cost of goods sold

96.9 m

General and administrative expense

56.7 m
USDQ1, 2018Q2, 2018


172.2 m348.3 m

Cost of goods sold

24.7 m49.9 m

Gross profit

147.5 m298.4 m

Gross profit Margin, %

USDFY, 2017


706 m


141.9 m

Total Assets

12.3 b

Accounts Payable

9 b
USDQ1, 2018Q2, 2018


743.4 m790.8 m


143.1 m144.5 m

Total Assets

12.2 b12.4 b

Accounts Payable

9.1 b9.2 b
USDFY, 2017

Net Income

67 m

Depreciation and Amortization

16.4 m

Cash From Operating Activities

236 m

Cash From Investing Activities

(73.3 m)
USDQ1, 2018Q2, 2018

Net Income

33.1 m

Depreciation and Amortization

3.9 m7.7 m

Cash From Operating Activities

95.4 m158.3 m

Cash From Investing Activities

111.8 m(57.4 m)
USDY, 2018


7.1 x


11.5 x

Financial Leverage

6.5 x
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First BanCorp Operating Metrics

First BanCorp's Total Loans was reported to be $8.7b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

76 72 70

Non-performing Loans

$523.90 m$563.54 m$463.57 m$472.64 m$442.77 m$574.94 m$598.19 m$566.71 m$560.09 m$477.57 m$411.41 m

Total Loans

$8.88 b$9.26 b$9 b$9.07 b$8.87 b$8.89 b$8.64 b$8.65 b$8.68 b$8.62 b$8.69 b
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First BanCorp Online and Social Media Presence

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First BanCorp Company Life and Culture

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