OverviewSuggest Edit

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.

TypePublic
Founded1948
HQPinecrest, FL, US
Website1firstbank.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Feb 2020)2,674(+2%)
Revenue (FY, 2020)$804.2 M(+5%)
Share Price (May 2022)$13.7(+3%)
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

First BanCorp Office Locations

First BanCorp has offices in Pinecrest, Miami, Charlotte Amalie West St. Thomas, Christiansted and in 1 other location
Pinecrest, FL, US (HQ)
9795 S Dixie Hwy
Miami, FL, US
800 Waterford Way #800
Christiansted, VI
13 King St
Frederiksted, VI
Strand St
Show all (6)

First BanCorp Financials and Metrics

First BanCorp Revenue

First BanCorp's revenue was reported to be $804.21 m in FY, 2020
USD

Revenue (Q1, 2021)

207.2m

Net income (Q1, 2021)

61.2m

Market capitalization (13-May-2022)

2.8b

Closing stock price (13-May-2022)

13.7

Cash (31-Mar-2021)

1.5b

EV

1.4b
First BanCorp's current market capitalization is $2.8 b.
Annual
USDFY, 2011FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

108.0m695.3m686.9m673.2m650.8m707.3m766.5m804.2m

Revenue growth, %

(1%)(2%)

Sales and marketing expense

12.3m16.5m15.2m11.4m12.5m14.8m15.7m12.1m

R&D expense

7.8m7.7m6.8m6.1m6.4m6.9m8.4m
USDQ2, 2011

Financial Leverage

14 x
Show all financial metrics

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

767270

Non-performing Loans

$523.9 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
Show all operating metrics

First BanCorp Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

First BanCorp Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

First BanCorp Online and Social Media Presence

Embed Graph

First BanCorp News and Updates

Republic First Bancorp, Inc. Receives Notice of Filing Delinquency From Nasdaq

PHILADELPHIA, April 06, 2022 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) ( the “Company”), the holding company for Republic Bank, received written notification from The NASDAQ Stock Market (“Nasdaq”) on April 1, 2022 that the Company is no longer in compliance with the Nasdaq L…

First Bancorp initiated with outperform rating at Raymond James

First Bancorp drew an outperform rating and a price target of $49 a share as Raymond James initiated coverage of the regional bank on Monday. Analyst Daniel Tamayo said the stock is trading at a discount to its peers based on its price-to-earnings ratio. "We believe shares have underperformed peers…

Republic First Bancorp, Inc. Comments on Recent Schedule 13D Filings

Board of Directors Affirms its Commitment as Fiduciaries to Maximize Value

First Bancorp Announces Cash Dividend Increase and Share Repurchase Authorization

SOUTHERN PINES, N.C., Feb. 7, 2022 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on April 25, 2022 to shareholders of record as of March 31, 2022. The...

Republic First Bancorp, Inc. to Report Fourth Quarter Financial Results on January 20, 2022

PHILADELPHIA, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the fourth quarter of 2021 on Thursday, January 20, 2022. The Company will hold a conference call to review t…

Republic First Bancorp, Inc. Reports Third Quarter Financial Results

Deposits Grow 27% and Net Income Increases To $19 Million Deposits Grow 27% and Net Income Increases To $19 Million
Show more

First BanCorp Frequently Asked Questions

  • When was First BanCorp founded?

    First BanCorp was founded in 1948.

  • How many employees does First BanCorp have?

    First BanCorp has 2,674 employees.

  • What is First BanCorp revenue?

    Latest First BanCorp annual revenue is $804.2 m.

  • What is First BanCorp revenue per employee?

    Latest First BanCorp revenue per employee is $300.8 k.

  • Who are First BanCorp competitors?

    Competitors of First BanCorp include Banco do Brasil, Peoples Financial Services and WesBanco.

  • Where is First BanCorp headquarters?

    First BanCorp headquarters is located at 9795 S Dixie Hwy, Pinecrest.

  • Where are First BanCorp offices?

    First BanCorp has offices in Pinecrest, Miami, Charlotte Amalie West St. Thomas, Christiansted and in 1 other location.

  • How many offices does First BanCorp have?

    First BanCorp has 6 offices.