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.
Type | Public | |
Founded | 1948 | |
HQ | Pinecrest, FL, US | Map |
Website | 1firstbank.com | |
Employee Ratings | More |
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 |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q1, 2021 |
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Revenue | 38.9m | 14.0m | 8.5m | 14.0m | 15.1m | 13.6m | (51.7m) | 10.1m | 11.4m | 15.9m | 16.2m | 32.7m | 6.7m | 18.8m | 18.5m | 19.8m | 26.1m | 8.2m | 20.5m | 18.6m | 147.5m | 150.9m | 151.0m | 162.7m | 164.8m | 165.8m | 168.8m | 156.1m | 207.2m |
Sales and marketing expense | 3.6m | 2.5m | 2.5m | 3.5m | 4.0m | 3.4m | 3.8m | 3.5m | 4.0m | 4.1m | 3.9m | 2.9m | 3.9m | 4.1m | 4.0m | 4.0m | 3.2m | 3.3m | 3.2m | 3.2m | 2.6m | 4.0m | 3.9m | 3.7m | 3.9m | 4.0m | 3.6m | 2.3m | 3.0m |
R&D expense | 1.8m | 1.9m | 1.9m | 1.9m | 1.9m | 2.1m | 1.6m | 2.0m | 2.2m | 1.8m | 1.7m | 1.7m | 1.5m | 1.6m | 1.6m | 1.5m | 1.6m | 1.6m | 1.8m | 1.7m | 1.8m | 1.9m | 1.9m | 2.5m | |||||
Operating expense total | 11.7m | 8.7m | 12.9m | 11.8m | 14.1m | 10.9m | 13.5m | 13.4m | 10.3m | 11.3m | 11.3m | 10.1m | 12.0m | 11.8m | 12.0m | 10.4m | 10.1m | 8.7m | 9.6m | 9.5m | 8.7m | 10.0m | 11.4m | 10.9m | 10.5m | 11.1m | 11.0m | 9.2m | 14.9m |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 353.7m | 800.4m | 618.2m | 758.9m | 1.0b | 762.3m | 835.0m | 824.4m | 841.5m | 677.7m | 970.0m | 984.4m | 682.4m | 961.7m | 1.0b | 827.9m | 528.9m | 424.1m | 432.6m | 737.2m | 843.8m | 888.4m | 656.8m | 589.6m | 740.3m | 975.9m | 1.1b | 1.3b | 1.5b |
Accounts Receivable | 10.2b | 10.1b | 9.8b | 9.8b | 9.7b | 9.2b | 9.1b | 9.2b | 9.3b | 9.2b | 9.1b | 9.3b | 9.0b | 9.1b | 8.9b | 8.6b | 8.6b | 8.6b | 8.7b | 8.6b | 8.5b | 8.4b | 8.5b | 8.8b | 8.9b | 8.8b | 8.7b | 9.0b | 11.3b |
PP&E | 203.1m | 199.1m | 190.0m | 185.7m | 182.7m | 178.3m | 174.4m | 172.4m | 169.2m | 170.1m | 167.9m | 166.8m | 164.6m | 162.7m | 159.2m | 155.6m | 154.2m | 148.3m | 146.6m | 144.2m | 143.1m | 144.5m | 147.2m | 147.4m | 148.8m | 151.2m | 149.9m | 148.1m | 154.7m |
Goodwill | 28.1m | 28.1m | 28.1m | 28.1m | 28.1m | 28.1m | 28.1m | 28.1m | 28.1m | 38.6m |
USD | FY, 2011 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|---|---|
Net Income | (82.2m) | 392.3m | 21.3m | 93.2m | 67.0m | 201.6m | 167.4m | 102.3m |
Depreciation and Amortization | 24.5m | 25.9m | 26.2m | 22.5m | 20.8m | 18.6m | 20.7m | 26.0m |
Cash From Operating Activities | 156.9m | 264.4m | 261.9m | 199.4m | 236.0m | 288.3m | 294.3m | 297.7m |
Purchases of PP&E | (13.4m) | (22.3m) | (12.5m) | (10.4m) | (9.4m) | (20.5m) | (22.5m) | (16.1m) |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (43.3m) | (67.4m) | (13.2m) | (3.8m) | 15.2m | (72.6m) | (122.6m) | (179.3m) | 17.1m | 38.3m | 61.5m | 25.6m | (8.4m) | 6.3m | 23.3m | 45.3m | 69.4m | 25.5m | 53.5m | 42.8m | 33.1m | 64.2m | 100.5m | 43.3m | 84.6m | 130.9m | 2.3m | 23.5m | 61.2m |
Depreciation and Amortization | 18.2m | 6.4m | 106.0k | 545.0k | 1.5m | 22.5m | 6.7m | 13.1m | 19.3m | 6.4m | 13.1m | 19.7m | 5.8m | 11.5m | 17.0m | 5.3m | 10.5m | 15.6m | 4.9m | 9.6m | 14.0m | 5.2m | 10.5m | 15.7m | 5.2m | 10.4m | 3.0m | ||
Cash From Operating Activities | 74.8m | 128.5m | 86.4m | 119.7m | 190.8m | 30.7m | 262.5m | 73.5m | 150.1m | 236.9m | 75.5m | 132.7m | 199.1m | 54.3m | 82.2m | 119.1m | 84.8m | 131.6m | 194.6m | 95.4m | 158.3m | 213.8m | 83.0m | 157.1m | 235.7m | 91.5m | 122.4m | 112.7m | |
Purchases of PP&E | (6.4m) | (10.7m) | (2.7m) | (4.5m) | (7.5m) | (3.0m) | (8.9m) | (7.7m) | (13.7m) | (17.9m) | (3.0m) | (6.2m) | (9.6m) | (3.0m) | (5.3m) | (8.2m) | (2.8m) | (5.3m) | (7.6m) | (5.1m) | (10.3m) | (16.1m) | (4.0m) | (10.3m) | (17.1m) | (4.4m) | (7.0m) | (3.3m) |
USD | Q2, 2011 |
---|---|
Financial Leverage | 14 x |
FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Bank Branches | 76 | 72 | 70 | ||||||||
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 |
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.
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