First BanCorp. - Company Profile

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First BanCorp.: Overview

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First BanCorp. (FB) is a financial holding company that provides a range of financial services, including commercial and consumer banking, mortgage banking, automobile financing, and insurance agency services. Its major products include residential mortgage loans, consumer and commercial loans, and various deposit products. FirstBank serves individual and corporate customers, offering services tailored to both small businesses and large corporate clients. The company operates through a network of branches and subsidiaries, including FirstBank and FirstBank Insurance Agency, in Puerto Rico, the US Virgin Islands, the British Virgin Islands, and the US mainland. Its operations are supported by its branch network, ATMs, and online banking platforms. FB is headquartered in San Juan, Puerto Rico.

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Headquarters United States of America
Address 1519 Ponce De Leon Avenue, Stop 23, First Federal Building, San Juan, Puerto Rico, 00908
Website www.1firstbank.com
Telephone 1 787 7298200
No of Employees 3,218
Industry Financial Services
Ticker Symbol & Exchange FBP (NYSE)
Revenue (2024) $1.3B 2.4% (2024 vs 2023)
EPS XYZ
Net Income (2024) XYZ 15.4% (2024 vs 2023)
Market Cap* $4.3B
Net Profit Margin (2024) XYZ 12.8% (2024 vs 2023)
* As of and is in US$
View First BanCorp. financials
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First BanCorp. premium industry data and analytics

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on First BanCorp.’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services Brands
Accounts: Digital Banking 1firstbank
Checking Mobile Banking
Individual Retirement Cash Management
XYZ XYZ
XYZ XYZ
XYZ XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2026 Contracts/Agreements In July, the company entered into an agreement to acquire First Carolina Bancshares Corporation.
2026 Contracts/Agreements In January, the company signed a merger agreement with First State Bank.
2024 Contracts/Agreements In March, the company’s subsidiary FirstBank Puerto Rico entered into a partnership with nCino to provide innovative experience in commercial banking for its customers in Florida, Puerto Rico, and the Virgin Islands.
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Competitor Comparison

Key Parameters First BanCorp. Popular Inc City National Bank of Florida Seacoast Banking Corp of Florida OFG Bancorp
Headquarters United States of America United States of America United States of America United States of America United States of America
City San Juan San Juan Miami Stuart San Juan
State/Province Puerto Rico Puerto Rico Florida Florida Puerto Rico
No. of Employees 3,218 9,427 973 1,962 2,181
Entity Type Public Public Private Public Public
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Executives
Name Position Board Since Age
Roberto R. Herencia Chairman Executive Board 2011 66
Aurelio Aleman Bermudez Chief Executive Officer; Director; President Executive Board 2009 67
Said Ortiz Executive Vice President; Chief Financial Officer Senior Management 2026 -
Juan Carlos Pavia Executive Vice President; Chief Operating Officer Senior Management 2025 45
Nayda Rivera-Batista Corporate Chief of Staff; Executive Vice President; Chief Consumer Officer Senior Management 2025 52
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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