First Bancorp (N:FBP)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 1519 Ponce De Leon Ave
SAN JUAN 00908-0146
Tel: N/A
IR: See website
Key People
Roberto R. Herencia
Independent Chairman of the Board
Carlos Power Pietrantoni
Executive Vice President, Consumer Lending Business Executive
Aurelio Aleman-Bermudez
President, Chief Executive Officer, Director
Orlando Berges-Gonzalez
Chief Financial Officer, Executive Vice President, Chief Accounting Officer
Donald Kafka
Chief Operating Officer, Executive Vice President
Nayda Rivera-Batista
Executive Vice President, Chief Risk Officer
Peck Lawrence ODell
Executive Vice President, General Counsel, Secretary
Calixto Garcia-Velez
Executive Vice President and Florida Region Executive
Ginoris C. Lopez-Lay Vizcarra
Executive Vice President, Director of Strategic Management and Retail Banking
Thomas Michael McDonald
Executive Vice President, Business Group Director
Business Overview
First BanCorp. is a financial holding company. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico (the Bank or FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). It operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Mortgage Banking, which consists of the origination, sale, and servicing of a range of residential mortgage loan products and related hedging activities; Treasury and Investments, which consists of treasury and investment management functions; United States Operations, which consists of all banking activities conducted by FirstBank on the United States mainland, and Virgin Islands Operations, which consists of banking activities conducted by FirstBank in the United States Virgin Islands and British Virgin Islands, including retail and commercial banking services.
Financial Overview
For the fiscal year ended 31 December 2019, First Bancorp interest income increased 8% to $675.9M. Net interest income after loan loss provision increased 13% to $526.9M. Net income applicable to common stockholders decreased 17% to $164.7M. Net interest income after loan loss provision reflects Commercial and Corporate Banking segment increase of 47% to $108.8M, Treasury and Investments segment increase of 19% to $73.6M.
Employees: 2,674 as of Feb 1, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $943.25M as of Dec 31, 2019
Annual revenue (TTM): $675.90M as of Dec 31, 2019
EBITDA (TTM): $295.88M as of Dec 31, 2019
Net annual income (TTM): $164.70M as of Dec 31, 2019
Free cash flow (TTM): $238.77M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 217,358,625 as of Feb 14, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization