FIRST BANCORP /PR/ (FBP)

First BanCorp (Puerto Rico) is a holding company, which engages in the provision of personal, commercial, and corporate banking services. It operates through the following 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 company's lending and other services for large customers represented by specialized and middle-market clients and the public sector. The Consumer (Retail) Banking segment includes consumer lending and deposit-taking activities conducted mainly through FirstBank's branch network in Puerto Rico. The Mortgage Banking segment focuses on the origination, sale, and servicing of a variety of residential mortgage loan products and related hedging activities. The Treasury and Investments segment deals with treasury and investment management functions. The United States Operations segment represents all banking activities conducted by FirstBank on the United States mainland. The Virgin Islands Operations segment includes all banking activities conducted by FirstBank in the U.S. Virgin Islands and the British Virgin Islands. The company was founded on October 29, 1948 and is headquartered in San Juan, Puerto Rico.

Address

1519 PONCE DE LEON AVE
SAN JUAN, PR 00908-0146

Founded

1948

Number of Employees

3,168

Website

http://www.1firstbank.com

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )		 $383 $981 $1,102 $2,487 $2,829 $1,958 $207 $152,635 $152,675 - - $35,029
Average Price $5.42 $5.50 $3.78 $5.67 $6.52 $11.13 $3.99 $12.37 $14.29 - - $12.79
# Shares Purchased 70,741 178,436 291,759 438,890 434,066 176,015 51,814 12,335,210 10,680,890 - - 2,739,758
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 269.2% 263.9% 429.7% 252.9% 206.9% 79.8% 401.0% 61.6% 39.9% - - 56.4%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% - - 110.5%
Excess Total Return 87.4% 90.9% 261.1% 123.2% 102.1% -13.3% 326.2% 30.0% 2.6% - - -54.1%
Quartile Rank
Percentile Rank 82% 82% 92% 88% 88% 71% 96% 82% 75% - - 73%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

Insider Transactions

Filters

Keyboard Shortcuts: Show (a) | Close (Esc)

People also followed
POPULAR, INC.

EVERTEC, Inc.
POPULAR, INC.
LOPEZ-LAY GINORIS

FIRST BANCORP /PR/
BANPONCE CORP

EVERTEC, Inc.