First BanCorp. FBP

FBP Company Overview

First BanCorp. is a Puerto Rico-based financial holding company and the parent of FirstBank Puerto Rico, a regional banking institution that provides commercial banking, consumer banking, mortgage lending, treasury management, and wealth management services. The company operates primarily in the banking and financial services industry, serving individuals, small and medium-sized businesses, corporations, and institutional clients. Its core revenue drivers include net interest income from lending activities, fees from deposit and treasury services, mortgage banking operations, and investment and insurance-related services.

The company traces its origins to 1948 with the founding of First Federal Savings Bank in Puerto Rico and later evolved into First BanCorp. through expansion and diversification into commercial and consumer banking. Over time, the company broadened its footprint beyond Puerto Rico into the mainland United States and the Caribbean. Its strategic positioning has historically centered on strong regional market knowledge, diversified lending operations, and a significant presence in Puerto Rico’s banking sector, while maintaining exposure to U.S. banking markets through operations in Florida and the Virgin Islands.