First BanCorp. FBP

FBP Company Overview

First BanCorp. is a Puerto Rico-based financial holding company and the parent organization of FirstBank Puerto Rico, a full-service banking institution operating across Puerto Rico, the U.S. Virgin Islands, and Florida. The company operates in the banking and financial services industry, providing commercial banking, consumer banking, mortgage lending, treasury management, and wealth management services. Its primary revenue drivers include net interest income from loans and investment securities, service charges, mortgage banking activities, and deposit-related services.

The company primarily serves retail consumers, small and medium-sized businesses, commercial clients, and institutional customers. A key aspect of its positioning is its long-established presence in Puerto Rico’s banking market combined with a diversified regional footprint extending into select mainland U.S. markets. First BanCorp. traces its origins to 1948 with the founding of First Federal Savings Bank in Puerto Rico. Over time, the institution expanded through acquisitions, branch growth, and restructuring efforts following Puerto Rico’s financial crisis and the aftermath of Hurricane Maria, ultimately strengthening its capital position and regional banking strategy.