First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.
In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing. On the consumer side, the company’s retail network offers checking and savings accounts, residential mortgage loans, personal lines of credit, credit cards and digital banking platforms. The mortgage banking unit extends its geographic reach beyond Puerto Rico by originating and selling U.S. residential mortgage loans.
First BanCorp’s operations span Puerto Rico, the U.S. Virgin Islands and select markets in Florida, where it maintains full-service branches under the FirstBank Florida brand. The company supports local economic development through community lending initiatives, small business outreach programs and affordable housing financing. Its asset management arm provides trust and fiduciary services to individuals, families and institutional clients.
Founded in the mid-20th century and publicly traded on the New York Stock Exchange since 1986, First BanCorp is led by a management team with deep experience in banking and regional markets. Under the leadership of Chairman and Chief Executive Officer José D. Otero, the company continues to focus on customer service, operational efficiency and strategic growth opportunities in its core franchises.
AI Generated. May Contain Errors.
Free FBP Stock Alerts