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First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. It operates through six 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 offers commercial real estate and construction loans, floor plan financing, and cash and business management services, as well as investment banking services. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs), as well as engages in the finance leasing and insurance activities. The Mortgage Banking segment is involved in the origination, sale, and servicing of various residential mortgage loan products and related hedging activities; and acquisition and sale of mortgages in the secondary markets. The Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management. The United States Operations segment offers checking, savings, and money market accounts; and residential mortgages, home equity loans, lines of credit, and automobile loans, as well as retail CDs, Internet banking services, cash management, remote data capture, automated clearing house transactions, and term loans. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2017, the company operated 45 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. The company was founded in 1948 and is headquartered in Santurce, Puerto Rico.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:FBP
CUSIP31867270
Phone787-729-8200
Debt
Debt-to-Equity Ratio0.50%
Current Ratio1.00%
Quick Ratio0.99%
Price-To-Earnings
Trailing P/E Ratio13.62
Forward P/E Ratio15.84
P/E Growth0.56
Sales & Book Value
Annual Sales$650.81 million
Price / Sales2.26
Cash Flow$0.5684 per share
Price / Cash11.98
Book Value$8.48 per share
Price / Book0.80
Profitability
EPS (Most Recent Fiscal Year)$0.50
Net Income$66.95 million
Net Margins9.88%
Return on Equity5.89%
Return on Assets0.89%
Miscellaneous
Employees2,553
Outstanding Shares216,280,000