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First Bancorp

First Bancorp is a publicly-traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol "FBP." It is a financial holding company that provides a range of banking products and services to individuals, businesses, and governments in the United States, Puerto Rico, and the Caribbean.

Here are some key facts about First Bancorp:

1. Founded: First Bancorp was founded in 1948 as First Federal Bank of Puerto Rico. Over the years, it expanded its operations and changed its name to First Bancorp in 1987.

2. Headquarters: The company's headquarters is located in San Juan, Puerto Rico.

3. Assets: As of December 31, 2022, First Bancorp had total assets of $14.2 billion.

4. Deposits: Total deposits of the company were $10.3 billion as of December 31, 2022.

5. Loans: First Bancorp's loans and leases totaled $8.3 billion as of December 31, 2022.

6. Branches: First Bancorp operates 150 branches in Puerto Rico, the United States, and the Caribbean.

7. Employees: The company has over 1,700 employees.

8. Revenue: In 2022, First Bancorp's net interest income was $615.6 million. Its non-interest income was $130.6 million.

9. Net income: The company's net income for 2022 was $128.5 million.

Overall, First Bancorp is a significant player in the banking industry, primarily serving the Puerto Rican market. Its stock price has experienced fluctuations due to various factors, such as economic conditions and industry trends. Investors considering investing in First Bancorp should conduct thorough research and consult with financial advisors to make informed decisions.

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