First BanCorp (FBP) company profile
Close on Nov 13, 2026Market cap $3.99BP/E 11.0Yield 2.75%
About First BanCorp
State Commercial Banks, SIC 6022
The company operates as a financial services provider offering commercial, retail, and mortgage banking, alongside treasury and investment operations. Its primary operating segments comprise Consumer and Retail Banking, Commercial and Corporate Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. Key offerings include residential mortgages, commercial and construction financing, automobile loans, finance leases, personal credit lines, and credit card receivables. The organization caters to individual retail borrowers, business and commercial enterprises, and institutional or public sector entities.
The institution conducts business activities across Puerto Rico, the United States Virgin Islands, and the mainland United States through designated geographic and operating segments. Its asset portfolio includes financing receivables and investment securities tied to these domestic regions. The provided filing excerpt contains no information regarding total branch counts, employee numbers, or the specific location of its corporate headquarters.
Summary of the business section of First BanCorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- First BanCorp
- Headquarters
- San Juan, PR
- Address
- 1519 Ponce De Leon Ave, Santurce 00908-0146
- Phone
- (787) 729-8200
- Website
- 1firstbank.com
- Employees
- 3,218, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- PR
- Fiscal year ends
- December 31
- Auditor
- Crowe LLP, Atlanta, Georgia
Stock & identifiers
- Ticker
- FBP
- Exchange
- NYSE
- IPO date
- Apr 29, 1999
- Shares outstanding
- 153M, Aug 3, 2026
- Public float
- $3.24B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 1-for-15 reverse, Jan 7, 2011; 2-for-1, Jul 1, 2005; 3-for-2, Oct 1, 2002; 2-for-1, Jun 1, 1998; 3-for-2, Jun 12, 1995; 3-for-2, Nov 16, 1993; 3-for-2, Mar 1, 1993
- SEC CIK
- 1057706
- CUSIP
- 318672706
- ISIN
- US3186727067
- FIGI
- BBG000CYKKX8
- Share class FIGI
- BBG001S76PN4
- LEI
- 5493000C44WC17AV1S09
- EIN
- 66-0561882
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Aurelio Aleman | President and CEO, Director | 1,130,475 |
| Nayda Rivera | EVP, CCO and Chief of Staff | 232,105 |
| Gonzalez Orlando Berges | EVP and CFO | 311,738 |
| Lilian Diaz-Bento | EVP | 56,375 |
| Jose Maria Lacasa | EVP | 81,473 |
| Ginoris Lopez-Lay | EVP | 221,389 |
| Michael McDonald | EVP | 76,170 |
| Juan Carlos Pavia | EVP, Chief Operating Officer | 98,870 |
| Sara Alvarez-Cabrero | EVP, General Counsel | 84,573 |
| Said Ortiz | Chief Accounting Officer | 48,202 |
| Donald Kafka | EVP | 60,318 |
| Cassan Pancham | EVP | 303,279 |
| Carlos Power | EVP | 188,382 |
| Felix Villamil | Director | 20,381 |
| Tracey A. Dedrick | Director | 35,537 |
| Roberto R. Herencia | Director | 614,465 |
| Reboyras Juan Acosta | Director | 25,851 |
| Crespo Luz | Director | 63,607 |
| John A. Heffern | Director | 77,743 |
| Daniel Edward Frye | Director | 21,137 |
| Patricia Eaves | Director | 19,779 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $5.03M | $5.88M | $1.35M | $266 | $213 |
| FY2024 | $4.77M | $5.68M | $1.32M | $206 | $143 |
| FY2023 | $4.08M | $5.38M | $1.22M | $176 | $106 |
| FY2022 | $3.77M | $3.33M | $1.17M | $131 | $97 |
| FY2021 | $4.18M | $7.42M | $1.14M | $137 | $118 |
| FY2020 | $3.64M | $5.23M | $1.35M | $90 | $87 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Aurelio Alemán President and Chief Executive Officer | $1.11M | $1.20K | $2.18M | $1.64M | $103.73K | $5.03M | +5% |
| Orlando Berges Executive Vice President and Chief Financial Officer | $600.00K | $1.20K | $544.55K | $412.63K | $14.59K | $1.57M | -1% |
| Nayda Rivera Executive Vice President and Chief Customer Officer and Chief of Staff | $550.00K | $1.20K | $488.09K | $388.22K | $30.17K | $1.46M | +2% |
| Juan C. Pavía Executive Vice President and Chief Credit Officer | $493.46K | $1.20K | $387.99K | $349.18K | $27.25K | $1.26M | +7% |
| Lilian Díaz-Bento Executive Vice President and Business Group Director | $468.46K | $1.20K | $350.56K | $273.46K | $25.98K | $1.12M | – |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Corporation and its subsidiaries had 3,218 regular employees representing a 3.4% increase in overall headcount from December 31, 2024.”
Corporate history
Events identified from SEC filings
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