First BanCorp.

Puerto Rico bank holding company, parent of FirstBank Puerto Rico

What First BanCorp. does

First BanCorp. owns FirstBank Puerto Rico, a bank that serves individuals and businesses in Puerto Rico, the U.S. mainland, and the U.S. and British Virgin Islands. It takes deposits and makes loans, including home mortgages, car loans, consumer loans, and loans to businesses. It also sells insurance through an agency.

How First BanCorp. makes money

It earns most of its money from net interest income, meaning the gap between the interest it charges on loans and securities and what it pays on deposits and other borrowings. It also collects fees from mortgage sales and servicing, banking services, and insurance commissions.

Products & services

• Residential mortgage origination and servicing
• Consumer and auto loans
• Commercial and corporate lending
• Checking, savings, money market accounts and CDs
• Cash management and online banking
• Insurance agency services