First BanCorp/Puerto Rico

First BanCorp operates as a financial holding company for FirstBank Puerto Rico. Through FirstBank, the company offers a wide range of financial products and services within the United States, Puerto Rico, and the Virgin Islands. Founded in 1948, First BanCorp has its headquarters in Santurce, Puerto Rico. The bank was formerly known as First Federal Savings Bank before changing its name to FirstBank Puerto Rico in 1994. The bank was reorganised into a holding company in 1998 under the First BanCorp name. It operates through six segments, including Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, Virgin Islands Operations, and United States Operations. The company offers a wide range of products and services, including commercial real estate and construction loans, residential mortgage loans, personal loans, credit cards, lines of credit, retirement accounts, deposit accounts, insurance services, and more. Stock for First BanCorp is listed under the ticker FBP on the NYSE, where it has traded since 1993. FirstBank was the first Savings & Loan institution established in Puerto Rico. As of 31st December, 2020, FirstBank operates 73 branches in Puerto Rico, 10 branches in the state of Florida, and 11 branches in the US Virgin Islands and British Virgin Islands. Follow FBP shares on eToro with your watchlist.