First BanCorp. (FBP)

First BanCorp., founded in 1948, is a prominent financial holding company based in San Juan, Puerto Rico. It operates primarily through its subsidiary, FirstBank Puerto Rico, serving a wide range of clients including individuals, businesses, and government entities. The company offers a diverse array of financial services, including commercial banking, consumer banking, and mortgage banking. The CEO of First BanCorp. is Aurelio Alemán, who has been instrumental in driving the company's growth and expansion strategies. Under his leadership, the company has focused on strengthening its market position across Puerto Rico, the U.S. Virgin Islands, and Florida. As of the latest fiscal reports, First BanCorp. reflects robust financial health, showcasing consistent revenue growth and profitability. It emphasizes customer satisfaction and community development as core tenets of its business ethos. This blend of traditional banking values with progressive strategies positions First BanCorp. as a key player in the regional banking sector.