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First BanCorp (symbol: FBP) is a leading financial holding company with a rich history spanning over 65 years. Based in Puerto Rico, the company operates more than 140 branches, offices, and service centers spread across Puerto Rico, the Virgin Islands, and Florida. First BanCorp is committed to providing top-notch banking services to its customers, treating each client as a valuable member of the bank's community.
First BanCorp's core business is divided into several segments, including Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Consumer (Retail) Banking segment is the cornerstone of the company's business, generating the majority of its revenue through consumer lending and deposit-taking activities conducted mainly via its extensive branch network and loan centers.
The company prides itself on its innovative products and services, designed to make the banking experience seamless and efficient for individuals, small and medium-sized businesses, and corporations. First BanCorp's team of experts is dedicated to making banking more accessible and user-friendly, showing customers the human side of banking.
Despite its regional focus, First BanCorp has shown financial robustness and operational efficiency, ensuring a solid presence in the financial industry. Its strategic partnerships and continuous improvement in service delivery have positioned it as a trustworthy financial institution in its operating regions.
Stay updated with the latest news and developments about First BanCorp by visiting our site regularly.
First BanCorp. (NYSE: FBP) has declared monthly cash dividends on its Series A through E Noncumulative Perpetual Monthly Income Preferred Stock. The dividends include Series A at $0.14843750 with a 7.125% annual rate, Series B at $0.17395800 with an 8.35% rate, Series C at $0.15416670 with a 7.40% rate, Series D at $0.15104167 with a 7.25% rate, and Series E at $0.14583330 with a 7.00% rate. The record date for these dividends is on October 15, 2021, with payment set for November 1, 2021.
First BanCorp. (NYSE: FBP) announced the declaration of monthly cash dividends for Series A through E Noncumulative Perpetual Monthly Income Preferred Stock. The dividends are as follows: Series A at $0.14843750, Series B at $0.17395800, Series C at $0.15416670, Series D at $0.15104167, and Series E at $0.14583330. The record date for Series A is September 28, 2021, while Series B, C, D, and E have a record date of September 15, 2021. All payments are scheduled for September 30, 2021.
First BanCorp (NYSE: FBP) has declared monthly cash dividends for its Series A to E Noncumulative Perpetual Monthly Income Preferred Stock. The dividends are as follows:
- Series A: 7.125% annual rate; $0.1484 per share; 197,386 shares; record date August 27, 2021; payment date August 31, 2021.
- Series B: 8.35% annual rate; $0.1740 per share; 296,146 shares; record date August 15, 2021; payment date August 31, 2021.
- Series C: 7.40% annual rate; $0.1542 per share; 249,852 shares; record date August 15, 2021; payment date August 31, 2021.
- Series D: 7.25% annual rate; $0.1510 per share; 285,522 shares; record date August 15, 2021; payment date August 31, 2021.
- Series E: 7.00% annual rate; $0.1458 per share; 415,240 shares; record date August 15, 2021; payment date August 31, 2021.
First BanCorp. (NYSE: FBP) has declared a quarterly cash dividend of $0.07 per share on its common stock. The payment date is set for September 10, 2021, for shareholders of record as of August 26, 2021. First BanCorp. serves as the bank holding company for FirstBank Puerto Rico and operates in Puerto Rico, Florida, and the Virgin Islands. The press release also indicates that future dividend declarations will depend on the Corporation's financial performance and market conditions, highlighting potential risks associated with future payouts.
First BanCorp. (FBP) reported a net income of $70.6 million or $0.33 per diluted share in Q2 2021, reflecting a significant increase from $21.3 million or $0.09 per share a year ago. This quarter's results included a $26.2 million net benefit recorded due to improvements in macroeconomic forecasts. The bank repurchased 7.96 million shares during the quarter. Despite strong deposit growth, overall loan portfolio declined, attributed mainly to commercial payoffs. Adjusted net income was $78.2 million, indicating ongoing recovery.
First BanCorp (NYSE: FBP) announced it will release its second quarter financial results for the period ending June 30, 2021, on July 23, 2021, before market opening. A conference call and live webcast discussing these results will take place at 10:00 a.m. Eastern time on the same day. Interested parties can access the webcast via the investor relations section of First BanCorp’s website. Replays of the call will be available for a limited time.
First BanCorp operates FirstBank Puerto Rico and has various subsidiaries across multiple regions.
First BanCorp. (NYSE: FBP) announced the declaration of monthly cash dividends for its Series A through E Noncumulative Perpetual Monthly Income Preferred Stock. The annual dividend rates range from 7.00% to 8.35%, with monthly dividends per share between $0.14583330 and $0.17395800. The record date for these dividends is July 15, 2021, and payments will be made on August 2, 2021. The total number of outstanding shares varies by series, with the largest being 415,240 for Series E.
First BanCorp. (NYSE: FBP) has announced the declaration of monthly cash dividends on its Series A through E Noncumulative Perpetual Monthly Income Preferred Stock. The monthly dividends per share are as follows: Series A: $0.14843750, Series B: $0.17395800, Series C: $0.15416670, Series D: $0.15104167, and Series E: $0.14583330. The record date for these dividends is set for June 15, 2021, and payment is scheduled for June 30, 2021. This dividend declaration reflects the corporation's ongoing commitment to shareholder returns.
First BanCorp. (NYSE: FBP) announced dividend declarations for its Series A through E Preferred Stocks. The monthly dividends per share are: Series A at $0.1484 (7.125%), Series B at $0.1740 (8.35%), Series C at $0.1542 (7.40%), Series D at $0.1510 (7.25%), and Series E at $0.1458 (7.00%). Record dates range from May 15 to May 27, 2021, with payments scheduled for June 1, 2021. This decision reflects the Corporation's ongoing commitment to return value to shareholders through consistent dividend payments.
First BanCorp. (NYSE: FBP) has declared a quarterly cash dividend of $0.07 per share on its common stock. This dividend is payable on June 11, 2021, to shareholders of record by May 26, 2021. First BanCorp. serves as the parent corporation of FirstBank Puerto Rico, which operates in Puerto Rico, the U.S. and British Virgin Islands, and Florida, alongside its subsidiaries such as First Federal Finance and First Express. The press release also includes forward-looking statements regarding potential future dividend declarations.
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