First BanCorp (NYSE: FBP) is a bank holding company that operates through its banking subsidiary, FirstBank Puerto Rico, providing commercial, consumer, and mortgage banking services. It generates revenue primarily through net interest income on loans and investment securities, supplemented by service fees and other non-interest income. Based on its 2025 Annual Report on Form 10-K filed February 27, 2026, the company is headquartered in Puerto Rico and lists its common stock on the New York Stock Exchange. The filing identifies the corporation as a well-known seasoned issuer under SEC rules. Specific segment revenue breakdowns, loan portfolio sizes, branch counts, and competitor names are not detailed in the available filing excerpts.

Revenue model

Net interest income from loans and deposits, supplemented by non-interest income including service fees. Specific revenue figures and segment breakdowns are not supported by the available filing excerpts.

Products and services

Commercial banking, consumer banking, and mortgage banking services offered through FirstBank Puerto Rico. Additional product detail is not supported by the available filing excerpts.

Customers and end markets

Individual consumers, businesses, and mortgage borrowers, primarily in Puerto Rico. Specific customer counts or end-market concentrations are not supported by the available filing excerpts.

Value-chain role

Bank holding company and direct retail and commercial lender.

Geographic exposure

Puerto Rico is the primary market. Additional geographic detail is not supported by the available filing excerpts.

Source: SEC 10-K, filed 2026-02-27

Industry: State Commercial Banks Peers: Popular Inc OFG Bancorp