FIRST BANCORP /PR/: management transactions · United States · SEC (Form 4)

About FIRST BANCORP /PR/

First BanCorp. (ticker: FBP) is a U.S.-listed banking holding company traded on the NYSE in the United States, operating primarily through its flagship subsidiary, FirstBank Puerto Rico. The company is headquartered in San Juan, Puerto Rico, and has long-standing roots in the Puerto Rican banking market; SEC filings indicate the business traces back to 1948. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1057706/000119312511347391/d269705ds1.htm?utm_source=openai)) First BanCorp. operates as a diversified regional bank with a mix of consumer banking, commercial and corporate banking, mortgage banking, treasury and investments, plus separate United States and Virgin Islands operations. This structure gives it a broad product set relative to its size and reflects its role as an integrated financial services provider for households, small businesses, corporates, and selected public-sector borrowers. The company states that Puerto Rico is its principal market, while FirstBank also lends in the U.S. Virgin Islands, the British Virgin Islands, and in the mainland United States, principally Florida. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1057706/000105770626000012/fbp-20260331.htm?utm_source=openai)) From a competitive standpoint, First BanCorp. is a well-established local franchise in Puerto Rico, where its scale, branch presence, and relationships with depositors and borrowers provide important advantages. At the same time, the group remains geographically concentrated, which means its earnings and credit performance are more exposed to Puerto Rico’s economic conditions than those of a more diversified U.S. super-regional bank. Recent SEC disclosures show the loan book remains heavily Puerto Rico-weighted, with meaningful exposure in the U.S. and a smaller share in the U.S. Virgin Islands and the British Virgin Islands. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1057706/000105770625000012/fbp-20250930.htm?utm_source=openai)) Its core products include deposit accounts, consumer lending, commercial and corporate loans, mortgage lending, and treasury/investment-related services. Mortgage banking remains an important business line, while consumer and commercial banking support customer acquisition, funding, and relationship depth. In practice, First BanCorp. functions as a full-service bank in its home market, with complementary operations beyond Puerto Rico. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1057706/000105770626000012/fbp-20260331.htm?utm_source=openai)) Recent company disclosures for 2025 and 2026 indicate continued execution across its main segments: Mortgage Banking, Consumer (Retail) Banking, Commercial and Corporate Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The filings also suggest a continued focus on portfolio management, credit discipline, and public-sector lending in Puerto Rico. For investors, FBP is best viewed as a niche U.S. regional banking name with a Puerto Rico-centered franchise, listed on the NYSE, offering exposure to a specialized market with both franchise strength and geographic concentration risk. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1057706/000105770625000012/fbp-20250930.htm?utm_source=openai))