FirstBank Puerto Rico is an FDIC insured institution headquartered at
1519 Ave Ponce De Leon, Santurce, PR 909.
It was founded in
1949 and has approximately $20 billion in
assets. Customers can open an account at one of its 80 branches.
Third Federal rate are typically 20% lower than other leaders
Guaranteed Lowest Rate
No closing costs, prepayment penalties, or minimum draw requirements
10 year draw period
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Customized Rate Quotes, no SSN or Hard Credit Pull
24 x 7 Online Customer Portal Access
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2023
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 30387
Date Established
1949
Assets
$ 19.52 billion
Loans
$ 11.05 billion
Deposits
$ 16.61 billion
Capital
$ 1,405.80 million
Summary Balance Sheet
ASSETS
Cash & Balances due from depository institutions
$ 554.26 million
Interest-bearing balances
$ 473.82 million
Total securities
$ 6.11 billion
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 11.05 billion
Loan loss allowance
$ 257.86 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
$ 38.68 million
Goodwill and other intangibles
$ 91.50 million
All other assets
$ 399.75 million
Total Assets
$ 17.03 billion
LIABILITIES
Total deposits
$ 16.61 billion
Interest-bearing deposits
$ 10.38 billion
Deposits held in domestic offices
$ 16.40 billion
% insured (estimated)
50.06%
Federal funds purchased and repurchase agreements
$ 200.00 million
Trading liabilities
N.A.
Other borrowed funds
$ 210.83 million
Subordinated debt
N.A.
All other liabilities
$ 283.44 millionn
Total Liabilities
$ 17.03 billion
Shareholders’ Equity
$ 2.50 billion
Summary Income Statement
INCOME AND EXPENSES
Total Interest Income
$ 629.16 million
Total Interest Expense
$ 34.20 million
Net interest income
$ 594.96 million
Provision for loan and lease losses
$ 11.98 million
Total non interest income
$ 90.52 million
Total non interest expense
$ 333.20 million
Pre-tax Net Operating Income
$ 232.30 million
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