FirstBank Puerto Rico

Headquarters

1519 Ave Ponce De Leon
Santurce, PR 00909
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.60% →
1-Year CD 0.60% 1.35% →
2-Year CD 0.75% 1.45% →
5-Year CD 1.10% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

FirstBank Puerto Rico is an FDIC insured institution located in Santurce, PR. It was founded in 1949 and has approximately $12.6 billion in assets. Customers can open an account at one of its 80 branches.

FDIC Insured Yes
FDIC Certificate # 30387
Date Established 1949
Assets $ 12.60 billion
Loans $ 8.89 billion
Deposits $ 9.39 billion
Capital $ 2.36 billion
 

For a more detailed analysis of FirstBank Puerto Rico's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $1,000 $9,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.35% $10,000 $999,999 Learn More
6 Mo CD
0.50% $10,000 $999,999 Learn More
12 Mo CD
0.60% $10,000 $999,999 Learn More
18 Mo CD
0.70% $10,000 $999,999 Learn More
24 Mo CD
0.75% $10,000 $999,999 Learn More
30 Mo CD
0.85% $10,000 $999,999 Learn More
36 Mo CD
0.90% $10,000 $999,999 Learn More
60 Mo CD
1.10% $10,000 $999,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.60% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.60% $40 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 $4,999 Learn MoreShow Less

Loan Rates - June 5, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FirstBank Puerto Rico

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
2.958% 2.875% 0.63 $2,702 $1,038 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.019% 3.000% 0.25 $625 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Note to FirstBank Puerto Rico
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

FirstBank Puerto Rico branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


FirstBank Puerto Rico Locations


Financial Details

FirstBank Puerto Rico Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of FirstBank Puerto Rico. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
FirstBank Puerto Rico U.S. Bank Average
17.49% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, FirstBank Puerto Rico had $336,917,000 in non-current loans and $101,626,000 in owned real estate. To cover these potential losses it had $2,362,183,000 in equity and $145,897,000 in loans loss reserves. That gives it a Texas Ratio of 17.49%.

Return on Equity
FirstBank Puerto Rico U.S. Bank Average
7.63% 9.41%

FirstBank Puerto Rico has a Return on Equity of 7.63% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
FirstBank Puerto Rico U.S. Bank Average
18.75% 12.82%

FirstBank Puerto Rico has a Capitalization of 18.75% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

FirstBank Puerto Rico Balance Sheet Analysis

As of December 31, 2019, FirstBank Puerto Rico had assets of $12,597,360,000, loans of $8,886,544,000, and deposits of $9,390,254,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 637.13 million
Interest-bearing balances $ 565.25 million
Total securities $ 2.26 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 8.89 billion
Loan loss allowance $ 145.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 101.63 million
Goodwill and other intangibles $ 61.96 million
All other assets $ 447.12 million
     Total Assets $ 10.24 billion
LIABILITIES
Total deposits $ 9.39 billion
      Interest-bearing deposits $ 7.02 billion
      Deposits held in domestic offices $ 9.17 billion
      % insured (estimated) 63.05%
Federal funds purchased and repurchase agreements $ 100.00 million
Trading liabilities N.A.
Other borrowed funds $ 570.00 million
Subordinated debt N.A.
All other liabilities $ 174.92 million
      Total Liabilities $ 10.24 billion
      Shareholders’ Equity $ 2.36 billion

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 675.69 million
Total Interest Expense $ 99.45 million
Net interest income $ 576.25 million
Provision for loan and lease losses $ 40.23 million
Total non interest income $ 78.43 million
Total non interest expense $ 370.80 million
Pre-tax Net Operating Income $ 243.65 million

Bank Loan Profile?

The top three loan types in FirstBank Puerto Rico’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Consumer Auto Loans.

Compared to other banks, FirstBank Puerto Rico’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.27
Multifamily
Mortgages
0.70
Credit Card Loans 3.29
Consumer Auto Loans 12.72
Small Business Loans 1.62
Construction and Development Loans 1.30
Commercial Real Estate 22.38
Commercial and Industrial Loans 12.69
Farm Loans 0.00

Frequently Asked Questions About Firstbank Puerto Rico

Branches and Savings

Is Firstbank Puerto Rico FDIC insured?

Yes. It is covered under FDIC Certificate #30387.

Why does Firstbank Puerto Rico pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Firstbank Puerto Rico CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Firstbank Puerto Rico a commercial bank?

Yes

Where are Firstbank Puerto Rico locations?

See branch locations nearby.

Is Firstbank Puerto Rico open on Saturdays?

Is Firstbank Puerto Rico open on Sundays?

What time does Firstbank Puerto Rico open?

What time does Firstbank Puerto Rico close?

Are Firstbank Puerto Rico ATMs Open 24/7?

Do Firstbank Puerto Rico ATMs accept cash deposits?

Can Firstbank Puerto Rico customers use other ATMs?

Do Firstbank Puerto Rico branches have notaries?

Will Firstbank Puerto Rico notarize my document?

What address for Firstbank Puerto Rico should I put for incoming ACH transfers?

Will the Firstbank Puerto Rico branch print checks?

Do Firstbank Puerto Rico checks expire?

Does Firstbank Puerto Rico require US citizenship to open account?

Can Firstbank Puerto Rico close my account?

Does Firstbank Puerto Rico Report to credit bureaus?

Does Firstbank Puerto Rico Use Equifax?

What is Firstbank Puerto Rico's ACH Routing Number?

What is Firstbank Puerto Rico's SWIFT code?

Products

Does Firstbank Puerto Rico offer mortgages?

Compare mortgage rates here.

Does Firstbank Puerto Rico offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Firstbank Puerto Rico offer personal loans?

Compare personal loan rates here.

Does Firstbank Puerto Rico offer student loans?

Will Firstbank Puerto Rico cash a check?

Will Firstbank Puerto Rico redeem a savings bond?

Does Firstbank Puerto Rico cash savings bonds?

Will Firstbank Puerto Rico cash money orders?

Can Firstbank Puerto Rico issue a money order?

Does Firstbank Puerto Rico do currency exchange?

Background on The Bank

Who owns Firstbank Puerto Rico?

How long has Firstbank Puerto Rico been around?

Can Firstbank Puerto Rico transfer to other banks?

Does Firstbank Puerto Rico have quick pay?

Does Firstbank Puerto Rico accept rolled coins?

Will Firstbank Puerto Rico accept loose change?

Where is Firstbank Puerto Rico headquarters?

Customer Reviews for FirstBank Puerto Rico


  • July 31, 2017 |

    Outstanding bank, management and client service. Well run and financially very strong

  • August 23, 2016

    CDs 36 Month Rates

    36 month is now 1.40 %

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