FirstBank Puerto Rico

Headquarters

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

Notable Rates APY Vs.Others
Savings N.A. 4.01% →
1-Year CD N.A. 4.50% →
2-Year CD N.A. 4.73% →
5-Year CD N.A. 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Bank Information

FirstBank Puerto Rico is an FDIC insured institution located in Santurce, PR. It was founded in 1949 and has approximately $19.52 billion in assets. Customers can open an account at one of its 80 branches.

FDIC Insured Yes
FDIC Certificate # 30387
Date Established 1949
Assets $ 19.52 billion
Loans $ 10.98 billion
Deposits $ 17.18 billion
Capital $ 1,648.61 million
 

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 - November 27, 2022

Your Current Location: California, CA 92111

There are currently no rates available for Firstbank Puerto Rico, but see these great savings and CD rates:

Advertiser Disclosure
 

Loan Rates - November 27, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.779% 7.625%
1.00 points
$3,750 fees
$1,770 Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
6.226% 6.125%
0.63 points
$2,685 fees
$1,520 Learn More
Embrace Home Loans (ICB)
NMLS ID: 2184
6.722% 6.625%
1.00 points
$2,500 fees
$1,601 Learn More
Eligibility.org
NMLS ID: 1907

points
fees
Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 6.490 %
After Intro: 7.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.490 %
$0 Learn More
More Info

Note to FirstBank Puerto Rico
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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:
San Diego,California


FirstBank Puerto Rico Locations



Climate Initiatives

FirstBank Puerto Rico is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
FirstBank Puerto Rico U.S. Bank Average
12.38% 4.06%

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 June 30, 2022, FirstBank Puerto Rico had $193,598,000 in non-current loans and $41,706,000 in owned real estate. To cover these potential losses it had $1,648,605,000 in equity and $252,152,000 in loans loss reserves. That gives it a Texas Ratio of 12.38%.

Return on Equity
FirstBank Puerto Rico U.S. Bank Average
16.16% 9.98%

FirstBank Puerto Rico has a Return on Equity of 16.16% versus the BestCashCow average of 9.98%. 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
8.44% 10.23%

FirstBank Puerto Rico has a Capitalization of 8.44% versus the BestCashCow average of 10.23. 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 June 30, 2022, FirstBank Puerto Rico had assets of $19,522,758,000, loans of $10,977,323,000, and deposits of $17,179,883,000. 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

June 30, 2022
ASSETS
Cash & Balances due from depository institutions $ 1,262.80 million
Interest-bearing balances $ 1,159.46 million
Total securities $ 6.54 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 10.98 billion
Loan loss allowance $ 252.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 41.71 million
Goodwill and other intangibles $ 94.22 million
All other assets $ 399.75 million
     Total Assets $ 17.87 billion
LIABILITIES
Total deposits $ 17.18 billion
      Interest-bearing deposits $ 10.89 billion
      Deposits held in domestic offices $ 16.97 billion
      % insured (estimated) 51.32%
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 million
      Total Liabilities $ 17.87 billion
      Shareholders’ Equity $ 1,648.61 million

Summary Income Statement

June 30, 2022
INCOME AND EXPENSES
Total Interest Income $ 406.48 million
Total Interest Expense $ 21.66 million
Net interest income $ 384.82 million
Provision for loan and lease losses N.A.
Total non interest income $ 60.80 million
Total non interest expense $ 217.12 million
Pre-tax Net Operating Income $ 232.30 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 in , FirstBank Puerto Rico has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

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 26.22
Multifamily
Mortgages
1.32
Credit Card Loans 2.71
Consumer Auto Loans 15.58
Small Business Loans 1.89
Construction and Development Loans 1.15
Commercial Real Estate 26.07
Commercial and Industrial Loans 13.35
Farm Loans 0.03

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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