First BanCorp Management
Management criteria checks 3/4
First BanCorp's CEO is Aurelio Aleman-Bermudez, appointed in Sep 2009, has a tenure of 15.67 years. total yearly compensation is $4.77M, comprised of 22.4% salary and 77.6% bonuses, including company stock and options. directly owns 0.71% of the company’s shares, worth €21.28M. The average tenure of the management team and the board of directors is 15.4 years and 7.6 years respectively.
Key information
Aurelio Aleman-Bermudez
Chief executive officer
US$4.8m
Total compensation
| CEO salary percentage | 22.41% |
| CEO tenure | 15.7yrs |
| CEO ownership | 0.7% |
| Management average tenure | 15.4yrs |
| Board average tenure | 7.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$302m |
| Dec 31 2024 | US$5m | US$1m | US$299m |
| Sep 30 2024 | n/a | n/a | US$303m |
| Jun 30 2024 | n/a | n/a | US$311m |
| Mar 31 2024 | n/a | n/a | US$306m |
| Dec 31 2023 | US$4m | US$1m | US$303m |
| Sep 30 2023 | n/a | n/a | US$297m |
| Jun 30 2023 | n/a | n/a | US$289m |
| Mar 31 2023 | n/a | n/a | US$293m |
| Dec 31 2022 | US$4m | US$990k | US$305m |
| Sep 30 2022 | n/a | n/a | US$304m |
| Jun 30 2022 | n/a | n/a | US$304m |
| Mar 31 2022 | n/a | n/a | US$299m |
| Dec 31 2021 | US$4m | US$959k | US$277m |
| Sep 30 2021 | n/a | n/a | US$255m |
| Jun 30 2021 | n/a | n/a | US$208m |
| Mar 31 2021 | n/a | n/a | US$158m |
| Dec 31 2020 | US$4m | US$996k | US$100m |
| Sep 30 2020 | n/a | n/a | US$86m |
| Jun 30 2020 | n/a | n/a | US$104m |
| Mar 31 2020 | n/a | n/a | US$124m |
| Dec 31 2019 | US$3m | US$959k | US$165m |
| Sep 30 2019 | n/a | n/a | US$229m |
| Jun 30 2019 | n/a | n/a | US$219m |
| Mar 31 2019 | n/a | n/a | US$209m |
| Dec 31 2018 | US$4m | US$959k | US$199m |
Compensation vs Market: Aurelio's total compensation ($USD4.77M) is above average for companies of similar size in the German market ($USD2.39M).
Compensation vs Earnings: Aurelio's compensation has been consistent with company performance over the past year.
CEO
Aurelio Aleman-Bermudez (65 yo)
15.7yrs
Tenure
US$4,774,194
Compensation
Mr. Aurelio Alemán-Bermudez has been the Chief Executive Officer and President of First BanCorp. since September 28, 2009 and serves as its Director since September 28, 2009. Mr. Alemán-Bermudez currently...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.7yrs | US$4.77m | 0.71% € 21.3m | |
| Executive VP & CFO | 15.8yrs | US$1.58m | 0.18% € 5.6m | |
| Executive VP & COO | 10.3yrs | US$1.11m | 0.065% € 2.0m | |
| Executive VP | 19.1yrs | US$1.43m | 0.15% € 4.5m | |
| Executive VP & Chief Credit Officer | 4yrs | US$1.18m | 0.049% € 1.5m | |
| Senior VP | 3.6yrs | no data | 0.026% € 788.4k | |
| Senior Vice President of Corporate Strategy / Investor Relations | no data | no data | no data | |
| Executive VP | 17.7yrs | no data | 0.043% € 1.3m | |
| Senior VP | no data | no data | no data | |
| Executive VP & Business Group Director | 19.6yrs | US$1.03m | 0.19% € 5.7m | |
| Executive VP & Strategic Management Director | 15.2yrs | no data | 0.13% € 3.8m | |
| Executive VP & Business Group Director | 12.7yrs | US$712.34k | 0.060% € 1.8m |
15.4yrs
Average Tenure
62yo
Average Age
Experienced Management: OLWN's management team is seasoned and experienced (15.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.7yrs | US$4.77m | 0.71% € 21.3m | |
| Independent Chairman | 13.6yrs | US$500.19k | 0.41% € 12.3m | |
| Independent Director | 4.6yrs | US$130.19k | 0.011% € 323.5k | |
| Independent Director | 10.8yrs | US$152.69k | 0.014% € 430.2k | |
| Independent Director | 7.6yrs | US$156.19k | 0.046% € 1.4m | |
| Independent Director | 6.3yrs | US$140.19k | 0.019% € 587.9k | |
| Independent Director | 10.3yrs | US$150.19k | 0.038% € 1.1m | |
| Independent Director | 4.2yrs | US$126.69k | 0.012% € 375.7k | |
| Independent Director | 6.8yrs | US$141.19k | 0.011% € 335.6k |
7.6yrs
Average Tenure
65yo
Average Age
Experienced Board: OLWN's board of directors are considered experienced (7.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/19 20:04 |
| End of Day Share Price | 2025/05/16 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
First BanCorp. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brandon Berman | BofA Global Research |
| Joseph Gladue | B. Riley Securities, Inc. |
| Michael Diana | Cantor Fitzgerald & Co. |