First BanCorp.

NYSE:FBP Stock Report

Market Cap: US$3.3b

First BanCorp Management

Management criteria checks 4/4

First BanCorp's CEO is Aurelio Aleman-Bermudez, appointed in Sep 2009, has a tenure of 16.25 years. total yearly compensation is $4.77M, comprised of 22.4% salary and 77.6% bonuses, including company stock and options. directly owns 0.67% of the company’s shares, worth $22.37M. The average tenure of the management team and the board of directors is 14.5 years and 8.2 years respectively.

Key information

Aurelio Aleman-Bermudez

Chief executive officer

US$4.8m

Total compensation

CEO salary percentage22.41%
CEO tenure16.3yrs
CEO ownership0.7%
Management average tenure14.5yrs
Board average tenure8.2yrs

Recent management updates

Recent updates

First BanCorp Is Tempting, But Not Tempting Enough

Oct 12

First BanCorp: Bond Market Turbulence, Expected Tourism Slowdown Seems Priced-In

Apr 20

First BanCorp.: Strong Margin Power And A Growing Dividend

Jan 23

Here's Why First BanCorp (NYSE:FBP) Has Caught The Eye Of Investors

Oct 23
Here's Why First BanCorp (NYSE:FBP) Has Caught The Eye Of Investors
User avatar

Tactical Growth And Efficiency Measures Promise Bright Future Despite Analysts' Cautions

Enhanced operational efficiency and revenue growth potential driven by investments in IT infrastructure and a focus on commercial construction loans.

First BanCorp.: Raising The Earnings Estimate And Upgrading To Buy

Sep 13

Should You Be Adding First BanCorp (NYSE:FBP) To Your Watchlist Today?

Jul 24
Should You Be Adding First BanCorp (NYSE:FBP) To Your Watchlist Today?

First BanCorp: A Call Option On Puerto Rico

Jun 19

First BanCorp's (NYSE:FBP) Upcoming Dividend Will Be Larger Than Last Year's

Feb 12
First BanCorp's (NYSE:FBP) Upcoming Dividend Will Be Larger Than Last Year's

First BanCorp: Fairly Priced With A Flattish Earnings Outlook

Dec 09

First BanCorp: Worthy Of Consideration

Sep 24

CEO Compensation Analysis

How has Aurelio Aleman-Bermudez's remuneration changed compared to First BanCorp's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

US$333m

Jun 30 2025n/an/a

US$307m

Mar 31 2025n/an/a

US$302m

Dec 31 2024US$5mUS$1m

US$299m

Sep 30 2024n/an/a

US$303m

Jun 30 2024n/an/a

US$311m

Mar 31 2024n/an/a

US$306m

Dec 31 2023US$4mUS$1m

US$303m

Sep 30 2023n/an/a

US$297m

Jun 30 2023n/an/a

US$289m

Mar 31 2023n/an/a

US$293m

Dec 31 2022US$4mUS$990k

US$305m

Sep 30 2022n/an/a

US$304m

Jun 30 2022n/an/a

US$304m

Mar 31 2022n/an/a

US$299m

Dec 31 2021US$4mUS$959k

US$277m

Sep 30 2021n/an/a

US$255m

Jun 30 2021n/an/a

US$208m

Mar 31 2021n/an/a

US$158m

Dec 31 2020US$4mUS$996k

US$100m

Sep 30 2020n/an/a

US$86m

Jun 30 2020n/an/a

US$104m

Mar 31 2020n/an/a

US$124m

Dec 31 2019US$3mUS$959k

US$165m

Sep 30 2019n/an/a

US$229m

Jun 30 2019n/an/a

US$219m

Mar 31 2019n/an/a

US$209m

Dec 31 2018US$4mUS$959k

US$199m

Compensation vs Market: Aurelio's total compensation ($USD4.77M) is below average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Aurelio's compensation has been consistent with company performance over the past year.

CEO

Aurelio Aleman-Bermudez (66 yo)

16.3yrs
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

NamePositionTenureCompensationOwnership
Aurelio Aleman-Bermudez
President16.3yrsUS$4.77m0.67%
$ 22.4m
Orlando Berges-González
Executive VP & CFO16.3yrsUS$1.58m0.19%
$ 6.3m
Juan Pavia
Executive VP4.6yrsUS$1.18m0.051%
$ 1.7m
Nayda Rivera-Batista
Executive VP19.7yrsUS$1.43m0.15%
$ 4.9m
Said Ortiz
Senior VP4.2yrsno data0.027%
$ 894.1k
Ramon Rodriguez
Senior Vice President of Corporate Strategy / Investor Relationsno datano datano data
Sara Alvarez-Cabrero
Executive VP18.3yrsno data0.044%
$ 1.5m
Carmen Pagan
Senior VPno datano datano data
Ginoris Lopez-Lay
Executive VP & Strategic Management Director15.8yrsno data0.13%
$ 4.4m
Thomas McDonald
Executive VP & Business Group Director13.3yrsUS$712.34k0.062%
$ 2.1m
Jose Lacasa
Executive VP & Florida Business Director4.2yrsno data0.042%
$ 1.4m
Lilian Diaz-Bento
Executive VP & Business Group Director4.6yrsno data0.028%
$ 931.2k
14.5yrs
Average Tenure
57yo
Average Age

Experienced Management: FBP's management team is seasoned and experienced (14.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Aurelio Aleman-Bermudez
President16.3yrsUS$4.77m0.67%
$ 22.4m
Roberto Herencia
Independent Chairman14.2yrsUS$500.19k0.41%
$ 13.7m
Félix Villamil
Independent Director5.2yrsUS$130.19k0.012%
$ 406.2k
Juan Reboyras
Independent Director11.3yrsUS$152.69k0.016%
$ 522.3k
John Heffern
Independent Director8.2yrsUS$156.19k0.049%
$ 1.6m
Tracey Dedrick
Independent Director6.9yrsUS$140.19k0.022%
$ 719.5k
Luz Crespo
Independent Director10.8yrsUS$150.19k0.040%
$ 1.3m
Patricia Eaves
Independent Director4.8yrsUS$126.69k0.013%
$ 426.0k
Daniel Frye
Independent Director7.3yrsUS$141.19k0.013%
$ 417.9k
8.2yrs
Average Tenure
66yo
Average Age

Experienced Board: FBP's board of directors are considered experienced (8.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/26 01:03
End of Day Share Price 2025/12/24 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.

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 11 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.

AnalystInstitution
Brandon BermanBofA Global Research
Joseph GladueB. Riley Securities, Inc.
Michael DianaCantor Fitzgerald & Co.