First BanCorp Management

Management criteria checks 4/4

First BanCorp's CEO is Aurelio Aleman-Bermudez, appointed in Sep 2009, has a tenure of 14.83 years. total yearly compensation is $4.08M, comprised of 25.2% salary and 74.8% bonuses, including company stock and options. directly owns 0.72% of the company’s shares, worth $22.70M. The average tenure of the management team and the board of directors is 14.3 years and 6.8 years respectively.

Key information

Aurelio Aleman-Bermudez

Chief executive officer

US$4.1m

Total compensation

CEO salary percentage25.2%
CEO tenure14.8yrs
CEO ownership0.7%
Management average tenure14.3yrs
Board average tenure6.8yrs

Recent management updates

Recent updates

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

First BanCorp Leveraged To Sustained Improvement In Puerto Rico's Economy

Feb 10

Analyst Estimates: Here's What Brokers Think Of First BanCorp. (NYSE:FBP) After Its Annual Report

Jan 31
Analyst Estimates: Here's What Brokers Think Of First BanCorp. (NYSE:FBP) After Its Annual Report

First BanCorp. Q4 2022 Earnings Preview

Jan 26

Do First BanCorp's (NYSE:FBP) Earnings Warrant Your Attention?

Jan 07
Do First BanCorp's (NYSE:FBP) Earnings Warrant Your Attention?

First BanCorp. Q3 2022 Earnings Preview

Oct 24

If EPS Growth Is Important To You, First BanCorp (NYSE:FBP) Presents An Opportunity

Sep 03
If EPS Growth Is Important To You, First BanCorp (NYSE:FBP) Presents An Opportunity

First BanCorp. goes ex dividend tomorrow

Aug 23

First BanCorp: Stock Price Due For A Breather, Earnings Likely To Continue Full Steam Ahead

Aug 13

First BanCorp. Q2 2022 Earnings Preview

Jul 21

First BanCorp: Revising The Earnings Estimate Upwards Thanks To Better Provisioning Outlook

May 26

First BanCorp (NYSE:FBP) Is Increasing Its Dividend To US$0.12

May 02
First BanCorp (NYSE:FBP) Is Increasing Its Dividend To US$0.12

Does First BanCorp (NYSE:FBP) Deserve A Spot On Your Watchlist?

Mar 30
Does First BanCorp (NYSE:FBP) Deserve A Spot On Your Watchlist?

First BanCorp: Attractively Valued With A Stable Earnings Outlook

Mar 06

First BanCorp: Flattish Earnings Outlook

Nov 27

First BanCorp.: Net Provision Reversals To Drive Earnings

Sep 08

CEO Compensation Analysis

How has Aurelio Aleman-Bermudez's remuneration changed compared to First BanCorp's earnings?
DateTotal CompensationSalaryCompany Earnings
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

Sep 30 2018n/an/a

US$122m

Jun 30 2018n/an/a

US$75m

Mar 31 2018n/an/a

US$72m

Dec 31 2017US$3mUS$959k

US$64m

Compensation vs Market: Aurelio's total compensation ($USD4.08M) is below average for companies of similar size in the US market ($USD6.73M).

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


CEO

Aurelio Aleman-Bermudez (65 yo)

14.8yrs

Tenure

US$4,078,567

Compensation

Mr. Aurelio Aleman-Bermudez has been the Chief Executive Officer and President of First BanCorp. since September 28, 2009. Mr. Alemán currently serves as Chairman of the Board of Directors and CEO of the C...


Leadership Team

NamePositionTenureCompensationOwnership
Aurelio Aleman-Bermudez
President14.8yrsUS$4.08m0.72%
$ 22.7m
Orlando Berges-González
Executive VP & CFO14.9yrsUS$1.48m0.17%
$ 5.3m
Donald Kafka
Executive VP & COO9.5yrsUS$1.11m0.14%
$ 4.3m
Cassan Pancham
Executive VP & Business Group Director18.8yrsUS$1.03m0.18%
$ 5.6m
Nayda Rivera-Batista
Executive VP & Chief Risk Officer18.3yrsUS$1.26m0.16%
$ 5.0m
Said Ortiz
Chief Accounting Officer2.8yrsno data0.022%
$ 675.9k
Ramon Rodriguez
Senior Vice President of Corporate Strategy / Investor Relationsno datano datano data
Sara Alvarez-Cabrero
Executive VP16.8yrsno data0.037%
$ 1.1m
Ginoris Lopez-Lay
Executive VP & Strategic Management Director14.3yrsno data0.16%
$ 4.9m
Thomas McDonald
Executive VP & Business Group Director11.8yrsUS$712.34k0.066%
$ 2.1m
Jose Lacasa
Executive VP & Florida Business Director2.8yrsno data0.034%
$ 1.1m
Juan Pavia
Executive VP & Chief Credit Officer3.2yrsno data0.040%
$ 1.3m

14.3yrs

Average Tenure

59yo

Average Age

Experienced Management: FBP's management team is seasoned and experienced (14.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Aurelio Aleman-Bermudez
President14.8yrsUS$4.08m0.72%
$ 22.7m
Roberto Herencia
Independent Chairman12.8yrsUS$500.17k0.45%
$ 14.2m
Félix Villamil
Independent Director3.8yrsUS$130.17k0.0093%
$ 293.4k
Juan Reboyras
Independent Director9.9yrsUS$152.67k0.044%
$ 1.4m
John Heffern
Independent Director6.8yrsUS$156.17k0.053%
$ 1.7m
Tracey Dedrick
Independent Director5.5yrsUS$140.17k0.017%
$ 543.7k
Luz Crespo
Independent Director9.4yrsUS$150.17k0.036%
$ 1.1m
Patricia Eaves
Independent Director3.3yrsUS$126.67k0.011%
$ 344.2k
Daniel Frye
Independent Director5.9yrsUS$141.17k0.014%
$ 449.5k

6.8yrs

Average Tenure

65yo

Average Age

Experienced Board: FBP's board of directors are considered experienced (6.8 years average tenure).


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