First BanCorp.

NYSE:FBP Stock Report

Market Cap: US$3.0b

First BanCorp Management

Management criteria checks 4/4

First BanCorp's CEO is Aurelio Aleman-Bermudez, appointed in Sep 2009, has a tenure of 15.25 years. total yearly compensation is $4.08M, comprised of 25.2% salary and 74.8% bonuses, including company stock and options. directly owns 0.64% of the company’s shares, worth $19.03M. The average tenure of the management team and the board of directors is 14.8 years and 7.2 years respectively.

Key information

Aurelio Aleman-Bermudez

Chief executive officer

US$4.1m

Total compensation

CEO salary percentage25.2%
CEO tenure15.3yrs
CEO ownership0.6%
Management average tenure14.8yrs
Board average tenure7.2yrs

Recent management updates

Recent updates

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

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

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

CEO Compensation Analysis

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

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 ($USD4.08M) is below average for companies of similar size in the US market ($USD6.65M).

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

CEO

Aurelio Aleman-Bermudez (65 yo)

15.3yrs

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
President15.3yrsUS$4.08m0.64%
$ 19.0m
Orlando Berges-González
Executive VP & CFO15.3yrsUS$1.48m0.17%
$ 5.1m
Donald Kafka
Executive VP & COO9.9yrsUS$1.11m0.058%
$ 1.7m
Cassan Pancham
Executive VP & Business Group Director19.2yrsUS$1.03m0.18%
$ 5.4m
Nayda Rivera-Batista
Executive VP & Chief Risk Officer18.7yrsUS$1.26m0.15%
$ 4.3m
Said Ortiz
Chief Accounting Officer3.2yrsno data0.022%
$ 654.3k
Ramon Rodriguez
Senior Vice President of Corporate Strategy / Investor Relationsno datano datano data
Sara Alvarez-Cabrero
Executive VP17.3yrsno data0.037%
$ 1.1m
Ginoris Lopez-Lay
Executive VP & Strategic Management Director14.8yrsno data0.12%
$ 3.6m
Thomas McDonald
Executive VP & Business Group Director12.3yrsUS$712.34k0.054%
$ 1.6m
Jose Lacasa
Executive VP & Florida Business Director3.2yrsno data0.035%
$ 1.0m
Juan Pavia
Executive VP & Chief Credit Officer3.6yrsno data0.041%
$ 1.2m

14.8yrs

Average Tenure

59yo

Average Age

Experienced Management: FBP's management team is seasoned and experienced (14.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Aurelio Aleman-Bermudez
President15.3yrsUS$4.08m0.64%
$ 19.0m
Roberto Herencia
Independent Chairman13.2yrsUS$500.17k0.40%
$ 12.0m
Félix Villamil
Independent Director4.2yrsUS$130.17k0.011%
$ 316.4k
Juan Reboyras
Independent Director10.3yrsUS$152.67k0.046%
$ 1.4m
John Heffern
Independent Director7.2yrsUS$156.17k0.046%
$ 1.4m
Tracey Dedrick
Independent Director5.9yrsUS$140.17k0.019%
$ 575.3k
Luz Crespo
Independent Director9.8yrsUS$150.17k0.037%
$ 1.1m
Patricia Eaves
Independent Director3.8yrsUS$126.67k0.011%
$ 333.1k
Daniel Frye
Independent Director6.3yrsUS$141.17k0.011%
$ 328.0k

7.2yrs

Average Tenure

65yo

Average Age

Experienced Board: FBP's board of directors are considered experienced (7.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 08:49
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

First BanCorp. is covered by 16 analysts. 5 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.