First BanCorp. (FBP) financial statements (2021 and earlier)

Company profile

Business Address 1519 PONCE DE LEON AVE
SAN JUAN, 00908-0146
State of Incorp.
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,494644586716300752796
Cash and cash equivalents1,494644586716300752796
Disposal group, including discontinued operation      77
Total current assets:1,494644586716300752873
Noncurrent Assets
Operating lease, right-of-use asset10361
Property, plant and equipment158150148142151161167
Intangible assets, net (including goodwill)80282828282828
Goodwill39282828282828
Intangible assets, net (excluding goodwill)41      
Total noncurrent assets:341239176170179189195
Other undisclosed assets16,95811,72811,48111,37511,44411,63111,660
TOTAL ASSETS:18,79312,61112,24412,26111,92212,57312,728
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt300100150300300700900
Total current liabilities:300100150300300700900
Noncurrent Liabilities
Other undisclosed liabilities16,21810,28310,04910,0929,83610,17910,156
Total liabilities:16,51810,38310,19910,39210,13610,87911,056
Stockholders' equity
Stockholders' equity attributable to parent2,2752,2282,0451,8691,7861,6941,672
Preferred stock36363636363636
Common stock22222222222221
Treasury stock, value(0)(0)(0)(0)(0)(0)(0)
Additional paid in capital946942940937932926916
Accumulated other comprehensive income (loss)557(40)(21)(34)(28)(18)
Retained earnings1,2151,2221,088895831738717
Total stockholders' equity:2,2752,2282,0451,8691,7861,6941,672
TOTAL LIABILITIES AND EQUITY:18,79312,61112,24412,26111,92212,57312,728

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues804766707651673687695
Net investment income644627573550546567590
Cost of revenue(171)(42)(59)(5)(4)(3)(113)
Provision for loan, lease, and other losses(171)(42)(59)
Amortization of mortgage servicing rights (msrs)   (5)(4)(3)(3)
Financial services costs   (110)
Gross profit:633724648646670684582
Operating expenses(195)(163)(144)  (313)(326)
Other operating income, net
(Noninterest Income, Other Operating Income)
424033  3330
Operating income:480601537646670404287
Nonoperating income (expense)
(Investment Income, Nonoperating)
     13(0)
Interest and debt expense(93)(109)(97)(97)(101)(103)(116)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (382)(337)(286)(79)
Income from continuing operations before equity method investments, income taxes:3874924391672312892
Loss from equity method investments      (7)
Other undisclosed income (loss) from continuing operations before income taxes(271)(253)(249)(105)(101)90109
Income from continuing operations before income taxes:11623919162130118193
Income tax expense (benefit)(14)(72)(11)5(37)(6)301
Net income:1021671806793112494
Other undisclosed net income (loss) attributable to parent  22  (90)(102)
Net income attributable to parent:102167202679321392
Preferred stock dividends and other adjustments      2
Other undisclosed net loss available to common stockholders, basic(3)(3)(3)(3)(0)  
Net income available to common stockholders, diluted:100165199649321394

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1021671806793112494
Other comprehensive income (loss)4947(20)14(7)(9)60
Comprehensive income:1512151608187102554
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  22  (90)(102)
Comprehensive income, net of tax, attributable to parent:151215182818712453

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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