First BanCorp. (FBP) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments644586716300752796656
Cash and cash equivalents644586716300752796656
Disposal group, including discontinued operation     77 
Total current assets:644586716300752873656
Noncurrent Assets
Operating lease, right-of-use asset61
Property, plant and equipment150148142151161167167
Long-term investments and receivables      7
Long-term investments      7
Intangible assets, net (including goodwill)28282828282828
Goodwill28282828282828
Total noncurrent assets:239176170179189195202
Other undisclosed assets11,72811,48111,37511,44411,63111,66011,799
TOTAL ASSETS:12,61112,24412,26111,92212,57312,72812,657
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt100150300300700900 
Total current liabilities:100150300300700900 
Noncurrent Liabilities
Other undisclosed liabilities10,28310,04910,0929,83610,17910,15611,441
Total liabilities:10,38310,19910,39210,13610,87911,05611,441
Stockholders' equity
Stockholders' equity attributable to parent2,2282,0451,8691,7861,6941,6721,216
Preferred stock36363636363663
Common stock22222222222121
Treasury stock, value(0)(0)(0)(0)(0)(0)(0)
Additional paid in capital942940937932926916888
Accumulated other comprehensive income (loss)7(40)(21)(34)(28)(18)(79)
Retained earnings1,2221,088895831738717323
Total stockholders' equity:2,2282,0451,8691,7861,6941,6721,216
TOTAL LIABILITIES AND EQUITY:12,61112,24412,26111,92212,57312,72812,657

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues766707651673687695630
Net investment income627573550546567590 
Cost of revenue(42)(59)(5)(4)(3)(113)(244)
Provision for loan, lease, and other losses(42)(59)
Amortization of mortgage servicing rights (msrs)  (5)(4)(3)(3)3
Financial services costs   (110)(244)
Gross profit:724648646670684582387
Operating expenses(163)(144)  (313)(326)(215)
Other operating income, net
(Noninterest Income, Other Operating Income)
4033  333032
Operating income:601537646670404287204
Nonoperating income (expense)
(Investment Income, Nonoperating)
    13(0)(0)
Interest and debt expense(109)(97)(97)(101)(103)(116)(131)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (382)(337)(286)(79)(232)
Income (loss) from continuing operations before equity method investments, income taxes:4924391672312892(159)
Loss from equity method investments     (7)(17)
Other undisclosed income (loss) from continuing operations before income taxes(253)(249)(105)(101)90109127
Income (loss) from continuing operations before income taxes:23919162130118193(49)
Income tax expense (benefit)(72)(11)5(37)(6)301(5)
Net income (loss):1671806793112494(54)
Other undisclosed net income (loss) attributable to parent 22  (90)(102)(111)
Net income (loss) attributable to parent:167202679321392(164)
Preferred stock dividends and other adjustments     2 
Other undisclosed net loss available to common stockholders, basic(3)(3)(3)(0)   
Net income (loss) available to common stockholders, diluted:165199649321394(164)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):1671806793112494(54)
Other comprehensive income (loss)47(20)14(7)(9)60(107)
Comprehensive income (loss):2151608187102554(161)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 22  (90)(102)(111)
Comprehensive income (loss), net of tax, attributable to parent:215182818712453(272)

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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