First BanCorp. New (FBP) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5431,494644586716300752
Cash and cash equivalents2,5431,494644586716300752
Total current assets:2,5431,494644586716300752
Noncurrent Assets
Operating lease, right-of-use asset9010361
Property, plant and equipment146158150148142151161
Intangible assets, net (including goodwill)69802828282828
Goodwill39392828282828
Intangible assets, net (excluding goodwill)3041     
Deferred income tax assets208  
Total noncurrent assets:514341239176170179189
Other undisclosed assets17,72816,95811,72811,48111,37511,44411,631
TOTAL ASSETS:20,78518,79312,61112,24412,26111,92212,573
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt300300100150300300700
Total current liabilities:300300100150300300700
Noncurrent Liabilities
Other undisclosed liabilities18,38416,21810,28310,04910,0929,83610,179
Total liabilities:18,68416,51810,38310,19910,39210,13610,879
Stockholders' equity
Stockholders' equity attributable to parent2,1022,2752,2282,0451,8691,7861,694
Preferred stock 363636363636
Common stock22222222222222
Treasury stock, value(2)(0)(0)(0)(0)(0)(0)
Additional paid in capital738946942940937932926
Accumulated other comprehensive income (loss)(84)557(40)(21)(34)(28)
Retained earnings1,4271,2151,2221,088895831738
Total stockholders' equity:2,1022,2752,2282,0451,8691,7861,694
TOTAL LIABILITIES AND EQUITY:20,78518,79312,61112,24412,26111,92212,573

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues916804766707651673687
Net investment income734644627573550546567
Cost of revenue (171)(42)(59)(5)(4)(3)
Provision for loan, lease, and other losses (171)(42)(59)
Amortization of mortgage servicing rights (msrs)    (5)(4)(3)
Gross profit:916633724648646670684
Operating expenses(229)(195)(163)(144)  (313)
Other operating income, net
(Noninterest Income, Other Operating Income)
49424033  33
Operating income:735480601537646670404
Nonoperating income
(Investment Income, Nonoperating)
      13
Interest and debt expense(65)(93)(109)(97)(97)(101)(103)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (382)(337)(286)
Income from continuing operations before equity method investments, income taxes:67138749243916723128
Other undisclosed income (loss) from continuing operations before income taxes(243)(271)(253)(249)(105)(101)90
Income from continuing operations before income taxes:42811623919162130118
Income tax expense (benefit)(147)(14)(72)(11)5(37)(6)
Net income:2811021671806793112
Other undisclosed net income (loss) attributable to parent   22  (90)
Net income attributable to parent:281102167202679321
Other undisclosed net loss available to common stockholders, basic(4)(3)(3)(3)(3)(0) 
Net income available to common stockholders, diluted:277100165199649321

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2811021671806793112
Other comprehensive income (loss)(139)4947(20)14(7)(9)
Comprehensive income:1421512151608187102
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   22  (90)
Comprehensive income, net of tax, attributable to parent:142151215182818712

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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