First Bank Overview

Financial ServicesCompany

Was First Bank formerly PE-backed?

Yes. First Bank was formerly owned by 1 private investor.

Where is First Bank headquartered?

First Bank is headquartered in San Juan, Puerto Rico.

What is First Bank’s revenue?

First Bank disclosed revenue of 905M USD for 2024 and 897M USD for 2023.

How many employees does First Bank have?

First Bank has 3,113 employees.

What sector is First Bank in?

First Bank is a financial services company.

When was First Bank founded?

First Bank was founded in 1948.

First Bank

First BanCorp.

1519 Ponce de Leon Ave. Stop 23 PO Box 9146,
San Juan, 00908
Puerto Rico,
(787) 760-8200
www.1firstbank.com

First Bank is a financial holding company offering commercial banking, residential mortgage loan, finance lease, personal loan, small loan, auto loan, insurance, and broker dealer products and services to retail, commercial, and institutional customers primarily in Puerto Rico, and to a lesser extent in the U.S. and British Virgin Islands and Florida. First Bank was incorporated in 1948 and is based in San Juan, Puerto Rico.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 13 - 1 - - - 14
vol $751M $181M $932M
Sell (0.0/yr) # 1 - - - - - 1
  15

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners
1
Goldman Sachs
1
RBC Capital Markets
1
Legal Deals
Fiddler Gonzalez & Rodriguez
4
Brooks, Pierce, McLendon, Humphrey & Leonard
1
Skadden, Arps, Slate, Meagher & Flom
1

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