FirstBank Puerto Rico
Santurce, Puerto Rico, San Juan County
$19.2B in total assets, the 111th largest of 4,309 US banks and 2nd of 4 headquartered in Puerto Rico.
- FDIC certificate
- 30387
- Established
- 1949
- Owned by
- First Bcorp
- Primary regulator
- FDIC
- Website
- www.1firstbank.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $19.2B | 41% | $22.5B | |
| Loans | $13.3B | 43% | $14.5B | |
| Deposits | $16.9B | 47% | $18.4B | |
| Return on assets | 1.83% | 89% | 1.29% | |
| Net interest margin | 4.90% | 90% | 3.61% | |
| Efficiency ratio | 49.1% | 29% | 55.2% | |
| Equity to assets | 10.05% | 28% | 11.60% | |
| Loans to deposits | 79% | 26% | 87% |
Growth
Total assets grew -2.1% a year over the last 5 years and 4.4% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Sep 2020 | Banco Santander Puerto Rico San Juan, PR | $6.0B |
| Feb 2015 | Doral Bank San Juan, PR | $5.9B |
| Jul 2009 | FirstBank Florida Miami, FL, an affiliate under the same holding company | $936M |
| Jan 2008 | Virgin Islands Community Bank Christiansted, VI | $58M |
| Sep 2000 | First Virgin Islands FSB Charlotte Amalie, VI | $56M |
| Nov 1981 | Pan American Federal Savings and Loan Association of Puerto Rico Rio Piedras, PR | n/a |
Where they operate
73 branches in 28 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| San Juan County, PR | $6.6B | 11.7% | 2 of 6 |
| Miami-dade County, FL | $1.7B | 0.8% | 25 of 58 |
| Bayamon County, PR | $1.2B | 35.6% | 2 of 3 |
| Saint Thomas County, VI | $768M | 32.5% | 2 of 4 |
| Guaynabo County, PR | $723M | 25.6% | 3 of 3 |
| Ponce County, PR | $640M | 28.4% | 2 of 3 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
No net change since 2016 (73 branches then and now). 4 opened, 25 acquired, 29 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 73 | |||
| 2016 | Opened MiamiClosed 4 in Puerto Rico | 1 | 4 | −3 | 70 |
| 2017 | Opened MiamiClosed Miami | 1 | 1 | 0 | 70 |
| 2018 | Opened AreciboClosed 4 in 2 states | 1 | 4 | −3 | 67 |
| 2020 | Acquired Banco Santander Puerto Rico | 25 | 0 | +25 | 92 |
| 2021 | Opened Charlotte AmalieClosed 11 in 2 states | 1 | 11 | −10 | 82 |
| 2022 | Closed 7 in 2 states | 0 | 7 | −7 | 75 |
| 2023 | Closed Carolina | 0 | 1 | −1 | 74 |
| 2024 | Closed Cayey | 0 | 1 | −1 | 73 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 24% | 25% | |
| 1-4 family residential | 23% | 21% | |
| Consumer | 21% | 9% | |
| Business (C&I) | 15% | 17% | |
| Multifamily | 1% | 8% | |
| Construction and land | 1% | 6% | |
| Other | 15% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 43% | 62% | |
| Noninterest-bearing | 33% | 20% | |
| Time deposits | 24% | 18% |
Brokered deposits are 3.5% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.82% | 0.63% |
| Net charge-offs, annualized | 0.56% | 0.14% |
| Reserves to loans | 1.85% | 1.14% |
| Leverage ratio | 11.54% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Puerto Rico
Largest competitors in San Juan County, PR
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/firstbank-puerto-rico