FirstBank - About the company
FirstBank is a public company based in San Juan (Puerto Rico), founded in 1948. It operates as a Commercial bank. FirstBank has raised an undisclosed amount in funding. The company has 25 active competitors, including 1 funded and 7 that have exited. Its top competitors include companies like Scotiabank, CBiBank and OFG Bancorp.
Company Details
- Social
- Email ID
- *****@firstbankpr.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
1948
Location
San Juan, Puerto Rico
Stage
Public
Latest Funding Round
Investors
Ranked
2nd among 25 active competitors
Investment & Acquisitions
Similar Companies
Exit Details
Public
Legal entities associated with FirstBank
FirstBank is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FIRST BANCORP /PR/ CIN: 1057706 , United States, Active | - | - | - | |
FIRST BANK OF PUERTO RICO CIN: 660183103 , United States, Active | Dec 31, 1999 | - | 2782 (As on Dec 31, 2024) | - |
FirstBank's IPO details
FirstBank got listed on Oct 31, 1994.
Click here to take a look at FirstBank's IPO in detail
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FirstBank's funding and investors
FirstBank has raised funding over 1 round. Its latest funding round was a Post IPO round on May 31, 2011 for $*****. 1 investor participated in its latest round. FirstBank has 2 institutional investors.
Here is the list of recent funding rounds of FirstBank:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 31, 2011 | 7520669 | Post IPO | 5049120 | 8986431 | 6482741 | 2448915 |
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FirstBank's Competitors and alternates
Top competitors of FirstBank include Scotiabank, CBiBank and OFG Bancorp. Here is the list of Top 10 competitors of FirstBank, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Scotiabank 1832, Toronto (Canada), Public | Commercial bank | - | 75/100 | |
2nd | FirstBank 1948, San Juan (Puerto Rico), Public | Commercial bank | - | 60/100 | |
3rd |  CBiBank 2006, San Juan (Puerto Rico), Series A | Commercial bank | $15M | 43/100 | |
4th | OFG Bancorp 1964, San Juan (Puerto Rico), Public | Commercial bank | - | - | 39/100 |
5th |  Cooperativa Oriental 1958, Puerto Rico, Unfunded | Commercial bank | - | - | 36/100 |
6th | Kreissparkasse Biberach 1853, Biberach (Germany), Unfunded | Commercial bank | - | - | 35/100 |
7th |  First BanCorp 1948, San Juan (Puerto Rico), Unfunded | Commercial bank | - | - | 34/100 |
8th | Cidreña Coop Cidra (Puerto Rico), Unfunded | Provider of financial services including savings, credit, and loan products | - | - | 33/100 |
9th |  Italbank 2008, San Juan (Puerto Rico), Unfunded | Commercial bank | - | - | 33/100 |
10th | Santander PuertoRico 1976, San Juan (Puerto Rico), Acquired | Commercial bank with national presence | - | - | 29/100 |
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FirstBank's Investments and acquisitions
FirstBank has made 3 investments in companies including TREO Group and Global Jet Capital. FirstBank has also acquired 2 companies including GrandSouth and Santander PuertoRico.Here is the list of investments & acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jun 21, 2022 | Acquisition | 1998 | Greenville (United States) | |
Oct 21, 2019 | Acquisition | 1976 | San Juan (Puerto Rico) | |
Sep 25, 2018 | Investments | 2008 | Avenue Range (Australia) |
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News related to FirstBank
Filter this listMedia has covered FirstBank for a total of 2 events in the last 1 year, 1 of them has been about company updates and 1 about people movement.
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Schroder Investment Management Group Purchases 163,026 Shares of First Bancorp $FBNCMarketBeat•Mar 12, 2026•Schroders, FirstBank
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First BanCorp. appoints for new post of chief consumer officer as part of reorganizationSeeking Alpha•Jan 31, 2025•FirstBank
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First BanCorp. GAAP EPS of $0.46 beats by $0.05, revenue of $231.67M misses by $1.82MSeeking Alpha•Jul 23, 2024•FirstBank
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FirstBank Puerto Rico Selects nCino to Transform Commercial Lending ServicesFintech Finance•Mar 20, 2024•nCino, FirstBank
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Los Angeles Capital Management LLC Takes Position in First BanCorp. (NYSE:FBP)reporter.am•Feb 01, 2024•Lacapm, FirstBank
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First BanCorp. Announces Earnings for the Quarter Ended March 31, 2023Business Wire•Apr 25, 2023•FirstBank
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