| Business Summary | | First
BanCorp.
is
the
publicly
owned
financial
holding
company
of
FirstBank
Puerto
Rico.
FirstBank
conducts
its
business
through
its
main
office
located
in
San
Juan,
Puerto
Rico,
44
full-service
branches
in
Puerto
Rico,
and
four
branches
in
the
U.S.
Virgin
Islands
of
St.
Thomas
and
St.
Croix.
The
Bank
also
has
four
loan
origination
offices
focusing
on
mortgage
loans,
a
loan
origination
office
focusing
on
personal
loans
and
credit
cards,
and
a
loan
origination
office
focusing
on
auto
loans.
FirstBank
has
two
subsidiaries,
First
Leasing
and
Rental
Corporation,
a
vehicle
leasing
and
daily
rental
company
with
six
offices,
and
First
Federal
Finance
Corp.
D/B/A
Money
Express
"La
Financiera,"
a
small
loan
company
with
26
offices.
The
Company
had
total
assets
of
$5.92
billion
and
total
deposits
of
$3.346
billion
at
December
31,
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FBP
is
the
holding
company
for
FirstBank
Puerto
Rico,
a
chartered
commercial
bank
with
offices
in
Puerto
Rico
and
the
U.S.
Virgin
Islands.
For
the
six
months
ended
6/30/01,
interest
income
rose
17%
to
$254.9
million.
Net
interest
income
after
loan
loss
prov.
rose
6%
to
$77.8
million.
Net
income
app.
to
Com.
before
acct.
chg.
rose
14%
to
$33.6
million.
Results
reflect
higher
loans,
partially
offset
by
lower
interest
margins.
Earnings
were
part.
offset
by
higher
employee
comp. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Angel Alvarez-Perez, 52 Chairman,
Pres and CEO | $1.2M | Aurelio Aleman, 41 Exec.
VP- Retail Banking for FirstBank | 404K | Fernando Batlle, 33 Exec.
VP- Branch Banking and Mortgage Banking of FirstBank | 414K | Luis Beauchamp, 57 Sr.
Exec. VP and CLO of FirstBank | 542K | Francisco Cortes-Aguayo, 57 Exec.
VP- Banking Operations of FirstBank | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|