Quantisnow Logo
Dashboard

SEC Form SC 13G filed by First BanCorp. New

$FBP
Major Banks
Finance
Get the next $FBP alert in real time by email
SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 FIRST BANCORP P R COMMON STOCK Cusip #318672706 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #318672706 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 12,004,143 Item 6: 0 Item 7: 12,013,815 Item 8: 0 Item 9: 12,013,815 Item 11: 6.962% Item 12: HC Cusip #318672706 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 12,013,815 Item 8: 0 Item 9: 12,013,815 Item 11: 6.962% Item 12: IN Item 1(a). Name of Issuer: FIRST BANCORP P R Item 1(b). Address of Issuer's Principal Executive Offices: 1519 Ponce De Leon Avenue, Santurce San Juan, PR 00908-0146 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 318672706 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 12,013,815 (b) Percent of Class: 6.962% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 12,013,815 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of FIRST BANCORP P R. No one other person's interest in the COMMON STOCK of FIRST BANCORP P R is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2024 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Management & Research Company LLC * IA Fidelity Management Trust Company BK Strategic Advisers LLC IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2024, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of FIRST BANCORP P R at December 29, 2023. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.
Get the next $FBP alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$FBP

DatePrice TargetRatingAnalyst
10/25/2024$25.00 → $24.00Outperform
Hovde Group
8/26/2024$22.00Neutral
Piper Sandler
7/24/2024$21.00 → $25.00Outperform
Hovde Group
7/9/2024$21.00Outperform
Raymond James
12/15/2022$17.00 → $14.00Overweight → Equal Weight
Wells Fargo
4/12/2022$17.50Outperform
Keefe Bruyette
12/20/2021$17.00Outperform
Hovde Group
11/9/2021$16.00Overweight
Wells Fargo
More analyst ratings

$FBP
 Press Releases

Fastest customizable press release news feed in the world

See more

  • First BanCorp Announces Strategic Reorganization

    First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today a strategic reorganization aligned with its corporate succession plan aimed at improving operational efficiency, enhancing customer experience, and driving business transformation to align resources for future growth and success. "We are pleased to announce this reorganization, which reflect our commitment to fostering the continued development of our internal talent and aligns our organizational structure with our strategic goals. We believe that these changes will position us for continued success, driven by a highly energized team committed to responsible growth, deliverin

    $FBP
    Major Banks
    Finance

  • First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2024

    First BanCorp. (the "Corporation" or "First BanCorp.") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank" or "the Bank"), today reported a net income of $75.7 million, or $0.46 per diluted share, for the fourth quarter of 2024, compared to $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, and $79.5 million, or $0.46 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Corporation reported a net income of $298.7 million, or $1.81 per diluted share, compared to $302.9 million, or $1.71 per diluted share, for the year ended December 31, 2023.   Aurelio Alemán, President and Chief Executive Office

    $FBP
    Major Banks
    Finance

  • First BanCorp Announces a 13% Increase in Quarterly Cash Dividend on Common Stock to $0.18 Per Share

    First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share, which represents an increase of 13% or $0.02 per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025. "We are pleased to announce another increase to our common stock dividend. This, combined with our share buyback program, underscores our unwavering commitment to maximizing shareholder value. These actions are supported by our consistent long-term performanc

    $FBP
    Major Banks
    Finance

$FBP
 Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$FBP
 Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$FBP
 SEC Filings

See more

$FBP
 Leadership Updates

Live Leadership Updates

See more

  • First BanCorp. Announces Payment of Dividends on Preferred Stock

    SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”):   Series   Annual Dividend Rate (%)   Monthly Dividend Per Share   Outstanding Shares   Record Date   Payment Date A   7.125%   $0.14843750   197,386   January 28, 2021   February 1, 2021 B   8.35%   $0.17395800   296,146  

    $FBP
    Major Banks
    Finance

$FBP
 Financials

Live finance-specific insights

See more

  • First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2024

    First BanCorp. (the "Corporation" or "First BanCorp.") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank" or "the Bank"), today reported a net income of $75.7 million, or $0.46 per diluted share, for the fourth quarter of 2024, compared to $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, and $79.5 million, or $0.46 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Corporation reported a net income of $298.7 million, or $1.81 per diluted share, compared to $302.9 million, or $1.71 per diluted share, for the year ended December 31, 2023.   Aurelio Alemán, President and Chief Executive Office

    $FBP
    Major Banks
    Finance

  • First BanCorp Announces a 13% Increase in Quarterly Cash Dividend on Common Stock to $0.18 Per Share

    First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share, which represents an increase of 13% or $0.02 per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025. "We are pleased to announce another increase to our common stock dividend. This, combined with our share buyback program, underscores our unwavering commitment to maximizing shareholder value. These actions are supported by our consistent long-term performanc

    $FBP
    Major Banks
    Finance

  • First BanCorp to Announce 4Q 2024 Results on January 23, 2025

    First BanCorp (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the fourth quarter ended December 31, 2024, before the market opens on January 23, 2025. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Thursday, January 23, 2025. The call and webcast will be broadcast live over the internet and can be accessed through the Corporation's investor relations website: fbpinvestor.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary software. The

    $FBP
    Major Banks
    Finance

$FBP
 Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more