Development
Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 18.4 and a capital leverage ratio of 11.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.9 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 2.1%, coupled with a return on assets of 1.6 has resulted in Excellent (8.9) profitability. A current level of 5.4 percent of nonperforming loans to core capital combined with 17.3 percent from a year earlier contributes to the Fair asset quality (4.8).
Asset Mix:
Securities (30%), home mtgs (15%), comm re (15%), consumer loans (15%), comm loans (9%), cash (4%), other (12%)
States with Branches:
FL, PR, VI
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
First BanCorp.
Investment Rating
Address
1519 Ponce De Leon Avenue
San Juan, PR 00908
San Juan, PR 00908
Phone Number
(787) 729-8200
Year Founded
1948
FDIC Number
Website
Largest Affiliates
No affiliate information available.