First BanCorp (First BanCorp) Allowance For Loans And Lease Losses : $-261.84 Mil (As of Dec. 2023)

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What is First BanCorp Allowance For Loans And Lease Losses?

First BanCorp's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-261.84 Mil.

First BanCorp's quarterly Allowance For Loans And Lease Losses increased from Jun. 2023 ($-267.06 Mil) to Sep. 2023 ($-263.62 Mil) and increased from Sep. 2023 ($-263.62 Mil) to Dec. 2023 ($-261.84 Mil).

First BanCorp's annual Allowance For Loans And Lease Losses increased from Dec. 2021 ($-269.03 Mil) to Dec. 2022 ($-260.46 Mil) but then declined from Dec. 2022 ($-260.46 Mil) to Dec. 2023 ($-261.84 Mil).

First BanCorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for First BanCorp's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First BanCorp Allowance For Loans And Lease Losses Chart

First BanCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-385.89

-269.03

-260.46

-261.84

First BanCorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-265.57	-267.06	-263.62	-261.84	-263.59

First BanCorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

First BanCorp Allowance For Loans And Lease Losses Related Terms

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First BanCorp (First BanCorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First BanCorp (OTCPK:FBPRM.PFD) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

FBP:USA OLWN:Germany

Address

1519 Ponce de Leon Avenue, Stop 23, San Juan, PRI, 00908

Website

https://www.1firstbank.com

First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.