First BanCorp (First BanCorp) Scaled Net Operating Assets : -0.20 (As of Dec. 2023)

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What is First BanCorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First BanCorp's operating assets for the quarter that ended in Dec. 2023 was $13,016.4 Mil. First BanCorp's operating liabilities for the quarter that ended in Dec. 2023 was $16,750.2 Mil. First BanCorp's Total Assets for the quarter that ended in Sep. 2023 was $18,594.6 Mil. Therefore, First BanCorp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.20.

First BanCorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First BanCorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(18247.324	-	16750.24)	/	18634.484
=	0.08

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	18909.549	-	662.225
=	18247.324

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	17411.94	-	661.7	-	0
=	16750.24

First BanCorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(13016.401	-	16750.24)	/	18594.608
=	-0.20

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	18909.549	-	5893.148
=	13016.401

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	17411.94	-	661.7	-	0
=	16750.24

* 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 (First BanCorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First BanCorp (NYSE:FBP) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

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.

Executives

Carlos Power	officer: EVP	P.O. BOX 9146, SAN JUAN PR 00908-0146
Aurelio Aleman	officer: Executive Vice President	P.O. BOX 9146, SAN JUAN PR 00908-0146
Donald Kafka	officer: Chief Operating Officer	PO BOX 9146, SAN JUAN PR 00908
Nayda Rivera	officer: EVP	PO BOX 9146, SAN JUAN PR 00908 0146
John A. Heffern	director	7 TOFTREES COURT, PRINCETON NJ 08540
Tracey A Dedrick	director	C/O HUDSON CITY BANCORP, INC., PARAMUS NJ 07652
Daniel Edward Frye	director	5 APPLEWOOD CIRCLE, EASTSANDWICH MA 02537
Gonzalez Orlando Berges	officer: EVP and CFO	PO BOX 9146, SAN JUAN PR 00908-0146
Roberto R Herencia	director	P.O. BOX 9146, SAN JUAN PR 00908
Patricia Eaves	director	PO BOX 9146, SAN JUAN PR 00908
Said Ortiz	officer: Chief Accounting Officer	PO BOX 9146, SAN JUAN PR 00908
Jose Maria Lacasa	officer: EVP	PO BOX 9146, SAN JUAN PR 00908
Lilian Diaz-bento	officer: EVP	PO BOX 9146, SAN JUAN PR 00908
Juan Carlos Pavia	officer: EVP, Chief Credit Officer	PO BOX 9146, SAN JUAN PR 00908
Sara Alvarez-cabrero	officer: EVP, General Counsel	PO BOX 9146, SAN JUAN PR 00908