First BanCorp (First BanCorp) Tax Rate % : 6.34% (As of Dec. 2023)

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What is First BanCorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. First BanCorp's Tax Expense for the three months ended in Dec. 2023 was $5.4 Mil. First BanCorp's Pre-Tax Income for the three months ended in Dec. 2023 was $84.9 Mil. Therefore, First BanCorp's Tax Rate % for the quarter that ended in Dec. 2023 was 6.34%.

First BanCorp Tax Rate % Historical Data

The historical data trend for First BanCorp's Tax Rate % 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 Tax Rate % Chart

First BanCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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30.08

12.08

34.31

31.84

23.80

First BanCorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															31.12	30.00	24.74	6.34	24.59

First BanCorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

First BanCorp's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	94.572	/	397.436
	=	23.80 %

First BanCorp's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	5.385	/	84.874
	=	6.34 %

First BanCorp Tax Rate % Related Terms

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First BanCorp (First BanCorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First BanCorp (NYSE:FBP) » Definitions » Tax Rate %

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