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First BanCorp (First BanCorp) Gross-Profit-to-Asset % : 4.39% (As of Dec. 2023)


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What is First BanCorp Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. First BanCorp's annualized Gross Profit for the quarter that ended in Dec. 2023 was $822.9 Mil. First BanCorp's average Total Assets over the quarter that ended in Dec. 2023 was $18,752.1 Mil. Therefore, First BanCorp's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 4.39%.


First BanCorp Gross-Profit-to-Asset % Historical Data

The historical data trend for First BanCorp's Gross-Profit-to-Asset % 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.

* Premium members only.

First BanCorp Gross-Profit-to-Asset % Chart

First BanCorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.31 4.13 4.50 4.78

First BanCorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.91 4.81 4.91 4.39 4.76

Competitive Comparison of First BanCorp's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, First BanCorp's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First BanCorp's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First BanCorp's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where First BanCorp's Gross-Profit-to-Asset % falls into.



First BanCorp Gross-Profit-to-Asset % Calculation

First BanCorp's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=897.168/( (18634.484+18909.549)/ 2 )
=897.168/18772.0165
=4.78 %

First BanCorp's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=822.94/( (18594.608+18909.549)/ 2 )
=822.94/18752.0785
=4.39 %

* 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.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


First BanCorp Gross-Profit-to-Asset % Related Terms

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First BanCorp (First BanCorp) Business Description

Traded in Other Exchanges
Address
1519 Ponce de Leon Avenue, Stop 23, San Juan, PRI, 00908
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

First BanCorp (First BanCorp) Headlines