FBPRN.PFD (First BanCorp) Scaled Net Operating Assets : -0.17 (As of Sep. 2024)

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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 Sep. 2024 was $13,279.02 Mil. First BanCorp's operating liabilities for the quarter that ended in Sep. 2024 was $16,546.59 Mil. First BanCorp's Total Assets for the quarter that ended in Jun. 2024 was $18,881.37 Mil. Therefore, First BanCorp's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.17.

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 Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(13279.018	-	16546.585)	/	18881.374
=	-0.17

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	18859.17	-	5580.152
=	13279.018

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	17158.285	-	401.7	-	210
=	16546.585

* 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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First BanCorp (OTCPK:FBPRN.PFD) » Definitions » Scaled Net Operating Assets

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 generates majority revenue, which 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.