About FirstBank
FirstBank is a company based in San Juan (United States) founded in 1948. It operates as a Subscription Services, and Commission-Based. FirstBank has completed 2 acquisitions, including GrandSouth and Santander PuertoRico. FirstBank offers products and services including Personal Banking, Credit Cards, Mortgage Loans, and Commercial Banking. FirstBank operates in a competitive market with competitors including Scotiabank, OFG Bancorp, CBiBank, Cooperativa Oriental and Mercantile Bank, among others.
- Headquarter San Juan, United States
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name First Bancorp
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$180 M (USD), Post-IPO
May 31, 2011
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
GrandSouth
& 1 more
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IPO & Listings of FirstBank
FirstBank is a publicly listed company on the NASDAQ with ticker symbol FNLC in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of FirstBank
FirstBank offers a comprehensive portfolio of products and services, including Personal Banking, Credit Cards, Mortgage Loans, and Commercial Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personal accounts and services are provided for individuals.
Credit card solutions are offered for personal use.
Mortgage financing options are provided for home buyers.
Business accounts and services are tailored for companies.
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Funding Insights of FirstBank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $180.0M
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First Round
First Round
(31 May 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2011 | Amount | Post-IPO - FirstBank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FirstBank
FirstBank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Thomas H Lee Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward traditional industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FirstBank
FirstBank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include GrandSouth and Santander PuertoRico. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial banking services are provided to businesses and individuals nationwide.
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1998 | ||||
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Commercial banking services are offered nationwide in Puerto Rico.
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1976 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FirstBank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Firstbank Comparisons
Competitors of FirstBank
FirstBank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, OFG Bancorp, CBiBank, Cooperativa Oriental and Mercantile Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are offered by CBiBank in Puerto Rico.
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| domain | founded_year | HQ Location |
Provides financial services like savings accounts, personal loans, and online banking.
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| domain | founded_year | HQ Location |
Commercial bank
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about FirstBank
When was FirstBank founded?
FirstBank was founded in 1948 and raised its 1st funding round 63 years after it was founded.
Where is FirstBank located?
FirstBank is headquartered in San Juan, United States. It is registered at San Juan, Puerto Rico, United States.
What does FirstBank do?
FirstBank is involved in offering a wide range of banking and financial services. Personal banking solutions, including checking and savings accounts, credit cards, and loans, are provided to individual clients. Commercial banking services, such as business accounts and credit solutions, are tailored for corporate clients. Operations are primarily focused in Puerto Rico, with additional presence in Florida and the Virgin Islands. Digital banking platforms are maintained to enhance customer access and convenience. Various insurance products and investment options are also made available to clients across different sectors.
Who are the top competitors of FirstBank?
FirstBank's top competitors include Scotiabank, CBiBank and OFG Bancorp.
What products or services does FirstBank offer?
FirstBank offers Personal Banking, Credit Cards, Mortgage Loans, and Commercial Banking.
Is FirstBank publicly traded?
Yes, FirstBank is publicly traded on NASDAQ under the ticker symbol FNLC.
How many acquisitions has FirstBank made?
FirstBank has made 2 acquisitions, including GrandSouth, and Santander PuertoRico.
Who are FirstBank's investors?
FirstBank has 1 investor. Key investors include Thomas H Lee Partners.
What is FirstBank's ticker symbol?
The ticker symbol of FirstBank is FNLC on NASDAQ.
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