{"schema":"rootz.ai/filing-signals/v1","query":{"ticker":"FBP","limit":50},"count":50,"signals":[{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":21,"context":"o encourage the manipulation of reported earnings.  In the risk-avoidance assessment, the Compensation Committee concluded that the Corporations compensation plans are not reasonably likely to have a material adverse effect on the Corporation. The Compensation Committee and management believe that, in order to give rise to a material adverse effect on the Corporation, a compensation plan must provide benefits of suffici","filed_date":"2026-03-25","accession":"0001140361-26-011118","full_text":"https://origin.rootz.global/static/filing/0001140361-26-011118.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"strategic_event","strength":100,"match_count":17,"context":"oxy Statement; | | | 2 | To adopt the First BanCorp. 2026 Omnibus Incentive Plan (the 2026 Omnibus Incentive Plan); | | | 3 | To approve on a non-binding basis the 2025 compensation of First BanCorps named executive officers (the NEOs); and | | | 4 | To ratify the appointment of Crowe LLP as our independent registered public accounting firm for our 2026 fiscal year. | | | | | | In addition, we will consider and take act","filed_date":"2026-03-25","accession":"0001140361-26-011118","full_text":"https://origin.rootz.global/static/filing/0001140361-26-011118.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":86,"context":"ly in water stressed regions; or other catastrophic events, such as fires or other disasters  occurring at our locations, whether occurring in Puerto Rico, the U.S., or internationally, could cause a significant adverse effect on  the economy and disrupt our operations. Certain areas in which our business is concentrated, including Puerto Rico and the USVI, are  particularly susceptible to earthquakes, hurricanes, and majo","filed_date":"2026-02-27","accession":"0001057706-26-000007","full_text":"https://origin.rootz.global/static/filing/0001057706-26-000007.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":21,"context":"o encourage the manipulation of reported earnings.  In the risk-avoidance assessment, the Compensation Committee concluded that the Corporations compensation plans are not reasonably likely to have a material adverse effect on the Corporation. The Compensation Committee and management believe that, in order to give rise to a material adverse effect on the Corporation, a compensation plan must provide benefits of suffici","filed_date":"2025-04-08","accession":"0001140361-25-012813","full_text":"https://origin.rootz.global/static/filing/0001140361-25-012813.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"strategic_event","strength":100,"match_count":12,"context":"nt (the Proxy Statement):  | | | | | 1 | To elect the nine (9) directors named in the accompanying Proxy Statement; | | | 2 | To approve on a non-binding basis the 2024 compensation of First BanCorps named executive officers (the NEOs); and | | | 3 | To ratify the appointment of Crowe LLP as our independent registered public accounting firm for our 2025 fiscal year. | | | | | | In addition, we will consider and take act","filed_date":"2025-04-08","accession":"0001140361-25-012813","full_text":"https://origin.rootz.global/static/filing/0001140361-25-012813.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":87,"context":"rvision of FirstBank Insurance Agency. Future legislation may increase the regulation and oversight of the  Corporation and the Bank. Any change in applicable laws or regulations, however, may have a material adverse effect on the business  of commercial banks and bank holding companies, including the Bank and the Corporation. The Corporation is also subject to the disclosure and regulatory requirements of the Securitie","filed_date":"2025-02-28","accession":"0001057706-25-000002","full_text":"https://origin.rootz.global/static/filing/0001057706-25-000002.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":22,"context":"to encourage the manipulation of reported earnings. In the risk-avoidance assessment, the Compensation Committee concluded that the Corporations compensation plans are not reasonably likely to have a material adverse effect on the Corporation. The Compensation Committee and management believe that, in order to give rise to a material adverse effect on the Corporation, a compensation plan must provide benefits of suffici","filed_date":"2024-04-08","accession":"0001140361-24-018674","full_text":"https://origin.rootz.global/static/filing/0001140361-24-018674.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"strategic_event","strength":100,"match_count":12,"context":"y statement (the Proxy Statement): | 1 | To elect the nine (9) directors named in the accompanying Proxy Statement; | | | 2 | To approve on a non-binding basis the 2023 compensation of First BanCorps named executive officers (the NEOs); | | | 3 | To ratify the appointment of Crowe LLP as our independent registered public accounting firm for our 2024 fiscal year; and | | | 4 | To vote on a non-binding basis on the freque","filed_date":"2024-04-08","accession":"0001140361-24-018674","full_text":"https://origin.rootz.global/static/filing/0001140361-24-018674.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":13,"context":"of strategic growth opportunities, including  risks, uncertainties, and other factors or events related to any business acquisitions or dispositions;  uncertainty as to the implementation of the debt restructuring plan of Puerto Rico (Plan of Adjustment or PoA) and the  fiscal plan for Puerto Rico as certified on April 3, 2023 (the 2023 Fiscal Plan) by the oversight board established by the  Puerto Rico Oversight,","filed_date":"2024-02-28","accession":"0001057706-24-000004","full_text":"https://origin.rootz.global/static/filing/0001057706-24-000004.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":90,"context":"rvision of FirstBank Insurance Agency. Future legislation may increase the regulation and oversight of the  Corporation and the Bank. Any change in applicable laws or regulations, however, may have a material adverse effect on the business  of commercial banks and bank holding companies, including the Bank and the Corporation. The Corporation is also subject to the disclosure and regulatory requirements of the Securitie","filed_date":"2024-02-28","accession":"0001057706-24-000004","full_text":"https://origin.rootz.global/static/filing/0001057706-24-000004.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":19,"context":"l banking  agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions  by regulators that, if undertaken, could have a direct material adverse effect on the Corporations financial statements and activities.  Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation must meet specific  capital guid","filed_date":"2023-11-08","accession":"0001057706-23-000008","full_text":"https://origin.rootz.global/static/filing/0001057706-23-000008.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":19,"context":"l banking  agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions  by regulators that, if undertaken, could have a direct material adverse effect on the Corporations financial statements and activities.  Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation must meet specific  capital guid","filed_date":"2023-08-08","accession":"0001057706-23-000006","full_text":"https://origin.rootz.global/static/filing/0001057706-23-000006.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":21,"context":"l banking  agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions  by regulators that, if undertaken, could have a direct material adverse effect on the Corporations financial statements and activities.  Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation must meet specific  capital guid","filed_date":"2023-05-10","accession":"0001057706-23-000004","full_text":"https://origin.rootz.global/static/filing/0001057706-23-000004.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":21,"context":"he risk-avoidance assessment, the Compensation Committee, management and the independent compensation consultant concluded that the Corporations compensation plans are not reasonably likely to have a material adverse effect on the Corporation. Management, the Compensation Committee and the independent compensation consultant believe that, in order to give rise to a material adverse effect on the Corporation, a compensat","filed_date":"2023-04-05","accession":"0001140361-23-016586","full_text":"https://origin.rootz.global/static/filing/0001140361-23-016586.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":22,"context":"of strategic growth opportunities, including  risks, uncertainties and other factors or events related to any business acquisitions or dispositions;  uncertainty as to the implementation of the debt restructuring plan of Puerto Rico (Plan of Adjustment or PoA) and the  fiscal plan for Puerto Rico as certified on January 27, 2022 (the 2022 Fiscal Plan) by the oversight board established by the  Puerto Rico Oversigh","filed_date":"2023-02-28","accession":"0001057706-23-000002","full_text":"https://origin.rootz.global/static/filing/0001057706-23-000002.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":45,"context":"tive and regulatory actions are taken. Future legislation may increase the regulation and oversight of the  Corporation and the Bank. Any change in applicable laws or regulations, however, may have a material adverse effect on the business  of commercial banks and bank holding companies, including the Bank and the Corporation.  Bank Holding Company Activities and Other Limitations  The Corporation is registered under th","filed_date":"2023-02-28","accession":"0001057706-23-000002","full_text":"https://origin.rootz.global/static/filing/0001057706-23-000002.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":15,"context":"ation of strategic growth  opportunities, including risks, uncertainties and other factors or events to any business acquisitions or dispositions; 4 uncertainty as to the ultimate outcome of the debt restructuring plan of Puerto Rico (Plan of Adjustment or PoA) and 2022  Fiscal Plan for Puerto Rico as certified by the Financial Oversight and Management Board for Puerto Rico (the 2022 Fiscal  Plan), or any revisions","filed_date":"2022-11-08","accession":"0001057706-22-000014","full_text":"https://origin.rootz.global/static/filing/0001057706-22-000014.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":18,"context":"pected factors or events, including those that are outside of our control, and any future business acquisitions or dispositions; 3 uncertainty as to the ultimate outcome of the recently approved debt restructuring plan of Puerto Rico (Plan of Adjustment or PoA) and 2022 Fiscal Plan for Puerto Rico as certified by the Financial Oversight and Management Board for Puerto Rico (the 2022 Fiscal Plan), or any revisions t","filed_date":"2022-08-09","accession":"0001057706-22-000010","full_text":"https://origin.rootz.global/static/filing/0001057706-22-000010.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":14,"context":"did not include any significant Special Items. The financial results for the second quarter of 2021 included the significant Special Items discussed below.  Quarter ended June 30, 2021  - Merger and restructuring costs of $11.0 million ($6.9 million after-tax) in connection with the Banco Santander Puerto Rico (BSPR) acquisition integration process and related restructuring initiatives. Merger and restructuring cos","filed_date":"2022-07-22","accession":"0001157523-22-000886","full_text":"https://origin.rootz.global/static/filing/0001157523-22-000886.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":15,"context":"xpected factors or events, including those that are outside of our control, and any futures business acquisitions or dispositions; uncertainty as to the ultimate outcome of the recently approved debt restructuring plan of Puerto Rico (Plan of Adjustment or PoA) and 2022 Fiscal Plan for Puerto Rico as certified by the Financial Oversight and Management Board for Puerto Rico (2022 Fiscal Plan), or any revisions to it","filed_date":"2022-05-09","accession":"0001057706-22-000007","full_text":"https://origin.rootz.global/static/filing/0001057706-22-000007.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":23,"context":"alitative reserves. The provision for credit losses for the fourth quarter of 2021 was a net benefit of $12.2 million ($7.6 million after-tax, or an increase of $0.06 per diluted share). - Merger and restructuring costs of $1.9 million for the fourth quarter of 2021 ($1.2 million after-tax, or a decrease of $0.01 per diluted share) associated with the acquisition of Banco Santander Puerto Rico (BSPR). - On a non-GAA","filed_date":"2022-04-28","accession":"0001157523-22-000496","full_text":"https://origin.rootz.global/static/filing/0001157523-22-000496.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":21,"context":"the risk-avoidance assessment, the Compensation Committee, management and the executive compensation consultant concluded that the Corporations compensation plans are not reasonably likely to have a material adverse effect on the Corporation. Management, the Compensation Committee and the executive compensation consultant believe that, in order to give rise to a material adverse effect on the Corporation, a compensatio","filed_date":"2022-04-05","accession":"0001140361-22-013080","full_text":"https://origin.rootz.global/static/filing/0001140361-22-013080.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":26,"context":"on the Corporations results of operations and financial condition of other business acquisitions, or dispositions;  uncertainty as to the ultimate outcomes of the recently approved Puerto Ricos debt restructuring plan (Plan of Adjustment  or PoA) and its 2022 fiscal plan, or any revisions to it, on our clients and loan portfolios, and any potential impact from  future economic or political developments in Puerto R","filed_date":"2022-03-01","accession":"0001057706-22-000005","full_text":"https://origin.rootz.global/static/filing/0001057706-22-000005.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":45,"context":"tive and regulatory actions are taken. Future legislation may increase the regulation and oversight of the  Corporation and the Bank. Any change in applicable laws or regulations, however, may have a material adverse effect on the business  of commercial banks and bank holding companies, including the Bank and the Corporation.  Bank Holding Company Activities and Other Limitations The Corporation is registered under, an","filed_date":"2022-03-01","accession":"0001057706-22-000005","full_text":"https://origin.rootz.global/static/filing/0001057706-22-000005.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":29,"context":"gage loan portfolio. The provision for credit losses for the third quarter of 2021 was a net benefit of $12.1 million ($7.6 million after-tax, or an increase of $0.04 per diluted share). - Merger and restructuring costs of $1.9 million for the fourth quarter of 2021 ($1.2 million after-tax, or a decrease of $0.01 per diluted share) associated with the acquisition of Banco Santander Puerto Rico (BSPR), compared to $2","filed_date":"2022-01-26","accession":"0001157523-22-000092","full_text":"https://origin.rootz.global/static/filing/0001157523-22-000092.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":31,"context":") | | | 3,018 | | | | Credit and debit card processing expenses | | 5,573 | | | 4,859 | | | 16,646 | | | 12,747 | | | | Communications | | 2,250 | | | 2,246 | | | 7,119 | | | 5,975 | | | | Merger and restructuring costs | | 2,268 | | | 10,441 | | | 24,582 | | | 14,188 | | | | Other non-interest expenses | | 9,164 | | | 6,067 | | | 27,363 | | | 16,668 | | | | | Total non-interest expenses | 114,036 | | 107,508 | | 37","filed_date":"2021-11-09","accession":"0001057706-21-000018","full_text":"https://origin.rootz.global/static/filing/0001057706-21-000018.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":29,"context":"s outstanding. The provision for credit losses for the second quarter of 2021 was a net benefit of $26.2 million ($16.3 million after-tax, or an increase of $0.08 per diluted share).** **- Merger and restructuring costs of $2.3 million for the third quarter of 2021 ($1.4 million after-tax, or a decrease of $0.01 per diluted share) associated with the acquisition of Banco Santander Puerto Rico (BSPR), compared to $11","filed_date":"2021-10-25","accession":"0001157523-21-001246","full_text":"https://origin.rootz.global/static/filing/0001157523-21-001246.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":32,"context":"59 | | | 1,999 | | | | Credit and debit card processing expenses | | 6,795 | | | 3,938 | | | 11,073 | | | 7,888 | | | | Communications | | 2,407 | | | 1,852 | | | 4,869 | | | 3,729 | | | | Merger and restructuring costs | | 11,047 | | | 2,902 | | | 22,314 | | | 3,747 | | | | Other non-interest expenses | | 8,745 | | | 5,080 | | | 18,199 | | | 10,601 | | | | | Total non-interest expenses | 130,172 | | 89,786 | | 263,","filed_date":"2021-08-09","accession":"0001057706-21-000016","full_text":"https://origin.rootz.global/static/filing/0001057706-21-000016.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":27,"context":"ans outstanding. The provision for credit losses for the first quarter of 2021 was a net benefit of $15.3 million ($9.5 million after-tax, or an increase of $0.04 per diluted share).** **- Merger and restructuring costs of $11.0 million ($6.9 million after-tax, or a decrease of $0.03 per diluted share) for the second quarter of 2021 associated with the acquisition of Banco Santander Puerto Rico (BSPR), compared to $","filed_date":"2021-07-23","accession":"0001157523-21-000909","full_text":"https://origin.rootz.global/static/filing/0001157523-21-000909.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":26,"context":"1,522 | | | Net loss on OREO and OREO expenses | | 1,898 | | | 1,188 | | | Credit and debit card processing expenses | | 4,278 | | | 3,950 | | | Communications | | 2,462 | | | 1,877 | | | Merger and restructuring costs | | 11,267 | | | 845 | | | Other non-interest expenses | | 9,454 | | | 5,521 | | | Total non-interest expenses | 133,301 | | 92,184 | | | | | | | | | | | Income (loss) before income taxes | | 89,172","filed_date":"2021-05-10","accession":"0001057706-21-000012","full_text":"https://origin.rootz.global/static/filing/0001057706-21-000012.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":27,"context":"uarter of 2020. The reserve release in the first quarter of 2021 was primarily due to positive changes in the outlook of macroeconomic assumptions to which the reserve is correlated.** **- Merger and restructuring costs of $11.3 million ($7.0 million after-tax, or a decrease of $0.03 per diluted share) for the first quarter of 2021 associated with the acquisition of Banco Santander Puerto Rico (BSPR), compared to $1","filed_date":"2021-04-26","accession":"0001157523-21-000508","full_text":"https://origin.rootz.global/static/filing/0001157523-21-000508.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":16,"context":"the risk-avoidance assessment, management, the Compensation Committee and the executive compensation consultant concluded that the Corporations compensation plans are not reasonably likely to have a material adverse effect on the Corporation. Management, the Compensation Committee and the executive compensation consultant believe that, in order to give rise to a material adverse effect on the Corporation, a compensatio","filed_date":"2021-04-07","accession":"0001140361-21-012022","full_text":"https://origin.rootz.global/static/filing/0001140361-21-012022.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"strategic_event","strength":100,"match_count":11,"context":"Proxy Statement):  | | 1. | | | To elect the nine (9) directors named in the accompanying Proxy Statement; | | | | | 2. | | | To approve on a non-binding basis the 2020 compensation of First BanCorps named executive officers (the NEOs); and | | | | | 3. | | | To ratify the appointment of Crowe LLP as our independent registered public accounting firm for our 2021 fiscal year. | | | In addition, we will consider and take","filed_date":"2021-04-07","accession":"0001140361-21-012022","full_text":"https://origin.rootz.global/static/filing/0001140361-21-012022.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":34,"context":"ing 2021.  The Corporation is also making progress in reducing personnel expense and service contract expenses and completing other business rationalization activities. The total amount of merger and restructuring costs related to the BSPR acquisition is estimated to be approximately $65 million. Cumulative merger and restructuring expenses of $37.9 million have been incurred through December 31, 2020, of which $26.","filed_date":"2021-03-01","accession":"0001057706-21-000006","full_text":"https://origin.rootz.global/static/filing/0001057706-21-000006.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":68,"context":"utational, legal and regulatory costs. 6 Risks Relating to the Business Environment and Our Industry  The currently evolving situation related to the coronavirus disease (COVID-19) pandemic has had a material adverse effect and may continue to have a materially adverse effect on the Corporations business, financial condition and results of operations. The Corporations credit quality and the value of our portfolio of Pue","filed_date":"2021-03-01","accession":"0001057706-21-000006","full_text":"https://origin.rootz.global/static/filing/0001057706-21-000006.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":26,"context":"Banco Santander Puerto Rico (BSPR), effective September 1, 2020, for an entire quarter. The net income for the fourth and third quarters of 2020 included the following items of note:** **- Merger and restructuring costs of $12.3 million ($7.7 million after-tax, or a decrease of $0.04 per diluted share) for the fourth quarter of 2020 associated with the acquisition of BSPR, compared to $10.4 million ($6.5 million aft","filed_date":"2021-01-29","accession":"0001157523-21-000109","full_text":"https://origin.rootz.global/static/filing/0001157523-21-000109.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":17,"context":"3,018 | | | 11,364 | | | Credit and debit card processing expenses | | 4,859 | | | 4,764 | | | 12,747 | | | 12,738 | | | Communications | | 2,246 | | | 1,834 | | | 5,975 | | | 5,300 | | | Merger and restructuring costs | | 10,441 | | | 592 | | | 14,188 | | | 592 | | | Other non-interest expenses | | 6,067 | | | 5,279 | | | 16,668 | | | 16,012 | | | Total non-interest expenses | 107,508 | | 92,833 | | 289,478 | | 27","filed_date":"2020-11-09","accession":"0001057706-20-000014","full_text":"https://origin.rootz.global/static/filing/0001057706-20-000014.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":34,"context":"ended to mitigate the contraction in economic activity and market concerns. There were no other events specific to the performance of the United States operations reporting unit that would have had a significant negative impact on the valuation of the reporting unit. Ultimately, the Corporation concluded that the COVID-19 event was not a triggering event that required the performance of a quantitative test. 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As of December 31, 2019, the Corporation has incurred in approximately $11.4 million in merger and restructuring costs in connection with the pending acquisition of BSPR, which are presented as Merger and Restructuring costs in the consolidated statement of income for the year ended December 31, 2019. Merger and rest","filed_date":"2020-03-02","accession":"0001057706-20-000005","full_text":"https://origin.rootz.global/static/filing/0001057706-20-000005.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":29,"context":"ough it is also possible that future legislation could reduce the regulatory compliance obligations of FirstBank and the Corporation. Any change in applicable laws or regulations, however, may have a material adverse effect on the business of commercial banks and bank holding companies, including FirstBank and the Corporation.  Dodd-Frank Act The Dodd-Frank Act significantly changed the regulation of financial instituti","filed_date":"2020-03-02","accession":"0001057706-20-000005","full_text":"https://origin.rootz.global/static/filing/0001057706-20-000005.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"restructuring","strength":100,"match_count":24,"context":"on, or $0.21 per diluted share, for the third quarter of 2019. The results for the fourth and third quarters of 2019 included approximately $10.9 million and $0.6 million, respectively, of merger and restructuring costs associated with the pending acquisition of Banco Santander Puerto Rico and related restructuring initiatives. - On a non-GAAP basis, adjusted net income for the fourth quarter of 2019 decreased by $2","filed_date":"2020-01-28","accession":"0001157523-20-000113","full_text":"https://origin.rootz.global/static/filing/0001157523-20-000113.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"risk_factor","strength":100,"match_count":30,"context":"are authorized or required by Applicable Law to close.  Buyer Disclosure Schedule means the disclosure schedules delivered by Buyer to Seller concurrently with the execution of this Agreement.  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Any change in applicable laws or regulations, however, may have a material adverse effect on the business of commercial banks and bank holding companies, including FirstBank and the Corporation.  **Dodd-Frank Act** The Dodd-Frank Act significantly changed the regulation of financial insti","filed_date":"2019-03-01","accession":"0001057706-19-000003","full_text":"https://origin.rootz.global/static/filing/0001057706-19-000003.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"strategic_event","strength":100,"match_count":13,"context":"r-investment portfolio was comprised of commercial and construction loans (42%), residential real estate loans (36%), and consumer and finance leases (22%). Of the total gross loan portfolio held for investment of $8.9 billion as of December 31, 2018, approximately 74% had credit risk concentration in Puerto Rico, 21% in the United States (mainly in the state of Florida) and 5% in the Virgin Islands, as shown in the follow","filed_date":"2019-03-01","accession":"0001057706-19-000003","full_text":"https://origin.rootz.global/static/filing/0001057706-19-000003.html","verify":"Read the filing at the full_text URL and search for the context string to verify this signal."},{"ticker":"FBP","company":"FIRST BANCORP /PR/","exchange":"NYSE","sector":"State Commercial Banks","signal_type":"strategic_event","strength":100,"match_count":14,"context":"ere subject to the Transferability Restrictions that resulted in the forfeiture of 50% of the granted shares. | | **Restricted Stock Forfeitures** The Treasury recouped $231.9 million of its original investment of $400.0 million under TARP or approximately 58%. 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