First BanCorp named top-performing US bank in its asset class
First BanCorp, the parent company of FirstBank Puerto Rico, has been named the top-performing bank in the United States among publicly traded institutions with assets between $10 billion and $50 billion.
The ranking, published by American Banker and Capital Performance Group, cited First BanCorp’s financial strength, operational efficiency and sustained growth over a three-year period.
“This recognition validates the financial strength and capabilities of our institution to maintain a resilient, disciplined business model focused on sustainable results,” said Aurelio Alemán, CEO of First BanCorp.
The ranking evaluates banks based on performance indicators such as return on average equity, revenue growth and loan origination expansion. According to the company, these metrics placed First BanCorp ahead of its peers and at the top of all institutions in its asset category across the United States and Puerto Rico.
“In an environment marked by interest rate volatility, inflationary pressures and greater regulatory demands, the institution has demonstrated disciplined execution, and a vision focused on consistent results,” the company stated.
“I’m proud of our leaders and employees, whose commitment and talent have been key to achieving this recognition. I’m also grateful to our customers for the trust they place in us,” Alemán added.
First BanCorp operates in Puerto Rico, the mainland United States and the U.S. and British Virgin Islands. Its common stock is traded on the New York Stock Exchange under the symbol FBP.
