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First Bancorp Puerto Rico ( (FBP) ) has shared an announcement.
On January 31, 2025, First BanCorp announced a strategic reorganization as part of its corporate succession plan, focusing on improving operational efficiency and enhancing customer experience. Key changes include the retirement of Cassan Pancham and Carlos Power from executive positions and the promotion of Nayda Rivera to Chief Consumer Officer and Corporate Chief of Staff. The reorganization aims to align the company’s resources for future growth, reflecting the company’s commitment to strategic goals and responsible growth. This shift in leadership roles is expected to strengthen the company’s position in the market and support its long-term success.
More about First Bancorp Puerto Rico
First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands, and Florida, as well as FirstBank Insurance Agency, LLC. FirstBank Puerto Rico also includes subsidiaries such as First Federal Finance Limited Liability Company, a small loans company, and its common stock is traded on the New York Stock Exchange under the symbol ‘FBP.’
YTD Price Performance: 14.00%
Average Trading Volume: 1,049,372
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.43B
For detailed information about FBP stock, go to TipRanks’ Stock Analysis page.
