FIRST BANCORP PR
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income
(LOSS)
$
302,864
$
305,072
$
281,025
Other comprehensive income (loss), net of tax:
Available-for-sale debt securities:
Net unrealized holding gains (losses) on debt securities
(1)
165,420
(718,582)
(143,115)
Defined benefit plans adjustments:
Net actuarial gain (loss)
(2,199)
3,660
Reclassification adjustment for amortization of net actuarial loss
Other comprehensive income (loss) for the year, net of tax
165,608
Total comprehensive income (loss)
$
468,472
$
(415,707)
$
141,571
Income tax effect of items included in other comprehensive income (loss):
Defined benefit plans adjustments:
Net actuarial gain (loss)
$
(107)
$
1,319
$
(2,199)
Reclassification adjustment for amortization of net actuarial loss
(6)
(1)
Total income tax effect of items included in other comprehensive income (loss)
$
(113)
$
1,318
$
(2,199)
(1) Net unrealized gains (losses) on available-for-sale
debt securities have no tax effect because securities
are either tax-exempt, held by an International
Banking Entity ("IBE")
unit or subsidiary, or have a full deferred tax asset valuation allowance.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.