FIRST BANCORP PR
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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.
FY2024 · Filed Feb 28, 2025
What changed in Risk Factors?
Read the current filingPrevious report: 10-K
Period ended 2023-12-31; filed 2024-02-28.
0001057706-24-000004
Item 1A. Risk FactorsCurrent report: 10-K
Period ended 2024-12-31; filed 2025-02-28.
0001057706-25-000002
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 5519 previous paragraphs and 5172 current paragraphs.
4445 unchanged; 14 reworded; 712 added; 1059 removed; 1 previous and 1 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (712)
Current report
originations, deposit attrition, overall results of operations, and liquidity
Showing the first 40 of 712 passages. Open the source sections for the rest.
Removed paragraphs (1059)
Previous report
overall results of operations, and its liquidity position.
Showing the first 40 of 1059 passages. Open the source sections for the rest.
Reworded paragraphs (14)
Previous wording
governmental and regulatory agencies, in particular,
Previous wording
because decreases in interest rates might prompt the early redemption of such securities.
Current wording
decreases in interest rates might prompt the early redemption of such securities.
Previous wording
liquidity constraints, and increased regulatory requirements and costs.
Current wording
constraints, and increased regulatory requirements and costs.
Previous wording
$189.0 million of the exposure consisted of loans and obligations
Current wording
$195.8 million of the exposure consisted of loans and obligations
Previous wording
available-for-sale debt securities portfolio (fair value of $1.4 million as of
Current wording
million as part of its available-for-sale debt securities portfolio (fair value
Previous wording
consisted of commercial mortgage and construction loans
Current wording
of commercial mortgage and construction loans, of which $2.0 billion
Previous wording
of which $1.8 billion was in the Puerto Rico region.
Previous wording
CDs outstanding, representing approximately 5% of
Current wording
CDs outstanding, representing approximately 3% of
Previous wording
our total deposits. Approximately $700.9 million, or 89%
Current wording
our total deposits. Approximately $226.1 million, or 47%
Previous wording
able to reverse the remaining valuation allowance or may need to increase
Current wording
remaining valuation allowance or may need to increase its current deferred
Previous wording
its current deferred tax asset valuation allowance.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
financial condition and results of operations.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
ability to make dividend payments to us without prior