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FIRST BNCRP P R   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Interest Income:Loans719.15631.05603.00553.65532.68531.02548.57571.69590.33590.66
Interest income:Short-term investments------------2.151.89--1.83
Dividends on FHLB stock--------------------
Interest income:Investment securities72.8958.5559.5560.2251.1350.9154.8560.3753.5345.29
Money market investments2.663.3913.3511.104.613.37----1.93--
Total Interest Income794.71692.98675.90624.97588.42585.29605.57633.95645.79637.78
Interest Expense:Deposits41.4868.3977.7867.6566.5467.3069.2578.1391.79128.26
Short-term borrowings--------------------
Interest expense:Notes payable and other borrowings5.146.369.428.988.287.717.457.207.097.24
Interest expense:Advances from FHLB8.2011.2514.9613.5511.145.964.173.566.0312.14
Loans payable--0.02----------------
Interest expense:Federal funds purchased and repurchase agreements9.966.656.659.4010.9120.2022.4326.9925.9328.43
Total Interest Expense64.7892.66108.8299.5896.87101.17103.30115.88130.84176.07
Net Interest Income729.93600.32567.08525.38491.55484.12502.27518.07514.95461.71
Provision for loan losses(65.70)170.9939.8158.99144.2586.73172.05109.53243.75120.50
Net interest income after provision for loan losses795.63429.34527.27466.39347.30397.39330.22408.54271.19341.21
Other service charges on loans--------------------
Service charges on deposit accounts35.2824.6123.9221.6822.3122.9720.3316.7116.9718.37
Net gain on sale of investments--13.20(0.50)(0.08)0.376.100.000.26(0.04)0.04
Derivatives gain (loss)--------------------
Total other-than-temporary impairment losses--------(12.23)(1.85)(35.81)------
Net impairment losses on investment securities--------(12.23)(6.69)(16.52)(0.39)(0.12)(2.00)
Less-Portion of loss previously recognized in other comprehensive income----------(4.84)19.29(0.39)(0.12)(2.00)
Gain from recovery of investments previously written off----------1.55--------
Net loss on partial extinguishment of secured commercial loan to local financial institution------------------0.00
Equity in losses of unconsolidated entities--------------(7.28)(16.69)(19.26)
Mortgage banking activities25.0022.1217.0617.2313.4920.4417.2214.6916.8319.96
Trading income (loss)--------------------
Other Operating Income------32.74--30.9032.7930.4928.1826.73
Financial Services:Other non-interest income48.9441.8339.91--28.85----------
Gain on sale of credit cards portfolio--------------------
Rental income--------------------
Insurance reimbursements and other agreements related to a contingency settlement--------------------
Gain on early extinguishment of debt--0.09--2.321.394.220.00------
Bargain purchase gain------------13.44------
Insurance income11.959.3610.198.438.208.477.066.875.965.55
Impairment of collateral pledged to Lehman----------------(66.57)--
Gain on sale of merchant contracts------------7.00------
Total Non Interest Income121.16111.2390.5882.3162.3987.9581.3361.35(15.49)49.39
Employees’ compensation and benefits200.46177.07162.37159.49151.85151.49150.06135.42130.82125.33
Business promotion15.3612.1515.7114.8112.4911.4215.2316.5315.9814.09
Occupancy and equipment93.2574.6363.1757.9456.6655.1659.3058.2960.7560.93
Insurance and supervisory fees------------29.0239.1348.4752.60
Deposit insurance premium6.546.496.328.9113.7320.06--------
Amortization of debt issuance costs--------------------
Net loss on real estate owned (REO)operations(2.16)3.6014.6414.4511.0011.5315.7920.6042.5125.12
Merger and restructuring costs26.4426.5111.44--------------
Other35.4225.8220.2322.3422.1525.7522.2319.0428.6521.92
Communications9.398.446.896.376.156.767.737.777.407.09
Professional fees59.9652.6345.8943.5045.9344.1455.6347.9449.4428.34
Taxes, other than income taxes22.1517.7615.3314.7114.5515.1412.6718.0918.1113.47
Other: Professional servicing and processing fees--------------------
Other: Communications--------------------
Other: Revenue earning equipment--------------------
Other: Supplies and printing--------------------
Other: Other--------------------
Advertising and business promotion--------------------
Provision for contingencies--------------------
Depreciation and expenses on revenue-earning equipment--------------------
Other:Core deposit intangible impairment--------------------
Servicing and processing fees--------------------
Credit and debit card processing expenses22.1719.1416.4715.5513.2113.6416.1815.4512.916.01
Total Non-Interest expense488.97424.24378.47358.07347.70355.08383.83378.25415.03354.88
Income before income tax provision427.82116.32239.37190.6461.98130.2627.7291.64(159.32)35.71
Current: Deferred----------------(2.78)0.58
Income tax provision146.7914.0572.00(10.97)(4.97)37.036.42(300.65)5.165.93
Current----------------7.955.36
Income before cumulative effect of accounting change--------------------
Cumulative effect of accounting change, net of tax--------------------
Net Income281.03102.27167.38201.6166.9693.2321.30392.29(164.49)29.78
Dividends to preferred stockholders2.452.682.682.682.680.22--------
Preferred stock discount accretion--------------------
Favorable impact from issuing common stock in exchange for SeriesA through E preferred stock, net of issuance costs--------------------
Non-cumulative preferred stock dividends (SeriesA through E)1.23------------(1.66)----
Cumulative non-convertible preferred stock dividends (SeriesF)--------------------
Cumulative convertible preferred stock dividend (SeriesG)--------------------
Favorable impact from issuing common stock in exchange for Series G mandatorily convertible preferred stock--------------------
Convertible preferred stock dividends and accretion--------------------
Net income available to common stockholders277.3499.60164.70198.9364.2893.0121.30393.95(164.49)29.78
Net income (loss) attributable to common stockholders - basic--------------------
Net income (loss) attributable to common stockholders - diluted--------------------
Income before cumulative effect of accounting change--------------------
Cumulative effect of accounting change--------------------
Earnings per common share- Basic1.320.460.760.920.300.440.101.89(0.80)0.15
Income before cumulative effect of accounting change--------------------
Cumulative effect of accounting change--------------------
Earnings per common share- Diluted1.310.460.760.920.300.430.101.87(0.80)0.14
Weighted average common shares outstanding: Basic210.12216.90216.61215.71213.96212.82211.46208.75205.54205.37
Weighted average common shares outstanding: Diluted211.30217.67217.13216.68216.12215.79212.97210.54205.54205.83