PreferredStockChannel
First Bancorp | 8.35% Noncumulative Perpetual Monthly Income Preferred Stock, Series B (FBPRO)

This preferred is marked as having been called.
Prospectus excerpt:  First BanCorp. is offering to the public 2,620,000 shares of its 8.35% Noncumulative Perpetual Monthly Income Preferred Stock, Series B. The Series B Preferred Stock has the following characteristics: Annual dividends of $2.0875 per share, payable monthly, if declared by the board of directors. Missed dividends never have to be paid. Redeemable at First BanCorp's option beginning on October 31, 2005. No mandatory redemption or stated maturity.

Full Prospectus PDF », FBP Page »

Series:B
Redeemable?:Yes
Call Date:10/31/2005 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:2,620,000
Overallotment:380,000
Liquidation Preference:$25
Original Coupon:8.35%
Pay Period:Monthly
CDx3 Compliance Rating: Learn FBPRO's Rating
First BanCorp is a financial holding company that provides financial services for retail, commercial and institutional clients. Co.'s segments are: Commercial and Corporate Banking, which provides commercial loans; Mortgage Banking, which provides residential mortgage loans; Consumer (Retail) Banking, which provides consumer lending and deposit-taking activities; Treasury and Investments, which provides treasury and investment management; U.S. Operations, which consists of banking activities in the the U.S. mainland; and Virgin Islands Operations, which consists of banking activities in the U.S. Virgin Islands and the British Virgin Islands regions.

Preferreds: FBPRL, FBPRN, FBPRO


Open the FBP Information Page »
Name: 
First Bancorp
Website: 
www.firstbankpr.com
Sector: 
Banking & Savings
Number of ETFs Holding FBP: 
56 (see which ones)
Total Market Value Held by ETFs: 
$546,461,098.88
Total Market Capitalization: 
$2,834,000,000
% of Market Cap. Held by ETFs: 
19.28%

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