Fbn holdings news
FBNC (First BanCorp) is a financial holding company that operates as a bank holding company for FirstBank Puerto Rico, a commercial bank. Here are some recent news articles and updates about FBNC:
Recent News Articles:
- First BanCorp Reports Strong Earnings (February 2023): FBNC reported net income of $23.4 million for the fourth quarter of 2022, a 14% increase from the same period in 2021.
- FirstBank Puerto Rico Expands Digital Banking Services (January 2023): FirstBank Puerto Rico launched a new digital banking platform, offering customers a more streamlined and user-friendly online banking experience.
- FBNC Appoints New Chief Risk Officer (December 2022): FBNC announced the appointment of a new Chief Risk Officer, effective January 1, 2023.
- First BanCorp Completes Acquisition of Banco Santander Puerto Rico (November 2022): FBNC completed its acquisition of Banco Santander Puerto Rico, expanding its presence in the Puerto Rican market.
Recent Updates:
- Stock Performance: FBNC's stock (FBNC) has been trading relatively flat over the past year, with a slight increase of around 2%.
- Financial Performance: FBNC reported a net income of $94.1 million for the full year 2022, a 10% increase from 2021.
- Regulatory Developments: FBNC is subject to regulatory oversight by the Federal Reserve and the Office of the Comptroller of the Currency (OCC). The company has been working to address regulatory concerns and improve its risk management practices.
- Strategic Initiatives: FBNC has been focused on expanding its digital banking capabilities, improving its risk management practices, and enhancing its customer service offerings.
Please note that the information provided is subject to change and may not be up-to-date. It's always a good idea to check the company's official website or financial news sources for the latest information on FBNC.