Calixto GarciaVelez - First BanCorp President
President
Mr. Calixto GarciaVelez is Executive Vice President of First Bancorp, and Florida Regional Executive of First Bank., a subsidary of First Bancorp., since March 2009. Before that, President and CEO of Doral Bank, EVP and President of the Consumer Banking Division of Doral Financial Corporationrationin Puerto Rico and a member of Doral Banks Board of Directors from September 2006 to November 2008. President of West Division of Citibank, N.A., responsible for the Banks businesses in California and Nevada from 2005 to August 2006. From 2003 to 2006, Business Manager for Citibanks South Division where he was responsible for Florida, Texas, Washington, D.C., Virginia, Maryland and Puerto Rico. President of Citibank, Florida and board member of Citibank F.S.B. and Citibank West, F.S.B. from 1999 to 2003. since 2009.
Age | 46 |
Tenure | 15 years |
Phone | 787-729-8200 |
Web | http://www.1firstbank.com |
First BanCorp Management Efficiency
The company has return on total asset (ROA) of 0.64 % which means that it generated a profit of $0.64 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 4.13 %, meaning that it generated $4.13 on every $100 dollars invested by stockholders. First BanCorp's management efficiency ratios could be used to measure how well First BanCorp manages its routine affairs as well as how well it operates its assets and liabilities.The company has accumulated 1.1 B in total debt. Debt can assist First BanCorp until it has trouble settling it off, either with new capital or with free cash flow. So, First BanCorp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First BanCorp PFD sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First BanCorp's use of debt, we should always consider it together with cash and equity.
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Management Performance
Return On Equity | 4.13 | |||
Return On Asset | 0.64 |
First BanCorp PFD Leadership Team
Elected by the shareholders, the First BanCorp's board of directors comprises two types of representatives: First BanCorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First BanCorp's management team and ensure that shareholders' interests are well served. First BanCorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First BanCorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ginoris Vizcarra, Executive Vice President Retail and Banking Director | ||
Michael McDonald, Executive Vice President Business Group Executive | ||
Jose MenendezCortada, Independent Director | ||
Joshua Bresler, Independent Director | ||
Robert Gormley, Independent Director | ||
Donald Kafka, COO of the Company and the Bank | ||
Nayda RiveraBatista, Executive Vice President Chief Risk Officer | ||
Thomas McDonald, Executive Vice President Business Group Executive | ||
Tracey Dedrick, Independent Director | ||
Peck ODell, Executive Vice President General Counsel, Secretary | ||
Roberto Herencia, Independent Chairman of the Board | ||
Aurelio AlemanBermudez, President CEO, Director | ||
John Heffern, Director | ||
Daniel Frye, Director | ||
Thomas Hagerty, Independent Director | ||
Cassan Pancham, Executive Vice President Business Group Executive of FirstBank | ||
Juan Reboyras, Independent Director | ||
David Matson, Independent Director | ||
Calixto GarciaVelez, Executive Vice President ; Florida Regional Executive and Special Assets Group Director | ||
Emilio MartinoValdes, Executive Vice President and Chief Lending Officer of FirstBank | ||
Carlos Pietrantoni, Executive Vice President Consumer Lending Business Executive | ||
Lawrence Odell, Executive Vice President General Counsel, Secretary | ||
Orlando BergesGonzalez, CFO, Executive Vice President | ||
Michael Harmon, Independent Director | ||
Luz Crespo, Director | ||
Ginoris LopezLay, Executive Vice President Retail and Banking Director |
First Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is First BanCorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First BanCorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First BanCorp's short interest history, or implied volatility extrapolated from First BanCorp options trading.
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Other Consideration for investing in First Pink Sheet
If you are still planning to invest in First BanCorp PFD check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the First BanCorp's history and understand the potential risks before investing.
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