Jose MenendezCortada - First BanCorp Independent Director
Director
Mr. Jose MenendezCortada is an Independent Director of First Bancorp., since April 2004. He served as Lead Independent Director from February 2006 to September 2009. Of Counsel to MartnezAlvarez, MenndezCortada LefrancRomero, a full service firm specializing in Commercial, Real Estate and Construction Law. Director and Vice President at MartnezAlvarez, MenndezCortada LefrancRomero, PSC in charge of the corporate and tax divisions until 2009 joined the firm in 1977. Tax Manager at PricewaterhouseCoopers, LLP until 1976. Counsel to the Board of Bermudez, Longo, DazMasso, LLC since 1985, director of Tasis Dorado School since 2002, director of the Homebuilders Association of Puerto Rico from 2002 to November 2011, trustee of the Luis A. Ferr Foundation, Inc. since 2002 and chairman of the audit committee of that foundation since 2009. since 2011.
| Age | 65 |
| Tenure | 13 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.
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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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