Applications / Mortgage Analytics / Lenders / Puerto Rico / Firstbank
Santurce, PR · State non-member bank · FDIC · $19.1 billion assets · 2,283 loans in 2025
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2,283
loans originated, 2025
3,608
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Firstbank is a Puerto Rico lender, second only to Banco Popular de Puerto Rico in San Juan-Bayamón-Caguas with 15.1% of lending there in 2025.
It ranked 2 of 63 lenders in San Juan-Bayamón-Caguas, with 15.1% of lending against 15.4% a year earlier, and second in Aguadilla and Mayagüez, behind Banco Popular de Puerto Rico in each. Its share rose to 13.6% from 10.5% in Mayagüez and fell to 18.1% from 19.5% in Aguadilla; in markets this small ($131.8M and $162.6M of lending) shares can move a long way in a year.
Similar lenders are state non-member banks making between half and twice as many loans. 97.2% of its loans were in majority-minority areas against 9.8%, a figure its Puerto Rico base could explain. 21.6% were in LMI (low- and moderate-income) areas against 15.6%, higher than about four in five similar lenders.
FHA (insured by the Federal Housing Administration) loans were 27.3% of its lending against 3.4%, higher than nearly all similar lenders. RHS (guaranteed by the Department of Agriculture's Rural Housing Service) loans were 3.9% against 0.3%, and VA (guaranteed by the Department of Veterans Affairs) loans 4.3% against 0.9%.
Its typical rate of 5.88% was lower than at nearly all similar lenders, typically 6.75%. Only 0.2% of its loans were higher-priced (a rate well above the average for similar loans), against 1.6%, down from 10.9% five years before.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Firstbank took 3,608 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 86.6% · Refinance 8.0% · Other 3.1% · Home improvement 2.2%
Conventional 64.6% · FHA 27.3% · VA 4.3% · USDA (RHS or FSA) 3.9% · of 2,283 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Puerto Rico | 1,997 | 87.5% |
| Florida | 286 | 12.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| San Juan-Bayamón-Caguas | 1,573 |
| Aguadilla | 141 |
| Fort Lauderdale-Pompano Beach-Sunrise | 125 |
| Miami-Miami Beach-Kendall | 121 |
| Arecibo | 83 |
| Mayagüez | 83 |
| Ponce | 67 |
| West Palm Beach-Boca Raton-Delray Beach | 32 |
| Guayama | 23 |
| Cape Coral-Fort Myers | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300WWJ28EP3GZG107 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 510871 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 45266 | 1990–1993 |
| Respondent ID (the HMDA filer code before 2018) | 330387 | 1994–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9510871 | 2011–2017 |
Established 17 January 1949. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Firstbank's data.
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