XML 11 R1.htm IDEA: XBRL DOCUMENT v3.23.3
Document and Entity Information - USD ($)
12 Months Ended
Dec. 31, 2022
Feb. 21, 2023
Jun. 30, 2022
Cover [Abstract]      
Entity Registrant Name FIRST BANCORP.    
Entity Central Index Key 0001057706    
Current Fiscal Year End Date --12-31    
Entity Filer Category Large Accelerated Filer    
Document Type 10-K/A    
Document Period End Date Dec. 31, 2022    
Document Fiscal Year Focus 2022    
Document Fiscal Period Focus FY    
Entity Common Stock Shares Outstanding   180,585,944  
Entity Emerging Growth Company false    
Entity Small Business false    
Trading Symbol FBP    
Entity Current Reporting Status Yes    
Entity Shell Company false    
Document Transition Report false    
Entity File Number 001-14793    
Entity Tax Identification Number 66-0561882    
Entity Address Address Line 1 1519 Ponce de León Avenue, Stop 23    
Entity Address City Or Town San Juan    
Entity Address Country PR    
Entity Address Postal Zip Code 00908    
City Area Code 787    
Local Phone Number 729-8200    
Security 12b Title Common Stock ($0.10 par value)    
Security Exchange Name NYSE    
Entity Interactive Data Current Yes    
Entity Incorporation State Country Code PR    
Entity Well Known Seasoned Issuer Yes    
Entity Public Float     $ 2,373,329,883
Entity Voluntary Filers No    
Document Annual Report true    
Documents Incorporated By Reference TextBlock
Portions of the definitive proxy statement relating to
 
the registrant’s annual meeting of stockholders
 
scheduled to be held on May 18, 2023 are
incorporated by reference in response to Items 10, 11,
 
12, 13 and 14 of Part III of this Form 10-K.
   
Icfr Auditor Attestation Flag true    
Auditor Name Crowe LLP    
Auditor Firm Id 173    
Auditor Location Fort Lauderdale, Florida    
Amendment Flag true    
Amendment Description Explanatory Note First BanCorp. (the “Corporation”) is filing this Amendment No. 1 on Form 10-K/A (this “Amendment”) solely to correct clerical errors in the EDGARized version of the report titled “Report of the Independent Registered Public Accounting Firm” (the “Audit Report”) provided by Crowe LLP (“Crowe”) in the Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as filed on February 28, 2023 (the “Original Annual Report”). The Audit Report in this Amendment is revised as follows: the addressee is changed from stockholders to shareholders, the subtitle of the section titled “Critical Audit Matter” is changed from “Allowance for Credit Losses – Model and Macroeconomic Variables” to “Allowance for Credit Losses – Economic Forecasts and Macroeconomic Variables”, and the description of the critical audit matter assessment performed is updated to remove the reference to the model design and construction related to ACL. These revisions were inadvertently omitted in the EDGARized Audit Report included in the Original Annual Report and do not impact the opinion rendered on the financial statements as of December 31, 2022. Pursuant to Rule 12b-15 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), this Amendment includes: Item 8 of Part II, “Financial Statements and Supplementary Data” in its entirety and without change from the Original Annual Report other than the corrections of the clerical errors in the Audit Report discussed above; and Item 15 of Part IV, including new certifications by our principal executive officer and principal financial officer. This Amendment does not change any previously reported financial results or otherwise amend the Original Annual Report as previously filed, except as discussed above. Furthermore, this Amendment does not update or otherwise amend the Original Annual Report as originally filed for changes in events, estimates or other developments subsequent to the date of the filing of the Original Annual Report on February 28, 2023. This Amendment should be read in conjunction with the Original Annual Report and our other filings with the Securities and Exchange Commission.