XML 210 R200.htm IDEA: XBRL DOCUMENT v3.23.3
FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Cash Flows (Detail) - USD ($)
$ in Thousands, shares in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 305,072 $ 281,025 $ 102,273
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 5,407 5,460 5,117
Gain on early extinguishment of debt 0 0 (94)
Net decrease (increase) in other assets (2,437) 24,344 (5,018)
Net increase (decrease) in other liabilities 20,437 (12,506) 9,116
Net cash provided by operating activities 440,485 399,721 297,738
Cash flows from investing activities:      
Net cash provided by investing activities (681,460) (1,262,975) (1,238,865)
Cash flows from financing activities:      
Repurchase of common stock (277,769) (216,522) (206)
Dividends paid on common stock (87,824) (65,021) (43,416)
Dividends paid on preferred stock 0 (2,453) (2,676)
Redemption of preferred stock - Series A through E 0 (36,104) 0
Net cash used in financing activities (1,821,578) 1,912,479 1,790,861
Net (decrease) increase in cash and cash equivalents (2,062,553) 1,049,225 849,734
Cash and cash equivalents at beginning of year 2,543,058 1,493,833 644,099
Cash and cash equivalents at end of year 480,505 2,543,058 1,493,833
Cash and cash equivalents include:      
Money market instruments 2,025 2,682 60,572
Holding Company [Member]      
Cash flows from operating activities:      
Net income 305,072 281,025 102,273
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 148 149 231
Equity in undistributed earnings of subsidiaries 50,494 (162,678) (59,843)
Gain on early extinguishment of debt 0 0 (94)
Net decrease (increase) in other assets (688) 1,657 (1,514)
Net increase (decrease) in other liabilities 1,545 3,578 (459)
Net cash provided by operating activities 356,571 123,731 40,594
Cash flows from investing activities:      
Purchase of equity securities (450) 0 0
Return of capital from wholly-owned subsidiaries 8,000 200,000 0
Net cash provided by investing activities 7,550 200,000 0
Cash flows from financing activities:      
Repurchase of common stock (277,769) (216,522) (206)
Repayment of junior subordinated debentures 0 0 (282)
Dividends paid on common stock (87,824) (65,021) (43,416)
Dividends paid on preferred stock 0 (2,453) (2,676)
Redemption of preferred stock - Series A through E 0 (36,104) 0
Net cash used in financing activities (365,593) (320,100) (46,580)
Net (decrease) increase in cash and cash equivalents (1,472) 3,631 (5,986)
Cash and cash equivalents at beginning of year 20,751 17,120 23,106
Cash and cash equivalents at end of year 19,279 20,751 17,120
Cash and cash equivalents include:      
Cash and due from banks 19,279 20,751 10,909
Money market instruments 0 0 $ 6,211
Subsidiaries [Member]      
Cash flows from financing activities:      
Redemption of preferred stock - Series A through E $ (8,000) $ (200,000)  
Cash and cash equivalents include:      
Number Of Redeemed Preferred Stock 0.3 8.0