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First BanCorp's Rising Dividend Hinges Entirely on Puerto Rico's Economy

Source: 247wallst.com

Banking & LiquidityCredit & Bond MarketsCapital Returns (Dividends / Buybacks)Company Fundamentals
First BanCorp's Rising Dividend Hinges Entirely on Puerto Rico's Economy

FirstBank has raised its dividend four times in five years, but nearly every loan on its books is tied to one Caribbean island economy. The article flags growing auto delinquencies and volatile government deposits as risks alongside that concentration.

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