Document and Entity Information |
Sep. 01, 2020 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K/A |
| Amendment Flag | true |
| Amendment Description | On September 1, 2020, First BanCorp. (the “Corporation”), the bank holding company of FirstBank Puerto Rico (“FirstBank”), filed with the Securities and Exchange Commission (the “SEC”) a Current Report on Form 8-K (the “Initial 8-K”) to disclose the completion on September 1, 2020 of its previously announced acquisition of Santander BanCorp (“Santander Bancorp”) and its wholly-owned subsidiary Banco Santander Puerto Rico (“BSPR”) (the “Acquired Businesses”), pursuant to the Stock Purchase Agreement, dated as of October 21, 2019, by and among FirstBank, Santander Holdings USA, Inc. and, solely for purposes of Article IV, Section 5.03 and Article X therein, the Corporation (the “Purchase Agreement”). Pursuant to the terms of the Purchase Agreement, Santander Bancorp was merged with and into FirstBank (the “HoldCo Merger”), with FirstBank surviving the HoldCo Merger. Immediately following the effectiveness of the HoldCo Merger, BSPR was merged with and into FirstBank, with FirstBank as the surviving entity in the merger. On September 1, 2020, the Corporation filed a Current Report on Form 8-K/A to amend the Original 8-K (the “Form 8-K Amendment”). The Form 8-K amendment was filed to provide information related to the timing of the filing of the financial statements of the Acquired Businesses and the required pro forma financial information. This Form 8-K/A (amendment no. 2) amends the Initial 8-K to include the historical financial statements of Santander BanCorp and subsidiaries and the unaudited pro forma combined financial information required by Items 9.01(a) and 9.01(b) of Form 8-K, which were excluded from the Initial 8-K in reliance on the instructions to such items. |
| Document Period End Date | Sep. 01, 2020 |
| Entity Registrant Name | FIRST BANCORP /PR/ |
| Entity Incorporation, State or Country Code | PR |
| Entity File Number | 001-14793 |
| Entity Tax Identification Number | 66-0561882 |
| Entity Address, Address Line One | 1519 Ponce de Leon Ave. |
| Entity Address, Address Line Two | P.O. Box 9146 |
| Entity Address, City or Town | San Juan |
| Entity Address, Country | PR |
| Entity Address, Postal Zip Code | 00908-0146 |
| City Area Code | 787 |
| Local Phone Number | 729-8200 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0001057706 |
| Title of 12(b) Security | Common Stock ($0.10 par value) |
| Trading Symbol | FBP |
| Security Exchange Name | NYSE |