First Bancorp. - Company Profile
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First Bancorp. (FB) is a financial holding company. Improved asset quality, net interest margin, non-interest income and capital adequacy are a few of its key strengths, even as its business performance of Mortgage Banking segment could be an area for improvement. Risks related to online identity theft and hacking, regulatory requirements in the U.S., and the emergence of neobanks may affect the growth of the company. However, growing cards and payment channels in the US, the emergence of Fintech, and the short-term economic outlook may offer ample growth opportunities to FB.
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