First Bancorp (NASDAQ:FBP) operates as a diversified financial services company, with a primary focus on providing banking products and services to individuals and businesses. It offers a wide range of financial solutions, including deposit products, mortgages, consumer loans, and credit cards, alongside commercial banking and corporate finance services. First Bancorp aims to expand its reach and enhance its service offerings through strategic initiatives and investments in technology to meet the evolving needs of its customers. With a commitment to fostering strong community relationships, the company also engages in various projects aimed at economic development and financial literacy.