Safest Banks in Puerto Rico 2026
Puerto Rico has 4 FDIC-insured banks with an average Bank Health Score of 88/100 (A). The safest bank is Firstbank Puerto Rico with a score of 93/100.
Data from FDIC Q2 2024
4 Puerto Rico banks are ranked below by the BankHealth composite score. The composite weights Tier 1 capital ratio (35%), inverted non-performing loan ratio (30%), liquidity ratio (25%), and return on assets (10%) into a 0-100 grade.
Top-of-list banks combine strong capital with clean loan books and reasonable profitability. Bottom-of-list banks face pressure on one or more scoring factors — most often elevated NPL ratios or thin profitability margins. Each bank links to its full profile with multi-quarter trend charts, the four composite factor breakdowns, and the underlying FDIC Call Report data.
Puerto Rico's 4 FDIC-insured banks hold a combined $88.5B in assets. Their average Bank Health Score of 88/100 sits 18.0 points above the national average of 70/100. Across the state, 100% of banks earn an A or B grade for financial health, while 0% fall to a D or F.
The largest bank headquartered in Puerto Rico is Banco Popular de Puerto Rico with $58.3B in assets and a Bank Health Score of 84/100. The strongest by score is Firstbank Puerto Rico in Santurce (93/100, Tier 1 capital 15.97%). The weakest is Banco Popular de Puerto Rico at 84/100, dragged down by an NPL ratio of 2.10%.
All scores below come from the latest FDIC BankFind Call Report (Q2 2024). The Bank Health Score weights Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%) — the four metrics regulators watch most closely when judging whether a bank is well-capitalized. Every bank with FDIC insurance covers up to $250,000 per depositor per ownership category, but the score helps you tell apart banks that are comfortably well-capitalized from those operating closer to the line.
Top 3 Safest Banks in Puerto Rico
Firstbank Puerto Rico
Santurce, PR
Puerto Rico's top-rated bank, with a Tier 1 capital ratio of 15.97% — well above the federal "well-capitalized" threshold of 8%. Holds $18.9B in assets.
Nave Bank
San Juan, PR
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.00% with $187M in total assets.
Oriental Bank
San Juan, PR
Third in the rankings on the Bank Health Score. Liquidity ratio of 27.57% and ROA of 2.39%.
Top 4 Banks in Puerto Rico
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Firstbank Puerto Rico | Santurce | A | 93 | 15.97% | 1.16% |
| 2 | Nave Bank | San Juan | A | 90 | 234.18% | 0.00% |
| 3 | Oriental Bank | San Juan | A | 84 | 13.39% | 1.48% |
| 4 | Banco Popular de Puerto Rico | San Juan | A | 84 | 16.37% | 2.10% |
Bank Health Scores for Puerto Rico are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, Firstbank Puerto Rico in Santurce is currently the safest bank in Puerto Rico with a score of 93/100 (Grade A). It posts a Tier 1 capital ratio of 15.97% and a nonperforming loan ratio of 1.16%.
Puerto Rico has 4 FDIC-insured banks with a combined $88.5B in total assets. The average Bank Health Score across the state is 88/100 (Grade A).
Puerto Rico's average Bank Health Score of 88/100 is 18.0 points above the national average of 70/100. 100% of banks in Puerto Rico earn an A or B grade, compared with the national average grade of B.
Of 4 FDIC-insured banks headquartered in Puerto Rico, 4 earn an A, 0 a B, 0 a C, 0 a D, and 0 an F. The most common grade is A.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health. Every score uses the latest FDIC Call Report data.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).