This study investigates the response of marine boundary layer (MBL) cloud properties to aerosol loading by accounting for the contributions of large-scale dynamic and thermodynamic conditions and quantifies the first indirect effect (FIE). It makes use of 19-month measurements of aerosols, clouds, and meteorology acquired during the Atmospheric Radiation Measurement Mobile Facility field campaign over the Azores. Cloud droplet number concentrations N c and cloud optical depth (COD) significantly increased with increasing aerosol number concentration N a . Cloud droplet effective radius (DER) significantly decreased with increasing N a . The correlations between cloud microphysical properties [N c , liquid water path (LWP), and DER] and N a were stronger under more stable conditions. The correlations between N c , LWP, DER, and N a were stronger under ascendingmotion conditions, while the correlation between COD and N a was stronger under descending-motion conditions. The magnitude and corresponding uncertainty of the FIE f5[2› ln(DER)/› ln(N a )] at constant LWPg ranged from 0.060 6 0.022 to 0.101 6 0.006 depending on the different LWP values. Under more stable conditions, cloud-base heights were generally lower than those under less stable conditions. This enabled a more effective interaction with aerosols, resulting in a larger value for the FIE. However, the dependence of the response of cloud properties to aerosol perturbations on stability varied according to whether ground-or satellite-based DER retrievals were used. The magnitude of the FIE had a larger variation with changing LWP under ascending-motion conditions and tended to be higher under ascending-motion conditions for clouds with low LWP and under descending-motion conditions for clouds with high LWP. A contrasting dependence of FIE on atmospheric stability estimated from the surface and satellite cloud properties retrievals reported in this study underscores the importance of assessing all-level properties of clouds in aerosol-cloud interaction studies.