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First BanCorp. (FBP) Financials

First BanCorp. logo
$23.36 +0.27 (+1.15%)
Closing price 03:59 PM Eastern
Extended Trading
$23.36 0.00 (0.00%)
As of 04:10 PM Eastern
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Annual Income Statements for First BanCorp.

Annual Income Statements for First BanCorp.

This table shows First BanCorp.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 21 93 131 199 165 100 277 305 303 299 345
Consolidated Net Income / (Loss)		 21 93 67 202 167 102 281 305 303 299 345
Net Income / (Loss) Continuing Operations		 21 167 67 202 167 102 291 267 303 299 345
Total Pre-Tax Income 		28 130 62 191 239 116 428 448 397 391 417
Total Revenue		 584 572 554 608 658 712 861 881 930 938 1,001
Net Interest Income / (Expense)		 502 484 492 525 567 600 730 795 797 807 869
Total Interest Income		 606 585 588 625 676 693 795 863 1,023 1,095 1,123
Loans and Leases Interest Income		 549 531 533 554 603 631 719 748 891 965 979
Investment Securities Interest Income		 55 51 51 60 60 59 73 103 103 93 103
Deposits and Money Market Investments Interest Income		 - 3.37 4.61 11 13 3.39 2.66 12 30 37 41
Total Interest Expense		 103 101 97 100 109 93 65 67 226 288 254
Deposits Interest Expense		 69 67 67 68 78 68 41 46 185 253 238
Short-Term Borrowings Interest Expense		 - - - - - - 0.00 2.51 7.58 0.02 0.09
Long-Term Debt Interest Expense		 12 14 19 23 24 18 13 18 33 35 16
Federal Funds Purchased and Securities Sold Interest Expense		 22 20 11 9.40 6.65 6.65 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 81 88 62 82 91 111 121 123 133 131 132
Other Service Charges		 70 51 65 72 81 89 109 72 118 117 119
Net Realized & Unrealized Capital Gains on Investments		 40 5.18 1.76 2.23 -0.50 13 0.00 0.00 1.61 0.00 0.00
Investment Banking Income		 7.06 8.47 8.20 8.43 10 9.36 12 14 13 14 13
Provision for Credit Losses		 172 87 144 59 40 171 -66 28 61 60 86
Total Non-Interest Expense		 384 355 348 358 378 424 489 443 471 487 498
Salaries and Employee Benefits		 150 151 152 159 162 177 200 206 223 236 245
Net Occupancy & Equipment Expense		 67 62 63 64 70 83 103 97 94 97 98
Marketing Expense		 15 11 12 15 16 12 15 18 20 18 17
Property & Liability Insurance Claims		 - 20 14 8.91 6.32 6.49 6.54 6.15 15 9.82 7.67
Other Operating Expenses		 152 110 107 111 113 119 138 116 120 127 131
Restructuring Charge		 - - 0.00 0.00 11 27 26 0.00 0.00 0.00 0.00
Income Tax Expense		 6.42 37 -4.97 -11 72 14 147 143 95 92 72
Basic Earnings per Share		 $0.10 $0.44 $0.30 $0.92 $0.76 $0.46 $1.32 $1.60 $1.72 $1.82 $2.16
Weighted Average Basic Shares Outstanding		 211.46M 212.82M 214.30M 216.20M 217.36M 218.23M 198.41M 180.59M 167.32M 163.87M 156.57M
Diluted Earnings per Share		 $0.10 $0.43 $0.30 $0.92 $0.76 $0.46 $1.31 $1.59 $1.71 $1.81 $2.15
Weighted Average Diluted Shares Outstanding		 211.46M 212.82M 214.30M 216.20M 217.36M 218.23M 198.41M 180.59M 167.32M 163.87M 156.57M
Weighted Average Basic & Diluted Shares Outstanding		 211.46M 212.82M 214.30M 216.20M 217.36M 218.23M 198.41M 180.59M 167.32M 163.87M 156.57M
Cash Dividends to Common per Share		 $0.00 $0.00 $0.00 $0.03 $0.14 $0.20 $0.31 $0.46 $0.56 $0.64 $0.72

Quarterly Income Statements for First BanCorp.

This table shows First BanCorp.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 164 -2.53 73 76 74 76 77 80 101 87 89
Consolidated Net Income / (Loss)		 77 85 73 76 74 76 77 80 101 87 89
Net Income / (Loss) Continuing Operations		 77 94 73 76 74 56 77 70 101 106 89
Total Pre-Tax Income 		109 85 97 101 96 96 100 103 106 107 114
Total Revenue		 219 254 230 231 235 222 248 237 249 277 259
Net Interest Income / (Expense)		 200 197 197 200 202 209 212 216 218 223 221
Total Interest Income		 263 265 269 272 275 280 277 278 283 285 280
Loans and Leases Interest Income		 228 234 237 240 244 245 241 243 247 248 242
Investment Securities Interest Income		 25 25 24 23 22 23 24 24 26 30 33
Deposits and Money Market Investments Interest Income		 11 6.93 7.25 9.06 8.78 12 12 12 9.70 7.30 5.63
Total Interest Expense		 64 28 63 64 73 70 65 62 65 62 59
Deposits Interest Expense		 54 60 63 64 64 63 58 59 61 59 56
Short-Term Borrowings Interest Expense		 0.00 - - - 0.00 0.02 0.08 0.00 0.01 - 0.06
Long-Term Debt Interest Expense		 9.02 -24 0.00 0.00 8.91 7.74 6.10 3.69 3.47 3.19 2.90
Federal Funds Purchased and Securities Sold Interest Expense		 0.36 -2.76 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 30 34 34 32 33 32 36 31 31 34 38
Other Service Charges		 9.89 20 19 20 29 11 30 19 28 52 32
Net Realized & Unrealized Capital Gains on Investments		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Investment Banking Income		 2.79 2.38 5.51 2.79 3.00 2.27 5.81 2.54 2.62 2.27 5.94
Provision for Credit Losses		 4.40 19 12 12 15 21 25 21 18 23 17
Total Non-Interest Expense		 117 127 121 119 123 125 123 123 125 127 127
Salaries and Employee Benefits		 57 56 60 57 59 60 62 60 60 63 65
Net Occupancy & Equipment Expense		 24 24 23 24 25 25 25 25 24 24 24
Marketing Expense		 4.76 6.73 3.84 4.36 4.12 5.33 3.28 3.50 3.88 5.94 3.56
Property & Liability Insurance Claims		 2.14 8.45 3.10 2.32 2.16 2.24 2.24 2.24 2.24 0.96 2.06
Other Operating Expenses		 17 44 31 30 33 32 30 33 35 33 32
Restructuring Charge		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Income Tax Expense		 32 -0.08 24 26 23 20 23 23 5.70 20 25
Basic Earnings per Share		 $0.47 $0.47 $0.44 $0.46 $0.45 $0.47 $0.47 $0.50 $0.63 $0.56 $0.57
Weighted Average Basic Shares Outstanding		 172.55M 167.32M 166.43M 163.87M 163.87M 163.87M 161.54M 160.47M 157.94M 156.57M 154.68M
Diluted Earnings per Share		 $0.46 $0.47 $0.44 $0.46 $0.45 $0.46 $0.47 $0.50 $0.63 $0.55 $0.57
Weighted Average Diluted Shares Outstanding		 172.55M 167.32M 166.43M 163.87M 163.87M 163.87M 161.54M 160.47M 157.94M 156.57M 154.68M
Weighted Average Basic & Diluted Shares Outstanding		 172.55M 167.32M 166.43M 163.87M 163.87M 163.87M 161.54M 160.47M 157.94M 156.57M 154.68M
Cash Dividends to Common per Share		 $0.14 $0.14 $0.16 $0.16 $0.16 $0.16 $0.18 $0.18 $0.18 $0.18 $0.20

Annual Cash Flow Statements for First BanCorp.

This table details how cash moves in and out of First BanCorp.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -44 -453 417 -130 58 850 1,049 -2,063 183 496 -501
Net Cash From Operating Activities		 262 199 236 288 294 298 400 440 363 404 449
Net Cash From Continuing Operating Activities		 262 45 236 288 296 298 400 441 363 404 449
Net Income / (Loss) Continuing Operations		 21 0.00 67 202 167 102 281 305 303 299 345
Consolidated Net Income / (Loss)		 21 - 67 202 167 102 281 305 303 299 345
Provision For Loan Losses		 172 87 144 - 40 171 -66 28 61 60 86
Depreciation Expense		 21 18 16 15 18 20 25 22 21 19 17
Amortization Expense		 11 5.85 0.31 -1.23 -2.55 17 13 4.40 14 13 0.31
Non-Cash Adjustments to Reconcile Net Income		 2.70 -41 11 84 47 -20 130 74 9.34 14 -4.72
Changes in Operating Assets and Liabilities, net		 34 -24 -3.26 -11 27 7.53 17 8.37 -45 0.27 4.90
Net Cash From Investing Activities		 439 83 -73 -223 -343 -1,239 -1,263 -681 -78 136 -170
Net Cash From Continuing Investing Activities		 439 83 -73 -223 -343 -1,239 -1,263 -681 -78 136 -170
Purchase of Property, Leasehold Improvements and Equipment		 -12 -10 -9.42 -21 -22 -16 -13 -20 -23 -10 -11
Purchase of Investment Securities		 -3,221 -3,444 -416 -789 -765 -4,151 -2,844 -1,430 -764 -972 -2,436
Sale and/or Maturity of Investments		 3,445 3,538 352 586 445 2,522 1,597 769 708 1,118 2,276
Net Cash From Financing Activities		 -745 -735 254 -195 107 1,791 1,912 -1,822 -102 -44 -779
Net Cash From Continuing Financing Activities		 -745 -735 254 -195 107 1,791 1,912 -1,822 -102 -44 -779
Net Change in Deposits		 -673 -542 220 -37 362 1,767 2,473 -1,706 471 261 -240
Issuance of Debt		 130 215 415 120 0.00 0.00 0.00 200 300 0.00 0.00
Repayment of Debt		 0.00 -7.03 -376 -266 -220 -130 -240 50 -570 -97 -270
Repurchase of Common Equity		 - -1.13 -2.50 -2.83 -1.96 - - -278 - - -154
Payment of Dividends		 0.00 -0.22 -2.68 -9.19 -33 -46 -67 -88 -100 -106 -116

Quarterly Cash Flow Statements for First BanCorp.

This table details how cash moves in and out of First BanCorp.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -463 78 21 -98 99 474 169 -592 163 -241 -108
Net Cash From Operating Activities		 117 79 118 71 118 97 108 95 138 107 121
Net Cash From Continuing Operating Activities		 117 79 118 71 118 97 108 95 138 107 121
Net Income / (Loss) Continuing Operations		 82 79 73 76 74 76 77 80 101 87 89
Consolidated Net Income / (Loss)		 82 79 73 76 74 76 77 80 101 87 89
Provision For Loan Losses		 4.40 19 12 12 15 21 25 21 18 23 17
Depreciation Expense		 5.20 5.23 4.68 4.63 4.68 4.59 4.45 4.36 4.32 4.12 4.07
Amortization Expense		 3.82 3.45 2.88 3.61 3.53 2.57 2.09 1.62 -0.53 -2.87 -3.62
Non-Cash Adjustments to Reconcile Net Income		 8.63 0.72 0.42 7.44 5.16 1.06 6.28 6.63 -13 -4.32 14
Changes in Operating Assets and Liabilities, net		 13 -28 25 -32 16 -8.02 -6.47 -18 29 0.26 1.08
Net Cash From Investing Activities		 -7.50 -96 40 -28 202 -78 394 -368 -122 -74 -62
Net Cash From Continuing Investing Activities		 -7.50 -96 40 -28 202 -78 394 -368 -122 -74 -62
Purchase of Property, Leasehold Improvements and Equipment		 -3.73 -2.66 -4.14 -1.72 -2.53 -1.62 -1.49 -2.61 -2.86 -4.08 -5.17
Purchase of Investment Securities		 -264 -280 -158 -179 -72 -562 -12 -619 -722 -1,123 -769
Sale and/or Maturity of Investments		 260 186 202 153 277 486 407 254 603 1,053 712
Net Cash From Financing Activities		 -572 95 -137 -141 -221 455 -333 -319 147 -274 -167
Net Cash From Continuing Financing Activities		 -572 95 -137 -141 -221 455 -333 -319 147 -274 -167
Net Change in Deposits		 -400 195 -58 -65 -146 529 -50 -250 256 -196 -80
Issuance of Debt		 - - 0.00 - - - 0.00 - - - 90
Repayment of Debt		 -74 - 0.00 - -49 -49 -229 -11 -30 - -90
Repurchase of Common Equity		 - - -52 -49 -0.77 -0.02 - - -50 -50 -55
Payment of Dividends		 -25 -24 -27 -27 -26 -26 -29 -30 -28 -28 -32

Annual Balance Sheets for First BanCorp.

This table presents First BanCorp.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 12,573 11,922 12,261 12,244 12,611 18,793 20,785 18,634 18,910 19,293 19,133
Cash and Due from Banks		 749 297 706 579 546 1,433 2,540 478 662 1,158 657
Interest Bearing Deposits at Other Banks		 3.00 2.80 3.13 0.30 0.30 0.30 - 0.30 0.30 0.50 0.75
Trading Account Securities		 2,080 2,081 2,085 2,175 2,340 4,865 6,691 6,096 5,287 4,633 4,615
Loans and Leases, Net of Allowance		 8,908 8,731 8,652 0.00 0.00 11,442 10,792 11,292 12,276 12,820 13,141
Loans and Leases		 8,908 8,731 8,652 - - 11,442 10,792 - 12,276 12,820 13,141
Premises and Equipment, Net		 161 151 142 148 150 158 146 143 142 133 127
Goodwill		 - - - - 28 39 39 39 39 39 39
Intangible Assets		 - - - - 7.57 41 30 21 13 6.97 3.46
Other Assets		 672 660 674 9,342 9,539 815 547 564 492 504 551
Total Liabilities & Shareholders' Equity		 12,573 11,922 12,261 12,244 12,611 18,793 20,785 18,634 18,910 19,293 19,133
Total Liabilities		 10,879 10,136 10,392 10,199 10,383 16,518 18,684 17,309 17,412 17,624 17,166
Non-Interest Bearing Deposits		 1,337 1,484 1,834 2,395 2,368 4,546 7,028 6,113 5,404 5,548 5,549
Interest Bearing Deposits		 8,002 7,347 7,189 6,599 6,981 10,771 10,757 10,031 11,152 11,324 11,121
Short-Term Debt		 700 300 300 150 100 300 300 75 - - 0.00
Long-Term Debt		 681 886 924 924 754 624 384 859 662 562 290
Other Long-Term Liabilities		 159 119 146 130 181 277 215 232 194 191 206
Commitments & Contingencies		 - - - - - - - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,694 1,786 1,869 2,045 2,228 2,275 2,102 1,326 1,498 1,669 1,967
Total Preferred & Common Equity		 1,694 1,786 1,869 2,045 2,228 2,275 2,102 1,326 1,498 1,669 1,967
Total Common Equity		 1,658 1,750 1,833 2,009 2,192 2,240 2,102 1,326 1,498 1,669 1,967
Common Stock		 948 954 959 962 964 969 995 993 988 987 986
Retained Earnings		 738 831 895 1,088 1,222 1,215 1,427 1,644 1,846 2,039 2,268
Accumulated Other Comprehensive Income / (Loss)		 -28 -34 -21 -40 6.76 55 -84 -805 -639 -567 -355
Other Equity Adjustments		 - - - - - - - - -697 -790 -933

Quarterly Balance Sheets for First BanCorp.

This table presents First BanCorp.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 18,442 18,977 19,152 18,595 18,891 18,881 18,859 19,107 18,898 19,321 19,086
Cash and Due from Banks		 553 823 1,047 584 681 582 684 1,327 735 898 549
Interest Bearing Deposits at Other Banks		 0.30 - - 0.30 0.30 0.50 0.50 0.50 0.50 0.75 1.00
Trading Account Securities		 11,362 11,245 10,915 10,400 5,111 5,019 4,960 4,372 4,552 4,655 4,728
Loans and Leases, Net of Allowance		 11,053 11,328 11,467 11,696 12,396 12,474 12,521 12,740 12,928 13,074 13,103
Loans and Leases		 11,053 11,328 11,467 11,696 12,396 12,474 12,521 12,740 12,928 13,074 13,103
Premises and Equipment, Net		 143 138 147 145 141 139 136 130 128 127 128
Goodwill		 39 39 39 39 39 39 39 39 39 39 39
Intangible Assets		 23 19 17 15 12 9.70 8.26 5.72 4.54 3.68 3.24
Other Assets		 11,992 12,304 12,006 892 515 624 512 493 512 526 537
Total Liabilities & Shareholders' Equity		 18,442 18,977 19,152 18,595 18,891 18,881 18,859 19,107 18,898 19,321 19,086
Total Liabilities		 17,177 17,572 17,754 17,292 17,411 17,390 17,158 17,328 17,052 17,403 17,119
Non-Interest Bearing Deposits		 6,236 6,024 5,874 5,440 5,346 5,406 5,276 5,629 5,344 5,375 5,555
Interest Bearing Deposits		 10,334 10,028 10,945 10,995 11,199 11,123 11,072 11,193 11,210 11,486 11,041
Short-Term Debt		 200 173 74 0.00 0.00 0.00 0.00 - - - 90
Long-Term Debt		 184 1,109 745 662 662 662 612 331 320 290 200
Other Long-Term Liabilities		 223 238 199 195 204 199 199 174 178 252 233
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,265 1,406 1,398 1,303 1,480 1,491 1,701 1,779 1,845 1,918 1,967
Total Preferred & Common Equity		 1,265 1,406 1,398 1,303 1,480 1,491 1,701 1,779 1,845 1,918 1,967
Total Common Equity		 1,265 1,406 1,398 1,303 1,480 1,491 1,701 1,779 1,845 1,918 1,967
Common Stock		 992 982 985 986 982 984 985 980 982 984 975
Retained Earnings		 1,593 1,688 1,733 1,791 1,893 1,942 1,989 2,086 2,137 2,209 2,325
Accumulated Other Comprehensive Income / (Loss)		 -863 -718 -772 -851 -654 -644 -484 -482 -441 -392 -361
Other Equity Adjustments		 - - - - -740 -790 -790 -804 -833 -883 -972

Annual Metrics And Ratios for First BanCorp.

This table displays calculated financial ratios and metrics derived from First BanCorp.'s official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 157,936,923.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 157,936,923.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.18
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.72% -1.97% -3.17% 9.70% 8.22% 8.20% 21.01% 2.27% 5.92% -3.57% 6.67%
EBITDA Growth		 -53.39% 159.29% -48.80% 159.70% 24.25% -39.51% 209.56% -8.24% -0.32% -11.84% 2.82%
EBIT Growth		 -69.75% 369.98% -52.42% 207.57% 25.35% -51.32% 276.35% -6.40% -2.31% -11.97% 6.53%
NOPAT Growth		 -94.57% 337.76% -28.18% 201.11% -16.98% -38.90% 174.78% 8.56% -0.72% -1.37% 15.45%
Net Income Growth		 -94.57% 337.76% -28.18% 201.11% -16.98% -38.90% 174.78% 8.56% -0.72% -1.37% 15.45%
EPS Growth		 -94.65% 330.00% -30.23% 206.67% -17.39% -39.47% 184.78% 21.37% 7.55% 5.85% 18.78%
Operating Cash Flow Growth		 -0.93% -23.85% 18.32% 22.19% 2.07% 1.17% 34.25% 10.20% -17.60% 11.35% 10.99%
Free Cash Flow Firm Growth		 183.94% 164.11% -127.16% 428.80% 16.36% -107.08% 4,907.46% 19.69% -51.52% -43.65% 40.44%
Invested Capital Growth		 -1.70% -3.36% 4.05% 0.85% -1.18% 3.79% -12.92% -18.89% -4.43% 3.32% 1.16%
Revenue Q/Q Growth		 -4.08% 4.17% -5.44% 8.09% 0.94% 6.53% 1.96% -3.22% 6.70% -3.40% 3.48%
EBITDA Q/Q Growth		 -40.60% 41.81% -31.88% 37.62% -2.33% 12.48% 14.49% -13.17% 12.84% -7.98% 5.53%
EBIT Q/Q Growth		 -57.11% 53.02% -36.27% 43.70% -2.75% 7.01% 17.48% -13.94% 13.88% -8.26% 7.54%
NOPAT Q/Q Growth		 -93.68% 10.54% 0.47% 61.71% -27.87% 15.45% 9.13% -0.15% 4.05% -3.00% 3.42%
Net Income Q/Q Growth		 -93.68% 10.54% 0.47% 61.71% -27.87% 15.45% 9.13% -0.15% 4.05% -3.00% 3.42%
EPS Q/Q Growth		 -93.75% 10.26% 0.00% 64.29% -28.97% 17.95% 9.17% 3.92% 4.27% -0.55% 4.37%
Operating Cash Flow Q/Q Growth		 15.59% 9.65% -14.18% 13.00% -5.13% 29.88% -7.18% 2.22% -6.80% 4.54% 2.39%
Free Cash Flow Firm Q/Q Growth		 -55.14% 198.94% 77.74% -64.95% 323.92% -112.64% 52.68% -49.87% 1,738.90% 670.02% -27.18%
Invested Capital Q/Q Growth		 4.17% 0.05% -5.63% 7.49% -4.42% 0.00% -7.20% 37.01% 9.90% -3.53% 2.21%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 10.16% 26.88% 14.21% 33.64% 38.62% 21.59% 55.24% 49.56% 46.64% 42.65% 43.39%
EBIT Margin		 4.75% 22.77% 11.19% 31.37% 36.34% 16.35% 50.84% 46.53% 42.92% 39.18% 41.64%
Profit (Net Income) Margin		 3.65% 16.30% 12.09% 33.18% 25.45% 14.37% 32.64% 34.65% 32.47% 33.21% 34.46%
Tax Burden Percent		 76.84% 71.57% 108.02% 105.75% 69.92% 87.92% 65.69% 68.16% 76.20% 76.36% 82.75%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.17% 100.00% 97.72% 109.23% 99.28% 111.02% 100.00%
Effective Tax Rate		 23.16% 28.43% -8.02% -5.75% 30.08% 12.08% 34.31% 31.84% 23.80% 23.64% 17.25%
Return on Invested Capital (ROIC)		 0.69% 3.08% 2.21% 6.49% 5.40% 3.26% 9.39% 12.09% 13.71% 13.61% 15.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.69% 3.08% 2.21% 6.49% 5.40% 3.26% 9.39% 12.09% 13.71% 13.61% 15.37%
Return on Net Nonoperating Assets (RNNOA)		 0.58% 2.27% 1.46% 3.81% 2.44% 1.29% 3.45% 5.71% 7.75% 5.26% 3.60%
Return on Equity (ROE)		 1.27% 5.36% 3.66% 10.30% 7.83% 4.54% 12.84% 17.80% 21.46% 18.87% 18.97%
Cash Return on Invested Capital (CROIC)		 2.40% 6.50% -1.76% 5.65% 6.58% -0.46% 23.21% 32.95% 18.24% 10.35% 14.21%
Operating Return on Assets (OROA)		 0.22% 1.06% 0.51% 1.56% 1.92% 0.74% 2.21% 2.08% 2.13% 1.84% 2.17%
Return on Assets (ROA)		 0.17% 0.76% 0.55% 1.65% 1.35% 0.65% 1.42% 1.55% 1.61% 1.56% 1.80%
Return on Common Equity (ROCE)		 1.24% 5.25% 3.59% 10.11% 7.70% 4.47% 12.74% 17.80% 21.46% 18.87% 18.97%
Return on Equity Simple (ROE_SIMPLE)		 1.26% 5.22% 3.58% 9.86% 7.51% 4.50% 13.37% 23.01% 20.22% 17.90% 17.53%
Net Operating Profit after Tax (NOPAT)		 21 93 67 202 167 102 281 305 303 299 345
NOPAT Margin		 3.65% 16.30% 12.09% 33.18% 25.45% 14.37% 32.64% 34.65% 32.47% 33.21% 34.46%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 39.81% 39.30% 41.00% 39.27% 37.73% 38.27% 36.98% 36.48% 36.13% 38.98% 35.94%
Operating Expenses to Revenue		 65.77% 62.07% 62.77% 58.92% 57.55% 59.62% 56.79% 50.32% 50.55% 54.16% 49.77%
Earnings before Interest and Taxes (EBIT)		 28 130 62 191 239 116 438 410 400 352 417
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 59 154 79 204 254 154 476 436 435 384 434
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.35 0.68 0.50 0.77 0.89 0.78 1.20 1.63 1.82 1.81 1.65
Price to Tangible Book Value (P/TBV)		 0.35 0.68 0.50 0.77 0.90 0.81 1.24 1.70 1.88 1.86 1.69
Price to Revenue (P/Rev)		 0.99 2.08 1.65 2.56 2.95 2.46 2.93 2.45 2.92 3.36 3.24
Price to Earnings (P/E)		 27.23 12.82 6.97 7.82 11.80 17.56 9.10 7.07 8.98 10.11 9.41
Dividend Yield		 0.00% 0.00% 0.00% 0.42% 1.57% 2.50% 2.53% 3.94% 3.55% 3.47% 3.50%
Earnings Yield		 3.67% 7.80% 14.34% 12.79% 8.48% 5.70% 10.99% 14.14% 11.14% 9.89% 10.63%
Enterprise Value to Invested Capital (EV/IC)		 0.40 0.71 0.47 0.67 0.74 0.40 0.24 1.16 1.26 1.09 1.27
Enterprise Value to Revenue (EV/Rev)		 2.13 3.70 2.65 3.43 3.48 1.79 0.77 2.97 2.91 2.69 2.87
Enterprise Value to EBITDA (EV/EBITDA)		 20.99 13.76 18.62 10.21 9.00 8.30 1.40 5.99 6.25 6.31 6.62
Enterprise Value to EBIT (EV/EBIT)		 44.92 16.24 23.65 10.95 9.57 10.96 1.52 6.38 6.79 6.87 6.90
Enterprise Value to NOPAT (EV/NOPAT)		 58.46 22.69 21.89 10.35 13.66 12.46 2.37 8.57 8.98 8.11 8.34
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.75 10.61 6.21 7.24 7.77 4.28 1.67 5.93 7.49 5.99 6.41
Enterprise Value to Free Cash Flow (EV/FCFF)		 16.74 10.77 0.00 11.90 11.20 0.00 0.96 3.14 6.75 10.67 9.02
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.82 0.66 0.65 0.53 0.38 0.41 0.33 0.70 0.44 0.34 0.15
Long-Term Debt to Equity		 0.40 0.50 0.49 0.45 0.34 0.27 0.18 0.65 0.44 0.34 0.15
Financial Leverage		 0.84 0.74 0.66 0.59 0.45 0.39 0.37 0.47 0.57 0.39 0.23
Leverage Ratio		 7.52 7.04 6.62 6.26 5.82 6.97 9.04 11.50 13.30 12.06 10.57
Compound Leverage Factor		 7.52 7.04 6.62 6.26 5.83 6.97 8.84 12.56 13.20 13.39 10.57
Debt to Total Capital		 44.92% 39.91% 39.56% 34.44% 27.71% 28.88% 24.55% 41.33% 30.64% 25.18% 12.85%
Short-Term Debt to Total Capital		 22.76% 10.09% 9.70% 4.81% 3.24% 9.38% 10.77% 3.33% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 22.16% 29.81% 29.86% 29.63% 24.47% 19.50% 13.78% 38.01% 30.64% 25.18% 12.85%
Preferred Equity to Total Capital		 1.17% 1.21% 1.17% 1.16% 1.17% 1.13% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 53.91% 58.88% 59.27% 64.41% 71.13% 70.01% 75.45% 58.67% 69.36% 74.82% 87.15%
Debt to EBITDA		 23.30 7.71 15.54 5.25 3.36 6.01 1.44 2.14 1.52 1.46 0.67
Net Debt to EBITDA		 10.61 5.77 6.54 2.42 1.21 -3.32 -3.90 1.04 0.00 -1.56 -0.85
Long-Term Debt to EBITDA		 11.49 5.76 11.73 4.52 2.97 4.06 0.81 1.97 1.52 1.46 0.67
Debt to NOPAT		 64.87 12.72 18.28 5.33 5.10 9.03 2.43 3.06 2.18 1.88 0.84
Net Debt to NOPAT		 29.54 9.51 7.68 2.46 1.84 -4.98 -6.61 1.49 0.00 -2.00 -1.07
Long-Term Debt to NOPAT		 32.00 9.51 13.79 4.58 4.51 6.10 1.37 2.81 2.18 1.88 0.84
Noncontrolling Interest Sharing Ratio		 2.15% 2.07% 1.98% 1.83% 1.67% 1.58% 0.81% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 74 196 -53 175 204 -14 694 831 403 227 319
Operating Cash Flow to CapEx		 10,663.31% 1,923.16% 2,505.72% 1,405.49% 1,309.21% 1,852.76% 2,994.39% 2,153.01% 1,606.10% 4,038.27% 4,065.95%
Free Cash Flow to Firm to Interest Expense		 0.72 1.94 -0.55 1.76 1.88 -0.16 10.72 12.35 2.17 0.79 1.25
Operating Cash Flow to Interest Expense		 2.54 1.97 2.44 2.90 2.70 3.21 6.17 6.54 1.96 1.40 1.76
Operating Cash Flow Less CapEx to Interest Expense		 2.51 1.87 2.34 2.69 2.50 3.04 5.96 6.24 1.84 1.37 1.72
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.04 0.04 0.05 0.05 0.05
Fixed Asset Turnover		 3.56 3.67 3.78 4.20 4.42 4.62 5.65 6.09 6.55 6.53 7.69
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,076 2,972 3,093 3,119 3,082 3,199 2,786 2,259 2,159 2,231 2,257
Invested Capital Turnover		 0.19 0.19 0.18 0.20 0.21 0.23 0.29 0.35 0.42 0.41 0.45
Increase / (Decrease) in Invested Capital		 -53 -103 120 26 -37 117 -413 -526 -100 72 26
Enterprise Value (EV)		 1,245 2,115 1,466 2,087 2,286 1,275 666 2,613 2,719 2,422 2,877
Market Capitalization		 580 1,192 915 1,555 1,943 1,748 2,523 2,158 2,719 3,019 3,245
Book Value per Share		 $7.71 $8.05 $8.48 $9.25 $10.09 $10.26 $10.22 $7.18 $8.68 $10.19 $12.45
Tangible Book Value per Share		 $7.71 $8.05 $8.48 $9.25 $9.92 $9.90 $9.89 $6.86 $8.38 $9.91 $12.19
Total Capital		 3,076 2,972 3,093 3,119 3,082 3,199 2,786 2,259 2,159 2,231 2,257
Total Debt		 1,381 1,186 1,224 1,074 854 924 684 934 662 562 290
Total Long-Term Debt		 681 886 924 924 754 624 384 859 662 562 290
Net Debt		 629 887 515 495 307 -510 -1,857 455 -0.53 -597 -368
Capital Expenditures (CapEx)		 2.46 10 9.42 21 22 16 13 20 23 10 11
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,381 1,186 1,224 1,074 854 924 684 934 662 562 290
Total Depreciation and Amortization (D&A)		 32 23 17 14 15 37 38 27 35 31 18
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.10 $0.44 $0.30 $0.92 $0.76 $0.46 $1.32 $0.00 $1.72 $1.82 $2.16
Adjusted Weighted Average Basic Shares Outstanding		 215.21M 217.51M 216.33M 217.24M 217.36M 218.23M 198.41M 0.00 167.32M 163.87M 156.57M
Adjusted Diluted Earnings per Share		 $0.10 $0.43 $0.30 $0.92 $0.76 $0.46 $1.31 $0.00 $1.71 $1.81 $2.15
Adjusted Weighted Average Diluted Shares Outstanding		 215.21M 217.51M 216.33M 217.24M 217.36M 218.23M 198.41M 0.00 167.32M 163.87M 156.57M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 215.21M 217.51M 216.33M 217.24M 217.36M 218.23M 198.41M 0.00 167.32M 163.87M 156.57M
Normalized Net Operating Profit after Tax (NOPAT)		 21 93 43 133 175 126 298 305 303 299 345
Normalized NOPAT Margin		 3.65% 16.30% 7.83% 21.96% 26.67% 17.65% 34.65% 34.65% 32.47% 33.21% 34.46%
Pre Tax Income Margin		 4.75% 22.77% 11.19% 31.37% 36.40% 16.35% 49.69% 50.83% 42.61% 43.50% 41.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.27 1.29 0.64 1.91 2.20 1.26 6.76 6.09 2.16 1.23 1.64
NOPAT to Interest Expense		 0.21 0.92 0.69 2.02 1.54 1.10 4.34 4.53 1.63 1.04 1.36
EBIT Less CapEx to Interest Expense		 0.24 1.19 0.54 1.71 1.99 1.08 6.55 5.78 2.04 1.19 1.60
NOPAT Less CapEx to Interest Expense		 0.18 0.82 0.59 1.82 1.33 0.93 4.13 4.23 1.51 1.00 1.31
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.24% 4.00% 4.56% 19.74% 45.07% 24.01% 28.79% 32.91% 35.34% 33.50%
Augmented Payout Ratio		 0.00% 1.45% 7.73% 5.96% 20.91% 45.07% 24.01% 119.84% 100.01% 69.62% 78.06%

Quarterly Metrics And Ratios for First BanCorp.

This table displays calculated financial ratios and metrics derived from First BanCorp.'s official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 157,936,923.00 156,565,063.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 157,936,923.00 156,565,063.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.55 0.57
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -7.95% 30.02% -1.24% -2.14% 2.82% -12.49% 3.78% 2.67% 6.03% 13.84% 4.24%
EBITDA Growth		 -6.04% 73.30% -5.19% -0.70% -11.06% -28.41% -6.78% -8.70% 5.44% 21.62% 7.36%
EBIT Growth		 -8.39% 81.96% -5.09% 0.00% -11.25% -29.28% -6.26% -7.43% 10.21% 29.96% 13.92%
NOPAT Growth		 2.62% 16.10% 3.90% 7.34% -3.70% -10.89% 4.90% 5.73% 36.35% 15.06% 15.21%
Net Income Growth		 2.62% 16.10% 3.90% 7.34% -3.70% -10.89% 4.90% 5.73% 36.35% 15.06% 15.21%
EPS Growth		 15.00% 17.50% 12.82% 17.95% -2.17% -2.13% 6.82% 8.70% 40.00% 19.57% 21.28%
Operating Cash Flow Growth		 1.84% -25.06% 2.45% 39.38% 0.59% 22.16% -8.48% 34.16% 16.67% 10.81% 11.89%
Free Cash Flow Firm Growth		 -116.75% -69.12% 346.00% 2,913.79% -14.63% -97.80% -82.56% -51.51% 174.82% 1,401.52% -153.69%
Invested Capital Growth		 19.14% -4.43% -20.31% -2.89% 17.70% 3.32% -1.44% 0.57% -4.52% 1.16% 6.95%
Revenue Q/Q Growth		 -3.56% 16.02% -9.16% -3.71% 1.33% -1.26% 16.83% -0.60% 4.92% 11.20% -3.10%
EBITDA Q/Q Growth		 6.08% 9.66% -10.30% -4.84% -4.99% -11.73% 46.38% 1.95% 11.01% 16.32% -3.06%
EBIT Q/Q Growth		 6.58% 10.90% -10.08% -5.91% -5.40% -11.63% 54.47% 2.72% 14.06% 19.30% -2.41%
NOPAT Q/Q Growth		 8.35% 10.97% -13.53% 3.24% -2.78% 2.68% 1.79% 4.05% 25.38% -13.35% 1.93%
Net Income Q/Q Growth		 8.35% 10.97% -13.53% 3.24% -2.78% 2.68% 1.79% 4.05% 25.38% -13.35% 1.93%
EPS Q/Q Growth		 17.95% 2.17% -6.38% 4.55% -2.17% 2.22% 2.17% 6.38% 26.00% -12.70% 3.64%
Operating Cash Flow Q/Q Growth		 129.75% -32.43% 49.23% -39.83% 65.81% -17.94% 11.80% -11.80% 44.19% -22.07% 12.89%
Free Cash Flow Firm Q/Q Growth		 -4,706.35% 177.40% 234.65% -77.40% -295.80% 101.49% 2,550.74% -37.14% 202.08% -70.17% -194.78%
Invested Capital Q/Q Growth		 -11.39% 9.90% -0.83% 0.55% 7.40% -3.53% -5.40% 2.60% 1.97% 2.21% 0.02%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 48.79% 46.11% 45.54% 45.01% 42.20% 37.73% 40.76% 41.81% 44.23% 46.27% 44.35%
EBIT Margin		 44.66% 42.69% 42.26% 41.30% 38.55% 34.50% 38.01% 39.29% 42.71% 45.82% 44.18%
Profit (Net Income) Margin		 35.00% 33.48% 31.87% 34.17% 32.78% 34.09% 32.31% 33.82% 40.42% 31.49% 34.32%
Tax Burden Percent		 70.24% 100.09% 75.41% 74.81% 76.49% 78.83% 76.83% 77.93% 94.64% 81.15% 77.70%
Interest Burden Percent		 111.57% 78.34% 100.00% 110.61% 111.17% 125.33% 110.63% 110.48% 100.00% 84.69% 100.00%
Effective Tax Rate		 29.76% -0.09% 24.59% 25.19% 23.51% 21.17% 23.17% 22.07% 5.36% 18.85% 22.30%
Return on Invested Capital (ROIC)		 16.93% 14.13% 12.27% 14.46% 14.27% 13.97% 13.80% 14.32% 16.60% 14.05% 15.90%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.93% 14.13% 12.27% 14.46% 14.27% 13.97% 13.80% 14.32% 16.60% 14.05% 15.90%
Return on Net Nonoperating Assets (RNNOA)		 6.89% 7.99% 8.27% 7.41% 6.05% 5.40% 4.20% 4.21% 4.14% 3.29% 2.64%
Return on Equity (ROE)		 23.82% 22.12% 20.54% 21.88% 20.32% 19.36% 18.01% 18.53% 20.74% 17.34% 18.53%
Cash Return on Invested Capital (CROIC)		 -1.36% 18.24% 35.27% 17.16% -1.86% 10.35% 15.68% 13.63% 19.38% 14.21% 9.61%
Operating Return on Assets (OROA)		 2.11% 2.12% 2.08% 2.01% 1.92% 1.62% 1.82% 1.90% 2.08% 2.39% 2.34%
Return on Assets (ROA)		 1.65% 1.66% 1.56% 1.66% 1.63% 1.61% 1.54% 1.64% 1.97% 1.64% 1.82%
Return on Common Equity (ROCE)		 23.82% 22.12% 20.54% 21.88% 20.32% 19.36% 18.01% 18.53% 20.74% 17.34% 18.53%
Return on Equity Simple (ROE_SIMPLE)		 22.34% 0.00% 20.65% 20.84% 18.11% 0.00% 16.99% 16.62% 17.39% 0.00% 18.13%
Net Operating Profit after Tax (NOPAT)		 77 85 73 76 74 76 77 80 101 87 89
NOPAT Margin		 35.00% 33.48% 31.87% 34.17% 32.78% 34.09% 32.31% 33.82% 40.42% 31.49% 34.32%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 39.00% 34.01% 37.67% 38.72% 39.04% 40.53% 37.86% 37.15% 35.43% 33.71% 36.04%
Operating Expenses to Revenue		 53.33% 49.89% 52.46% 53.47% 54.67% 56.08% 51.58% 52.03% 50.22% 45.87% 49.14%
Earnings before Interest and Taxes (EBIT)		 98 108 97 92 87 77 91 93 106 127 114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 107 117 105 100 95 84 97 99 110 128 115
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.75 1.82 1.98 1.99 2.01 1.81 1.74 1.81 1.84 1.65 1.70
Price to Tangible Book Value (P/TBV)		 1.82 1.88 2.05 2.06 2.06 1.86 1.78 1.85 1.89 1.69 1.74
Price to Revenue (P/Rev)		 2.61 2.92 3.15 3.21 3.66 3.36 3.40 3.65 3.81 3.24 3.31
Price to Earnings (P/E)		 6.02 8.98 9.58 9.56 15.47 10.11 10.22 10.88 10.61 9.41 9.38
Dividend Yield		 4.23% 3.55% 3.42% 3.36% 2.98% 3.47% 3.50% 3.29% 3.17% 3.50% 3.46%
Earnings Yield		 16.62% 11.14% 10.44% 10.46% 6.46% 9.89% 9.79% 9.19% 9.42% 10.63% 10.66%
Enterprise Value to Invested Capital (EV/IC)		 1.20 1.26 1.36 1.42 1.44 1.09 0.99 1.35 1.33 1.27 1.37
Enterprise Value to Revenue (EV/Rev)		 2.69 2.91 3.13 3.30 3.59 2.69 2.30 3.20 3.16 2.87 3.05
Enterprise Value to EBITDA (EV/EBITDA)		 6.11 6.25 6.77 7.12 8.01 6.31 5.56 7.96 7.86 6.62 6.98
Enterprise Value to EBIT (EV/EBIT)		 6.70 6.79 7.36 7.72 8.69 6.87 6.04 8.62 8.40 6.90 7.16
Enterprise Value to NOPAT (EV/NOPAT)		 8.09 8.98 9.52 9.82 10.84 8.11 6.92 9.53 8.79 8.34 8.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.05 7.49 7.95 7.91 8.64 5.99 5.31 6.98 6.69 6.41 6.68
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 6.75 3.42 8.14 0.00 10.67 6.28 9.93 6.69 9.02 14.70
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.51 0.44 0.45 0.44 0.36 0.34 0.19 0.17 0.15 0.15 0.15
Long-Term Debt to Equity		 0.51 0.44 0.45 0.44 0.36 0.34 0.19 0.17 0.15 0.15 0.10
Financial Leverage		 0.41 0.57 0.67 0.51 0.42 0.39 0.30 0.29 0.25 0.23 0.17
Leverage Ratio		 14.42 13.30 13.12 13.16 12.47 12.06 11.66 11.32 10.55 10.57 10.19
Compound Leverage Factor		 16.09 10.42 13.12 14.56 13.86 15.12 12.90 12.51 10.55 8.95 10.19
Debt to Total Capital		 33.68% 30.64% 30.90% 30.73% 26.45% 25.18% 15.69% 14.78% 13.13% 12.85% 12.85%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.99%
Long-Term Debt to Total Capital		 33.68% 30.64% 30.90% 30.73% 26.45% 25.18% 15.69% 14.78% 13.13% 12.85% 8.86%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 66.32% 69.36% 69.10% 69.27% 73.55% 74.82% 84.31% 85.22% 86.87% 87.15% 87.15%
Debt to EBITDA		 1.72 1.52 1.54 1.54 1.47 1.46 0.88 0.87 0.78 0.67 0.66
Net Debt to EBITDA		 0.20 0.00 -0.05 0.19 -0.17 -1.56 -2.65 -1.13 -1.63 -0.85 -0.59
Long-Term Debt to EBITDA		 1.72 1.52 1.54 1.54 1.47 1.46 0.88 0.87 0.78 0.67 0.45
Debt to NOPAT		 2.27 2.18 2.17 2.13 1.99 1.88 1.10 1.04 0.87 0.84 0.81
Net Debt to NOPAT		 0.27 0.00 -0.06 0.26 -0.24 -2.00 -3.30 -1.36 -1.83 -1.07 -0.73
Long-Term Debt to NOPAT		 2.27 2.18 2.17 2.13 1.99 1.88 1.10 1.04 0.87 0.84 0.56
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -239 185 619 140 -274 4.07 108 68 205 61 -58
Operating Cash Flow to CapEx		 3,146.42% 2,977.83% 2,856.18% 4,143.45% 4,662.45% 5,971.68% 7,287.47% 3,659.78% 4,808.84% 2,630.88% 2,340.77%
Free Cash Flow to Firm to Interest Expense		 -3.76 6.64 8.60 1.93 -3.77 0.06 1.67 1.09 3.16 0.98 -0.98
Operating Cash Flow to Interest Expense		 1.84 2.84 1.64 0.98 1.62 1.37 1.67 1.53 2.12 1.72 2.06
Operating Cash Flow Less CapEx to Interest Expense		 1.78 2.75 1.59 0.96 1.59 1.35 1.65 1.49 2.08 1.65 1.97
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 6.07 6.55 6.66 6.49 6.63 6.53 6.68 6.85 7.05 7.69 7.83
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,965 2,159 2,141 2,153 2,313 2,231 2,110 2,165 2,208 2,257 2,257
Invested Capital Turnover		 0.48 0.42 0.39 0.42 0.44 0.41 0.43 0.42 0.41 0.45 0.46
Increase / (Decrease) in Invested Capital		 316 -100 -546 -64 348 72 -31 12 -105 26 147
Enterprise Value (EV)		 2,355 2,719 2,908 3,051 3,339 2,422 2,092 2,922 2,930 2,877 3,084
Market Capitalization		 2,277 2,719 2,928 2,971 3,412 3,019 3,088 3,338 3,538 3,245 3,344
Book Value per Share		 $7.31 $8.68 $8.89 $8.96 $10.38 $10.19 $10.86 $11.42 $11.95 $12.45 $12.57
Tangible Book Value per Share		 $7.01 $8.38 $8.59 $8.67 $10.09 $9.91 $10.59 $11.16 $11.69 $12.19 $12.30
Total Capital		 1,965 2,159 2,141 2,153 2,313 2,231 2,110 2,165 2,208 2,257 2,257
Total Debt		 662 662 662 662 612 562 331 320 290 290 290
Total Long-Term Debt		 662 662 662 662 612 562 331 320 290 290 200
Net Debt		 77 -0.53 -19 79 -73 -597 -996 -416 -609 -368 -260
Capital Expenditures (CapEx)		 3.73 2.66 4.14 1.72 2.53 1.62 1.49 2.61 2.86 4.08 5.17
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 662 662 662 662 612 562 331 320 290 290 290
Total Depreciation and Amortization (D&A)		 9.03 8.68 7.56 8.24 8.21 7.16 6.54 5.97 3.79 1.25 0.45
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.47 $0.47 $0.44 $0.46 $0.45 $0.47 $0.47 $0.50 $0.63 $0.56 $0.57
Adjusted Weighted Average Basic Shares Outstanding		 172.55M 167.32M 166.43M 163.87M 163.87M 163.87M 161.54M 160.47M 157.94M 156.57M 154.68M
Adjusted Diluted Earnings per Share		 $0.46 $0.47 $0.44 $0.46 $0.45 $0.46 $0.47 $0.50 $0.63 $0.55 $0.57
Adjusted Weighted Average Diluted Shares Outstanding		 172.55M 167.32M 166.43M 163.87M 163.87M 163.87M 161.54M 160.47M 157.94M 156.57M 154.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 172.55M 167.32M 166.43M 163.87M 163.87M 163.87M 161.54M 160.47M 157.94M 156.57M 154.68M
Normalized Net Operating Profit after Tax (NOPAT)		 77 59 73 76 74 76 77 80 101 87 89
Normalized NOPAT Margin		 35.00% 23.41% 31.87% 34.17% 32.78% 34.09% 32.31% 33.82% 40.42% 31.49% 34.32%
Pre Tax Income Margin		 49.83% 33.45% 42.26% 45.68% 42.86% 43.25% 42.06% 43.40% 42.71% 38.81% 44.18%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.53 3.89 1.35 1.26 1.19 1.09 1.40 1.49 1.64 2.03 1.94
NOPAT to Interest Expense		 1.20 3.05 1.02 1.04 1.02 1.07 1.19 1.29 1.55 1.40 1.51
EBIT Less CapEx to Interest Expense		 1.48 3.79 1.30 1.24 1.16 1.06 1.38 1.45 1.59 1.97 1.85
NOPAT Less CapEx to Interest Expense		 1.14 2.95 0.96 1.02 0.98 1.05 1.17 1.24 1.51 1.33 1.42
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 33.63% 32.91% 33.10% 32.81% 33.56% 35.34% 35.81% 36.24% 34.06% 33.50% 33.17%
Augmented Payout Ratio		 33.63% 100.01% 99.32% 32.81% 33.56% 69.62% 35.81% 53.95% 65.15% 78.06% 33.17%

Financials Breakdown Chart

Key Financial Trends

First BanCorp (FBP) has shown several notable trends across its 2022–2025 quarterly reports, with 2025 highlighting stronger earnings and improved net interest income, while cash flow and funding stability remain important focal points for investors.

  • Net interest income has trended higher in 2025, with net interest income reaching about $222.8 million in Q4 2025, up from roughly $212–$217 million earlier in the year, signaling stronger NII help from loan growth and/or higher yields.
  • Earnings per share improved in Q4 2025, with basic and diluted EPS at $0.63, up from about $0.47 in Q4 2024, supported by a higher consolidated net income to common shareholders.
  • Capital returns remain active: the company paid a quarterly cash dividend of $0.18 per share and continued share repurchases around $50 million per quarter, reflecting a shareholder-friendly capital policy.
  • Operating cash flow remained solid in 2025, including about $107.3 million from continuing operating activities in Q4 2025, with a history of positive operating cash flow across 2025 quarters.
  • Funding base remains stable, with roughly $11.49 billion in interest-bearing deposits and $5.37 billion in non-interest bearing deposits as of Q3 2025, indicating a durable and diverse funding mix.
  • Balance sheet footprint remained relatively stable, with total assets in the high-teens of billions (about $18.9B–$19.3B in 2025) and total equity around $1.9B, suggesting a steady capital base.
  • Provision for credit losses stayed within a moderate range (roughly $17–$23 million per quarter in 2023–2025), indicating ongoing but manageable credit risk provisioning.
  • Net change in cash and equivalents in Q4 2025 was negative, at about -$241.0 million, highlighting liquidity movements despite positive operating cash flow.
  • Net cash from financing activities in Q4 2025 was -$274.376 million, driven by sizable share repurchases and dividends that reduced cash despite ongoing financing activity.
  • Investing activities in Q4 2025 showed a net cash outflow of about -$73.9 million, largely due to investment securities purchases, signaling a shift in liquidity usage in the period.
05/14/26 04:24 PM ETAI Generated. May Contain Errors.

First BanCorp. Financials - Frequently Asked Questions

According to the most recent income statement we have on file, First BanCorp.'s financial year ends in December. Their financial year 2025 ended on December 31, 2025.

First BanCorp.'s net income appears to be on an upward trend, with a most recent value of $344.87 million in 2025, rising from $21.30 million in 2015. The previous period was $298.72 million in 2024. See where experts think First BanCorp. is headed by visiting First BanCorp.'s forecast page.

Over the last 10 years, First BanCorp.'s total revenue changed from $583.59 million in 2015 to $1.00 billion in 2025, a change of 71.5%.

First BanCorp.'s total liabilities were at $17.17 billion at the end of 2025, a 2.6% decrease from 2024, and a 57.8% increase since 2015.

In the past 10 years, First BanCorp.'s cash and equivalents has ranged from $296.89 million in 2016 to $2.54 billion in 2021, and is currently $657.15 million as of their latest financial filing in 2025.

Over the last 10 years, First BanCorp.'s book value per share changed from 7.71 in 2015 to 12.45 in 2025, a change of 61.5%.


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Financial statements for NYSE:FBP last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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