Company research
FIRST BANCORP /PR/
CIK 1057706Updated Sep 26, 2026
SecurityFBP · NYSE · equity
FBP price & chart
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NYSE:FBP on TradingView ↗About the company
First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. First BanCorp’s shares of common stock trade on the New York Stock Exchange under the symbol “FBP.”
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 19,132,892,000Source | 19,292,921,000Source | 18,909,549,000Source | 18,634,484,000Source |
| Property, Plant and Equipment, NetUSD | 126,920,000Source | 133,437,000Source | 142,016,000Source | 142,935,000Source |
| GoodwillUSD | 38,611,000Source | 38,611,000Source | 38,611,000Source | 38,611,000Source |
| Operating Lease, Right-of-Use AssetUSD | 72,192,000Source | 63,159,000Source | 68,495,000Source | 78,855,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 17,166,027,000Source | 17,623,685,000Source | 17,411,940,000Source | 17,308,944,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 22,366,000Source | 22,366,000Source | 22,366,000Source | 22,366,000Source |
| Additional Paid in CapitalUSD | 963,543,000Source | 964,964,000Source | 965,707,000Source | 970,722,000Source |
| Retained Earnings (Accumulated Deficit)USD | 2,268,011,000Source | 2,038,812,000Source | 1,846,112,000Source | 1,644,209,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -354,550,000Source | -566,556,000Source | -639,170,000Source | -804,778,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,966,865,000Source | 1,669,236,000Source | 1,497,609,000Source | 1,325,540,000Source |
| Liabilities and EquityUSD | 19,132,892,000Source | 19,292,921,000Source | 18,909,549,000Source | 18,634,484,000Source |
| Additional Financial Items | ||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | -354,940,000Source | -567,338,000Source | -640,552,000Source | -805,972,000Source |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after TaxUSD | 390,000Source | 782,000Source | 1,382,000Source | 1,194,000Source |
| Long-term DebtUSD | 290,000,000Source | 561,700,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 10,096,000Source | 8,706,000Source | 7,799,000Source | 5,407,000Source |
| Deferred Income Tax Expense (Benefit)USD | -12,422,000Source | 14,131,000Source | 6,105,000Source | 54,216,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 448,556,000Source | 404,150,000Source | 362,963,000Source | 440,485,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -170,392,000Source | 136,232,000Source | -78,450,000Source | -681,460,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 11,032,000Source | 10,008,000Source | 22,599,000Source | 20,459,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 153,672,000Source | 102,393,000Source | 203,241,000Source | 277,769,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -778,980,000Source | -44,131,000Source | -101,854,000Source | -1,821,578,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 115,520,000Source | 105,581,000Source | 99,666,000Source | 87,824,000Source |
| Repayments of Long-term DebtUSD | 269,850,000Source | 97,000,000Source | 19,795,000Source | 500,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 658,599,000Source | 1,159,415,000Source | 663,164,000Source | 480,505,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 250,809,000Source | 281,733,000Source | 207,829,000Source | 65,986,000Source |
| Income Taxes Paid, NetUSD | 72,504,000Source | 93,231,000Source | 109,512,000Source | 51,798,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,509,000Source | 6,416,000Source | 7,735,000Source | 8,816,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | — | 0Source |
| Deferred Other Tax Expense (Benefit)USD | -12,422,000Source | 14,131,000Source | 6,105,000Source | 54,216,000Source |
| Depreciation, NonproductionUSD | 17,244,000Source | 18,580,000Source | 20,501,000Source | 22,289,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | 125,000Source | -19,000Source | 21,000Source | -522,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 85,906,000Source | 62,861,000Source | 66,644,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 16,000Source | 103,000Source | 3,514,000Source | 924,000Source |
| Gain (Loss) on Termination of LeaseUSD | — | 500,000Source | 100,000Source | 3,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 0Source | 3,600,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 0Source | 1,605,000Source | 0Source |
| GoodwillUSD | 38,611,000Source | 38,611,000Source | 38,611,000Source | 38,611,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | 0Source |
| Goodwill, Impairment LossUSD | 0Source | — | — | — |
| Income Tax Expense (Benefit)USD | 71,868,000Source | 92,483,000Source | 94,572,000Source | 142,512,000Source |
| Net Income (Loss) Attributable to ParentUSD | 344,866,000Source | 298,724,000Source | 302,864,000Source | 305,072,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 344,866,000Source | 298,724,000Source | 302,864,000Source | 305,072,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 0Source | 0Source | 300,000,000Source | 200,000,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 2,163,513,000Source | 997,081,000Source | 549,644,000Source | 626,802,000Source |
| Provision for Loan, Lease, and Other LossesUSD | 85,961,000Source | 59,921,000Source | 60,940,000Source | 27,696,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 829,000Source | 537,000Source | 301,000Source | 1,098,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,000,818,000Source | 938,201,000Source | 929,804,000Source | 918,385,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 416,734,000Source | 391,207,000Source | 397,436,000Source | 447,584,000Source |
| Income Tax Expense (Benefit)USD | 71,868,000Source | 92,483,000Source | 94,572,000Source | 142,512,000Source |
| Net Income (Loss) Attributable to ParentUSD | 344,866,000Source | 298,724,000Source | 302,864,000Source | 305,072,000Source |
| Earnings Per Share, BasicUSD per share | 2.16Source | 1.82Source | 1.72Source | 1.6Source |
| Earnings Per Share, DilutedUSD per share | 2.15Source | 1.81Source | 1.71Source | 1.59Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 159,956,000Source | 164,549,000Source | 176,504,000Source | 190,805,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 160,739,000Source | 165,268,000Source | 177,180,000Source | 191,968,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,509,000Source | 6,416,000Source | 7,735,000Source | 8,816,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | 0Source | 0Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.72Source | 0.64Source | 0.56Source | 0.46Source |
| Current Income Tax Expense (Benefit)USD | 84,290,000Source | 78,352,000Source | 88,467,000Source | 88,296,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | — | 0Source |
| Debt Securities, Gain (Loss)USD | — | — | — | 0Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 17,200,000Source | 18,600,000Source | 20,500,000Source | 22,300,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 85,906,000Source | 62,861,000Source | 66,644,000Source | — |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 0Source | 3,600,000Source | — |
| Goodwill, Impairment LossUSD | 0Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 364,545,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 226,376,000Source | 67,321,000Source |
| InterestExpenseOperatingUSD | 254,216,000Source | 287,674,000Source | — | — |
| Interest Income (Expense), NetUSD | 868,940,000Source | 807,479,000Source | 797,110,000Source | 795,293,000Source |
| Labor and Related ExpenseUSD | 245,152,000Source | 235,695,000Source | 222,855,000Source | 206,038,000Source |
| Marketing and Advertising ExpenseUSD | 16,601,000Source | 17,645,000Source | 19,626,000Source | 18,231,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 344,866,000Source | 298,724,000Source | 302,864,000Source | 305,072,000Source |
| Other General ExpenseUSD | 6,032,000Source | 6,074,000Source | 6,074,000Source | 3,126,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | 0Source | 0Source |
| Taxes, MiscellaneousUSD | 23,954,000Source | 22,196,000Source | 21,236,000Source | 20,267,000Source |
Filing attachments
ef20065079_ex99-1.htm · 8-K · 2026-02-09
EX-99.1 2 ef20065079_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 News Release FIRSTBANCORP ANNOUNCES RETIREMENT OF CHIEF FINANCIAL OFFICER ORLANDO BERGES AND APPOINTMENT OF SUCCESSOR SAID ORTIZ SAN JUAN, Puerto Rico - February 9, 2026 - First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that Orlando Berges, Executive Vice President and Chief Financial Officer, will retire from the Corporation effective June 30, 2026, after close …
Read attachment ↗ef20057545_ex99-1.htm · 8-K · 2025-10-23
EX-99.1 2 ef20057545_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FIRST BANCORP. ANNOUNCES EARNINGS FOR THE QUARTER ENDED SEPTEMBER 30, 2025 SAN JUAN, Puerto Rico - October 23, 2025 - First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $100.5 million, or $0.63 per diluted share, for the third quarter of 2025, compared to $80.2 million, or $0.50 per diluted share, for the …
Read attachment ↗ef20057545_ex99-2.htm · 8-K · 2025-10-23
EX-99.2 3 ef20057545_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Financial ResultsThird Quarter 2025October 23, 2025 Forward Looking Statements This presentation contains “forward-looking statements” concerning the Corporation’s future economic, operational and financial performance. The words or phrases “expect,” “anticipate,” “intend,” “should,” “would,” “will,” “plans,” “forecast,” “believe” and similar expressions are meant to identify “forward-looking statements” within the meaning of Sectio…
Read attachment ↗ef20052288_ex99-1.htm · 8-K · 2025-07-22
EX-99.1 2 ef20052288_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FIRST BANCORP. ANNOUNCES EARNINGS FOR THE QUARTER ENDED JUNE 30, 2025 SAN JUAN, Puerto Rico - July 22, 2025 - First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $80.2 million, or $0.50 per diluted share, for the second quarter of 2025, compared to $77.1 million, or $0.47 per diluted share, for the first qua…
Read attachment ↗ef20052288_ex99-2.htm · 8-K · 2025-07-22
EX-99.2 3 ef20052288_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Financial ResultsSecond Quarter 2025July 22, 2025 Forward Looking Statements This presentation contains “forward-looking statements” concerning the Corporation’s future economic, operational and financial performance. The words or phrases “expect,” “anticipate,” “intend,” “should,” “would,” “will,” “plans,” “forecast,” “believe” and similar expressions are meant to identify “forward-looking statements” within the meaning of Section …
Read attachment ↗ef20047827_ex99-1.htm · 8-K · 2025-04-24
EX-99.1 2 ef20047827_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FIRST BANCORP. ANNOUNCES EARNINGS FOR THE QUARTER ENDED MARCH 31, 2025 SAN JUAN, Puerto Rico - April 24, 2025 - First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $77.1 million, or $0.47 per diluted share, for the first quarter of 2025, compared to $75.7 million, or $0.46 per diluted share, for the fourth q…
Read attachment ↗