First BanCorp. (FRA:OLWN)

First BanCorp. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	1,123	965.47	890.56	747.9	719.15
Interest Income on Investments	-	129.68	132.92	114.71	75.56
Total Interest Income	1,123	1,095	1,023	862.61	794.71
Interest Paid on Deposits	254.22	253.11	185.46	46.36	41.48
Interest Paid on Borrowings	-	34.57	40.92	20.96	23.3
Total Interest Expense	254.22	287.67	226.38	67.32	64.78
Net Interest Income	868.94	807.48	797.11	795.29	729.93
Net Interest Income Growth (YoY)	7.61%	1.30%	0.23%	8.96%	21.59%
Mortgage Banking Activities	14.11	12.73	10.58	15.19	24.87
Gain (Loss) on Sale of Assets	-	0.1	3.51	0.92	0.03
Gain (Loss) on Sale of Investments	-	-0.02	0.02	-0.52	-0.1
Other Non-Interest Income	78.7	80.66	74.95	69.61	60.4
Total Non-Interest Income	131.88	132.29	127.1	123.03	120.49
Non-Interest Income Growth (YoY)	-0.31%	4.08%	3.31%	2.10%	13.31%
Revenues Before Loan Losses	1,001	939.77	924.21	918.32	850.42
Provision for Loan Losses	85.96	59.92	60.94	27.7	-65.7
Revenue	914.86	879.85	863.27	890.62	916.12
Revenue Growth (YoY)	3.98%	1.92%	-3.07%	-2.78%	71.02%
Salaries and Employee Benefits	245.15	226.99	215.06	200.63	194.93
Occupancy Expenses	88.91	70.33	68.61	69.88	72.45
Federal Deposit Insurance	7.67	8.72	8.56	6.15	6.54
Selling, General & Administrative	64.71	102.69	99.13	98.61	108.34
Other Non-Interest Expense	93.21	84.73	80.9	73.67	79.74
Total Non-Interest Expense	498.12	485.97	465.12	443.11	459.84
EBT Excluding Unusual Items	416.73	393.87	398.15	447.52	456.28
Asset Writedown	-	-0.04	0.01	0.07	0.12
Legal Settlements	-	-	3.6	-	-
Other Unusual Items	-	-1.1	-4.71	-	-2.7
Pretax Income	416.73	391.21	397.44	447.58	427.82
Income Tax Expense	71.87	92.48	94.57	142.51	146.79
Net Income	344.87	298.72	302.86	305.07	281.03
Preferred Dividends & Other Adjustments	-	-	-	-	3.69
Net Income to Common	344.87	298.72	302.86	305.07	277.34
Net Income Growth	15.45%	-1.37%	-0.72%	8.56%	174.78%
Basic Shares Outstanding	160	165	177	191	210
Diluted Shares Outstanding	161	165	177	192	211
Shares Change (YoY)	-2.74%	-6.72%	-7.70%	-9.15%	-2.93%
EPS (Basic)	2.16	1.82	1.72	1.60	1.32
EPS (Diluted)	2.15	1.81	1.71	1.59	1.31
EPS Growth	18.79%	5.85%	7.55%	21.37%	185.29%
Dividend Per Share	0.720	0.640	0.560	0.460	0.310
Dividend Growth	12.50%	14.29%	21.74%	48.39%	55.00%
Effective Tax Rate	17.25%	23.64%	23.80%	31.84%	34.31%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.