First BanCorp. (FRA:OLWN)

First BanCorp. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	988.05	965.47	890.56	747.9	719.15	631.05
Interest Income on Investments	129.68	129.68	132.92	114.71	75.56	61.94
Total Interest Income	1,118	1,095	1,023	862.61	794.71	692.98
Interest Paid on Deposits	227.72	253.11	185.46	46.36	41.48	68.39
Interest Paid on Borrowings	34.57	34.57	40.92	20.96	23.3	24.27
Total Interest Expense	262.29	287.67	226.38	67.32	64.78	92.66
Net Interest Income	855.44	807.48	797.11	795.29	729.93	600.32
Net Interest Income Growth (YoY)	7.62%	1.30%	0.23%	8.96%	21.59%	5.86%
Mortgage Banking Activities	13.11	12.73	10.58	15.19	24.87	22.33
Gain (Loss) on Sale of Assets	0.1	0.1	3.51	0.92	0.03	0.22
Gain (Loss) on Sale of Investments	-0.02	-0.02	0.02	-0.52	-0.1	13.24
Other Non-Interest Income	79.09	80.66	74.95	69.61	60.4	45.95
Total Non-Interest Income	131.24	132.29	127.1	123.03	120.49	106.34
Non-Interest Income Growth (YoY)	-0.39%	4.08%	3.31%	2.10%	13.31%	18.21%
Revenues Before Loan Losses	986.68	939.77	924.21	918.32	850.42	706.66
Provision for Loan Losses	83.89	59.92	60.94	27.7	-65.7	170.99
Revenue	902.79	879.85	863.27	890.62	916.12	535.68
Revenue Growth (YoY)	3.91%	1.92%	-3.07%	-2.78%	71.02%	-12.30%
Salaries and Employee Benefits	232.9	226.99	215.06	200.63	194.93	170.18
Occupancy Expenses	71.78	70.33	68.61	69.88	72.45	58.91
Federal Deposit Insurance	7.84	8.72	8.56	6.15	6.54	6.49
Selling, General & Administrative	98.38	102.69	99.13	98.61	108.34	91.89
Other Non-Interest Expense	85.54	84.73	80.9	73.67	79.74	62.68
Total Non-Interest Expense	494.69	485.97	465.12	443.11	459.84	393.75
EBT Excluding Unusual Items	408.1	393.87	398.15	447.52	456.28	141.93
Asset Writedown	-0.04	-0.04	0.01	0.07	0.12	-0.21
Legal Settlements	-	-	3.6	-	-	-
Other Unusual Items	-1.1	-1.1	-4.71	-	-2.7	-5.04
Pretax Income	405.44	391.21	397.44	447.58	427.82	116.32
Income Tax Expense	71.97	92.48	94.57	142.51	146.79	14.05
Net Income	333.47	298.72	302.86	305.07	281.03	102.27
Preferred Dividends & Other Adjustments	-	-	-	-	3.69	2.68
Net Income to Common	333.47	298.72	302.86	305.07	277.34	99.6
Net Income Growth	10.23%	-1.37%	-0.72%	8.56%	174.78%	-38.90%
Basic Shares Outstanding	162	165	177	191	210	217
Diluted Shares Outstanding	162	165	177	192	211	218
Shares Change (YoY)	-2.89%	-6.72%	-7.70%	-9.15%	-2.93%	0.25%
EPS (Basic)	2.06	1.82	1.72	1.60	1.32	0.46
EPS (Diluted)	2.05	1.81	1.71	1.59	1.31	0.46
EPS Growth	13.12%	5.85%	7.55%	21.37%	185.29%	-39.58%
Dividend Per Share	0.700	0.640	0.560	0.460	0.310	0.200
Dividend Growth	12.90%	14.29%	21.74%	48.39%	55.00%	42.86%
Effective Tax Rate	17.75%	23.64%	23.80%	31.84%	34.31%	12.08%

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