First Bancorp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	462.31	441.18	418.85	278.19	219.01
Interest Income on Investments	94.93	78.06	70.09	62.93	36.91
Total Interest Income	557.24	519.24	488.94	341.12	255.92
Interest Paid on Deposits	152.52	172.09	114.87	11.35	7.88
Interest Paid on Borrowings	6.47	14.88	27.24	4.75	1.64
Total Interest Expense	158.99	186.97	142.1	16.1	9.52
Net Interest Income	398.25	332.27	346.84	325.02	246.4
Net Interest Income Growth (YoY)	19.86%	-4.20%	6.72%	31.91%	12.96%
Mortgage Banking Activities	1.82	2.29	1.61	2.1	10.98
Gain (Loss) on Sale of Investments	-71.63	-37.98	-	-	-1.24
Other Non-Interest Income	44.56	33.34	36.4	35.33	44.23
Total Non-Interest Income	-7.94	17.9	57.31	57.88	73.61
Non-Interest Income Growth (YoY)	-	-68.77%	-0.99%	-21.38%	-9.51%
Revenues Before Loan Losses	390.31	350.17	404.15	382.89	320.01
Provision for Loan Losses	11.5	16.45	17.81	12.4	15.03
Revenue	378.81	333.72	386.34	370.49	304.98
Revenue Growth (YoY)	13.51%	-13.62%	4.28%	21.48%	15.33%
Salaries and Employee Benefits	144.18	135.72	135.25	114.72	100.98
Occupancy Expenses	20.44	17.48	17.89	15.7	6.2
Amortization of Goodwill & Intangibles	5.67	6.6	8	3.68	3.53
Selling, General & Administrative	-	10.22	11.76	8.93	14.67
Other Non-Interest Expense	69.02	65.09	67.26	46.73	42.43
Total Non-Interest Expense	239.31	235.61	240.68	190.15	167.81
EBT Excluding Unusual Items	139.5	98.12	145.65	180.34	137.16
Pretax Income	139.5	98.12	131.96	185.22	120.32
Income Tax Expense	28.45	21.9	27.83	38.28	24.68
Net Income	111.05	76.22	104.13	146.94	95.64
Preferred Dividends & Other Adjustments	-	0.39	0.69	0.78	0.48
Net Income to Common	111.05	75.82	103.45	146.16	95.16
Net Income Growth	45.70%	-26.81%	-29.13%	53.63%	17.39%
Basic Shares Outstanding	41	41	41	35	30
Diluted Shares Outstanding	41	41	41	36	30
Shares Change (YoY)	0.30%	0.39%	15.39%	18.81%	3.61%
EPS (Basic)	2.68	1.85	2.54	4.12	3.19
EPS (Diluted)	2.68	1.84	2.53	4.12	3.19
EPS Growth	45.32%	-27.10%	-38.58%	29.31%	13.30%
Dividend Per Share	0.910	0.880	0.880	0.880	0.800
Dividend Growth	3.41%	-	-	10.00%	11.11%
Effective Tax Rate	20.40%	22.32%	21.09%	20.67%	20.51%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q