First BanCorp. (FBP)

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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	972.32	965.47	890.56	747.9	719.15	631.05
Interest Income on Investments	137.34	129.68	132.92	114.71	75.56	61.94
Total Interest Income	1,110	1,095	1,023	862.61	794.71	692.98
Interest Paid on Deposits	243.55	253.11	185.46	46.36	41.48	68.39
Interest Paid on Borrowings	26.53	34.57	40.92	20.96	23.3	24.27
Total Interest Expense	270.07	287.67	226.38	67.32	64.78	92.66
Net Interest Income	839.59	807.48	797.11	795.29	729.93	600.32
Net Interest Income Growth (YoY)	5.93%	1.30%	0.23%	8.96%	21.59%	5.86%
Mortgage Banking Activities	13	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	81.04	80.66	74.95	69.61	60.4	45.95
Total Non-Interest Income	132.95	132.29	127.1	123.03	120.49	106.34
Non-Interest Income Growth (YoY)	2.63%	4.08%	3.31%	2.10%	13.31%	18.21%
Revenues Before Loan Losses	972.54	939.77	924.21	918.32	850.42	706.66
Provision for Loan Losses	81.55	59.92	60.94	27.7	-65.7	170.99
Revenue	890.99	879.85	863.27	890.62	916.12	535.68
Revenue Growth (YoY)	1.81%	1.92%	-3.07%	-2.78%	71.02%	-12.30%
Salaries and Employee Benefits	231.19	226.99	215.06	200.63	194.93	170.18
Occupancy Expenses	72.02	70.33	68.61	69.88	72.45	58.91
Federal Deposit Insurance	8.87	8.72	8.56	6.15	6.54	6.49
Selling, General & Administrative	100.37	102.69	99.13	98.61	108.34	91.89
Other Non-Interest Expense	85.51	84.73	80.9	73.67	79.74	62.68
Total Non-Interest Expense	493.83	485.97	465.12	443.11	459.84	393.75
EBT Excluding Unusual Items	397.17	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	-4.71	-	-2.7	-5.04
Pretax Income	395.6	391.21	397.44	447.58	427.82	116.32
Income Tax Expense	88.93	92.48	94.57	142.51	146.79	14.05
Net Income	306.67	298.72	302.86	305.07	281.03	102.27
Preferred Dividends & Other Adjustments	-	-	-	-	3.69	2.68
Net Income to Common	306.67	298.72	302.86	305.07	277.34	99.6
Net Income Growth	-1.33%	-1.37%	-0.72%	8.56%	174.78%	-38.90%
Basic Shares Outstanding	162	165	177	191	210	217
Diluted Shares Outstanding	163	165	177	192	211	218
Shares Change (YoY)	-4.19%	-6.72%	-7.70%	-9.15%	-2.93%	0.25%
EPS (Basic)	1.89	1.82	1.72	1.60	1.32	0.46
EPS (Diluted)	1.88	1.81	1.71	1.59	1.31	0.46
EPS Growth	2.67%	5.85%	7.55%	21.37%	185.29%	-39.58%
Dividend Per Share	0.680	0.640	0.560	0.460	0.310	0.200
Dividend Growth	13.33%	14.29%	21.74%	48.39%	55.00%	42.86%
Effective Tax Rate	22.48%	23.64%	23.80%	31.84%	34.31%	12.08%

Updated Jul 22, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q