First BanCorp. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	981.65	979.14	965.47	890.56	747.9	719.15
Interest Income on Investments	153.81	144.02	129.68	132.92	114.71	75.56
Total Interest Income	1,135	1,123	1,095	1,023	862.61	794.71
Interest Paid on Deposits	232.67	237.68	253.11	185.46	46.36	41.48
Interest Paid on Borrowings	12.02	16.53	34.57	40.92	20.96	23.3
Total Interest Expense	244.69	254.22	287.67	226.38	67.32	64.78
Net Interest Income	890.77	868.94	807.48	797.11	795.29	729.93
Net Interest Income Growth	6.10%	7.61%	1.30%	0.23%	8.96%	21.59%
Mortgage Banking Activities	15.3	14.11	12.68	10.59	15.19	24.87
Gain (Loss) on Sale of Assets	0.02	0.02	0.1	3.51	0.92	0.03
Gain (Loss) on Sale of Investments	0.13	0.13	-0.02	0.02	-0.52	-0.1
Other Non-Interest Income	83.68	78.56	77.61	74.95	69.61	60.4
Total Non-Interest Income	138.61	131.88	129.2	127.11	123.03	120.49
Non-Interest Income Growth	6.74%	2.07%	1.64%	3.32%	2.10%	13.31%
Revenues Before Loan Losses	1,029	1,001	936.68	924.22	918.32	850.42
Provision for Loan Losses	75.17	85.96	59.92	60.94	27.7	-65.7
Revenue	954.21	914.86	876.76	863.28	890.62	916.12
Revenue Growth	7.47%	4.35%	1.56%	-3.07%	-2.78%	71.02%
Salaries and Employee Benefits	241.05	235.06	226.99	215.06	200.63	194.93
Occupancy Expenses	70.45	71.21	70.33	68.61	69.88	72.45
Federal Deposit Insurance	8.61	8.77	8.72	8.56	6.15	6.54
Selling, General & Administrative	106.3	101.54	102.69	99.13	98.61	108.34
Other Non-Interest Expense	82.55	84.18	84.73	80.9	73.67	79.74
Total Non-Interest Expense	507.38	499.22	485.97	465.12	443.11	459.84
EBT Excluding Unusual Items	446.83	415.64	390.78	398.16	447.52	456.28
Asset Writedown	-	-	-	-	0.07	0.12
Legal Settlements	-	-	-	3.6	-	-
Other Unusual Items	1.19	1.1	-1.1	-4.71	-	-2.7
Pretax Income	448.02	416.73	391.21	397.44	447.58	427.82
Income Tax Expense	75.46	71.87	92.48	94.57	142.51	146.79
Net Income	372.56	344.87	298.72	302.86	305.07	281.03
Preferred Dividends & Other Adjustments	-	-	-	-	-	3.69
Net Income to Common	372.56	344.87	298.72	302.86	305.07	277.34
Net Income Growth	21.49%	15.45%	-1.37%	-0.72%	10.00%	178.46%
Basic Shares Outstanding	156	160	165	177	191	210
Diluted Shares Outstanding	157	161	165	177	192	211
Shares Change	-3.83%	-2.74%	-6.72%	-7.70%	-9.15%	-2.93%
EPS (Basic)	2.39	2.16	1.82	1.72	1.60	1.32
EPS (Diluted)	2.37	2.15	1.81	1.71	1.59	1.31
EPS Growth	26.20%	18.79%	5.85%	7.55%	21.37%	185.29%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Dividend Per Share	0.760	0.720	0.640	0.560	0.460	0.310
Dividend Growth	11.77%	12.50%	14.29%	21.74%	48.39%	55.00%
Effective Tax Rate	16.84%	17.25%	23.64%	23.80%	31.84%	34.31%

SEC Filings: 10-K · 10-Q