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	Sep '26 Sep 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	999.54	979.14	965.47	890.56	747.9	719.15
Interest Income on Investments	144.02	144.02	129.68	132.92	114.71	75.56
Total Interest Income	1,144	1,123	1,095	1,023	862.61	794.71
Interest Paid on Deposits	226.65	237.68	253.11	185.46	46.36	41.48
Interest Paid on Borrowings	16.53	16.53	34.57	40.92	20.96	23.3
Total Interest Expense	243.18	254.22	287.67	226.38	67.32	64.78
Net Interest Income	900.38	868.94	807.48	797.11	795.29	729.93
Net Interest Income Growth	5.25%	7.61%	1.30%	0.23%	8.96%	21.59%
Mortgage Banking Activities	15.68	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	85.07	78.56	77.61	74.95	69.61	60.4
Total Non-Interest Income	140.41	131.88	129.2	127.11	123.03	120.49
Non-Interest Income Growth	9.52%	2.07%	1.64%	3.32%	2.10%	13.31%
Revenues Before Loan Losses	1,041	1,001	936.68	924.22	918.32	850.42
Provision for Loan Losses	72.21	85.96	59.92	60.94	27.7	-65.7
Revenue	968.58	914.86	876.76	863.28	890.62	916.12
Revenue Growth	7.65%	4.35%	1.56%	-3.07%	-2.78%	71.02%
Salaries and Employee Benefits	246.12	235.06	226.99	215.06	200.63	194.93
Occupancy Expenses	70.57	71.21	70.33	68.61	69.88	72.45
Federal Deposit Insurance	8.44	8.77	8.72	8.56	6.15	6.54
Selling, General & Administrative	105.59	101.54	102.69	99.13	98.61	108.34
Other Non-Interest Expense	85.28	84.18	84.73	80.9	73.67	79.74
Total Non-Interest Expense	512.62	499.22	485.97	465.12	443.11	459.84
EBT Excluding Unusual Items	455.96	415.64	390.78	398.16	447.52	456.28
Asset Writedown	-	-	-	-	0.07	0.12
Legal Settlements	-	-	-	3.6	-	-
Other Unusual Items	1.1	1.1	-1.1	-4.71	-	-2.7
Pretax Income	457.06	416.73	391.21	397.44	447.58	427.82
Income Tax Expense	88.91	71.87	92.48	94.57	142.51	146.79
Net Income	368.15	344.87	298.72	302.86	305.07	281.03
Preferred Dividends & Other Adjustments	-	-	-	-	-	3.69
Net Income to Common	368.15	344.87	298.72	302.86	305.07	277.34
Net Income Growth	10.40%	15.45%	-1.37%	-0.72%	10.00%	178.46%
Basic Shares Outstanding	154	160	165	177	191	210
Diluted Shares Outstanding	155	161	165	177	192	211
Shares Change	-4.52%	-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)	2.38	2.15	1.81	1.71	1.59	1.31
EPS Growth	16.12%	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	Sep '26 Sep 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	0.780	0.720	0.640	0.560	0.460	0.310
Dividend Growth	11.43%	12.50%	14.29%	21.74%	48.39%	55.00%
Effective Tax Rate	19.45%	17.25%	23.64%	23.80%	31.84%	34.31%

SEC Filings: 10-K · 10-Q