First BanCorp is a publicly traded financial holding company located in San Juan, Puerto Rico.3 Its shares trade on NYSE under the symbol FBP.1Wikipedia text CC BY-SA 4.0
Revenue1112131410$1.0B in 2025+52% since 2019Net income1112131410$344.9M in 2025+106% since 2019
Revenue1516$264.9M in Q2 FY2026+2% since Q1 FY2026Net income1516$96.2M in Q2 FY2026+8% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.10
Period ending
2025-12-31
2024-12-31
2023-12-31
Loans
$979.1M
$965.5M
$890.6M
Investment securities
$102.9M
$92.6M
$102.5M
Money market investments and interest-bearing cash accounts
$41.1M
$37.1M
$30.4M
Total interest and dividend income
$1.1B
$1.1B
$1.0B
Deposits
$237.7M
$253.1M
$185.5M
Short-term borrowings
$86.0K
$18.0K
$7.6M
Long-term borrowings
$16.4M
$34.5M
$33.3M
Total interest expense
$254.2M
$287.7M
$226.4M
Net interest income
$868.9M
$807.5M
$797.1M
Loans and finance leases
$85.9M
$62.9M
$66.6M
Unfunded loan commitments
-$130.0K
-$1.5M
$365.0K
Debt securities
$185.0K
-$1.4M
-$6.1M
Provision for credit losses - expense
$86.0M
$59.9M
$60.9M
Net interest income after provision for credit losses
$783.0M
$747.6M
$736.2M
Service charges and fees on deposit accounts
$39.1M
$38.8M
$38.0M
Mortgage banking activities
$14.1M
$12.7M
$10.6M
Gain on early extinguishment of debt
$0
$0
$1.6M
Insurance commission income
$13.2M
$13.6M
$12.8M
Card and processing income
$47.4M
$46.8M
$43.9M
Other non-interest income
$18.1M
$18.9M
$25.8M
Total non-interest income
$131.9M
$130.7M
$132.7M
Employees' compensation and benefits
$245.2M
$235.7M
$222.9M
Occupancy and equipment
$88.9M
$88.4M
$85.9M
Business promotion
$16.6M
$17.6M
$19.6M
Professional service fees
$48.1M
$49.5M
$45.8M
Taxes, other than income taxes
$24.0M
$22.2M
$21.2M
Federal Deposit Insurance Corporation (FDIC) deposit insurance
$7.7M
$9.8M
$14.9M
Net gain on OREO operations
-$1.5M
-$7.5M
-$7.1M
Credit and debit card processing expenses
$28.5M
$27.6M
$26.0M
Communications
$9.0M
$8.8M
$8.6M
Other non-interest expenses
$31.8M
$34.9M
$33.7M
Total non-interest expenses
$498.1M
$487.1M
$471.4M
Income before income taxes
$416.7M
$391.2M
$397.4M
Income tax expense
$71.9M
$92.5M
$94.6M
Net income
$344.9M
$298.7M
$302.9M
Net income attributable to common stockholders
$344.9M
$298.7M
$302.9M
Basic
$2.16
$1.82
$1.72
Diluted
$2.15
$1.81
$1.71
No quarter-by-quarter statement was filed.
Total assets171112131410$19.1B in 2025+52% since 2019Total liabilities171112131410$17.2B in 2025+65% since 2019Shareholders’ equity1112131410$2.0B in 2025−12% since 2019Cash1110$658.6M in 2025+2% since 2019Long-term debt1410$290.0M in 2025−56% since 2023
Total assets1516$19.2B in Q2 FY2026+1% since Q1 FY2025Total liabilities1516$17.3B in Q2 FY2026+1% since Q1 FY2025Shareholders’ equity1516$2.0B in Q2 FY2026+1% since Q1 FY2025Cash1516$561.3M in Q2 FY2026−15% since Q1 FY2025Long-term debt1516$200.0M in Q2 FY2026−31% since Q1 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.10
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and due from banks
$657.1M
$1.2B
$661.9M
Time deposits with other financial institutions
$750.0K
$500.0K
Other short-term investments
$700.0K
$700.0K
Total money market investments
$1.4M
$1.2M
$1.2M
Available-for-sale debt securities, at fair value (amortized cost of $4,901,982 as of December 31, 2025 and $5,125,408 as of December 31, 2024; ACL of $763 as of December 31, 2025 and $521 as of December 31, 2024)
$4.6B
$4.6B
Held-to-maturity debt securities, at amortized cost, net of ACL of $733 as of December 31, 2025 and $802 as of December 31, 2024 (fair value of $262,055 as of December 31, 2025 and $308,040 as of December 31, 2024)
$264.6M
$317.0M
Equity securities
$44.8M
$52.0M
Total investment securities
$4.9B
$4.9B
Loans held for investment, net of ACL of $249,037 as of December 31, 2025 and $243,942 as of December 31, 2024
$12.9B
$12.5B
Mortgage loans held for sale, at lower of cost or market
$16.7M
$15.3M
Total loans, net
$12.9B
$12.5B
Accrued interest receivable on loans and investments
$71.4M
$71.9M
Premises and equipment, net
$126.9M
$133.4M
Other real estate owned (OREO)
$7.5M
$17.3M
Deferred tax asset, net
$149.0M
$136.4M
Goodwill
$38.6M
$38.6M
Other intangible assets
$3.5M
$7.0M
Other assets
$321.1M
$276.8M
Total assets
$19.1B
$19.3B
Non-interest-bearing deposits
$5.5B
$5.5B
Interest-bearing deposits
$11.1B
$11.3B
Total deposits
$16.7B
$16.9B
Long-term borrowings
$290.0M
$561.7M
Accounts payable and other liabilities
$205.9M
$190.7M
Total liabilities
$17.2B
$17.6B
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 156,618,996 shares outstanding as of December 31, 2025 and 163,868,877 shares outstanding as of December 31, 2024
$22.4M
$22.4M
Additional paid-in capital
$963.5M
$965.0M
Retained earnings, includes legal surplus reserve of $262,534 as of December 31, 2025 and $230,178 as of December 31, 2024
$2.3B
$2.0B
Treasury stock (at cost), 67,044,120 shares as of December 31, 2025 and 59,794,239 shares as of December 31, 2024
-$932.5M
-$790.4M
Accumulated other comprehensive loss, net of tax of $7,986 as of December 31, 2025 and $8,221 as of December 31, 2024
Available-for-sale debt securities, at fair value (amortized cost of $4,901,982 as of December 31, 2025 and $5,125,408 as of December 31, 2024; ACL of $763 as of December 31, 2025 and $521 as of December 31, 2024)
$4.6B
$4.6B
Held-to-maturity debt securities, at amortized cost, net of ACL of $733 as of December 31, 2025 and $802 as of December 31, 2024 (fair value of $262,055 as of December 31, 2025 and $308,040 as of December 31, 2024)
$264.6M
$317.0M
Equity securities
$44.8M
$52.0M
Total investment securities
$4.9B
$4.9B
Loans held for investment, net of ACL of $249,037 as of December 31, 2025 and $243,942 as of December 31, 2024
$12.9B
$12.5B
Mortgage loans held for sale, at lower of cost or market
$16.7M
$15.3M
Total loans, net
$12.9B
$12.5B
Accrued interest receivable on loans and investments
$71.4M
$71.9M
Premises and equipment, net
$126.9M
$133.4M
Other real estate owned (OREO)
$7.5M
$17.3M
Deferred tax asset, net
$149.0M
$136.4M
Goodwill
$38.6M
$38.6M
Other intangible assets
$3.5M
$7.0M
Other assets
$321.1M
$276.8M
Total assets
$19.1B
$19.3B
Non-interest-bearing deposits
$5.5B
$5.5B
Interest-bearing deposits
$11.1B
$11.3B
Total deposits
$16.7B
$16.9B
Long-term borrowings
$290.0M
$561.7M
Accounts payable and other liabilities
$205.9M
$190.7M
Total liabilities
$17.2B
$17.6B
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 156,618,996 shares outstanding as of December 31, 2025 and 163,868,877 shares outstanding as of December 31, 2024
$22.4M
$22.4M
Additional paid-in capital
$963.5M
$965.0M
Retained earnings, includes legal surplus reserve of $262,534 as of December 31, 2025 and $230,178 as of December 31, 2024
$2.3B
$2.0B
Treasury stock (at cost), 67,044,120 shares as of December 31, 2025 and 59,794,239 shares as of December 31, 2024
-$932.5M
-$790.4M
Accumulated other comprehensive loss, net of tax of $7,986 as of December 31, 2025 and $8,221 as of December 31, 2024
Cash from operations1112131410$448.6M in 2025+52% since 2019Capital spending1112131410$11.0M in 2025−51% since 2019Free cash flow1112131410$437.5M in 2025+61% since 2019Dividends paid1112131410$115.5M in 2025+281% since 2019Share buybacks1112131410$153.7M in 2025+7744% since 2019
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.10
Period ending
2025-12-31
2024-12-31
2023-12-31
Net income
$344.9M
$298.7M
$302.9M
Depreciation and amortization
$17.2M
$18.6M
$20.5M
Amortization of intangible assets
$3.5M
$6.4M
$7.7M
Provision for credit losses
$86.0M
$59.9M
$60.9M
Deferred income tax expense
-$12.4M
$14.1M
$6.1M
Stock-based compensation
$10.1M
$8.7M
$7.8M
Gain on early extinguishment of debt
$0
$0
-$1.6M
Unrealized gain on derivative instruments
-$829.0K
-$537.0K
-$301.0K
Net gain on disposals or sales, and impairments of premises and equipment and other assets
-$16.0K
-$103.0K
-$3.5M
Net gain on sales of loans and loans held-for-sale valuation adjustments
-$5.0M
-$3.4M
-$1.6M
Net amortization of discounts, premiums, and deferred loan fees and costs
-$668.0K
$344.0K
$1.2M
Originations and purchases of loans held for sale
-$170.6M
-$165.3M
-$147.5M
Sales and repayments of loans held for sale
$174.1M
$160.6M
$149.9M
Amortization of broker placement fees
$711.0K
$757.0K
$309.0K
Net amortization of premiums and discounts on investment securities
-$3.2M
$5.1M
$5.0M
Decrease (increase) in accrued interest receivable
-$11.1M
$5.6M
-$5.4M
Increase in accrued interest payable
$2.7M
$5.4M
$18.4M
Increase in other assets
$11.0M
-$10.5M
-$16.6M
(Decrease) increase in other liabilities
$2.2M
-$176.0K
-$41.3M
Net cash provided by operating activities
$448.6M
$404.1M
$363.0M
Net disbursements on loans held for investment
-$505.0M
-$705.4M
-$758.2M
Proceeds from sales of loans held for investment
$3.7M
$18.4M
$7.7M
Proceeds from sales of repossessed assets
$55.4M
$64.3M
$53.9M
Purchases of available-for-sale debt securities
-$1.9B
-$266.2M
-$5.5M
Proceeds from principal repayments and maturities of available-for-sale debt securities
$2.2B
$997.1M
$549.6M
Proceeds from principal repayments of held-to-maturity debt securities
$53.7M
$38.4M
$86.0M
Additions to premises and equipment
-$11.0M
-$10.0M
-$22.6M
Proceeds from sales of premises and equipment and other assets
$25.0K
$1.4M
$4.5M
Net (purchases) redemptions of equity securities
$7.4M
-$2.4M
$5.6M
Proceeds from the settlement of insurance claims - investing activities
$0
$670.0K
$483.0K
Net cash provided (used) by investing activities
-$170.4M
$136.2M
-$78.5M
Net increase (decrease) in deposits
-$239.9M
$260.8M
$471.0M
Net repayments of short-term borrowings
$0
$0
-$550.1M
Repayments of long-term borrowings
-$269.9M
-$97.0M
-$19.8M
Proceeds from long-term borrowings
$0
$0
$300.0M
Repurchase of outstanding common stock
-$153.7M
-$102.4M
-$203.2M
Dividends paid on common stock
-$115.5M
-$105.6M
-$99.7M
Net cash used in financing activities
-$779.0M
-$44.1M
-$101.9M
Net increase (decrease) in cash and cash equivalents
First BanCorp sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of First BanCorp
FMR LLCFiled SCHEDULE 13G/A on First BanCorp, latest Aug 6, 2026 (2 filings since Feb 9, 2024)
State Street CorporationFiled SC 13G/A on First BanCorp, latest Jan 24, 2024 (3 filings since Feb 11, 2022)
BlackRockFiled SC 13G/A on First BanCorp, latest Jan 22, 2024 (5 filings since Jan 26, 2022)
First BanCorpAbingdon, Virginia, United States
First Management of Subsidiary · Puerto Rico, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What First BanCorp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
FirstBank was the first Savings & Loan institution established in Puerto Rico with a capital of $200,000 in 1948. Today, the company provides financial services for retail, commercial and institutional clients in Puerto Rico, US Virgin Islands, British Virgin Islands and Florida. First BanCorp is headquartered in San Juan, Puerto Rico and is ranked the 669th and 1537th Largest Company In The World in Forbes magazine by Total Assets and Profits. On 2006 it had over $18.8 billion in assets.
As of May, 2016, First owed $124.97 million to the US government Troubled Asset Relief Program.
In October 2019, FirstBank announced their intention to purchase Banco Santander de Puerto Rico. The transaction was approved by regulators on July 28, 2020 and should be completed by September 1, 2020.
Oct 22, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.51 a share, on Oct 23, 2025.85
When it reported results
Apr 22, 2026Reported quarterly or annual results76
Jan 27, 2026Reported quarterly or annual results78
Oct 23, 2025Reported quarterly or annual results79
Jul 22, 2025Reported quarterly or annual results80
Apr 24, 2025Reported quarterly or annual results84
Jan 23, 2025Reported quarterly or annual results86
Oct 23, 2024Reported quarterly or annual results87
Jul 23, 2024Reported quarterly or annual results88
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
394 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 40 major events, 252 insider forms, 25 large holders, 56 other. The latest 20:
59 open-market trades by officers, directors and large owners since October 2021: 3 buys and 56 sales. Grants, option exercises and gifts are left out.
BlackRockSC 13G/A, 5 filings Jan 26, 2022 to Jan 22, 202497
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.