First Bancorp /Pr/
FBP NYSE State Commercial Banks Financials FY2016–FY2025
Last close · Oct 23, 2026
$27.42
0.4%
Revenue
Total sales reported in the income statement.
$1.3B
2.4%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
39.7%
0.0 pts
Net income
Profit after all expenses, interest and tax.
$345M
15.4%
Return on equity
Net income as a share of average shareholders' equity.
19.0%
0.1 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$4.2B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
11.6x
On $2.37 EPS (TTM)
What First Bancorp /Pr/ does
No business description yet.
- Legal name
- FIRST BANCORP /PR/
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Accession · CIK
- 0001057706-26-000007
0001057706
Revenue and margins
First Bancorp /Pr/ had $1.3B of revenue in fiscal 2025, up 2.4% on the year before.
FY16
Revenue $673M
FY17
Revenue $651M
FY18
Revenue $707M
FY19
Revenue $766M
FY20
Revenue $804M
FY21
Revenue $916M
FY22
Revenue $986M
FY23
Revenue $1.2B
FY24
Revenue $1.2B
FY25
Revenue $1.3B
Q3 '23
Revenue $230M
Q4 '23
Revenue $457M
Q1 '24
Revenue $231M
Q2 '24
Revenue $232M
Q3 '24
Revenue $235M
Q4 '24
Revenue $529M
Q1 '25
Revenue $248M
Q2 '25
Revenue $247M
Q3 '25
Revenue $249M
Q4 '25
Revenue $511M
Q1 '26
Revenue $259M
Q2 '26
Revenue $265M
FY16
Net interest share 71.9%
Efficiency ratio 52.7%
FY17
Net interest share 75.5%
Efficiency ratio 53.4%
FY18
Net interest share 74.3%
Efficiency ratio 50.6%
FY19
Net interest share 74.0%
Efficiency ratio 49.4%
FY20
Net interest share 74.6%
Efficiency ratio 52.8%
FY21
Net interest share 79.7%
Efficiency ratio 53.4%
FY22
Net interest share 80.7%
Efficiency ratio 45.0%
FY23
Net interest share 68.9%
Efficiency ratio 40.8%
FY24
Net interest share 65.9%
Efficiency ratio 39.7%
FY25
Net interest share 69.2%
Efficiency ratio 39.7%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 86.8%
Efficiency ratio 50.7%
Q4 '23
Net interest share 43.1%
Efficiency ratio 27.7%
Q1 '24
Net interest share 85.3%
Efficiency ratio 52.5%
Q2 '24
Net interest share 86.2%
Efficiency ratio 51.2%
Q3 '24
Net interest share 86.1%
Efficiency ratio 52.4%
Q4 '24
Net interest share 39.5%
Efficiency ratio 23.5%
Q1 '25
Net interest share 85.6%
Efficiency ratio 49.6%
Q2 '25
Net interest share 87.5%
Efficiency ratio 50.0%
Q3 '25
Net interest share 87.6%
Efficiency ratio 50.2%
Q4 '25
Net interest share 43.6%
Efficiency ratio 24.8%
Q1 '26
Net interest share 85.4%
Efficiency ratio 49.1%
Q2 '26
Net interest share 86.5%
Efficiency ratio 48.1%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 19.6% a year. Loss periods are shown in red.
FY16
Net income $93.2M
FY17
Net income $67.0M
FY18
Net income $202M
FY19
Net income $167M
FY20
Net income $102M
FY21
Net income $281M
FY22
Net income $305M
FY23
Net income $303M
FY24
Net income $299M
FY25
Net income $345M
Q3 '23
Net income $82.0M
Q4 '23
Net income $79.5M
Q1 '24
Net income $73.5M
Q2 '24
Net income $75.8M
Q3 '24
Net income $73.7M
Q4 '24
Net income $75.7M
Q1 '25
Net income $77.1M
Q2 '25
Net income $80.2M
Q3 '25
Net income $101M
Q4 '25
Net income $87.1M
Q1 '26
Net income $88.8M
Q2 '26
Net income $96.2M
FY16
Diluted EPS $0.43
FY17
Diluted EPS $0.30
FY18
Diluted EPS $0.92
FY19
Diluted EPS $0.76
FY20
Diluted EPS $0.46
FY21
Diluted EPS $1.31
FY22
Diluted EPS $1.59
FY23
Diluted EPS $1.71
FY24
Diluted EPS $1.81
FY25
Diluted EPS $2.15
Q3 '23
Diluted EPS $0.46
Q4 '23
Diluted EPS $0.47
Q1 '24
Diluted EPS $0.44
Q2 '24
Diluted EPS $0.46
Q3 '24
Diluted EPS $0.45
Q4 '24
Diluted EPS $0.46
Q1 '25
Diluted EPS $0.47
Q2 '25
Diluted EPS $0.50
Q3 '25
Diluted EPS $0.63
Q4 '25
Diluted EPS $0.55
Q1 '26
Diluted EPS $0.57
Q2 '26
Diluted EPS $0.62
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 5.2%
ROTE 5.3%
Efficiency ratio 52.7%
FY17
ROE 3.7%
ROTE 3.5%
Efficiency ratio 53.4%
FY18
ROE 10.3%
ROTE 9.9%
Efficiency ratio 50.6%
FY19
ROE 7.8%
ROTE 7.5%
Efficiency ratio 49.4%
FY20
ROE 4.5%
ROTE 4.5%
Efficiency ratio 52.8%
FY21
ROE 12.8%
ROTE 13.6%
Efficiency ratio 53.4%
FY22
ROE 17.8%
ROTE 24.1%
Efficiency ratio 45.0%
FY23
ROE 21.5%
ROTE 21.0%
Efficiency ratio 40.8%
FY24
ROE 18.9%
ROTE 18.4%
Efficiency ratio 39.7%
FY25
ROE 19.0%
ROTE 17.9%
Efficiency ratio 39.7%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
First Bancorp /Pr/ returned $269M to shareholders in fiscal 2025, 62% of free cash flow. The diluted share count fell 2.7%.
FY16
Dividends $0.2M
Buybacks $1.1M
FY17
Dividends $2.7M
Buybacks $2.5M
FY18
Dividends $6.5M
Buybacks $2.8M
FY19
Dividends $30.4M
Buybacks $2.0M
FY20
Dividends $43.4M
Buybacks $0.2M
FY21
Dividends $65.0M
Buybacks $217M
FY22
Dividends $87.8M
Buybacks $278M
FY23
Dividends $99.7M
Buybacks $203M
FY24
Dividends $106M
Buybacks $102M
FY25
Dividends $116M
Buybacks $154M
Dividends
Buybacks
Q3 '23
Dividends $24.7M
Buybacks $73.7M
Q4 '23
Dividends $23.8M
Buybacks $76.3M
Q1 '24
Dividends $26.6M
Buybacks $52.4M
Q2 '24
Dividends $26.8M
Buybacks $49.2M
Q3 '24
Dividends $26.0M
Buybacks $0.8M
Q4 '24
Dividends $26.1M
Buybacks $0.0M
Q1 '25
Dividends $29.3M
Buybacks $24.9M
Q2 '25
Dividends $29.7M
Buybacks $28.7M
Q3 '25
Dividends $28.5M
Buybacks $50.1M
Q4 '25
Dividends $28.0M
Buybacks $50.0M
Q1 '26
Dividends $32.1M
Buybacks $54.6M
Q2 '26
Dividends $31.0M
Buybacks $50.3M
Dividends
Buybacks
FY16
Diluted shares 0.00B
FY17
Diluted shares 0.00B
FY18
Diluted shares 0.00B
FY19
Diluted shares 0.00B
FY20
Diluted shares 0.22B
FY21
Diluted shares 0.21B
FY22
Diluted shares 0.19B
FY23
Diluted shares 0.18B
FY24
Diluted shares 0.17B
FY25
Diluted shares 0.16B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $8.7B
Deposits $8.8B
FY17
Loans $8.6B
Deposits $9.0B
FY18
Loans $8.7B
Deposits $9.0B
FY19
Loans $8.8B
Deposits $9.3B
FY20
Loans $11.4B
Deposits $15.3B
FY21
Loans $10.8B
Deposits $17.8B
FY22
Loans $11.3B
Deposits $16.1B
FY23
Loans $11.9B
Deposits $16.6B
FY24
Loans $12.5B
Deposits $16.9B
FY25
Loans $12.9B
Deposits $16.7B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $10.8B | $11.3B | $11.9B | $12.5B | $12.9B |
| Deposits | $17.8B | $16.1B | $16.6B | $16.9B | $16.7B |
| Loans / deposits | 60.7% | 70.0% | 72.0% | 74.1% | 77.2% |
| Total assets | $20.8B | $18.6B | $18.9B | $19.3B | $19.1B |
| Shareholders' equity | $2.1B | $1.3B | $1.5B | $1.7B | $2.0B |
| Goodwill | $38.6M | $38.6M | $38.6M | $38.6M | $38.6M |
| Intangible assets | $29.9M | $21.1M | $13.4M | $7.0M | $3.5M |
| Provision / loans | −0.6% | 0.2% | 0.5% | 0.5% | 0.7% |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $673M | $651M | $707M | $766M | $804M | $916M | $986M | $1.2B | $1.2B | $1.3B |
| Net interest income | $484M | $492M | $525M | $567M | $600M | $730M | $795M | $797M | $807M | $869M |
| Noninterest income | $88.0M | $62.4M | $82.3M | $90.6M | $111M | $121M | $123M | $133M | $131M | $132M |
| Noninterest expense | $355M | $348M | $358M | $378M | $424M | $489M | $443M | $471M | $487M | $498M |
| Provision for credit losses | $86.7M | $144M | $59.0M | $39.8M | $171M | −$65.7M | $27.7M | $60.9M | $59.9M | $86.0M |
| Interest expense | $101M | $96.9M | $99.6M | $109M | $92.7M | $64.8M | $67.3M | $226M | — | — |
| Pretax income | $130M | $62.0M | $191M | $239M | $116M | $428M | $448M | $397M | $391M | $417M |
| Income tax | −$37.0M | −$5.0M | −$11.0M | $72.0M | $14.1M | $147M | $143M | $94.6M | $92.5M | $71.9M |
| Net income | $93.2M | $67.0M | $202M | $167M | $102M | $281M | $305M | $303M | $299M | $345M |
| Net income to common | $93.0M | $64.3M | $199M | $165M | $99.6M | $277M | $305M | $303M | $299M | $345M |
| Diluted EPS | $0.43 | $0.30 | $0.92 | $0.76 | $0.46 | $1.31 | $1.59 | $1.71 | $1.81 | $2.15 |
| Diluted shares | 0.00B | 0.00B | 0.00B | 0.00B | 0.22B | 0.21B | 0.19B | 0.18B | 0.17B | 0.16B |
| Cash flow | ||||||||||
| Cash from operations | $199M | $236M | $288M | $294M | $298M | $400M | $440M | $363M | $404M | $449M |
| Capital expenditure | $10.4M | $9.4M | $20.5M | $22.5M | $16.1M | $13.3M | $20.5M | $22.6M | $10.0M | $11.0M |
| Free cash flow | $189M | $227M | $268M | $272M | $282M | $386M | $420M | $340M | $394M | $438M |
| Depreciation and amortization | $17.6M | $16.4M | $15.0M | $17.6M | $20.1M | $25.0M | $22.3M | $20.5M | $18.6M | $17.2M |
| Stock-based compensation | $6.9M | $7.3M | $5.8M | $3.9M | $5.1M | $5.5M | $5.4M | $7.8M | $8.7M | $10.1M |
| Share buybacks | $1.1M | $2.5M | $2.8M | $2.0M | $0.2M | $217M | $278M | $203M | $102M | $154M |
| Dividends paid | $0.2M | $2.7M | $6.5M | $30.4M | $43.4M | $65.0M | $87.8M | $99.7M | $106M | $116M |
| Dividends and buybacks | $1.4M | $5.2M | $9.3M | $32.3M | $43.6M | $282M | $366M | $303M | $208M | $269M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $300M | $716M | $586M | $644M | $1.5B | $2.5B | $481M | $663M | $1.2B | $659M |
| Total debt | — | — | — | — | — | — | — | $662M | $562M | $290M |
| Finance lease liabilities | — | — | — | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Loans, net | $8.7B | $8.6B | $8.7B | $8.8B | $11.4B | $10.8B | $11.3B | $11.9B | $12.5B | $12.9B |
| Deposits | $8.8B | $9.0B | $9.0B | $9.3B | $15.3B | $17.8B | $16.1B | $16.6B | $16.9B | $16.7B |
| Property and equipment, net | $151M | $142M | $148M | $150M | $158M | $146M | $143M | $142M | $133M | $127M |
| Goodwill | $28.1M | $28.1M | $28.1M | $28.1M | $38.6M | $38.6M | $38.6M | $38.6M | $38.6M | $38.6M |
| Intangible assets | — | — | $10.7M | $7.6M | $40.9M | $29.9M | $21.1M | $13.4M | $7.0M | $3.5M |
| Total assets | $11.9B | $12.3B | $12.2B | $12.6B | $18.8B | $20.8B | $18.6B | $18.9B | $19.3B | $19.1B |
| Total liabilities | $10.1B | $10.4B | $10.2B | $10.4B | $16.5B | $18.7B | $17.3B | $17.4B | $17.6B | $17.2B |
| Preferred stock | $36.1M | $36.1M | $36.1M | $36.1M | $36.1M | $0.0M | — | — | — | — |
| Shareholders' equity | $1.8B | $1.9B | $2.0B | $2.2B | $2.3B | $2.1B | $1.3B | $1.5B | $1.7B | $2.0B |
| Margins | ||||||||||
| Net margin | 13.8% | 10.3% | 28.5% | 21.8% | 12.7% | 30.7% | 30.9% | 26.2% | 24.4% | 27.5% |
| FCF margin | 28.1% | 34.8% | 37.9% | 35.5% | 35.0% | 42.2% | 42.6% | 29.4% | 32.2% | 34.9% |
| Net interest share of revenue | 71.9% | 75.5% | 74.3% | 74.0% | 74.6% | 79.7% | 80.7% | 68.9% | 65.9% | 69.2% |
| Efficiency ratio | 52.7% | 53.4% | 50.6% | 49.4% | 52.8% | 53.4% | 45.0% | 40.8% | 39.7% | 39.7% |
| Returns | ||||||||||
| Return on equity | 5.2% | 3.7% | 10.3% | 7.8% | 4.5% | 12.8% | 17.8% | 21.5% | 18.9% | 19.0% |
| Return on assets | 0.8% | 0.6% | 1.6% | 1.3% | 0.7% | 1.4% | 1.5% | 1.6% | 1.6% | 1.8% |
| Return on tangible equity | 5.3% | 3.5% | 9.9% | 7.5% | 4.5% | 13.6% | 24.1% | 21.0% | 18.4% | 17.9% |
| Growth | ||||||||||
| Revenue growth | — | −3.3% | 8.7% | 8.4% | 4.9% | 13.9% | 7.6% | 17.3% | 6.0% | 2.4% |
| Net income growth | — | −28.2% | 201.1% | −17.0% | −38.9% | 174.8% | 8.6% | −0.7% | −1.4% | 15.4% |
| EPS growth | — | −30.2% | 206.7% | −17.4% | −39.5% | 184.8% | 21.4% | 7.5% | 5.8% | 18.8% |
| FCF growth | — | 19.8% | 18.2% | 1.5% | 3.6% | 37.2% | 8.7% | −19.0% | 15.8% | 11.0% |
| Share count change | — | 0.1% | 0.3% | 0.2% | 100,161.6% | −2.9% | −9.1% | −7.7% | −6.7% | −2.7% |
| Financial health | ||||||||||
| Debt / equity | — | — | — | — | — | — | — | 0.4x | 0.3x | 0.1x |
| Loans / deposits | 98.3% | 95.5% | 96.3% | 94.6% | 74.4% | 60.7% | 70.0% | 72.0% | 74.1% | 77.2% |
| Provision / loans | 1.0% | 1.7% | 0.7% | 0.5% | 1.5% | −0.6% | 0.2% | 0.5% | 0.5% | 0.7% |
| Capital allocation | ||||||||||
| Capex / revenue | 1.5% | 1.4% | 2.9% | 2.9% | 2.0% | 1.5% | 2.1% | 2.0% | 0.8% | 0.9% |
| Stock comp / revenue | 1.0% | 1.1% | 0.8% | 0.5% | 0.6% | 0.6% | 0.5% | 0.7% | 0.7% | 0.8% |
| Payouts / FCF | 0.7% | 2.3% | 3.5% | 11.9% | 15.5% | 72.9% | 87.0% | 89.0% | 52.8% | 61.5% |
| Quality scores | ||||||||||
| Piotroski F-score | — | — | — | — | — | — | — | — | 6.0 | 7.0 |
| Accruals ratio | −0.9% | −1.4% | −0.7% | −1.0% | −1.2% | −0.6% | −0.7% | −0.3% | −0.6% | −0.5% |
Source: SEC EDGAR XBRL filings (CIK 0001057706). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.