First BanCorp. (FBP) Balance Sheet
FBP balance sheet, 2025
December 31, 2025 · U.S. dollars$19.13B assets = $17.17B liabilities + $1.97B equity
Both columns are drawn to the same scale: what FBP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FBP financial health
Descriptive bands, not a rating. Fiscal 2025.
FBP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.92B2016 | $19.13B2025 | +5.4%/yr | |
| Total liabilities | $10.14B2016 | $17.17B2025 | +6.0%/yr | |
| Shareholders’ equity | $1.79B2016 | $1.97B2025 | +1.1%/yr | |
| Cash & short-term investments | $1.84B2016 | $657.1M2025 | −10.8%/yr | |
| Total debt | $1.56B2016 | $364.4M2025 | −14.9%/yr | |
| Net cash (debt) | $286.0M2016 | $292.8M2025 | +$6.8M | |
| Working capital | −$7.50B2016 | $629.9M2025 | +$8.1B | |
| Book value per share | $8.282016 | $12.242025 | +4.4%/yr | |
| Debt / equity | 0.872016 | 0.192025 | −0.69 | |
| Shares outstanding | 215.8M2016 | 160.7M2025 | −3.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FBP assets
FBP liabilities and equity
FBP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FBP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $657.1M | $5.72B | $5.89B | $6.00B | $9.00B | $5.80B | $2.64B | $2.35B | $2.26B | $1.84B |
| Cash & equivalents | $657.1M | $1.16B | $662.2M | $478.8M | $2.54B | $1.43B | $546.7M | $578.9M | $709.1M | $292.4M |
| Short-term investments | $1.82B | $4.57B | $5.23B | $5.52B | $6.46B | $4.37B | $2.09B | $1.77B | $1.55B | $1.55B |
| Receivables | $71.4M | $71.9M | $77.7M | $69.7M | $636.5M | $69.5M | $50.2M | $383.9M | $314.6M | $278.8M |
| Inventory | $0 | $0 | −$1.30B | −$1.30B | −$2.65B | −$1.65B | −$796.5M | −$771.4M | −$2.73B | −$2.26B |
| Other current assets | $9.0M | $0 | $1.30B | $1.30B | $2.65B | $1.65B | $796.5M | $771.4M | $2.73B | $2.26B |
| Total current assets | $737.5M | $5.80B | $5.97B | $6.07B | $9.63B | $5.87B | $2.69B | $2.73B | $2.57B | $2.12B |
| Property, plant & equipment (net) | $126.9M | $133.4M | $142.0M | $142.9M | $146.4M | $158.2M | $150.0M | $147.8M | $141.9M | $150.8M |
| Goodwill & intangible assets | $42.1M | $45.6M | $52.0M | $59.7M | $68.5M | $79.5M | $35.7M | $66.2M | $67.6M | $73.0M |
| Long-term investments | $2.13B | $4.94B | $5.63B | $6.09B | $6.66B | $4.93B | $138.7M | $144.8M | $150.6M | $156.2M |
| Other non-current assets | $16.09B | $8.38B | $7.11B | $6.28B | $4.28B | $7.76B | $9.60B | $9.15B | $9.33B | $9.42B |
| Total assets | $19.13B | $19.29B | $18.91B | $18.63B | $20.79B | $18.79B | $12.61B | $12.24B | $12.26B | $11.92B |
| Liabilities | ||||||||||
| Accounts payable | — | — | $231.6M | $231.6M | $214.9M | $276.7M | $180.6M | $129.9M | $145.9M | $118.8M |
| Short-term debt | $107.6M | — | $475.0M | $550.1M | $215.0M | $300.0M | $100.0M | $150.1M | $300.0M | $670.0M |
| Deferred revenue | — | — | −$335.3M | −$335.3M | −$112,000 | $17.7M | $40.3M | −$125.2M | −$49.1M | −$1.48B |
| Total current liabilities | $107.6M | $16.87B | $16.56B | $16.93B | $214.9M | $15.89B | $9.63B | $9.27B | $9.47B | $9.62B |
| Long-term debt | $0 | $61.7M | $161.7M | $183.8M | $183.8M | $183.8M | $184.2M | $184.2M | $208.6M | $216.2M |
| Other long-term liabilities | $17.07B | $690.7M | $694.3M | $200.0M | $200.0M | $440.0M | $570.0M | $740.0M | $715.0M | $300.0M |
| Total liabilities | $17.17B | $17.62B | $17.41B | $17.31B | $18.68B | $16.52B | $10.38B | $10.20B | $10.39B | $10.14B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.3M | $22.2M | $22.2M | $22.0M | $21.9M |
| Retained earnings (deficit) | $2.27B | $1.81B | $1.65B | $1.48B | $1.43B | $1.22B | $1.22B | $1.09B | $895.2M | $830.9M |
| Treasury stock | — | — | — | — | −$2.2M | −$480,000 | −$474,000 | −$455,000 | −$410,000 | −$125,000 |
| Accumulated other comprehensive income | −$354.6M | −$336.4M | −$439.6M | −$636.3M | −$84.0M | $55.5M | $6.8M | −$40.4M | −$20.6M | −$34.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.97B | $1.67B | $1.50B | $1.33B | $2.10B | $2.28B | $2.23B | $2.04B | $1.87B | $1.79B |
| Key figures | ||||||||||
| Total debt | $364.4M | $561.7M | $661.7M | $933.9M | $398.7M | $923.8M | $854.1M | $1.07B | $1.22B | $1.56B |
| Net cash (debt) | $292.8M | $5.16B | $5.23B | $5.07B | $8.60B | $4.88B | $1.78B | $1.27B | $1.03B | $286.0M |
| Working capital | $629.9M | −$11.07B | −$10.59B | −$10.86B | $9.42B | −$10.03B | −$6.94B | −$6.54B | −$6.90B | −$7.50B |
| Tangible book value | $1.92B | $1.62B | $1.45B | $1.27B | $2.03B | $2.20B | $2.19B | $1.98B | $1.80B | $1.71B |
| Book value per share | $12.24 | $10.10 | $8.45 | $6.91 | $9.95 | $10.45 | $10.26 | $9.44 | $8.65 | $8.28 |
| Shares outstanding | 160.7M | 165.3M | 177.2M | 192.0M | 211.3M | 217.7M | 217.1M | 216.7M | 216.1M | 215.8M |
| Current ratio | 6.85 | 0.34 | 0.36 | 0.36 | 44.84 | 0.37 | 0.28 | 0.29 | 0.27 | 0.22 |
| Quick ratio | 6.77 | 0.34 | 0.36 | 0.36 | 44.84 | 0.37 | 0.28 | 0.29 | 0.27 | 0.22 |
| Debt / equity | 0.19 | 0.34 | 0.44 | 0.70 | 0.19 | 0.41 | 0.38 | 0.53 | 0.65 | 0.87 |
| Equity / assets | 10.3% | 8.7% | 7.9% | 7.1% | 10.1% | 12.1% | 17.7% | 16.7% | 15.2% | 15.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $559.6M | $549.2M | $657.1M | $5.01B | $1.97B | $2.35B | $5.72B | $5.58B | $5.54B | $5.73B | $5.89B | $5.76B |
| Cash & equivalents | $559.6M | $549.2M | $657.1M | $898.6M | $735.9M | $1.33B | $1.16B | $684.5M | $582.3M | $681.0M | $662.2M | $584.2M |
| Short-term investments | $4.25B | $4.28B | $1.82B | $4.11B | $1.23B | $1.02B | $4.57B | $4.90B | $4.96B | $5.05B | $5.23B | $5.18B |
| Receivables | $70.7M | $67.7M | $71.4M | $66.1M | $71.5M | $63.8M | $71.9M | $67.1M | $77.9M | $73.2M | $77.7M | $68.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$771.8M | −$663.7M | −$757.4M | $584.2M | −$682.3M |
| Other current assets | $0 | $0 | $9.0M | $0 | $0 | $0 | $0 | $771.8M | $663.7M | $757.4M | $0 | $682.3M |
| Total current assets | $630.3M | $616.9M | $737.5M | $5.07B | $2.04B | $2.41B | $5.80B | $5.65B | $5.62B | $5.80B | $5.97B | $5.83B |
| Property, plant & equipment (net) | $128.7M | $127.9M | $126.9M | $127.0M | $128.4M | $130.5M | $133.4M | $136.4M | $138.6M | $141.5M | $142.0M | $144.6M |
| Goodwill & intangible assets | $41.6M | $41.9M | $42.1M | $42.3M | $43.1M | $44.3M | $45.6M | $46.9M | $48.3M | $50.2M | $52.0M | $53.8M |
| Long-term investments | $4.96B | $4.97B | $2.13B | $4.92B | $4.85B | $4.67B | $4.94B | $5.27B | $5.36B | $5.45B | $5.63B | $5.58B |
| Other non-current assets | $13.48B | $13.33B | $16.09B | $9.16B | $11.83B | $11.85B | $8.38B | $7.76B | $7.72B | $7.44B | $7.11B | $6.98B |
| Total assets | $19.24B | $19.09B | $19.13B | $19.32B | $18.90B | $19.11B | $19.29B | $18.86B | $18.88B | $18.89B | $18.91B | $18.59B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $194.6M |
| Short-term debt | — | $90.0M | $107.6M | — | $120.0M | — | — | $210.0M | $180.0M | $180.0M | $17.0M | $475.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | −$335.3M |
| Total current liabilities | — | $90.0M | $107.6M | $16.86B | $16.55B | $16.82B | $16.87B | $16.56B | $16.71B | $16.73B | $16.56B | $16.63B |
| Long-term debt | $200.0M | $200.0M | $290.0M | $290.0M | $320.0M | $331.1M | $561.7M | $111.7M | $481.7M | $481.7M | $661.7M | $161.7M |
| Other long-term liabilities | $17.06B | $16.83B | $16.78B | $252.2M | $178.0M | $174.0M | $190.7M | $489.2M | $199.3M | $204.0M | $194.3M | $500.0M |
| Total liabilities | $17.26B | $17.12B | $17.17B | $17.40B | $17.05B | $17.33B | $17.62B | $17.16B | $17.39B | $17.41B | $17.41B | $17.29B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M |
| Retained earnings (deficit) | $2.39B | $2.33B | $2.27B | $1.98B | $1.91B | $1.86B | $1.81B | $1.79B | $1.94B | $1.89B | $1.65B | $1.79B |
| Accumulated other comprehensive income | −$368.4M | −$360.7M | −$354.6M | −$162.3M | −$211.1M | −$252.3M | −$336.4M | −$284.0M | −$643.7M | −$654.2M | −$439.6M | −$851.4M |
| Total shareholders' equity | $1.98B | $1.97B | $1.97B | $1.92B | $1.85B | $1.78B | $1.67B | $1.70B | $1.49B | $1.48B | $1.50B | $1.30B |
| Key figures | ||||||||||||
| Total debt | $200.0M | $290.0M | $364.4M | $290.0M | $320.0M | $331.1M | $561.7M | $611.7M | $661.7M | $661.7M | $661.7M | $661.7M |
| Net cash (debt) | $359.6M | $259.2M | $292.8M | $4.72B | $1.65B | $2.02B | $5.16B | $4.97B | $4.88B | $5.07B | $5.23B | $5.10B |
| Working capital | — | $526.9M | $629.9M | −$11.79B | −$14.51B | −$14.41B | −$11.07B | −$10.91B | −$11.09B | −$10.92B | −$10.59B | −$10.80B |
| Tangible book value | $1.94B | $1.93B | $1.92B | $1.88B | $1.80B | $1.74B | $1.62B | $1.65B | $1.44B | $1.43B | $1.45B | $1.25B |
| Book value per share | $12.82 | $12.60 | $12.42 | $12.02 | $11.43 | $10.75 | $10.08 | $10.27 | $9.01 | $8.82 | $8.74 | $7.36 |
| Shares outstanding | 154.2M | 156.1M | 158.4M | 159.6M | 161.5M | 165.5M | 165.5M | 165.5M | 165.5M | 167.8M | 171.4M | 177.0M |
| Current ratio | — | 6.85 | 6.85 | 0.30 | 0.12 | 0.14 | 0.34 | 0.34 | 0.34 | 0.35 | 0.36 | 0.35 |
| Quick ratio | — | 6.85 | 6.77 | 0.30 | 0.12 | 0.14 | 0.34 | 0.34 | 0.34 | 0.35 | 0.36 | 0.35 |
| Debt / equity | 0.10 | 0.15 | 0.19 | 0.15 | 0.17 | 0.19 | 0.34 | 0.36 | 0.44 | 0.45 | 0.44 | 0.51 |
| Equity / assets | 10.3% | 10.3% | 10.3% | 9.9% | 9.8% | 9.3% | 8.7% | 9.0% | 7.9% | 7.8% | 7.9% | 7.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
FBP financial position
At the end of fiscal 2025 (December 31, 2025), First BanCorp. had total assets of $19.1 billion (down 0.8% from a year earlier), total liabilities of $17.2 billion and shareholders' equity of $2.0 billion. It held $657.1 million in cash and short-term investments against $364.4 million of debt, a net cash position of $292.8 million. Its current ratio was 6.85. In the latest quarter (ended June 30, 2026) total assets were $19.2 billion and equity $2.0 billion.
Related: FBP income statement, FBP cash flow statement, FBP key metrics. See the FBP stock overview for the latest quote and news.
FBP balance sheet FAQ
What are First BanCorp.'s total assets?
First BanCorp. reported total assets of $19.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $19.3 billion a year earlier.
How much debt does First BanCorp. have?
First BanCorp. had $364.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.19.
How much cash does First BanCorp. have?
First BanCorp. held $657.1 million in cash and short-term investments at the end of fiscal 2025; with $364.4 million of debt that is net cash of $292.8 million.
What is First BanCorp.'s book value?
First BanCorp.'s shareholders' equity (book value) was $2.0 billion at the end of fiscal 2025, or $12.24 per share.
What is First BanCorp.'s current ratio?
First BanCorp. had current assets of $737.5 million and current liabilities of $107.6 million, a current ratio of 6.85 (it can cover its short-term obligations).
How much goodwill does First BanCorp. have?
First BanCorp. carried $42.1 million of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.