First BanCorp. (FBP) Income Statement
FBP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFBP revenue and net income
Where FBP's revenue goes
2025Each bar shows an amount and its share of revenue. FBP kept 27.4% of revenue as net income.
FBP profit margins
FBP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.3% | +9.6% | +10.3% | +7.5% |
| Gross profit | +8.6% | +2.2% | +12.6% | +10.7% |
| Operating income | +6.5% | −2.4% | +29.1% | +31.1% |
| Net income | +15.4% | +4.2% | +27.5% | +32.1% |
| EPS (diluted) | +18.8% | +10.6% | +37.3% | +43.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FBP quarterly EPS vs estimates
First BanCorp. beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.58).
FBP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.26B | $1.19B | $1.12B | $953.9M | $882.0M | $770.1M | $730.6M | $668.6M | $620.6M | $638.7M |
| Cost of revenue | $340.2M | $349.0M | $293.4M | $95.7M | −$509,000 | $263.6M | $148.6M | $158.6M | $240.2M | $189.1M |
| Gross profit | $916.4M | $843.7M | $830.2M | $858.2M | $882.5M | $506.5M | $581.9M | $510.0M | $380.4M | $449.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $334.1M | $262.8M | $257.6M | $228.9M | $220.3M | $198.1M | $196.9M | $196.4M | $191.0M | $196.1M |
| Total operating expenses | $499.6M | $452.5M | $432.7M | $410.6M | $454.7M | $390.2M | $342.6M | $319.4M | $318.5M | $319.3M |
| Operating income | $416.7M | $391.2M | $397.4M | $447.6M | $427.8M | $116.3M | $239.4M | $190.6M | $62.0M | $130.3M |
| Interest income | $1.12B | $1.10B | $991.5M | $862.6M | $794.7M | $693.0M | $675.9M | $625.0M | $588.4M | $585.3M |
| Interest expense | $254.2M | $287.7M | $226.4M | $67.3M | $64.8M | $92.7M | $108.8M | $99.6M | $96.9M | $101.2M |
| Income before taxes | $416.7M | $391.2M | $397.4M | $447.6M | $427.8M | $116.3M | $239.4M | $190.6M | $62.0M | $130.3M |
| Income taxes | $71.9M | $92.5M | $94.6M | $142.5M | $146.8M | $14.1M | $72.0M | −$11.0M | −$5.0M | $37.0M |
| Net income | $344.9M | $298.7M | $302.9M | $305.1M | $281.0M | $102.3M | $167.4M | $201.6M | $67.0M | $93.2M |
| EBITDA | $437.5M | $416.2M | $425.7M | $478.7M | $464.2M | $142.1M | $260.1M | $209.3M | $82.8M | $152.8M |
| EPS (diluted) | $2.15 | $1.81 | $1.70 | $1.59 | $1.40 | $0.44 | $0.74 | $0.64 | $0.50 | $0.40 |
| Gross margin | 72.9% | 70.7% | 73.9% | 90.0% | 100.1% | 65.8% | 79.7% | 76.3% | 61.3% | 70.4% |
| Operating margin | 33.2% | 32.8% | 35.4% | 46.9% | 48.5% | 15.1% | 32.8% | 28.5% | 10.0% | 20.4% |
| Net margin | 27.4% | 25.0% | 27.0% | 32.0% | 31.9% | 13.3% | 22.9% | 30.2% | 10.8% | 14.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $324.3M | $318.5M | $320.4M | $304.5M | $302.1M | $308.8M | $291.7M | $301.6M | $300.2M | $299.2M | $274.5M | $295.2M |
| Cost of revenue | $75.9M | $76.2M | $85.4M | $82.3M | $83.0M | $89.4M | $91.7M | $88.0M | $84.1M | $85.2M | $87.7M | $74.2M |
| Gross profit | $248.4M | $242.3M | $235.0M | $222.2M | $219.1M | $219.3M | $200.1M | $213.6M | $216.1M | $214.0M | $186.9M | $221.0M |
| Sales, general & admin | $85.5M | $87.4M | $90.9M | $65.9M | $65.8M | $67.7M | $66.8M | $65.4M | $64.1M | $66.5M | $71.0M | $63.4M |
| Total operating expenses | $128.2M | $128.0M | $127.7M | $116.0M | $116.2M | $119.0M | $104.0M | $117.2M | $114.7M | $116.6M | $102.0M | $112.0M |
| Operating income | $120.2M | $114.3M | $107.3M | $106.2M | $102.9M | $100.3M | $96.0M | $96.4M | $101.4M | $97.4M | $84.9M | $109.0M |
| Interest income | $287.7M | $279.8M | $285.2M | $282.7M | $278.2M | $277.1M | $279.7M | $274.7M | $272.2M | $268.5M | $265.5M | $263.4M |
| Interest expense | $58.6M | $58.9M | $62.4M | $64.8M | $62.3M | $64.7M | $70.5M | $72.6M | $72.6M | $72.0M | $68.8M | $63.7M |
| Income before taxes | $120.2M | $114.3M | $107.3M | $106.2M | $102.9M | $100.3M | $96.0M | $96.4M | $101.4M | $97.4M | $84.9M | $109.0M |
| Income taxes | $24.1M | $25.5M | $20.2M | $5.7M | $22.7M | $23.2M | $20.3M | $22.7M | $25.5M | $24.0M | $5.4M | $27.0M |
| Net income | $96.2M | $88.8M | $87.1M | $100.5M | $80.2M | $77.1M | $75.7M | $73.7M | $75.8M | $73.5M | $79.5M | $82.0M |
| EBITDA | $120.2M | $118.5M | $111.7M | $111.4M | $108.4M | $106.0M | $101.9M | $102.5M | $107.9M | $103.9M | $91.9M | $116.1M |
| EPS (diluted) | $0.62 | $0.57 | $0.55 | $0.63 | $0.50 | $0.47 | $0.46 | $0.45 | $0.46 | $0.44 | $0.46 | $0.46 |
| Gross margin | 76.6% | 76.1% | 73.4% | 73.0% | 72.5% | 71.0% | 68.6% | 70.8% | 72.0% | 71.5% | 68.1% | 74.9% |
| Operating margin | 37.1% | 35.9% | 33.5% | 34.9% | 34.1% | 32.5% | 32.9% | 32.0% | 33.8% | 32.6% | 30.9% | 36.9% |
| Net margin | 29.7% | 27.9% | 27.2% | 33.0% | 26.5% | 25.0% | 25.9% | 24.4% | 25.3% | 24.5% | 29.0% | 27.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FBP's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FBP financial results
In fiscal year 2025 (ended December 31, 2025), First BanCorp. reported revenue of $1.3 billion, up 5.3% from the year before. It had net income of $344.9 million (up 15.4%), a net profit margin of 27.4%. Diluted earnings per share came to $2.15. Over five years revenue grew at an average rate of 10.3% a year.
See the FBP stock overview for the latest quote and news, or the FBP chart for price history and technical indicators.
FBP income statement FAQ
What is First BanCorp.'s annual revenue?
First BanCorp. reported total revenue of $1.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 5.3% from $1.2 billion the previous year.
Is First BanCorp. profitable?
Yes. First BanCorp. reported net income of $344.9 million in fiscal 2025, a net profit margin of 27.4%; its operating margin was 33.2%.
What is First BanCorp.'s gross margin?
First BanCorp.'s gross margin was 72.9% in fiscal 2025: for every $100 of revenue, First BanCorp. kept $73 after the direct cost of its products and services.
How fast is First BanCorp. growing?
Revenue grew 10.3% a year on average over the last five fiscal years, from $770.1 million to $1.3 billion.
What are First BanCorp.'s earnings per share?
First BanCorp. earned $2.15 per diluted share in fiscal 2025, compared with $1.81 a year earlier.
When will First BanCorp. report its next earnings?
First BanCorp. is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does First BanCorp.'s fiscal year end?
First BanCorp.'s fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.