First BanCorp. (FBP) financial statements
First BanCorp. reported revenue of $1.0B in fiscal 2025, up 4.5% a year over 9 years.
Net income was $345M.
Free cash flow was $438M, and the company returned $116M in dividends and $154M in net buybacks.
The diluted share count fell 26% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from First BanCorp.'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $673M | $651M | $608M | $658M | $712M | $851M | $918M | $930M | $938M | $1.0B |
| Interest expense | $101M | $97M | $100M | $109M | $93M | $65M | $67M | $226M | — | — |
| Pre-tax income | $130M | $62M | $191M | $239M | $116M | $428M | $448M | $397M | $391M | $417M |
| Income tax | -$37M | -$5M | -$11M | $72M | $14M | $147M | $143M | $95M | $92M | $72M |
| Net income | $93M | $67M | $202M | $167M | $102M | $281M | $305M | $303M | $299M | $345M |
| EPS (diluted) | $0.43 | $0.30 | $0.92 | $0.76 | $0.46 | $1.31 | $1.59 | $1.71 | $1.81 | $2.15 |
| Diluted shares | 216M | 216M | 217M | 217M | 218M | 211M | 192M | 177M | 165M | 161M |
| Net margin | 13.8% | 10.3% | 33.2% | 25.5% | 14.4% | 33.0% | 33.2% | 32.6% | 31.8% | 34.5% |
Balance sheet
Fiscal years, from First BanCorp.'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $300M | $716M | $586M | $644M | $1.5B | $2.5B | $481M | $663M | $1.2B | $659M |
| Property, plant and equipment | $151M | $142M | $148M | $150M | $158M | $146M | $143M | $142M | $133M | $127M |
| Goodwill | $28M | $28M | $28M | $28M | $39M | $39M | $39M | $39M | $39M | $39M |
| 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 |
| Shareholders' equity | $1.8B | $1.9B | $2.0B | $2.2B | $2.3B | $2.1B | $1.3B | $1.5B | $1.7B | $2.0B |
| Net debt | -$300M | -$716M | -$586M | -$644M | -$1.5B | -$2.5B | -$481M | -$663M | -$1.2B | -$659M |
Cash flow
Fiscal years, from First BanCorp.'s 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $199M | $236M | $288M | $294M | $298M | $400M | $440M | $363M | $404M | $449M |
| Capital spending | $10M | $9M | $21M | $22M | $16M | $13M | $20M | $23M | $10M | $11M |
| Free cash flow | $189M | $227M | $268M | $272M | $282M | $386M | $420M | $340M | $394M | $438M |
| Stock-based compensation | $7M | $7M | $6M | $4M | $5M | $5M | $5M | $8M | $9M | $10M |
| Dividends paid | $223,000 | $3M | $7M | $30M | $43M | $65M | $88M | $100M | $106M | $116M |
| Share buybacks (net) | -$1M | -$2M | -$3M | -$2M | -$206,000 | -$217M | -$278M | -$203M | -$102M | -$154M |
| Net borrowing | — | $39M | -$146M | -$220M | -$130M | -$240M | -$300M | $280M | -$97M | -$270M |
| Free cash flow margin | 28.1% | 34.8% | 44.1% | 41.3% | 39.6% | 45.4% | 45.7% | 36.6% | 42.0% | 43.7% |
| Dividends per share | $0.00 | $0.01 | $0.03 | $0.14 | $0.20 | $0.31 | $0.46 | $0.56 | $0.64 | $0.72 |
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Open FBP in InvestinglyQuestions
What was First BanCorp.'s revenue in 2025?
$1.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does First BanCorp. generate?
$438M in fiscal 2025 (operating cash flow minus capital spending).
From First BanCorp.'s annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.