FBP FY 2025 Earnings Report — First BanCorp. Revenue & Financial Results | Market Cap Arena

First BanCorp.FBP

FY 2025 Earnings

Reported February 27, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	5.3%
Op. Income	$417M	—	$391M	—	6.5%
Gross Margin	72.9%	—	70.7%	—	2.2pp
Net Margin	27.4%	—	25.0%	—	2.4pp
EPS (Diluted)	$2.15	—	$1.81	—	18.8%
Free Cash Flow	$434M	—	$394M	—	10.1%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$340M
GROSS PROFIT	$916M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$334M
SG&A Expenses	$334M
Other Expenses	$166M
Operating Expenses	$500M
Cost & Expenses	$840M
OPERATING INCOME	$417M
Interest Income	$1.1B
Interest Expense	$254M
Other Income/Expenses	$0
INCOME BEFORE TAX	$417M
Income Tax Expense	$72M
Net Income from Continuing Ops	$345M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$345M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$345M
D&A	$0
EBIT	$417M
EBITDA	$417M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$340M
GROSS PROFIT	$916M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$334M
SG&A Expenses	$334M
Other Expenses	$166M
Operating Expenses	$500M
Cost & Expenses	$840M
OPERATING INCOME	$417M
Interest Income	$1.1B
Interest Expense	$254M
Other Income/Expenses	$0
INCOME BEFORE TAX	$417M
Income Tax Expense	$72M
Net Income from Continuing Ops	$345M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$345M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$345M
D&A	$0
EBIT	$417M
EBITDA	$417M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$345M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$95M
Change in Working Capital	$5M
OPERATING CASH FLOW	$445M
Capital Expenditure	-$11M
Acquisitions (Net)	$25.0K
Purchases of Investments	-$1.9B
Sales/Maturities of Investments	$2.3B
Other Investing Activities	-$498M
NET CASH FROM INVESTING	-$167M
Net Debt Issuance	-$270M
Common Stock Repurchased	-$154M
Common Dividends Paid	-$116M
Other Financing Activities	-$240M
NET CASH FROM FINANCING	-$779M
FREE CASH FLOW	$434M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$657M
Short-Term Investments	$0
Net Receivables	$71M
Inventory	$0
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$737M
PP&E (Net)	$127M
Goodwill	$39M
Intangible Assets	$3M
Long-Term Investments	$17.8B
Tax Assets	$149M
Other Non-Current Assets	$329M
TOTAL NON-CURRENT ASSETS	$18.4B
TOTAL ASSETS	$19.1B
Account Payables	$0
Short-Term Debt	$108M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$108M
Long-Term Debt	$200M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$16.8B
TOTAL NON-CURRENT LIABILITIES	$17.1B
TOTAL LIABILITIES	$17.2B
Common Stock	$22M
Additional Paid-In Capital	$964M
Retained Earnings	$2.3B
Treasury Stock	-$933M
Accum. Other Comp. Income	-$355M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$19.1B
Total Debt	$364M
Net Debt	-$293M