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Equiscale · Syntellia LLC
First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers. It operates through six segments: Mortgage Banking; Consumer (Retail) Banking; Commercial and Corporate Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; purchase of mortgage loans from branch and mortgage bankers; and origination of residential real estate loans. The Consumer (Retail) Banking segment is involved in consumer lending, commercial lending to small businesses, commercial transaction banking, and deposit-taking activities. The Commercial and Corporate Banking segment offers lending and other services, including commercial lending and commercial deposit-taking activities. The Treasury and Investments segment manages funding; and obtains funds through brokered deposits, advances from the FHLB, and repurchase agreements involving investment securities, among other funding sources. The United States Operations segment provides checking, savings, and money market accounts; retail CDs; internet banking services; residential mortgages; home equity loans and lines of credit; retail deposits; cash management services; remote data capture; automated clearing house transactions; and traditional commercial and industrial, and commercial real estate products, such as lines of credit, term loans, and construction loans. The Virgin Islands Operations segment focuses on consumer and commercial lending, and deposit-taking activities. The company also offers automobile financing and insurance agency services. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $962M | - | $345M | $438M | 17.5% | 6.3% | 15.4% |
| 2024 | $905M | - | $299M | $394M | 17.9% | 0.9% | -1.4% |
| 2023 | $897M | - | $303M | $340M | 20.2% | 1.2% | -0.7% |
| 2022 | $887M | - | $305M | $420M | 23.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 886.57 | 897.17 | 905.08 | 961.67 |
| Operating Revenue | - | 886.57 | 897.17 | 905.08 | 961.67 |
| Selling General And Administration | - | 228.88 | 257.64 | 262.76 | 269.17 |
| Interest Income | - | 862.61 | 1,023.49 | 1,095.15 | 1,123.16 |
| Interest Expense | - | 67.32 | 226.38 | 287.67 | 254.22 |
| Net Interest Income | - | 795.29 | 797.11 | 807.48 | 868.94 |
| Pretax Income | - | 447.58 | 397.44 | 391.21 | 416.73 |
| Tax Provision | - | 142.51 | 94.57 | 92.48 | 71.87 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 2.15 | 2.92 | 1.79 | 0.27 |
| Net Income Continuous Operations | - | 305.07 | 302.86 | 298.72 | 344.87 |
| Net Income From Continuing And Discontinued Operation | - | 305.07 | 302.86 | 298.72 | 344.87 |
| Net Income From Continuing Operation Net Minority Interest | - | 305.07 | 302.86 | 298.72 | 344.87 |
| Net Income | - | 305.07 | 302.86 | 298.72 | 344.87 |
| Net Income Common Stockholders | - | 305.07 | 302.86 | 298.72 | 344.87 |
| Net Income Including Noncontrolling Interests | - | 305.07 | 302.86 | 298.72 | 344.87 |
| Normalized Income | - | 300.47 | 293.52 | 292.94 | 343.59 |
| Diluted NI Availto Com Stockholders | - | 305.07 | 302.86 | 298.72 | 344.87 |
| Basic Average Shares | - | 190.80 | 176.50 | 164.55 | 159.96 |
| Diluted Average Shares | - | 191.97 | 184.85 | 165.27 | 160.74 |
| Reconciled Depreciation | - | 31.10 | 28.24 | 25 | 20.75 |
| Total Unusual Items | - | 6.75 | 12.26 | 7.58 | 1.54 |
| Total Unusual Items Excluding Goodwill | - | 6.75 | 12.26 | 7.58 | 1.54 |
| Preferred Stock Dividends | 2.45 | - | - | - | - |
| Special Income Charges | - | 0.92 | 5.12 | 0.10 | 0.02 |
| Other Special Charges | - | -0.92 | -3.51 | -0.10 | -0.02 |
| Restructuring And Mergern Acquisition | 26.44 | 0 | 0 | - | - |
| Gain On Sale Of Security | - | 0.20 | 6.09 | 1.43 | -0.06 |
| Depreciation Amortization Depletion Income Statement | - | 8.82 | 7.74 | 6.42 | 3.51 |
| Depreciation And Amortization In Income Statement | - | 8.82 | 7.74 | 6.42 | 3.51 |
| General And Administrative Expense | - | 210.65 | 238.01 | 245.11 | 252.57 |
| Other Gand A | 11.22 | 1.50 | - | - | - |
| Salaries And Wages | - | 204.50 | 223.14 | 235.29 | 244.90 |
| Insurance And Claims | - | 6.15 | 14.87 | 9.82 | 7.67 |
| Selling And Marketing Expense | - | 18.23 | 19.63 | 17.64 | 16.60 |
| Otherunder Preferred Stock Dividend | 1.23 | - | - | - | - |
| Amortization | - | 8.82 | 7.74 | 6.42 | 3.51 |
| Amortization Of Intangibles Income Statement | - | 8.82 | 7.74 | 6.42 | 3.51 |
| Occupancy And Equipment | - | 88.28 | 85.91 | 88.43 | 88.91 |
| Professional Expense And Contract Services Expense | - | 47.85 | 45.84 | 49.46 | 48.11 |
| Other Non Interest Expense | - | 37.67 | 40.72 | 45.56 | 49.47 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| First BanCorp.this co. | FBP | $3.8B | 10.90↓ discount | 1.91 | 17.5% | - |
| Cathay General Bancorp | CATY | $3.9B | 12.38 | 1.33 | 10.8% | - |
| Independent Bank Corp. | INDB | $3.8B | 18.52 | 1.07 | 5.8% | - |
| Cohen & Steers, Inc. | CNS | $3.8B | 24.67 | 6.73 | 27.3% | 17.84 |
| Renasant Corporation | RNST | $3.7B | 20.64 |
| - |
| - |
| - |
| - |
| 0.96 |
| 4.7% |
| - |
| WSFS Financial Corporation | WSFS | $3.7B | 12.89 | 1.35 | 10.5% | - |
| BancFirst Corporation | BANF | $3.7B | 15.37 | 1.99 | 13.0% | - |
| Bread Financial Holdings, Inc. | BFH | $3.7B | 7.11 | 1.11 | 15.6% | 4.25 |
| CVB Financial Corp. | CVBF | $3.6B | 17.23 | 1.57 | 9.1% | - |
| Peer Median | - | 16.30 | 1.34 | 10.6% | 11.05 | |
Historically, Jul has averaged the highest return (+11.4%); Mar the lowest (-5.1%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.7%Positive MonthJan 2026: +6.71% | -4.5%Negative MonthFeb 2026: -4.48% | +1.1%Neutral MonthMar 2026: +1.09% | +13.7%Positive MonthApr 2026: +13.67% | -1.2%Neutral MonthMay 2026: -1.24% | +8.7%Positive MonthJun 2026: +8.72% | +11.0%Positive MonthJul 2026: +10.97% | -1.6%*Neutral MonthAug 2026: -1.62% | — | — | — | — |
| 2025 | +11.7%Positive MonthJan 2025: +11.67% | -6.2%Negative MonthFeb 2025: -6.21% | -1.5%Neutral MonthMar 2025: -1.54% | +2.5%Positive MonthApr 2025: +2.45% | +1.7%Neutral MonthMay 2025: +1.73% | +4.3%Positive MonthJun 2025: +4.25% | +0.0%Neutral MonthJul 2025: +0.00% | +6.7%Positive MonthAug 2025: +6.72% | -0.8%Neutral MonthSep 2025: -0.81% | -11.6%Negative MonthOct 2025: -11.61% | +1.4%Neutral MonthNov 2025: +1.44% | +4.9%Positive MonthDec 2025: +4.86% |
| 2024 | +1.4%Neutral MonthJan 2024: +1.40% | +1.8%Neutral MonthFeb 2024: +1.80% | +3.3%Positive MonthMar 2024: +3.30% | -1.7%Neutral MonthApr 2024: -1.65% | +2.8%Positive MonthMay 2024: +2.78% | +3.2%Positive MonthJun 2024: +3.16% | +17.3%Positive MonthJul 2024: +17.28% | -0.3%Neutral MonthAug 2024: -0.33% | -1.0%Neutral MonthSep 2024: -0.98% | -8.9%Negative MonthOct 2024: -8.93% | +7.3%Positive MonthNov 2024: +7.26% | -10.1%Negative MonthDec 2024: -10.11% |
| 2023 | +5.7%Positive MonthJan 2023: +5.74% | +7.9%Positive MonthFeb 2023: +7.88% | -21.3%Negative MonthMar 2023: -21.30% | +2.9%Positive MonthApr 2023: +2.89% | -5.0%Negative MonthMay 2023: -5.02% | +9.5%Positive MonthJun 2023: +9.50% | +21.5%Positive MonthJul 2023: +21.52% | -6.7%Negative MonthAug 2023: -6.67% | -2.9%Negative MonthSep 2023: -2.89% | -0.8%Neutral MonthOct 2023: -0.82% | +12.4%Positive MonthNov 2023: +12.36% | +9.7%Positive MonthDec 2023: +9.67% |
| 2022 | +5.6%Positive MonthJan 2022: +5.59% | -3.0%Negative MonthFeb 2022: -2.96% | -7.1%Negative MonthMar 2022: -7.08% | +3.7%Positive MonthApr 2022: +3.73% | +9.7%Positive MonthMay 2022: +9.70% | -13.5%Negative MonthJun 2022: -13.53% | +16.9%Positive MonthJul 2022: +16.89% | -5.2%Negative MonthAug 2022: -5.24% | -4.3%Negative MonthSep 2022: -4.34% | +15.4%Positive MonthOct 2022: +15.42% | -2.6%Negative MonthNov 2022: -2.60% | -17.3%Negative MonthDec 2022: -17.30% |
| 2021 | — | — | — | — | +1.8%Neutral MonthMay 2021: +1.75% | -6.8%Negative MonthJun 2021: -6.80% | +1.8%Neutral MonthJul 2021: +1.76% | +4.9%Positive MonthAug 2021: +4.95% | +3.3%Positive MonthSep 2021: +3.30% | +3.8%Positive MonthOct 2021: +3.80% | -2.6%Negative MonthNov 2021: -2.64% | +3.7%Positive MonthDec 2021: +3.69% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
