The financials
First BanCorp. by the numbers
First BanCorp. (FBP) reported revenue of $280M in Q1 2026 (quarter ended Mar 31, 2026), up 1.0% from the same quarter a year earlier. That came with net income of $89M (32% of revenue). For the full year FY2025, revenue was $1.12B (+2.6% year on year) and net income $345M. Its largest segment in Jun 2026 was Consumer Retail Banking at $172M, 60% of the disclosed total, well ahead of Commercial And Corporate at 18%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $280M | $277M | +1.0% |
| Net income | $89M | $77M | +15% |
| Diluted EPS | $0.57 | $0.47 | +21% |
| Operating | Revenue | Share |
|---|---|---|
| Consumer Retail Banking | $172M | 60% |
| Commercial And Corporate | $51M | 18% |
| United States Operations | $24M | 8.2% |
| Mortgage Banking | $22M | 7.6% |
| Virgin Islands Operations | $20M | 6.8% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $264.9M (+2.4%)
Commercial And Corporate grew +16% year on yearVirgin Islands Operations +1.9% year on year
Segment Latestquarter on quarteryear on year
- Consumer Retail Banking$171.7M$171.7MQoQ -0.46%year on year +2.0%-0.46%+2.0%
- Commercial And Corporate$51.2M$51.2MQoQ +9.0%year on year +16%+9.0%+16%
- United States Operations$23.7M$23.7MQoQ +3.7%year on year +11%+3.7%+11%
- Mortgage Banking$21.7M$21.7MQoQ -2.1%year on year +2.7%-2.1%+2.7%
- Virgin Islands Operations$19.6M$19.6MQoQ +1.9%year on year +1.9%+1.9%+1.9%
- Treasury And Investments−$23.0M−$23.0MQoQ -year on year ---