The financials
First BanCorp. by the numbers
First BanCorp. (FBP) reported revenue of $280M in Q1 2026 (quarter ended March 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 2026-Q1 was Consumer Retail Banking at $173M, 61% of the disclosed total, just ahead of Commercial And Corporate at 17%.
| 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 | $173M | 61% |
| Commercial And Corporate | $47M | 17% |
| United States Operations | $23M | 8.0% |
| Mortgage Banking | $22M | 7.8% |
| Virgin Islands Operations | $19M | 6.8% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $258.6M (+4.0%)
United States Operations grew +5.4% year on yearConsumer Retail Banking +1.9% year on year
Segment Latestquarter on quarteryear on year
- Consumer Retail Banking$172.5M$172.5MQoQ +1.3%year on year +1.9%+1.3%+1.9%
- Commercial And Corporate$47.0M$47.0MQoQ +2.1%year on year +4.2%+2.1%+4.2%
- United States Operations$22.8M$22.8MQoQ -3.0%year on year +5.4%-3.0%+5.4%
- Mortgage Banking$22.2M$22.2MQoQ +5.5%year on year +4.9%+5.5%+4.9%
- Virgin Islands Operations$19.2M$19.2MQoQ +2.0%year on year +3.7%+2.0%+3.7%
- Treasury And Investments−$25.1M−$25.1MQoQ -year on year ---