First BanCorp. reported Q1 FY2026 results with revenue of $258.6M, up 4.2% YoY, and net income of $88.8M, up 15.2% YoY. Diluted EPS was $0.57, a 21.3% increase from the prior year. The company had $1.97B in equity and $200M in long-term debt as of March 31, 2026.
•Revenue grew 4.2% YoY to $258.6M.
•Net income increased 15.2% YoY to $88.8M.
•Diluted EPS rose 21.3% to $0.57.
•Equity stood at $1.97B with long-term debt of $200M.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
First BanCorp. is the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers. Its business is organized into six segments: Mortgage Banking. Its portfolio also includes 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. Its portfolio also includes 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 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.
Its portfolio also includes 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, as well as automobile financing and insurance agency services. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.
First BanCorp. is the bank holding company for FirstBank Puerto Rico, providing financial products and services to consumers and commercial customers. Its operations are organized into 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 originates, sells, and services residential mortgage loans, including hedging activities and purchasing loans from branch and mortgage bankers. Consumer (Retail) Banking handles consumer lending, small business lending, commercial transaction banking, and deposit-taking. Commercial and Corporate Banking offers commercial lending and deposit services. Treasury and Investments manages funding through brokered deposits, FHLB advances, and repurchase agreements. United States Operations provides checking, savings, money market accounts, retail CDs, internet banking, residential mortgages, home equity loans, and cash management services.
Where is First BanCorp. (FBP) listed and in what currency?
First BanCorp. is listed on the New York Stock Exchange (NYSE) under the ticker symbol FBP. Its financials are reported in US Dollars (USD), and it operates primarily in the United States region.
What sector and industry does First BanCorp. (FBP) belong to?
First BanCorp. operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank holding company, it focuses on providing banking services primarily in Puerto Rico, the United States, and the Virgin Islands.
What geographic markets does First BanCorp. (FBP) serve?
First BanCorp. serves customers in Puerto Rico, the United States, and the Virgin Islands. Its segments include United States Operations and Virgin Islands Operations, indicating a presence in these regions. The company's headquarters is in the United States, and it operates through its subsidiary FirstBank Puerto Rico.
How does First BanCorp. (FBP) generate revenue?
First BanCorp. generates revenue through its six business segments. Mortgage Banking earns from originating, selling, and servicing residential mortgage loans. Consumer (Retail) Banking generates income from consumer and small business lending, transaction banking, and deposit fees. Commercial and Corporate Banking earns from commercial lending and deposit services. Treasury and Investments manages the company's funding and investment activities, including brokered deposits and repurchase agreements. United States Operations provides retail banking products like checking accounts, savings accounts, and home equity loans. The Virgin Islands Operations also contribute to the overall revenue stream.