First BanCorp Past Earnings Performance
Past criteria checks 2/6
First BanCorp has been growing earnings at an average annual rate of 15.1%, while the Banks industry saw earnings growing at 4.5% annually. Revenues have been growing at an average rate of 7.2% per year. First BanCorp's return on equity is 16.6%, and it has net margins of 34.4%.
Key information
15.13%
Earnings growth rate
20.96%
EPS growth rate
| Banks Industry Growth | 11.18% |
| Revenue growth rate | 7.20% |
| Return on equity | 16.62% |
| Net Margin | 34.42% |
| Next Earnings Update | 23 Oct 2025 |
Recent past performance updates
Recent updates
First BanCorp.: Opportunities Ahead To Raise The Margin And Earnings, But Stock Appears Fairly Valued
Jul 17First BanCorp: Bond Market Turbulence, Expected Tourism Slowdown Seems Priced-In
Apr 20First BanCorp.: Strong Margin Power And A Growing Dividend
Jan 23Here's Why First BanCorp (NYSE:FBP) Has Caught The Eye Of Investors
Oct 23
Tactical Growth And Efficiency Measures Promise Bright Future Despite Analysts' Cautions
Enhanced operational efficiency and revenue growth potential driven by investments in IT infrastructure and a focus on commercial construction loans.First BanCorp.: Raising The Earnings Estimate And Upgrading To Buy
Sep 13Should You Be Adding First BanCorp (NYSE:FBP) To Your Watchlist Today?
Jul 24First BanCorp: A Call Option On Puerto Rico
Jun 19First BanCorp's (NYSE:FBP) Upcoming Dividend Will Be Larger Than Last Year's
Feb 12First BanCorp: Fairly Priced With A Flattish Earnings Outlook
Dec 09First BanCorp: Worthy Of Consideration
Sep 24Revenue & Expenses Breakdown
How First BanCorp makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 25 | 891 | 307 | 404 | 0 |
| 31 Mar 25 | 885 | 302 | 402 | 0 |
| 31 Dec 24 | 880 | 299 | 400 | 0 |
| 30 Sep 24 | 869 | 303 | 396 | 0 |
| 30 Jun 24 | 875 | 311 | 392 | 0 |
| 31 Mar 24 | 864 | 306 | 387 | 0 |
| 31 Dec 23 | 863 | 303 | 383 | 0 |
| 30 Sep 23 | 872 | 297 | 380 | 0 |
| 30 Jun 23 | 868 | 289 | 379 | 0 |
| 31 Mar 23 | 876 | 293 | 377 | 0 |
| 31 Dec 22 | 891 | 305 | 369 | 0 |
| 30 Sep 22 | 897 | 304 | 366 | 0 |
| 30 Jun 22 | 902 | 304 | 362 | 0 |
| 31 Mar 22 | 926 | 299 | 367 | 0 |
| 31 Dec 21 | 916 | 277 | 376 | 0 |
| 30 Sep 21 | 891 | 255 | 383 | 0 |
| 30 Jun 21 | 795 | 208 | 368 | 0 |
| 31 Mar 21 | 667 | 158 | 342 | 0 |
| 31 Dec 20 | 536 | 100 | 321 | 0 |
| 30 Sep 20 | 490 | 86 | 297 | 0 |
| 30 Jun 20 | 517 | 104 | 294 | 0 |
| 31 Mar 20 | 557 | 124 | 299 | 0 |
| 31 Dec 19 | 611 | 165 | 294 | 0 |
| 30 Sep 19 | 601 | 229 | 294 | 0 |
| 30 Jun 19 | 578 | 219 | 290 | 0 |
| 31 Mar 19 | 555 | 209 | 285 | 0 |
| 31 Dec 18 | 529 | 199 | 282 | 0 |
| 30 Sep 18 | 501 | 122 | 276 | 0 |
| 30 Jun 18 | 496 | 75 | 273 | 0 |
| 31 Mar 18 | 493 | 72 | 273 | 0 |
| 31 Dec 17 | 481 | 64 | 273 | 0 |
| 30 Sep 17 | 486 | 64 | 271 | 0 |
| 30 Jun 17 | 477 | 100 | 271 | 0 |
| 31 Mar 17 | 470 | 95 | 270 | 0 |
| 31 Dec 16 | 480 | 93 | 269 | 0 |
| 30 Sep 16 | 514 | 84 | 269 | 0 |
| 30 Jun 16 | 504 | 75 | 271 | 0 |
| 31 Mar 16 | 444 | 19 | 277 | 0 |
| 31 Dec 15 | 438 | 21 | 278 | 0 |
| 30 Sep 15 | 405 | 337 | 281 | 0 |
| 30 Jun 15 | 409 | 346 | 278 | 0 |
| 31 Mar 15 | 471 | 402 | 272 | 0 |
| 31 Dec 14 | 471 | 394 | 266 | 0 |
Quality Earnings: FBP has high quality earnings.
Growing Profit Margin: FBP's current net profit margins (34.4%) are lower than last year (35.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FBP's earnings have grown by 15.1% per year over the past 5 years.
Accelerating Growth: FBP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FBP had negative earnings growth (-1.3%) over the past year, making it difficult to compare to the Banks industry average (13%).
Return on Equity
High ROE: FBP's Return on Equity (16.6%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/05 01:06 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
First BanCorp. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brandon Berman | BofA Global Research |
| Joseph Gladue | B. Riley Securities, Inc. |
| Michael Diana | Cantor Fitzgerald & Co. |