FBP
Income statement / Annual
Last year (2024), First BanCorp.'s total revenue was $1.19 B,
an increase of 6.16% from the previous year.
In 2024, First BanCorp.'s net income was $298.72 M.
See First BanCorp.,s key income statements, including revenue, expenses, profit, and income.
Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
Operating Revenue |
$1.19 B |
$1.12 B |
$953.89 M |
$882.02 M |
$770.14 M |
$730.57 M |
$668.61 M |
$620.64 M |
$638.67 M |
$605.57 M |
Cost of Revenue |
$349.04 M
|
$293.39 M
|
$95.74 M
|
-$509.00 K
|
$263.65 M
|
$148.63 M
|
$158.57 M
|
$240.20 M
|
$189.08 M
|
$275.61 M
|
Gross Profit |
$843.72 M
|
$830.16 M
|
$858.16 M
|
$882.53 M
|
$506.49 M
|
$581.94 M
|
$510.03 M
|
$380.44 M
|
$449.59 M
|
$332.04 M
|
Gross Profit Ratio |
0.71
|
0.74
|
0.9
|
1
|
0.66
|
0.8
|
0.76
|
0.61
|
0.7
|
0.55
|
Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
General & Administrative Expenses |
$245.11 M
|
$238.01 M
|
$210.65 M
|
$204.96 M
|
$185.95 M
|
$181.15 M
|
$181.55 M
|
$178.52 M
|
$184.67 M
|
$160.89 M
|
Selling & Marketing Expenses |
$17.65 M
|
$19.63 M
|
$18.23 M
|
$15.36 M
|
$12.15 M
|
$15.71 M
|
$14.81 M
|
$12.49 M
|
$11.42 M
|
$15.23 M
|
Selling, General & Administrative Expenses |
$262.76 M
|
$257.64 M
|
$228.88 M
|
$220.32 M
|
$198.10 M
|
$196.86 M
|
$196.36 M
|
$191.00 M
|
$196.09 M
|
$176.12 M
|
Other Expenses |
$189.76 M
|
$175.09 M
|
$181.69 M
|
$234.40 M
|
$192.07 M
|
$145.72 M
|
$123.03 M
|
$127.46 M
|
$123.23 M
|
$128.20 M
|
Operating Expenses |
$452.51 M
|
$432.72 M
|
$410.57 M
|
$454.71 M
|
$390.17 M
|
$342.57 M
|
$319.40 M
|
$318.46 M
|
$319.33 M
|
$304.32 M
|
Cost And Expenses |
$801.55 M
|
$726.11 M
|
$506.31 M
|
$454.21 M
|
$653.81 M
|
$491.20 M
|
$477.97 M
|
$558.66 M
|
$508.41 M
|
$579.93 M
|
Interest Income |
$1.10 B
|
$1.02 B
|
$862.61 M
|
$794.71 M
|
$692.98 M
|
$675.90 M
|
$624.97 M
|
$588.42 M
|
$585.29 M
|
$605.57 M
|
Interest Expense |
$287.67 M
|
$226.38 M
|
$67.32 M
|
$64.78 M
|
$92.66 M
|
$108.82 M
|
$99.58 M
|
$96.87 M
|
$101.17 M
|
$103.30 M
|
Depreciation & Amortization |
$25.00 M
|
$28.24 M
|
$31.11 M
|
$36.37 M
|
$25.98 M
|
$20.68 M
|
$18.62 M
|
$20.83 M
|
$22.55 M
|
$26.20 M
|
EBITDA |
$416.20 M |
$425.67 M |
$478.69 M |
$464.19 M |
$142.09 M |
$260.05 M |
$209.26 M |
$82.81 M |
$152.80 M |
$53.92 M |
EBITDA Ratio |
0.35
|
0.38
|
0.5
|
0.53
|
0.18
|
0.36
|
0.31
|
0.13
|
0.24
|
0.09
|
Operating Income Ratio |
0.33
|
0.35
|
0.47
|
0.49
|
0.15
|
0.33
|
0.29
|
0.1
|
0.2
|
0.05
|
Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
Income Before Tax |
$391.21 M
|
$397.44 M
|
$447.58 M
|
$427.82 M
|
$116.32 M
|
$239.37 M
|
$190.64 M
|
$61.98 M
|
$130.26 M
|
$27.72 M
|
Income Before Tax Ratio |
0.33
|
0.35
|
0.47
|
0.49
|
0.15
|
0.33
|
0.29
|
0.1
|
0.2
|
0.05
|
Income Tax Expense |
$92.48 M
|
$94.57 M
|
$142.51 M
|
$146.79 M
|
$14.05 M
|
$72.00 M
|
-$10.97 M
|
-$4.97 M
|
$37.03 M
|
$6.42 M
|
Net Income |
$298.72 M
|
$302.86 M
|
$305.07 M
|
$281.03 M
|
$102.27 M
|
$167.38 M
|
$201.61 M
|
$66.96 M
|
$93.23 M
|
$21.30 M
|
Net Income Ratio |
0.25
|
0.27
|
0.32
|
0.32
|
0.13
|
0.23
|
0.3
|
0.11
|
0.15
|
0.04
|
EPS |
1.82 |
1.72 |
1.6 |
1.32 |
0.46 |
0.76 |
0.92 |
0.3 |
0.44 |
0.1 |
EPS Diluted |
1.81 |
1.71 |
1.59 |
1.31 |
0.46 |
0.76 |
0.92 |
0.3 |
0.43 |
0.1 |
Weighted Average Shares Out |
$164.55 M
|
$176.50 M
|
$190.81 M
|
$210.12 M
|
$216.90 M
|
$216.61 M
|
$215.71 M
|
$213.96 M
|
$212.82 M
|
$211.46 M
|
Weighted Average Shares Out Diluted |
$165.27 M
|
$177.18 M
|
$191.97 M
|
$211.30 M
|
$217.67 M
|
$217.13 M
|
$216.68 M
|
$216.12 M
|
$215.79 M
|
$212.97 M
|
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