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First BanCorp FBP Allowance for credit losses

Allowance for credit losses at other companies

Customers Bancorp logo
Customers BancorpCUBI
$160.96M+14.1%
International Bancshares logo
International BancsharesIBOC
$160.44M+1.1%
First Financial Bancorp logo
First Financial BancorpFFBC
$183.72M+18.2%
Popular logo
PopularBPOP
$14.55M+2.7%
Independent Bank Corp logo
Independent Bank CorpINDB
$190.56M+32.2%
Regions Financial logo
Regions FinancialRF
$1.53B-5.3%

Other financials

Income statement

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Revenue$258.6M+4.2%
Net income$88.8M+15.2%
EPS (diluted)$0.57+21.3%

Balance sheet

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Cash & equivalents$550.9M-58.5%
Total debt$380.0M+14.8%
Total equity$2.0B+10.6%
Total assets$19.1B-0.1%

Cash flow

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Operating cash flow$121.1M+11.9%
CapEx$5.2M+248%
Free cash flow$115.9M+8.6%

Valuation

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Market cap$4.06B+5.9%

Profitability

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Net margin35.3%+3.6pp
FCF margin44.2%+3.7pp

Returns & leverage

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Return on equity19%+0.5pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by First BanCorp in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest.

The official record: First BanCorp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First BanCorp's allowance for credit losses?
First BanCorp (FBP) reported allowance for credit losses of $245.06M in Q1 2026.
How has First BanCorp's allowance for credit losses changed year-over-year?
First BanCorp's allowance for credit losses decreased by 0.9% year-over-year, from $247.27M to $245.06M.
What is the long-term trend for First BanCorp's allowance for credit losses?
Over 5 years (2020 to 2025), First BanCorp's allowance for credit losses has grown at a -8.4% compound annual growth rate (CAGR), from $385.89M to $249.04M.
What does allowance for credit losses mean?
Reserve held against the loan portfolio for estimated future credit losses under the CECL methodology — a contra-asset reducing net loans.