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First BanCorp FBP Commercial And Corporate — Occupancy Net

Other segment segments

Consumer Retail Banking
$15.12M+1.9%
Virgin Islands Operations
$2.24M-3.7%
United States Operations
$1.86M-3.8%
Mortgage Banking
$1.34M-10.4%
Treasury And Investments
$169K-6.1%

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Other financials

Income statement

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Revenue$264.9M+7.3%
Net income$96.2M+19.9%
EPS (diluted)$0.62+24.0%

Balance sheet

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Cash & equivalents$561.3M-23.8%
Total debt$200.0M-37.5%
Total equity$2.0B+7.1%
Total assets$19.2B+1.8%

Cash flow

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Operating cash flow$92.2M-3.4%
CapEx$5.0M+93.1%
Free cash flow$87.2M-6.1%

Valuation

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Market cap$4.44B+34.9%
Enterprise value$4.08B+41.9%
P/E11.9×+1.2×
P/S4.3×+0.9×

Profitability

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Net margin36.2%+4.6pp
FCF margin42.8%+0.6pp

Returns & leverage

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Return on equity19.5%+1.1pp
Debt / equity0.1×-0.1×

Where this comes from

Reported directly by First BanCorp in its filing.

Tagged under the XBRL concept us-gaap:OccupancyNet.

The source filing: First BanCorp’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 12:39 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001057706-26-000023

1,386

Item 6.

FAQ

What is First BanCorp's commercial and corporate — occupancy net?
First BanCorp (FBP) reported commercial and corporate — occupancy net of $1.39M in Q2 2026.
How has First BanCorp's commercial and corporate — occupancy net changed year-over-year?
First BanCorp's commercial and corporate — occupancy net decreased by 9.4% year-over-year, from $1.53M to $1.39M.
What is the long-term trend for First BanCorp's commercial and corporate — occupancy net?
Over 3 years (2022 to 2025), First BanCorp's commercial and corporate — occupancy net has grown at a 2.8% compound annual growth rate (CAGR), from $5.45M to $5.92M.
What does commercial and corporate — occupancy net mean?
Captures the net costs associated with maintaining physical office space and facilities utilized by the Commercial and Corporate banking division. This includes rent, utilities, maintenance, and depreciation of property assets allocated to this specific business unit. It serves as a key indicator of the overhead burden required to sustain the segment's physical footprint.

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