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First BanCorp FBP Consumer Retail Banking — Occupancy Net

Other segment segments

Virgin Islands Operations
$2.1M-9.8%
United States Operations
$1.86M-1.1%
Mortgage Banking
$1.38M-9.2%
Commercial And Corporate
$1.35M-15.8%
Treasury And Investments
$179K+3.5%

Similar metrics at other companies

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FHBRetail Banking Business — Occupancy Net
$7.98M+9.4%
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AUBConsumer Banking — Occupancy Net
$8.39M+62.3%
Community Financial System logo
CBUBanking And Corporate Services — Occupancy Net
$13.29M+18.8%
WesBanco logo
WSBCCommunity Banking — Occupancy Net
$8.46M+9.5%
Valley National Bank logo
VLYConsumer Banking — Net occupancy expense
$5.19M+10.4%
First Hawaiian, Inc. logo
FHBCommercial Banking Business — Occupancy Net
$486K-1.8%

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$3.9B+5.9%
Enterprise value$3.73B+47.2%
P/E10.9×-1.2×
P/S3.9×0.0×

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:OccupancyNet.

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 consumer retail banking — occupancy net?
First BanCorp (FBP) reported consumer retail banking — occupancy net of $15.2M in Q1 2026.
How has First BanCorp's consumer retail banking — occupancy net changed year-over-year?
First BanCorp's consumer retail banking — occupancy net increased by 0.5% year-over-year, from $15.13M to $15.2M.
What is the long-term trend for First BanCorp's consumer retail banking — occupancy net?
Over 3 years (2022 to 2025), First BanCorp's consumer retail banking — occupancy net has grown at a 1.0% compound annual growth rate (CAGR), from $58.04M to $59.86M.
What does consumer retail banking — occupancy net mean?
Measures the net costs associated with maintaining physical branch locations and administrative offices for the retail banking division, including rent, utilities, and maintenance. It serves as a proxy for the overhead burden of a brick-and-mortar distribution strategy.