What does mortgage banking — interest expense operating mean?

This represents the total interest expense incurred by the mortgage banking segment to fund its operations and lending activities. Monitoring this helps assess the segment's cost of funds and its impact on overall net interest margin.

First BanCorp (FBP) Mortgage Banking — Interest Expense Operating

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Other segment segments

Consumer Retail Banking

$36.8M-4.4%

United States Operations

$15.04M-1.2%

Commercial And Corporate

$3.77M+4.6%

Treasury And Investments

$1.61M-47.9%

Virgin Islands Operations

$1.36M-29.5%

Similar metrics at other companies

MBINMulti Family Mortgage Banking — Interest Expense Operating

$20K0.0%

HTHBanking — Interest Expense Operating

$51.46M-20.2%

UBCPBanking — Interest Expense Operating

$3.5M-2.6%

GSBCBanking — Interest Expense Operating

$22.97M-23.5%

MBINBanking — Interest Expense Operating

$85.27M-21.5%

HTHMortgage Origination — Interest Expense Operating

$14.5M-11.9%

Other financials

Income statement

See full

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

See full

Net margin36.2%+4.6pp

FCF margin42.8%+0.6pp

Returns & leverage

See full

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:InterestExpenseOperating.

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

Item 6.

FAQ

What is First BanCorp's mortgage banking — interest expense operating?: First BanCorp (FBP) reported mortgage banking — interest expense operating of $0 in Q2 2026.
What does mortgage banking — interest expense operating mean?: This represents the total interest expense incurred by the mortgage banking segment to fund its operations and lending activities. Monitoring this helps assess the segment's cost of funds and its impact on overall net interest margin.