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

Other segment segments

Consumer Retail Banking

$36.26M-4.2%

United States Operations

$15.05M-3.4%

Commercial And Corporate

$3.85M+1.8%

Treasury And Investments

$2.37M-57.5%

Virgin Islands Operations

$1.37M-27.9%

Similar metrics at other companies

NVRMortgage Banking — Interest Expense, Operating and Nonoperating

$333K+22.0%

RDNMortgage Segment Operating — Interest Expense

$10M+2,253%

PFSIMortgage Banking Lending Sector — Operating Expenses

$273.35M+47.0%

RDNMortgage Segment Operating — Operating Expenses

$20M-25.9%

PFSIMortgage Banking Lending Sector — Interest Income Operating

$113M+32.5%

PFSIMortgage Banking Lending Sector — Interest Expense Before Non Segment Activities

$95.59M+24.9%

Other financials

Income statement

See full

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:InterestExpenseOperating.

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 mortgage banking — interest expense operating?: First BanCorp (FBP) reported mortgage banking — interest expense operating of $0 in Q1 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.