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First BanCorp FBP Mortgage Banking — Marketing And Advertising Expense

Other segment segments

Consumer Retail Banking
$3.11M+29.3%
United States Operations
$338K+47.6%
Commercial And Corporate
$335K+55.1%
Virgin Islands Operations
$227K+12.4%
Treasury And Investments
$181K+0.6%

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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:MarketingAndAdvertisingExpense.

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

248

Item 6.

FAQ

What is First BanCorp's mortgage banking — marketing and advertising expense?
First BanCorp (FBP) reported mortgage banking — marketing and advertising expense of $248K in Q2 2026.
How has First BanCorp's mortgage banking — marketing and advertising expense changed year-over-year?
First BanCorp's mortgage banking — marketing and advertising expense decreased by 6.8% year-over-year, from $266K to $248K.
What is the long-term trend for First BanCorp's mortgage banking — marketing and advertising expense?
Over 3 years (2022 to 2025), First BanCorp's mortgage banking — marketing and advertising expense has grown at a -6.5% compound annual growth rate (CAGR), from $1.37M to $1.12M.
What does mortgage banking — marketing and advertising expense mean?
This metric measures the total expenditure dedicated to promoting mortgage products and services to potential borrowers. It reflects the investment in lead generation, brand awareness, and customer acquisition campaigns within the mortgage segment. Tracking this expense helps assess the cost-effectiveness of marketing strategies in driving mortgage loan volume.

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