First BanCorp FBP Mortgage Banking — Occupancy Net

Other segment segments

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FAQ

What is First BanCorp's mortgage banking — occupancy net?

First BanCorp (FBP) reported mortgage banking — occupancy net of $1.34M in Q2 2026.

How has First BanCorp's mortgage banking — occupancy net changed year-over-year?

First BanCorp's mortgage banking — occupancy net decreased by 10.4% year-over-year, from $1.5M to $1.34M.

What is the long-term trend for First BanCorp's mortgage banking — occupancy net?

Over 3 years (2022 to 2025), First BanCorp's mortgage banking — occupancy net has grown at a -4.2% compound annual growth rate (CAGR), from $6.65M to $5.85M.

What does mortgage banking — occupancy net mean?

This metric captures the net costs associated with maintaining physical office space and facilities utilized by the mortgage banking division. It accounts for rent, utilities, maintenance, and depreciation of property assets after offsetting any applicable sublease income. It serves as a key indicator of the fixed overhead burden required to maintain a physical presence for mortgage operations.