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First BanCorp FBP Virgin Islands Operations — Direct Non Interest Expenses

Other segment segments

Consumer Retail Banking
$82.63M+8.4%
United States Operations
$11.65M+4.3%
Mortgage Banking
$10.94M-0.5%
Commercial And Corporate
$9.58M-17.5%
Treasury And Investments
$2.34M-10.1%

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PSMTCaribbean Operations — Interest Income, Other
$1.25M+145%

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$4.06B+5.9%

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 fbp:DirectNonInterestExpenses.

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 virgin islands operations — direct non interest expenses?
First BanCorp (FBP) reported virgin islands operations — direct non interest expenses of $9.97M in Q1 2026.
How has First BanCorp's virgin islands operations — direct non interest expenses changed year-over-year?
First BanCorp's virgin islands operations — direct non interest expenses decreased by 4.5% year-over-year, from $10.44M to $9.97M.
What is the long-term trend for First BanCorp's virgin islands operations — direct non interest expenses?
Over 4 years (2021 to 2025), First BanCorp's virgin islands operations — direct non interest expenses has grown at a 0.8% compound annual growth rate (CAGR), from -$42.89M to $44.31M.
What does virgin islands operations — direct non interest expenses mean?
The aggregate of all non-interest operating expenses directly attributable to the Virgin Islands segment, excluding interest-related costs. This metric is a primary indicator of the total cost structure required to operate the regional banking business.