What is First BanCorp's net margin?

First BanCorp (FBP) reported net margin of 35.3% in Q1 2026.

How has First BanCorp's net margin changed year-over-year?

First BanCorp's net margin increased by 11.5% year-over-year, from 31.6% to 35.3%.

What is the long-term trend for First BanCorp's net margin?

Over 5 years (2020 to 2025), First BanCorp's net margin has grown at a 19.1% compound annual growth rate (CAGR), from 14.4% to 34.5%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

First BanCorp FBP Net margin

Net margin at other companies

First Financial BanksharesFFIN

40.6%0.0pp

International BancsharesIBOC

49%-0.5pp

First Hawaiian, Inc.FHB

32%+3.1pp

First Financial BancorpFFBC

28.7%+1.4pp

Independent Bank CorpINDB

25.8%-1.1pp

PopularBPOP

27.5%+4.4pp

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$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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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

Calculated from First BanCorp’s reported figures.

net income/total revenue=35.3%

Based on trailing twelve months.

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 net margin?: First BanCorp (FBP) reported net margin of 35.3% in Q1 2026.
How has First BanCorp's net margin changed year-over-year?: First BanCorp's net margin increased by 11.5% year-over-year, from 31.6% to 35.3%.
What is the long-term trend for First BanCorp's net margin?: Over 5 years (2020 to 2025), First BanCorp's net margin has grown at a 19.1% compound annual growth rate (CAGR), from 14.4% to 34.5%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.