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First BanCorp FBP Gain on termination of lease

Gain on termination of lease at other companies

Waystar Holding Corp. logo
Waystar Holding Corp.WAY
-$209.5K
The GEO Group logo
The GEO GroupGEO
$207K
RadNet logo
RadNetRDNT
$0+100%
Enphase Energy logo
Enphase EnergyENPH
$320K
First BanCorp logo
First BanCorpFBP
$125K+400%
Xometry, Inc. logo
Xometry, Inc.XMTR
$0-100%

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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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:GainLossOnTerminationOfLease.

The official record: First BanCorp’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First BanCorp's gain on termination of lease?
First BanCorp (FBP) reported gain on termination of lease of $125K in Q4 2024.
How has First BanCorp's gain on termination of lease changed year-over-year?
First BanCorp's gain on termination of lease increased by 400.0% year-over-year, from $25K to $125K.
What is the long-term trend for First BanCorp's gain on termination of lease?
Over 3 years (2021 to 2024), First BanCorp's gain on termination of lease has grown at a -27.3% compound annual growth rate (CAGR), from $1.3M to $500K.
What does gain on termination of lease mean?
The net gain or loss recognized upon the early termination or modification of lease agreements. This captures the financial impact of optimizing real estate footprints or exiting underutilized facilities.