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First BanCorp FBP Alternative minimum tax

Alternative minimum tax at other companies

OFG Bancorp logo
OFG BancorpOFG
$193K-98.6%

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$4.09B+29.1%
Enterprise value$3.92B+80.7%
P/E11.5×+1.0×
P/S+0.7×

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:DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax.

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 alternative minimum tax?
First BanCorp (FBP) reported alternative minimum tax of $25.36M in Q4 2025.
How has First BanCorp's alternative minimum tax changed year-over-year?
First BanCorp's alternative minimum tax decreased by 23.7% year-over-year, from $33.22M to $25.36M.
What is the long-term trend for First BanCorp's alternative minimum tax?
Over 4 years (2021 to 2025), First BanCorp's alternative minimum tax has grown at a -9.2% compound annual growth rate (CAGR), from $37.36M to $25.36M.
What does alternative minimum tax mean?
Represents the value of tax credits generated under alternative minimum tax rules that are carried forward to offset future tax liabilities. This asset reflects potential future tax savings that the company expects to realize based on its tax planning strategies. It is a key indicator of the company's ability to utilize historical tax positions to improve future cash flows.