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First BanCorp FBP Net addition to the allowance for credit losses

Net addition to the allowance for credit losses at other companies

Independent Bank Corp logo
Independent Bank CorpINDB
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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 us-gaap:FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease.

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 addition to the allowance for credit losses?
First BanCorp (FBP) reported net addition to the allowance for credit losses of -$3.9M in Q1 2026.
How has First BanCorp's net addition to the allowance for credit losses changed year-over-year?
First BanCorp's net addition to the allowance for credit losses decreased by 214.7% year-over-year, from $3.4M to -$3.9M.
What is the long-term trend for First BanCorp's net addition to the allowance for credit losses?
Over 2 years (2022 to 2024), First BanCorp's net addition to the allowance for credit losses has grown at a 45.1% compound annual growth rate (CAGR), from -$8.5M to -$17.9M.
What does net addition to the allowance for credit losses mean?
The net change in the total allowance for credit losses for financing receivables over the reporting period. This reflects management's updated assessment of expected credit losses and the overall credit quality of the loan portfolio.