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First BanCorp FBP Gross charge-offs

Gross charge-offs at other companies

Customers Bancorp logo
Customers BancorpCUBI
$17.33M+1.0%
Western New England Bancorp logo
Western New England BancorpWNEB
$1.86M+2,140%

Segments

By geography

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PR And VI$27.67M

Other financials

Income statement

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Revenue$264.9M+7.3%
Net income$96.2M+19.9%
EPS (diluted)$0.62+24.0%

Balance sheet

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Cash & equivalents$561.3M-23.8%
Total debt$200.0M-37.5%
Total equity$2.0B+7.1%
Total assets$19.2B+1.8%

Cash flow

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Operating cash flow$92.2M-3.4%
CapEx$5.0M+93.1%
Free cash flow$87.2M-6.1%

Valuation

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Market cap$4.44B+34.9%
Enterprise value$4.08B+41.9%
P/E11.9×+1.2×
P/S4.3×+0.9×

Profitability

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Net margin36.2%+4.6pp
FCF margin42.8%+0.6pp

Returns & leverage

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Return on equity19.5%+1.1pp
Debt / equity0.1×-0.1×

Where this comes from

Reported directly by First BanCorp in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff.

The source filing: First BanCorp’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 12:39 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001057706-26-000023

(22,191)

Item 6.

FAQ

What is First BanCorp's gross charge-offs?
First BanCorp (FBP) reported gross charge-offs of $22.19M in Q2 2026.
How has First BanCorp's gross charge-offs changed year-over-year?
First BanCorp's gross charge-offs decreased by 9.5% year-over-year, from $24.53M to $22.19M.
What is the long-term trend for First BanCorp's gross charge-offs?
Over 4 years (2021 to 2025), First BanCorp's gross charge-offs has grown at a 6.5% compound annual growth rate (CAGR), from $80.71M to $103.92M.
What does gross charge-offs mean?
The total amount of financing receivables written off against the allowance for credit losses during the period. This represents the realized credit losses from the loan portfolio that are deemed uncollectible.

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