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First BanCorp FBP Converted to term loans – Amortized cost

Converted to term loans – Amortized cost at other companies

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$43.35M+4.3%
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Independent Bank CorpINDB

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:FinancingReceivableRevolvingConvertedToTermLoan.

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 converted to term loans – amortized cost?
First BanCorp (FBP) reported converted to term loans – amortized cost of $0 in Q1 2026.
What does converted to term loans – amortized cost mean?
This represents the amortized cost of revolving credit lines that have been restructured or converted into fixed-term loan agreements. This conversion often occurs when a borrower faces liquidity challenges or requires a structured repayment plan. Monitoring this helps investors understand shifts in credit risk profiles and the bank's strategy for managing distressed assets.