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First BanCorp FBP Noncash Loan Securitizations

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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 fbp:NoncashLoanSecuritizations.

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 noncash loan securitizations?
First BanCorp (FBP) reported noncash loan securitizations of $41.13M in Q1 2026.
How has First BanCorp's noncash loan securitizations changed year-over-year?
First BanCorp's noncash loan securitizations decreased by 0.9% year-over-year, from $41.52M to $41.13M.
What is the long-term trend for First BanCorp's noncash loan securitizations?
Over 3 years (2021 to 2025), First BanCorp's noncash loan securitizations has grown at a -5.6% compound annual growth rate (CAGR), from $191.43M to $161.01M.
What does noncash loan securitizations mean?
Captures the volume of loans removed from the balance sheet through securitization processes where no immediate cash proceeds are received. This activity reflects the bank's strategy for managing capital and liquidity by converting loan assets into tradable securities. It is a key indicator of balance sheet management and off-balance-sheet financing activity.