First BanCorp FBP Leasehold improvements

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Questions, answered.

What is First BanCorp's leasehold improvements?

First BanCorp (FBP) reported leasehold improvements of $78.12M in Q4 2025.

How has First BanCorp's leasehold improvements changed year-over-year?

First BanCorp's leasehold improvements decreased by 1.7% year-over-year, from $79.5M to $78.12M.

What is the long-term trend for First BanCorp's leasehold improvements?

Over 5 years (2020 to 2025), First BanCorp's leasehold improvements has grown at a -1.0% compound annual growth rate (CAGR), from $82.03M to $78.12M.

What does leasehold improvements mean?

This represents the capitalized costs of alterations and improvements made to leased office spaces or branch facilities. These assets are amortized over the shorter of the lease term or the useful life of the improvement. It reflects the bank's investment in its physical infrastructure and branch network footprint.