Valuation, from the filing
| Public float | $3.24B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $20.68 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 9.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 2.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
9.4× earnings today, against a median of 9.0× across 10 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $3.24B | 9.4× | |
| 2024-06-30 | $2.87B | 9.6× | |
| 2023-06-30 | $2.10B | 6.9× | |
| 2022-06-30 | $2.37B | 7.8× | |
| 2021-06-30 | $2.42B | 8.6× | |
| 2020-06-30 | $1.17B | 11.5× | |
| 2019-06-30 | $2.33B | 13.9× | |
| 2018-06-30 | $1.61B | 8.0× | |
| 2017-06-30 | $914.19M | 13.7× | |
| 2016-06-30 | $501.75M | 5.4× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the State Commercial Banks filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| CapEx / revenue | 0.9% | 7th | |
| SBC / revenue | 0.8% | 10th | |
| Effective tax rate | 17.2% | 15th | |
| FCF margin | 34.9% | 29th | |
| Net margin | 27.5% | 31th | |
| Revenue YoY growth | 2.4% | 38th | |
| Long-term debt / equity | 0.15x | 47th |
FIRST BANCORP /PR/ (FBP) reported revenue of $264.86M and net income of $96.15M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from FIRST BANCORP /PR/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under State Commercial Banks.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $264.86M | $258.64M | $257.17M | $248.71M | $246.81M | $248.13M | $241.47M | $234.57M | $231.67M | $230.50M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $96.15M | $88.78M | $87.10M | $100.53M | $80.18M | $77.06M | $75.70M | $73.73M | $75.84M | $73.46M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 154.16M | shares 156.10M | Unavailable | shares 160.09M | shares 161.51M | shares 163.75M | Unavailable | shares 163.87M | shares 165.54M | shares 167.80M |
| Pretax income | $120.21M | $114.26M | $107.33M | $106.22M | $102.88M | $100.30M | $96.03M | $96.39M | $101.38M | $97.41M |
| Income tax expense | $24.05M | $25.48M | $20.23M | $5.70M | $22.70M | $23.24M | $20.33M | $22.66M | $25.54M | $23.96M |
| Diluted EPS | $0.62 | $0.57 | Unavailable | $0.63 | $0.50 | $0.47 | Unavailable | $0.45 | $0.46 | $0.44 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total assets | $19.24B | $19.09B | $19.13B | $19.32B | $18.90B | $19.11B | $19.29B | $18.86B | $18.88B | $18.89B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $17.26B | $17.12B | $17.17B | $17.40B | $17.05B | $17.33B | $17.62B | $17.16B | $17.39B | $17.41B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $1.98B | $1.97B | $1.97B | $1.92B | $1.85B | $1.78B | $1.67B | $1.70B | $1.49B | $1.48B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $38.61M | $38.61M | $38.61M | $38.61M | $38.61M | $38.61M | $38.61M | $38.61M | $38.61M | $38.61M |
| Long-term debt | $200.00M | $200.00M | $290.00M | $290.00M | $320.00M | $331.14M | $561.70M | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $92.22M | $121.09M | $107.26M | $137.63M | $95.45M | $108.22M | $96.80M | $117.96M | $71.14M | $118.25M |
| Capital expenditures | $5.04M | $5.17M | $4.08M | $2.86M | $2.61M | $1.48M | $1.62M | $2.53M | $1.72M | $4.14M |
| Investing cash flow | -$210.58M | -$62.22M | -$73.86M | -$121.87M | -$368.22M | $393.55M | -$77.56M | $202.45M | -$28.33M | $39.68M |
| Financing cash flow | $128.79M | -$166.57M | -$274.38M | $147.10M | -$318.79M | -$332.91M | $454.80M | -$221.32M | -$141.05M | -$136.57M |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Stock-based compensation | $2.50M | $3.92M | $2.11M | $2.11M | $2.14M | $3.74M | $1.92M | $1.94M | $1.92M | $2.92M |
| Common dividends paid | $30.99M | $32.08M | $28.02M | $28.48M | $29.70M | $29.32M | $26.07M | $26.04M | $26.84M | $26.63M |
| Common share repurchases | $50.31M | $54.63M | $50.01M | $50.13M | $28.66M | $24.87M | $24.00K | $770.00K | $49.24M | $52.35M |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $87.18M | $115.92M | $103.18M | $134.77M | $92.84M | $106.73M | $95.18M | $115.43M | $69.43M | $114.11M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | 32.9% | 44.8% | 40.1% | 54.2% | 37.6% | 43.0% | 39.4% | 49.2% | 30.0% | 49.5% |
| SBC / revenue | 0.9% | 1.5% | 0.8% | 0.8% | 0.9% | 1.5% | 0.8% | 0.8% | 0.8% | 1.3% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 7.3% | 4.2% | 6.5% | 6.0% | 6.5% | 7.6% | 4.9% | 2.0% | -1.9% | -1.2% |
| Net margin | 36.3% | 34.3% | 33.9% | 40.4% | 32.5% | 31.1% | 31.4% | 31.4% | 32.7% | 31.9% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 1.9% | 2.0% | 1.6% | 1.2% | 1.1% | 0.6% | 0.7% | 1.1% | 0.7% | 1.8% |
| Long-term debt / equity | 0.10x | 0.10x | 0.15x | 0.15x | Unavailable | Unavailable | 0.34x | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 20.0% | 22.3% | 18.8% | 5.4% | 22.1% | 23.2% | 21.2% | 23.5% | 25.2% | 24.6% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FBP in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.