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Banks · Financial Services · Fiscal year ends Dec 31
First Bancorp reported revenue of $68M in the fiscal year ended Dec 2025, down 3.6% from the year before. Net income was $111M. Operating cash flow of $203M less capital expenditure of $4M left free cash flow of $199M. It held more cash than debt (net cash $235M).
Ranks among the 59 banks companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 25.3 | 17.4 | 32.8 | 70.1 | 67.6 |
| Net interest incomeBanks | 246 | 325 | 347 | 332 | 398 |
| Interest expense | 9.5 | 16.1 | 142 | 187 | 159 |
| Pre-tax income | 120 | 185 | 132 | 98.1 | 140 |
| Income tax | 24.7 | 38.3 | 27.8 | 21.9 | 28.5 |
| Net income | 95.6 | 147 | 104 | 76.2 | 111 |
| Diluted EPS | 3.19 | 4.12 | 2.53 | 1.84 | 2.68 |
| Diluted shares | 30.0 | 35.7 | 41.2 | 41.3 | 41.5 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 461 | 270 | 238 | 508 | 310 |
| Net PP&E | 136 | 134 | 151 | 143 | 139 |
| Goodwill | 364 | 364 | 479 | 479 | 479 |
| Total assets | 10,509 | 10,625 | 12,115 | 12,148 | 12,668 |
| Deferred revenue | 0.1 | – | – | – | – |
| Short-term debt | 0.0 | 221 | 529 | 0.0 | 0.0 |
| Long-term debt | 67.4 | 288 | 630 | 91.9 | 74.6 |
| DepositsBanks | 9,125 | 9,228 | 10,032 | 10,531 | 10,748 |
| Total liabilities | 9,278 | 9,593 | 10,743 | 10,702 | 11,014 |
| Shareholders' equity | 1,231 | 1,032 | 1,372 | 1,446 | 1,654 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 142 | 231 | 131 | 175 | 203 |
| Capital expenditure | 9.4 | 5.3 | 4.4 | 2.7 | 4.2 |
| Free cash flow | 133 | 225 | 127 | 172 | 199 |
| Depreciation & amortisation | 6.2 | 6.9 | 7.8 | 7.8 | 6.8 |
| Stock-based compensation | 2.3 | 3.0 | 5.1 | 4.9 | 3.8 |
| Acquisitions | −209 | 0.0 | −22.6 | 0.0 | 0.0 |
| Share buybacks | 4.0 | 0.0 | 0.0 | 0.0 | 1.0 |
| Dividends paid | 22.2 | 30.7 | 34.9 | 36.2 | 37.3 |
| Dividend per share | 0.80 | 0.88 | 0.88 | 0.88 | 0.91 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −31.1% | 88.1% | 113.7% | −3.6% |
| EPS growth (YoY) | – | 29.2% | −38.6% | −27.3% | 45.7% |
| Net margin | 377.7% | 842.1% | 317.3% | 108.7% | 164.2% |
| Return on equityBlank when equity is negative | 7.8% | 14.2% | 7.6% | 5.3% | 6.7% |
| Free cash flow margin | 524.9% | 1291.6% | 386.9% | 245.5% | 294.1% |
| Cash conversion (CFO ÷ net income) | 1.49x | 1.57x | 1.26x | 2.29x | 1.83x |
| Debt ÷ equity | 0.05x | 0.49x | 0.84x | 0.06x | 0.05x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −394 | 238 | 921 | −416 | −235 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.