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Banks · Financial Services · Fiscal year ends Dec 31
First Bancorp reported revenue of $1B in the fiscal year ended Dec 2025, up 6.7% from the year before. Net income was $345M. Operating cash flow of $449M less capital expenditure of $11M left free cash flow of $438M. It held more cash than debt (net cash $369M).
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 | 851 | 918 | 930 | 938 | 1,001 |
| Net interest incomeBanks | 730 | 795 | 797 | 807 | 869 |
| Interest expense | 64.8 | 67.3 | 226 | 288 | 254 |
| Pre-tax income | 428 | 448 | 397 | 391 | 417 |
| Income tax | 147 | 143 | 94.6 | 92.5 | 71.9 |
| Net income | 281 | 305 | 303 | 299 | 345 |
| Diluted EPS | 1.31 | 1.59 | 1.71 | 1.81 | 2.15 |
| Diluted shares | 211 | 192 | 177 | 165 | 161 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 2,543 | 481 | 663 | 1,159 | 659 |
| Net PP&E | 146 | 143 | 142 | 133 | 127 |
| Goodwill | 38.6 | 38.6 | 38.6 | 38.6 | 38.6 |
| Total assets | 20,785 | 18,634 | 18,910 | 19,293 | 19,133 |
| Deferred revenue | 1.4 | 0.8 | – | – | – |
| Short-term debt | – | – | – | – | 0.0 |
| Long-term debt | – | – | 662 | 562 | 290 |
| DepositsBanks | 17,785 | 16,143 | 16,556 | 16,871 | 16,670 |
| Total liabilities | 18,684 | 17,309 | 17,412 | 17,624 | 17,166 |
| Shareholders' equity | 2,102 | 1,326 | 1,498 | 1,669 | 1,967 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 400 | 440 | 363 | 404 | 449 |
| Capital expenditure | 13.3 | 20.5 | 22.6 | 10.0 | 11.0 |
| Free cash flow | 386 | 420 | 340 | 394 | 438 |
| Depreciation & amortisation | 25.0 | 22.3 | 20.5 | 18.6 | 17.2 |
| Stock-based compensation | 5.5 | 5.4 | 7.8 | 8.7 | 10.1 |
| Share buybacks | 217 | 278 | 203 | 102 | 154 |
| Dividends paid | 65.0 | 87.8 | 99.7 | 106 | 116 |
| Dividend per share | 0.31 | 0.46 | 0.56 | 0.64 | 0.72 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 7.9% | 1.2% | 0.9% | 6.7% |
| EPS growth (YoY) | – | 21.4% | 7.5% | 5.8% | 18.8% |
| Net margin | 33.0% | 33.2% | 32.6% | 31.8% | 34.5% |
| Return on equityBlank when equity is negative | 13.4% | 23.0% | 20.2% | 17.9% | 17.5% |
| Free cash flow margin | 45.4% | 45.7% | 36.6% | 42.0% | 43.7% |
| Cash conversion (CFO ÷ net income) | 1.42x | 1.44x | 1.20x | 1.35x | 1.30x |
| Debt ÷ equity | – | – | 0.44x | 0.34x | 0.15x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | – | −1.5 | −598 | −369 |
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.