FIRST BANCORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.26B | $1.23B | $1.16B | $985.7M | $915.9M | $804.2M | $766.5M | $707.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $416.7M | $391.2M | $623.8M | $514.9M | $492.6M | $209.0M | $348.2M | $290.2M |
| Operating Margin | 33.2% | 31.9% | 54.0% | 52.2% | 53.8% | 26.0% | 45.4% | 41.0% |
| Interest Expense | — | — | $226.4M | $67.3M | $64.8M | $92.7M | $108.8M | $99.6M |
| Pretax Income | $416.7M | $391.2M | $397.4M | $447.6M | $427.8M | $116.3M | $239.4M | $190.6M |
| Income Tax Expense | $71.9M | $92.5M | $94.6M | $142.5M | $146.8M | $14.1M | $72.0M | $-11.0M |
| Net Income | $344.9M | $298.7M | $302.9M | $305.1M | $281.0M | $102.3M | $167.4M | $201.6M |
| Net Margin | 27.5% | 24.4% | 26.2% | 30.9% | 30.7% | 12.7% | 21.8% | 28.5% |
| EPS (Basic) | $2.16 | $1.82 | $1.72 | $1.60 | $1.32 | $0.46 | $0.00 | $0.00 |
| EPS (Diluted) | $2.15 | $1.81 | $1.71 | $1.59 | $1.31 | $0.46 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 160.0M | 164.5M | 176.5M | 190.8M | 210.1M | 216.9M | 217.0M | 216.1M |
| Shares Outstanding (Diluted) | 160.7M | 165.3M | 177.2M | 192.0M | 211.3M | 217.7M | 217.6M | 217.1M |
| Dividends Per Share | $0.72 | $0.64 | $0.56 | $0.46 | $0.31 | $0.20 | $0.00 | $0.00 |