First Bancorp income statement
In fiscal 2025, First Bancorp reported revenue of $390m, up 11.5% on the year before and net income of $111m, or $2.68 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 197 | 156 | 158 | 137 | 160 | 146 | 139 | 149 | 214 | 266 | 276 | 299 | 320 | 393 | 404 | 350 | 390 | 463 |
| Interest expense | 49 | 32 | 24 | 17 | 11 | 8 | 7 | 8 | 13 | 24 | 34 | 20 | 10 | 16 | 142 | — | — | — |
| Net interest income | 107 | 127 | 132 | 135 | 137 | 132 | 120 | 123 | 165 | 207 | 216 | 218 | 246 | 325 | 347 | 332 | 398 | 439 |
| Non-interest income | 90 | 29 | 26 | 1 | 23 | 14 | 19 | 26 | 49 | 59 | 60 | 81 | 74 | 68 | 57 | 18 | −8 | 24 |
| Non-interest expense | 79 | 87 | 96 | 97 | 97 | 97 | 98 | 107 | 145 | 156 | 157 | 161 | 185 | 195 | 254 | 236 | 239 | 249 |
| Provision for credit losses | 20 | 55 | 41 | 80 | 31 | 10 | −1 | −0 | 1 | −4 | 2 | 35 | 15 | 12 | 18 | 16 | 12 | 10 |
| Income before tax | 98 | 15 | 21 | −40 | 33 | 39 | 41 | 42 | 68 | 113 | 116 | 103 | 120 | 185 | 132 | 98 | 140 | 204 |
| Income tax | 38 | 5 | 7 | −17 | 12 | 14 | 14 | 15 | 22 | 24 | 24 | 22 | 25 | 38 | 28 | 22 | 28 | 40 |
| Net income | 56 | 10 | 14 | −23 | 21 | 25 | 27 | 28 | 46 | 89 | 92 | 81 | 96 | 147 | 104 | 76 | 111 | 164 |
| Diluted EPS | $3.37 | $0.35 | $0.44 | −$1.54 | $0.98 | $1.19 | $1.30 | $1.33 | $1.82 | $3.01 | $3.10 | $2.81 | $3.19 | $4.12 | $2.53 | $1.84 | $2.68 | $3.96 |
| Diluted shares (average) | 17m | 17m | 17m | 17m | 20m | 20m | 20m | 21m | 25m | 30m | 30m | 29m | 30m | 36m | 41m | 41m | 41m | 41m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 66 | 106 | 111 | 90 | 84 | 122 | 127 | 130 |
| Net interest income | 89 | 93 | 97 | 103 | 106 | 107 | 111 | 115 |
| Non-interest income | −23 | 13 | 14 | −13 | −22 | 15 | 16 | 15 |
| Non-interest expense | 58 | 58 | 59 | 60 | 62 | 60 | 63 | 64 |
| Provision for credit losses | 1 | 1 | 2 | 3 | 5 | 3 | 1 | 1 |
| Income before tax | 7 | 47 | 50 | 26 | 17 | 59 | 63 | 65 |
| Income tax | 3 | 10 | 11 | 6 | 1 | 12 | 13 | 13 |
| Net income | 4 | 36 | 39 | 20 | 16 | 47 | 51 | 51 |
| Diluted EPS | $0.08 | $0.88 | $0.93 | $0.49 | $0.38 | $1.13 | $1.22 | $1.24 |
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