Filing Flows › First Bancorp (FBP) › Q1 2026
First Bancorp (FBP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
First Bancorp (FBP) reported revenue of $259M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +0.6% from the quarter before. Operating margin was 44.2%, net earnings $88.8M (34.3% of revenue).
First Bancorp, Q1 2026: revenue $259M (+4% year over year), operating margin 44.2%, net earnings $88.8M, operating cash flow $121M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $259M | +0.6% | +4% |
| Operating profit | $114M | +6% | +14% |
| Net earnings | $88.8M | +2% | +15% |
| Operating cash flow | $121M | +13% | +12% |
| Free cash flow | $116M | +12% | +9% |
What changed
Revenue was $258.6M in Q1 2026, up 4% year over year and up 1% from the previous quarter.
Operating profit was $114.3M, a 44.2% margin (up 3.8 points year over year). Of the extra revenue versus Q1 2025, 133% reached operating profit, above the 40% margin then. Total costs fell 2% while revenue rose 4%. Net earnings were $88.8M, up 15% year over year. The effective tax rate was 22.3%.
Operating cash flow was $121.1M (up 12% year over year), 136% of net earnings. Non-cash charges added back $3.9M of share-based compensation. Working capital and other items added $28.4M. Capital expenditures of $5.2M left free cash flow of $115.9M.
Questions
What was First Bancorp's revenue in the first quarter 2026?
First Bancorp (FBP) reported revenue of $259M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +0.6% from the quarter before.
Was First Bancorp profitable in the first quarter 2026?
Operating profit was $114M (44.2% of revenue) and net earnings $88.8M.
Source: First Bancorp 10-Q on SEC EDGAR.