Filing Flows › First Bancorp (FBP) › Q2 2025
First Bancorp (FBP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
First Bancorp (FBP) reported revenue of $247M for the second quarter 2025 (Q2 2025), +7% from a year earlier and -0.5% from the quarter before. Operating margin was 41.7%, net earnings $80.2M (32.5% of revenue).
First Bancorp, Q2 2025: revenue $247M (+6% year over year), operating margin 41.7%, net earnings $80.2M, operating cash flow $95.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $247M | -0.5% | +7% |
| Operating profit | $103M | +3% | +1% |
| Net earnings | $80.2M | +4% | +6% |
| Operating cash flow | $95.4M | -12% | +34% |
| Free cash flow | $92.8M | -13% | +34% |
What changed
Revenue was $246.8M in Q2 2025, up 7% year over year and down 1% from the previous quarter.
Operating profit was $102.9M, a 41.7% margin (down 2.1 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 44% margin then. Total costs grew 10% against revenue growth of 7%. The fastest-growing cost line was Credit loss provision (+77%). Net earnings were $80.2M, up 6% year over year. The effective tax rate was 22.1%.
Operating cash flow was $95.4M (up 34% year over year), 119% of net earnings. Non-cash charges added back $2.1M of share-based compensation. Working capital and other items added $13.1M. Capital expenditures of $2.6M left free cash flow of $92.8M.
Questions
What was First Bancorp's revenue in the second quarter 2025?
First Bancorp (FBP) reported revenue of $247M for the second quarter 2025 (Q2 2025), +7% from a year earlier and -0.5% from the quarter before.
Was First Bancorp profitable in the second quarter 2025?
Operating profit was $103M (41.7% of revenue) and net earnings $80.2M.
Source: First Bancorp 10-Q on SEC EDGAR.