Filing Flows › First Bancorp (FBP) › Q2 2026 › vs Q2 2025
First Bancorp (FBP) Q2 2026 vs Q2 2025 (year over year)
First Bancorp's revenue rose $18.1M (+7%) from $247M in Q2 2025 to $265M in Q2 2026. The biggest changes: Commercial and Corporate Segment +$7.2M (+16%); Consumer (Retail) Banking Segment +$3.4M (+2%); Mortgage Banking Activities +$573K (+3%). Operating margin 45.4% against 41.7% (+3.7 pts).
First Bancorp, Q2 2026: revenue $265M (+7% year over year), operating margin 45.4%, net earnings $96.2M, operating cash flow $92.2M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 45.4% | 41.7% | +3.7 pts |
| Net margin | 36.3% | 32.5% | +3.8 pts |
| Free cash flow margin | 32.9% | 37.6% | -4.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Consumer (Retail) Banking Segment | $172M | $168M | $3.4M | +2% |
| Commercial and Corporate Segment | $51.2M | $44.0M | $7.2M | +16% |
| Mortgage Banking Activities | $21.7M | $21.2M | $573K | +3% |
| Virgin Islands Operations Segment | $19.6M | $19.2M | $361K | +2% |
| Revenue | $265M | $247M | $18.1M | +7% |
| Operating profit | $120M | $103M | $17.3M | +17% |
| Costs & expenses | $145M | $144M | $733K | +0.5% |
| Pre-tax earnings | $120M | $103M | $17.3M | +17% |
| Credit loss provision | $17.3M | $20.6M | −$3.3M | -16% |
| Noninterest expense | $127M | $123M | $4.0M | +3% |
| Net earnings | $96.2M | $80.2M | $16.0M | +20% |
| Income tax | $24.1M | $22.7M | $1.3M | +6% |
| Share-based compensation | $2.5M | $2.1M | $362K | +17% |
| Working capital & other | $6.4M | −$13.1M | $19.6M | — |
| Operating cash flow | $92.2M | $95.4M | −$3.2M | -3% |
| Free cash flow (OCF − capex) | $87.2M | $92.8M | −$5.7M | -6% |
| Capital expenditures | $5.0M | $2.6M | $2.4M | +93% |
Questions
How much did First Bancorp's revenue grow year over year in Q2 2026?
First Bancorp's revenue rose $18.1M (+7%) from $247M in Q2 2025 to $265M in Q2 2026.
What drove First Bancorp's revenue change in Q2 2026?
Commercial and Corporate Segment +$7.2M (+16%); Consumer (Retail) Banking Segment +$3.4M (+2%); Mortgage Banking Activities +$573K (+3%).