Filing Flows › First Bancorp (FBP) › Q2 2026
First Bancorp (FBP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
First Bancorp (FBP) reported revenue of $265M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +2% from the quarter before. Operating margin was 45.4%, net earnings $96.2M (36.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $265M | +2% | +7% |
| Operating profit | $120M | +5% | +17% |
| Net earnings | $96.2M | +8% | +20% |
| Operating cash flow | $92.2M | -24% | -3% |
| Free cash flow | $87.2M | -25% | -6% |
What changed
Revenue was $264.9M in Q2 2026, up 7% year over year and up 2% from the previous quarter. Consumer (Retail) Banking Segment was the largest line at 65% of revenue. Commercial and Corporate Segment added $7.2M year over year (up 16%), 40% of the total change.
Operating profit was $120.2M, a 45.4% margin (up 3.7 points year over year). Of the extra revenue versus Q2 2025, 96% reached operating profit, above the 42% margin then. Total costs grew 1% against revenue growth of 7%. Net earnings were $96.2M, up 20% year over year. The effective tax rate was 20.0%.
Operating cash flow was $92.2M (down 3% year over year), 96% of net earnings. Non-cash charges added back $2.5M of share-based compensation. Working capital and other items used $6.4M. Capital expenditures of $5.0M left free cash flow of $87.2M.
Questions
What was First Bancorp's revenue in the second quarter 2026?
First Bancorp (FBP) reported revenue of $265M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +2% from the quarter before.
Was First Bancorp profitable in the second quarter 2026?
Operating profit was $120M (45.4% of revenue) and net earnings $96.2M.
Source: First Bancorp 10-Q on SEC EDGAR.