First Historical Income Statement

FBP Stock

USD 21.11 0.15 0.71%

Historical analysis of First Bancorp income statement accounts such as Operating Income of 369.3 M or Ebit of 288.2 M can show how well First Bancorp performed in making a profits. Evaluating First Bancorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Bancorp's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining First Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Bancorp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in First Stock, please use our How to Invest in First Bancorp guide.

About First Income Statement Analysis

First Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Bancorp shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

First Bancorp Income Statement Chart

At this time, First Bancorp's Net Income is relatively stable compared to the past year. As of 11/28/2024, Income Tax Expense is likely to grow to about 99.3 M, while Operating Income is likely to drop slightly above 369.3 M.

Other Operating Expenses Operating Income Ebitda Selling General Administrative Gross Profit Tax Provision

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First Bancorp. It is also known as First Bancorp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from First Bancorp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of First Bancorp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of First Bancorp minus its cost of goods sold. It is profit before First Bancorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from First Bancorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in First Stock, please use our How to Invest in First Bancorp guide.At this time, First Bancorp's Net Income is relatively stable compared to the past year. As of 11/28/2024, Income Tax Expense is likely to grow to about 99.3 M, while Operating Income is likely to drop slightly above 369.3 M.

	2021	2022	2023	2024 (projected)
Operating Income	427.8M	514.9M	388.7M	369.3M
Other Operating Expenses	408.0M	47.8M	382.8M	363.7M

Operating Income Other Operating Expenses

First Bancorp income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Cost Of Revenue	Selling And Marketing Expenses	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Interest Expense		-0.02	0.0	0.14	0.15	0.51	-0.03	0.05	0.28	0.38	0.36	0.51	0.01	0.15	0.18	0.34	0.04	0.0	0.11	0.22	-0.02
Other Operating Expenses	-0.02		0.44	0.16	0.17	-0.52	0.28	0.32	0.16	0.38	0.62	0.66	0.41	0.05	-0.64	0.19	0.31	0.21	0.33	0.35	0.34
Operating Income	0.0	0.44		0.83	0.83	0.07	0.66	0.65	0.38	0.57	0.11	0.24	0.9	0.01	-0.78	0.67	0.66	0.82	0.88	0.83	0.77
Ebit	0.14	0.16	0.83		1.0	0.18	0.75	0.46	0.48	0.69	0.14	0.18	0.89	0.28	-0.66	0.6	0.78	0.81	0.79	0.73	0.69
Ebitda	0.15	0.17	0.83	1.0		0.17	0.74	0.46	0.52	0.71	0.16	0.2	0.88	0.27	-0.65	0.62	0.77	0.81	0.79	0.73	0.7
Total Operating Expenses	0.51	-0.52	0.07	0.18	0.17		0.19	0.0	-0.05	-0.09	-0.26	-0.03	0.16	0.12	0.14	0.35	0.17	0.2	0.26	0.36	0.1
Net Income	-0.03	0.28	0.66	0.75	0.74	0.19		-0.01	0.2	0.34	0.15	0.29	0.84	0.42	-0.75	0.57	0.99	0.59	0.63	0.61	0.55
Income Tax Expense	0.05	0.32	0.65	0.46	0.46	0.0	-0.01		0.23	0.38	0.05	0.15	0.54	-0.08	-0.42	0.17	0.01	0.65	0.61	0.57	0.59
Depreciation And Amortization	0.28	0.16	0.38	0.48	0.52	-0.05	0.2	0.23		0.76	0.44	0.35	0.31	-0.07	-0.2	0.61	0.32	0.5	0.46	0.4	0.55
Selling General Administrative	0.38	0.38	0.57	0.69	0.71	-0.09	0.34	0.38	0.76		0.56	0.42	0.51	0.09	-0.42	0.58	0.44	0.59	0.61	0.6	0.51
Total Revenue	0.36	0.62	0.11	0.14	0.16	-0.26	0.15	0.05	0.44	0.56		0.88	0.17	0.19	-0.29	0.24	0.22	0.14	0.14	0.21	0.18
Gross Profit	0.51	0.66	0.24	0.18	0.2	-0.03	0.29	0.15	0.35	0.42	0.88		0.34	0.23	-0.39	0.31	0.35	0.18	0.23	0.31	0.29
Income Before Tax	0.01	0.41	0.9	0.89	0.88	0.16	0.84	0.54	0.31	0.51	0.17	0.34		0.31	-0.87	0.59	0.84	0.85	0.87	0.83	0.78
Total Other Income Expense Net	0.15	0.05	0.01	0.28	0.27	0.12	0.42	-0.08	-0.07	0.09	0.19	0.23	0.31		-0.32	0.18	0.44	0.2	0.02	0.07	-0.12
Cost Of Revenue	0.18	-0.64	-0.78	-0.66	-0.65	0.14	-0.75	-0.42	-0.2	-0.42	-0.29	-0.39	-0.87	-0.32		-0.48	-0.75	-0.62	-0.7	-0.66	-0.58
Selling And Marketing Expenses	0.34	0.19	0.67	0.6	0.62	0.35	0.57	0.17	0.61	0.58	0.24	0.31	0.59	0.18	-0.48		0.63	0.59	0.67	0.7	0.45
Net Income From Continuing Ops	0.04	0.31	0.66	0.78	0.77	0.17	0.99	0.01	0.32	0.44	0.22	0.35	0.84	0.44	-0.75	0.63		0.6	0.64	0.62	0.56
Tax Provision	0.0	0.21	0.82	0.81	0.81	0.2	0.59	0.65	0.5	0.59	0.14	0.18	0.85	0.2	-0.62	0.59	0.6		0.91	0.86	0.87
Net Interest Income	0.11	0.33	0.88	0.79	0.79	0.26	0.63	0.61	0.46	0.61	0.14	0.23	0.87	0.02	-0.7	0.67	0.64	0.91		0.98	0.88
Interest Income	0.22	0.35	0.83	0.73	0.73	0.36	0.61	0.57	0.4	0.6	0.21	0.31	0.83	0.07	-0.66	0.7	0.62	0.86	0.98		0.8
Reconciled Depreciation	-0.02	0.34	0.77	0.69	0.7	0.1	0.55	0.59	0.55	0.51	0.18	0.29	0.78	-0.12	-0.58	0.45	0.56	0.87	0.88	0.8

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First Bancorp Account Relationship Matchups

First Bancorp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	108.8M	92.7M	64.8M	67.3M	226.4M	216.8M
Other Operating Expenses	408.4M	582.3M	408.0M	47.8M	382.8M	363.7M
Operating Income	239.4M	116.3M	427.8M	514.9M	388.7M	369.3M
Ebit	239.4M	116.1M	427.8M	514.9M	397.4M	288.2M
Ebitda	260.1M	142.1M	464.2M	546.0M	425.7M	311.6M
Total Operating Expenses	(408.4M)	(582.3M)	(408.0M)	47.8M	382.8M	363.7M
Net Income	167.4M	102.3M	281.0M	305.1M	302.9M	318.0M
Income Tax Expense	72.0M	14.1M	146.8M	142.5M	94.6M	99.3M
Depreciation And Amortization	20.7M	26.0M	36.4M	31.1M	28.2M	21.3M
Selling General Administrative	162.4M	175.9M	209.8M	206.0M	238.0M	119.6M
Total Revenue	647.7M	698.6M	835.9M	23.6M	863.3M	443.2M
Gross Profit	647.7M	698.6M	835.9M	23.6M	863.3M	906.4M
Income Before Tax	239.4M	116.3M	427.8M	447.6M	397.4M	417.3M
Total Other Income Expense Net	239.4M	(98.4M)	(112.6M)	(67.3M)	8.7M	9.2M
Net Income Applicable To Common Shares	164.7M	99.6M	281.0M	305.1M	350.8M	368.4M
Selling And Marketing Expenses	15.7M	12.1M	15.4M	18.2M	19.6M	16.6M
Net Income From Continuing Ops	167.4M	102.3M	281.0M	305.1M	296.5M	311.4M
Tax Provision	72.0M	14.1M	146.8M	142.5M	122.5M	64.2M
Net Interest Income	567.1M	600.3M	729.9M	795.3M	806.0M	672.5M
Interest Income	675.9M	693.0M	794.7M	862.6M	991.5M	784.9M
Reconciled Depreciation	20.7M	26.0M	36.4M	31.1M	28.8M	28.7M

Pair Trading with First Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Bancorp will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to First Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Bancorp to buy it.

The correlation of First Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for First Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for First Stock Analysis

When running First Bancorp's price analysis, check to measure First Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Bancorp is operating at the current time. Most of First Bancorp's value examination focuses on studying past and present price action to predict the probability of First Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Bancorp's price. Additionally, you may evaluate how the addition of First Bancorp to your portfolios can decrease your overall portfolio volatility.

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First Historical Income Statement

About First Income Statement Analysis

First Bancorp Income Statement Chart

Other Operating Expenses

Operating Income

Gross Profit

Tax Provision

First Bancorp income statement Correlations

First Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Bancorp income statement Accounts

Pair Trading with First Bancorp

Additional Tools for First Stock Analysis

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Ebitda	+ 1.0	Ebit
Net Income From Continuing Ops	+ 0.99	Net Income
Interest Income	+ 0.98	Net Interest Income
Net Interest Income	+ 0.91	Tax Provision
Income Before Tax	+ 0.9	Operating Income
Income Before Tax	+ 0.89	Ebit

Cost Of Revenue	- 0.87	Income Before Tax
Cost Of Revenue	- 0.78	Operating Income
Net Income From Continuing Ops	- 0.75	Cost Of Revenue
Cost Of Revenue	- 0.75	Net Income
Net Interest Income	- 0.7	Cost Of Revenue
Interest Income	- 0.66	Cost Of Revenue