First Bancorp (FBP) Tax Provisions (2010 - 2026)
First Bancorp's (FBP) quarterly Tax Provisions came in at $24.1 million in Q2 2026, up 6.14% year-over-year from $22.7 million in Q2 2025, and down 5.49% quarter-over-quarter from $25.5 million in Q1 2026.
Analysis
First Bancorp (FBP) Tax Provisions (2010 - 2026) Analysis & Trends
First Bancorp (FBP) has reported Tax Provisions for 17 consecutive years, with $24.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Provisions rose 6.14% year-over-year to $24.1 million in Q2 2026; TTM through Jun 2026 was $75.5 million, a 15.07% decrease from a year earlier, with the FY2025 full-year figure at $71.9 million, down 22.29% from the prior year.
- Tax Provisions was $24.1 million for Q2 2026 at First Bancorp, down from $25.5 million in the prior quarter.
- Over five years, Tax Provisions peaked at $43.0 million in Q1 2022 and troughed at $5.4 million in Q4 2023.
- A 5-year average of $25.1 million and a median of $24.8 million in 2026 frame the typical range for Tax Provisions.
- Across the five-year window, Tax Provisions plunged 83.87% in 2023 and surged 277.57% in 2024, its largest moves.
- Over 5 years, Tax Provisions stood at $33.3 million in 2022, then tumbled by 83.87% to $5.4 million in 2023, then surged by 277.57% to $20.3 million in 2024, then slipped by 0.28% to $20.2 million in 2025, then grew by 19.15% to $24.1 million in 2026.
- The last three Tax Provisions figures came in at $24.1 million (Q2 2026), $25.5 million (Q1 2026), and $20.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 919.35 Bn | 919.35 Bn | - | -51.13 Bn |
| 2 | Truist Financial | 59.39 Bn | 59.39 Bn | - | 262.00 Mn |
| 3 | Fifth Third Bancorp | 47.81 Bn | 24.08 Bn | - | 235.00 Mn |
| 4 | M&T Bank | 32.95 Bn | 32.95 Bn | - | 245.00 Mn |
| 5 | Huntington Bancshares | 31.91 Bn | 27.38 Bn | - | 165.00 Mn |
| 6 | Citizens Financial | 28.21 Bn | 28.21 Bn | - | 168.00 Mn |
| 7 | Regions Financial | 24.29 Bn | 24.29 Bn | - | 148.00 Mn |
| 8 | First Citizens Bancshares | 24.20 Bn | 23.68 Bn | 29.00 Mn | 219.00 Mn |
| 9 | Keycorp | 22.15 Bn | -25.54 Bn | - | 139.00 Mn |
| 10 | First Bancorp | 4.23 Bn | -15.48 Bn | - | 24.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.10 Mn |
| Mar 31, 2026 | 25.50 Mn |
| Dec 31, 2025 | 20.23 Mn |
| Sep 30, 2025 | 5.70 Mn |
| Jun 30, 2025 | 22.71 Mn |
| Mar 31, 2025 | 23.24 Mn |
| Dec 31, 2024 | 20.28 Mn |
| Sep 30, 2024 | 22.70 Mn |
| Jun 30, 2024 | 25.54 Mn |
| Mar 31, 2024 | 23.96 Mn |
| Dec 31, 2023 | 5.37 Mn |
| Sep 30, 2023 | 27.00 Mn |
| Jun 30, 2023 | 30.30 Mn |
| Mar 31, 2023 | 31.94 Mn |
| Dec 31, 2022 | 33.31 Mn |
| Sep 30, 2022 | 32.03 Mn |
| Jun 30, 2022 | 34.10 Mn |
| Mar 31, 2022 | 43.03 Mn |
| Dec 31, 2021 | 41.59 Mn |
| Sep 30, 2021 | 37.10 Mn |