FIRST BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME Years Ended December 31, 2025 and 2024
2024
2025
Interest and Dividend Income: Interest and fees on loans Inve T s a t x m a e b n le t securities: Other interest and dividends Interest Expense: Interest on deposits Interest on short-term debt Interest on long-term debt Net interest income Provision for Loan Losses:
$ 229,028,277 $ 205,556,846 853,270 396,885 246,710,451 219,037,641 51 16,485,586 343,267
1,018,769 1,380 12,063,761 91,812,146 1,665,785 93,477,931 - 4,461,633 2,185,306 3,035,120 11,977,479 1,172,619 83,079 1,957,219 20,410,822 42,280,008 6,509,189 (69,905) 23,827,369 72,546,661 68,962,238 13,511,459 -
Tax-exempt Interest on interest-bearing funds
93,201,469 19 1,262,675
94,464,163 152,246,288 125,559,710 14,461,590 137,784,698 121,098,077
Netlionatnerleosstseinscome after provision for Other service charges, commissions and fees Gain on sale of loans Gain on disposal of assets Realized gains (losses) on securities available-for-sale Noninterest Income: Trust department fees Service charges on deposit accounts Noninterest Expenses: Salaries and employee benefits Occupancy and equipment Loss (Gain) on sale of foreclosed properties Other operating expenses Other
2,322,912 3,112,262 11,065,445 1,526,685 23,795 Ǧ 2,287,671 20,338,770 44,803,223 6,695,281 (18,888) 25,748,304 77,227,920
Income before income taxes
80,895,548
Income Taxes Income taxes Net Income Earnings per common share
16,649,135 $ 64,246,413 $ 55,450,779 $ 3.34 $ 3.87
See Notes to Consolidated Financial Statements. 2025 Annual Report | 20
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