Company / Interest Expense
First BanCorp (Puerto Rico) Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$226.4M
FY2023
5-year range
$64.8M / $226.4M
FY2019-FY2023
Trend
+236.3%
vs FY2022
Sector context
#116 of 218
Financials
What the data says
Interest Expense changed +236% YoY in FY2023, a notable deviation from the 7-year average annual change of +27%.
Based on SEC 10-K filings.
$226M in FY2023 with a 5-year CAGR of +17.5%.
Increased from $65M to $226M over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +31.5%
- 5-Year CAGR
- +17.5%
- 10-Year CAGR
- -
Sector benchmark
#103 of 218 in FinancialsTop 47% of 218This company $226.4M Sector average $946.4M
▼
-76.1% below sector average
Key checks
Key Insights
- 5-year CAGR of +17.5%, indicating consistent growth.
- In FY2023, interest expense increased 236.3% year-over-year.
- Ranks #116 out of 218 companies in the Financials sector.
- Lowest interest expense in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.21 (distress zone, below 1.8 threshold)
- Strong profit margin: 24.4%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $226.4M | +236.3% |
| FY2022 | $67.3M | +3.9% |
| FY2021 | $64.8M | -35.0% |
| FY2020 | $99.6M | +2.8% |
| FY2019 | $96.9M | -4.3% |
| FY2018 | $101.2M | -2.1% |
| FY2017 | $103.3M | -10.9% |
| FY2016 | $115.9M | -11.4% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026