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First Bancorp vs M&T Bank: revenue, profit, margins and growth compared

First Bancorp brought in $1.3B of revenue in fiscal 2025, M&T Bank $1.7B in fiscal 2025. Revenue changed by +2.4% at First Bancorp and +7.5% at M&T Bank on the year before, so M&T Bank grew faster. First Bancorp kept 27.5% of its revenue as net profit, M&T Bank 172.1%.

Side by side, latest fiscal year

FBPMTB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.3B$1.7B
Revenue growth+2.4%+7.5%
Net income$344.9M$2.9B
Net margin27.5%172.1%
Free cash flow$437.5Mn/a
Free cash flow margin34.9%n/a
Earnings per share (diluted)$2.15$17.00
Cash$658.6M$18.8B
Debt$290M$10.9B
Price to earnings12.613.0
Market value$4.1B$31.9B
Dividend yield2.66%2.58%
Rank by revenue in sector#173 of 444 · Finance#158 of 444 · Finance

Over the years

Revenue
FBP FY2018: $707.3MFBP FY2019: $766.5MFBP FY2020: $804.2MFBP FY2021: $915.9MFBP FY2022: $985.7MFBP FY2023: $1.2BFBP FY2024: $1.2BFBP FY2025: $1.3BMTB FY2018: $5.9BMTB FY2019: $6.2BMTB FY2020: $6BMTB FY2021: $6BMTB FY2022: $8.2BMTB FY2023: $9.6BMTB FY2024: $1.5BMTB FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
FBP $1.3BMTB $1.7B
Net income
FBP FY2018: $201.6MFBP FY2019: $167.4MFBP FY2020: $102.3MFBP FY2021: $281MFBP FY2022: $305.1MFBP FY2023: $302.9MFBP FY2024: $298.7MFBP FY2025: $344.9MMTB FY2018: $1.9BMTB FY2019: $1.9BMTB FY2020: $1.4BMTB FY2021: $1.9BMTB FY2022: $2BMTB FY2023: $2.7BMTB FY2024: $2.6BMTB FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
FBP $344.9MMTB $2.9B
Net margin
FBP FY2018: 28.5%FBP FY2019: 21.8%FBP FY2020: 12.7%FBP FY2021: 30.7%FBP FY2022: 30.9%FBP FY2023: 26.2%FBP FY2024: 24.4%FBP FY2025: 27.5%MTB FY2018: 32.4%MTB FY2019: 31.2%MTB FY2020: 22.7%MTB FY2021: 31.0%MTB FY2022: 24.4%MTB FY2023: 28.4%MTB FY2024: 167.9%MTB FY2025: 172.1%FY18FY19FY20FY21FY22FY23FY24FY25
FBP 27.5%MTB 172.1%
Revenue growth
FBP FY2019: +8.4%FBP FY2020: +4.9%FBP FY2021: +13.9%FBP FY2022: +7.6%FBP FY2023: +17.3%FBP FY2024: +6.0%FBP FY2025: +2.4%MTB FY2019: +4.4%MTB FY2020: -3.8%MTB FY2021: +0.6%MTB FY2022: +36.5%MTB FY2023: +17.9%MTB FY2024: -84.0%MTB FY2025: +7.5%FY19FY20FY21FY22FY23FY24FY25
FBP +2.4%MTB +7.5%
Free cash flow
FBP FY2018: $267.8MFBP FY2019: $271.8MFBP FY2020: $281.7MFBP FY2021: $386.4MFBP FY2022: $420MFBP FY2023: $340.4MFBP FY2024: $394.1MFBP FY2025: $437.5MMTB FY2018: $2BMTB FY2019: $2.2BMTB FY2020: $617.2MMTB FY2021: $2.6BMTB FY2022: $4.4BMTB FY2023: $3.6BFY18FY19FY20FY21FY22FY23FY24FY25
FBP $437.5MMTB $3.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about First Bancorp and M&T Bank

Which is bigger by revenue, First Bancorp or M&T Bank?

M&T Bank is bigger by revenue: $1.7B in fiscal 2025, against $1.3B for First Bancorp in fiscal 2025.

Which keeps more of its revenue as profit, First Bancorp or M&T Bank?

First Bancorp had a net margin of 27.5% in fiscal 2025; M&T Bank had 172.1% in fiscal 2025.

Which grew revenue faster, First Bancorp or M&T Bank?

In their latest fiscal years revenue changed by +2.4% at First Bancorp and +7.5% at M&T Bank.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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