First Bancorp Earnings Recaps
Q1 2026
Apr 22, 2026
First BanCorp delivered a strong Q1 2026 performance with net income up 21% YoY, driven by record pre-provision income and disciplined capital deployment.
Key takeaways
- Net income reached $89 million ($0.57 per share), marking a 21% YoY increase; all-time high pre-tax pre-provision income of $131 million, up 5% from last year.
- Return on average assets improved to 1.89%, maintaining a consistent above 1.5% for 17 quarters.
- Total loans declined slightly to $13.1 billion amid normal seasonality, while core deposits grew 4.9% QoQ, supporting a resilient funding base.
- Asset quality remains solid with record low NPAs and a 24% QoQ drop in delinquencies; charge-offs stayed stable.
- Capital position remains strong at 16.9% CET1, with a 92% payout ratio via buybacks and dividends, emphasizing capital flexibility.
Q3 2025
Oct 24, 2025
First BanCorp reported robust third-quarter financial results, with net income reaching $100 million and adjusted EPS growing 13% year-over-year, despite headwinds in consumer credit demand.
Key takeaways
- Total loan growth of $181 million, marking a 5.6% annualized increase, surpassing $13 billion for the first time since 2010.
- Authorization of an additional $200 million share buyback program, reflecting commitment to return 100% of annual earnings to shareholders.
- Consistent performance in commercial and construction lending sectors, mitigating a slowdown in auto industry loan demand.
- Improved credit quality with a 7% reduction in nonperforming assets and stabilizing charge-off rates.
- Strong capital position enables strategic organic growth and supports the ongoing diversification of the franchise.