First Bancorp Q3 2025 Earnings Recap

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.