First Bancorp Reports $87.1M Net Income in Q4 2025

By Chris Stiles • Tuesday, January 27 15:00 • Permanent Link

First Bancorp, the bank holding company for FirstBank Puerto Rico, has reported its financial results for the fourth quarter and year ended December 31, 2025. The corporation's net income for the fourth quarter of 2025 was $87.1 million, or $0.55 per diluted share, compared to $100.5 million, or $0.63 per diluted share, for the third quarter of 2025, and $75.7 million, or $0.46 per diluted share, for the fourth quarter of 2024. For the year ended December 31, 2025, the corporation reported a net income of $344.9 million, or $2.15 per diluted share, compared to $298.7 million, or $1.81 per diluted share, for the year ended December 31, 2024.

The net interest income for the fourth quarter of 2025 was $222.8 million, compared to $217.9 million for the third quarter of 2025. The net interest margin increased to 4.68%, compared to 4.57% in the previous quarter.

The provision for credit losses in the fourth quarter of 2025 was $23.0 million, compared to $17.6 million in the third quarter of 2025.

Non-interest income for the fourth quarter of 2025 was $34.4 million, compared to $30.8 million for the third quarter of 2025.

Non-interest expenses for the fourth quarter of 2025 were $126.9 million, compared to $124.9 million for the third quarter of 2025. The efficiency ratio for the fourth quarter of 2025 was 49.33%, an improvement from 50.22% for the previous quarter.

Total loans increased by $80.8 million to $13.1 billion, driven by growth in the commercial and industrial loan portfolio.

Core deposits, excluding brokered and government deposits, increased by $266.5 million to $13.1 billion, mainly in non-interest-bearing deposits.

The corporation's liquidity position improved, with available liquidity amounting to 19.39% of total assets, compared to 18.10% in the previous quarter.

The corporation's estimated total capital, common equity tier 1 (CET1) capital, tier 1 capital, and leverage ratios were 18.01%, 16.76%, 16.76%, and 11.58%, respectively, as of December 31, 2025.

As a result of these announcements, the company's shares have moved -0.84% on the market, and are now trading at a price of $21.26. If you want to know more, read the company's complete 8-K report here.

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