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Jun 30, 2025
First BanCorp Q2 2025 Earnings Report
First BanCorp delivered strong Q2 2025 results with record net interest income, improved credit trends, and solid capital ratios.
Key Takeaways
First BanCorp reported Q2 2025 net income of $80.2M and EPS of $0.50, driven by record net interest income and stable asset quality. Loan growth was solid in Puerto Rico and Florida, while credit trends improved with lower net charge-offs. Capital ratios remained well above regulatory requirements, and the company repurchased $28M in common shares.
Net income reached $80.2M with diluted EPS of $0.50, supported by record net interest income of $215.9M.
Net interest margin improved to 4.56%, reflecting lower funding costs and favorable asset mix.
Net charge-offs annualized decreased to 0.60%, indicating stable credit quality.
Capital ratios remained strong, with CET1 at 16.61% and total capital at 17.87%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
First BanCorp expects continued solid profitability, loan growth in Puerto Rico and Florida, and stable credit quality, but remains cautious about deposit flows and macroeconomic uncertainties.
Positive Outlook
- Loan growth expected to remain strong in commercial and residential segments
- Stable credit quality supported by improving macroeconomic conditions
- Capital deployment to continue through share repurchases and dividends
- Strong liquidity position with $6.0B available funding capacity
- Net interest margin expected to remain resilient due to favorable asset mix
Challenges Ahead
- Deposit attrition risk in large commercial accounts in Puerto Rico
- Lower government deposits may pressure liquidity ratios
- Potential increase in funding costs if rates remain elevated
- Moderate non-interest income growth due to seasonality
Historical Earnings Impact
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Avg. Return Before/After Earnings
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