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Sep 30
First BanCorp Q3 2025 Earnings Report
First BanCorp reported a net income of $100.5 million, or $0.63 per diluted share, for the third quarter of 2025, driven by record net interest income, disciplined loan growth, and well-managed asset quality.
Key Takeaways
First BanCorp delivered an exceptional financial performance in the third quarter of 2025, with net income increasing to $100.5 million, or $0.63 per diluted share, compared to $80.2 million, or $0.50 per diluted share, in the previous quarter. This growth was primarily fueled by record net interest income, robust loan growth, and stable asset quality. The company also saw significant capital generation, enabling share repurchases and dividend payments.
Net income for Q3 2025 increased to $100.5 million, or $0.63 per diluted share, up from $80.2 million in Q2 2025.
Total loans grew by $181.4 million to $13.1 billion, marking the first time the loan portfolio surpassed $13 billion since 2010.
Core customer deposits increased by $138.7 million to $12.8 billion, reflecting healthy growth in non-interest-bearing accounts and time deposits.
Capital ratios exceeded required regulatory levels, with a tangible common equity ratio of 9.73%, up from 9.56% in the prior quarter.
First BanCorp
First BanCorp
First BanCorp Revenue by Segment
First BanCorp Revenue by Geographic Location
Revenue by Segment
Service charges on deposit accounts Revenue
CapyFin.comMortgage banking activities Revenue
CapyFin.comInsurance commission income Revenue
CapyFin.comCard and processing income Revenue
CapyFin.comOther non-interest income Revenue
CapyFin.comRevenue by Geographic Location
Puerto Rico Revenue
CapyFin.comVirgin Islands Revenue
CapyFin.comUnited States Revenue
CapyFin.com Forward Guidance
First BanCorp remains focused on execution and managing controllable factors amidst ongoing uncertainty in fiscal and monetary policies. The company aims for continued franchise growth and shareholder value delivery, anticipating a strong close to the year.
Positive Outlook
- Strong capital position supports continued client assistance and organic loan growth.
- Significant organic capital generation allows for continued shareholder returns through buybacks and dividends.
- Board authorized a new share buyback program of up to $200 million, indicating confidence in future performance.
- Operating environment remains stable despite external uncertainties.
- Management is committed to execution and controllable factors for sustained growth.
Challenges Ahead
- Continuing uncertainty regarding fiscal and monetary policies in the US.
- Potential for volatility in the financial services industry, including deposit runoffs and liquidity constraints.
- Increased regulatory requirements and costs could impact future performance.
- Adverse changes in general political and economic conditions in Puerto Rico, the U.S., and the U.S. and British Virgin Islands.
- Risk of possible failure or circumvention of internal controls and procedures, and inadequacy of risk management policies.