Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by it ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ COMMISSION FILE NUMBER001-14793 FIRST BANCORP. (EXACT NAME OF REGISTRANT AS SPECIFIEDIN ITS CHARTER) Puerto Ri ...

First Bancorp (FBP) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.I ...

Company Overview - First Bancorp (FBP) is headquartered in San Juan and operates in the Finance sector [3] - The stock has experienced a price change of 6.62% since the beginning of the year [3] Dividend Information - First Bancorp currently pays a dividend of $0.18 per share, resulting in a dividend yield of 3.63% [3] - The company's annualized dividend of $0.72 has increased by 12.5% from the previous year [4] - Over the past five years, First Bancorp has raised its dividend five times, averaging an annual increase of 31.93% [4] - The current payout ratio is 39%, indicating that 39% of its trailing 12-month EPS is distributed as dividends [4] Earnings Growth Expectations - For the fiscal year, First Bancorp anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 at $1.88 per share, reflecting a year-over-year growth rate of 3.87% [5] Industry Context - The Banks - Southeast industry's average dividend yield is 2.38%, while the S&P 500's yield is 1.62%, positioning First Bancorp as an attractive dividend option [3] - High-growth firms or tech start-ups typically do not offer dividends, making established companies like First Bancorp more appealing for income investors [7] Investment Outlook - First Bancorp is viewed as a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]

First BanCorp (FBP) Q1 2025 Earnings Call April 25, 2025 07:13 AM ET Company Participants Ramón Rodríguez - SVP - Corporate Strategy & IRAurelio Alemán-Bermudez - President & CEOOrlando Berges-González - Executive VP & CFOFrank Schiraldi - Managing DirectorBrett Rabatin - Managing Director & Head of Equity ResearchSteve Moss - Director - Banking & ArlingtonKelly Motta - MD - Equity ResearchTimur Braziler - Director - Mid-Cap Bank Equity Research Operator Hello, everyone, and thank you for joining the First ...

Caution Regarding Forward-Looking Statements 2025 First Quarter Update This presentation contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, including those regarding First Bancorp's expectations or predictions of future financial or business performance or conditions. The forward-looking statements are inherently subject to risks and uncertainties. Forward-looking statements are typica ...

First BanCorp. (NYSE:FBP) Q1 2025 Earnings Conference Call April 24, 2025 12:00 PM ET Company Participants Ramon Rodriguez - Investor Relations Officer Aurelio Aleman - President and CEO Orlando Berges - Executive Vice President and CFO Conference Call Participants Frank Schiraldi - Piper Sandler Brett Rabatin - Hovde Group Steve Moss - Raymond James Kelly Motta - KBW Timur Braziler - Wells Fargo Operator Hello, everyone, and thank you for joining the First BanCorp. First Quarter 2025 Financial Results Conf ...

Core Insights - First BanCorp. reported a net income of $77 million ($0.47 per share) for Q1 2025, a slight increase from $76 million ($0.46 per share) in Q4 2024, indicating stable profitability [2][9] - The company experienced a net interest margin (NIM) expansion of 19 basis points to 4.52% in Q1 2025, driven by lower funding costs and improved yields on cash and investments [2][11] - Management maintained a mid-single-digit loan growth guidance for 2025, with expectations for growth to materialize in the second half of the year [3][4] Financial Performance - Net interest income increased by $3 million to $212 million in Q1 2025, benefiting from lower funding costs and improved yields [4][10] - The efficiency ratio improved to 49.6% from 51.6% in Q4 2024, reflecting better operational efficiency [2][12] - Total loans were slightly down, with originations reaching $1.2 billion in Q1 2025 [2][7] Capital Management - The company redeemed approximately $50 million in subordinated debentures, declared $29.6 million in dividends, and repurchased $22 million in common stock during Q1 2025 [2][9] - Tangible book value increased by 7% to $10.64 per share in Q1 2025, indicating a strengthening balance sheet [2][12] Credit Quality - Credit quality metrics remained stable, with early delinquencies decreasing by $21.8 million during Q1 2025 [4][12] - The allowance for credit losses increased by $3.4 million to $247.3 million, reflecting adjustments for projected economic uncertainties [12][30] Digital Transformation - The company advanced its digital transformation efforts by converting to a centralized FIS cloud for its core systems in Q1 2025 [5][8]

First BanCorp (FBP) Q1 2025 Earnings Call April 24, 2025 12:00 PM ET Company Participants Ramón Rodríguez - SVP - Corporate Strategy & IRAurelio Alemán-Bermudez - President & CEOOrlando Berges-González - Executive VP & CFOFrank Schiraldi - Managing DirectorBrett Rabatin - Managing Director & Head of Equity ResearchSteve Moss - Director - Banking & ArlingtonKelly Motta - MD - Equity ResearchTimur Braziler - Director - Mid-Cap Bank Equity Research Operator Hello, everyone, and thank you for joining the First ...

Financial Performance - First BanCorp reported a net income of $77.1 million, or $0.47 per diluted share, for Q1 2025, an increase from $75.7 million, or $0.46 per diluted share, in Q4 2024[2]. - Net income for the first quarter of 2025 was reported at $77,059,000, an increase from $75,701,000 in the fourth quarter of 2024 and $73,458,000 in the first quarter of 2024[68]. - Adjusted net income attributable to common stockholders for the first quarter of 2025 was also $77,059,000, compared to $75,701,000 in the previous quarter and $74,050,000 in the same quarter last year[68]. - Earnings per diluted share for the first quarter of 2025 was $0.47, consistent with the previous quarter and an increase from $0.44 in the first quarter of 2024[68]. - Income before income taxes for the first quarter of 2025 was $100,299,000, up from $96,029,000 in the fourth quarter of 2024, representing a 7.0% increase[69]. - Adjusted pre-tax, pre-provision income for the first quarter of 2025 was $125,109,000, an increase of $8,176,000 or 7.0% from the previous quarter[69]. Income and Expenses - Pre-tax pre-provision income grew by 7% to $125 million, reflecting strong operational performance[3]. - Non-interest income rose to $35.7 million, driven by $3.3 million in seasonal contingent insurance commissions[8]. - Total non-interest expenses decreased by $1.5 million to $123.0 million in Q1 2025, reflecting variances in employee compensation and benefits[14]. - The Corporation recorded an income tax expense of $23.2 million for Q1 2025, up from $20.3 million in Q4 2024[16]. - The estimated annual effective tax rate for Q1 2025 was 23.7%, compared to 23.0% for Q4 2024[17]. Loans and Credit Quality - Total loans decreased by $71.7 million to $12.7 billion, primarily due to the payoff of a $73.8 million commercial mortgage loan[8]. - The allowance for credit losses (ACL) for loans and finance leases was $247.3 million as of March 31, 2025, an increase of $3.4 million from the previous quarter, driven by higher qualitative adjustments due to economic uncertainty[26]. - The provision for credit losses on loans and finance leases was $24.8 million for Q1 2025, compared to $21.5 million in Q4 2024, with significant expenses in commercial and construction loan portfolios[27]. - Total non-performing assets rose by $11.1 million to $129.4 million as of March 31, 2025, with total nonaccrual loans held for investment at $98.4 million[21]. - The ratio of ACL for loans and finance leases to total loans held for investment was 1.95% as of March 31, 2025, up from 1.91% as of December 31, 2024[29]. Deposits and Liquidity - Core customer deposits increased by $29 million during the quarter, including a $70 million rise in non-interest-bearing deposits[4]. - Total deposits decreased by $48.8 million to $16.3 billion as of March 31, 2025, with a notable $82.1 million decrease in government deposits[46]. - Cash and cash equivalents rose by $168.9 million to $1.3 billion, contributing to total core liquidity of $2.7 billion, or 14.25% of total assets[48]. - The Corporation had $6.2 billion available to meet liquidity needs, representing 133% of estimated uninsured deposits as of March 31, 2025[49]. - The estimated amount of uninsured deposits was $4.6 billion, representing 28.44% of total deposits as of March 31, 2025, down from 29.36% at the end of 2024[50]. Capital and Ratios - Capital ratios exceeded required regulatory levels, with total capital at 17.96% and common equity tier 1 capital at 16.62% as of March 31, 2025[8]. - CET1 capital ratio improved to 16.62% as of March 31, 2025, compared to 16.32% as of December 31, 2024, indicating stronger capital position under Basel III rules[44]. - Tangible common equity ratio increased to 9.10% as of March 31, 2025, up from 8.44% as of December 31, 2024, reflecting improved earnings and asset valuations[51]. Market and Stock Performance - The common stock price at the end of the period rose to $19.17 as of March 31, 2025, compared to $18.59 at the end of the previous quarter, an increase of 3.11%[78]. - Cash dividends declared increased to $0.18 per share for the quarter ended March 31, 2025, up from $0.16 in the previous quarter, reflecting a 12.50% increase[78]. Miscellaneous - The corporation cautions that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed[71]. - The corporation's shares trade on the New York Stock Exchange under the symbol FBP, with operations in Puerto Rico, the U.S., and the British Virgin Islands[72].