Core Viewpoint - First BanCorp. (FBP) is showing potential for a bullish breakout due to a recent "golden cross" in its moving averages, indicating a positive technical outlook [1]. Group 1: Technical Indicators - FBP's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross," which is a significant bullish signal [1]. - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer one, and the stock maintains upward momentum [2]. Group 2: Performance Metrics - FBP has experienced a rally of 6.8% over the past four weeks, suggesting positive market sentiment [3]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating favorable conditions for potential gains [3]. Group 3: Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with one revision higher in the past 60 days, contributing to a positive earnings outlook [3]. - The Zacks Consensus Estimate for FBP has also increased, reinforcing the bullish case for the company [3][5].

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Net interest income increased $4.9 million quarter over quarter to $222.8 million, Berges said. Results included $0.8 million collected on a non-accrual loan payoff and $0.5 million from a prepayment penalty on a Florida loan payoff. Net interest margin was 4.68% (4.65% adjusted), which Berges said was 8 basis points higher than the prior quarter on an adjusted basis.Berges provided GAAP quarterly results of $87.1 million, or $0.55 per share, down from $100.5 million, or $0.63 per share, in the third quarte ...

For the quarter ended December 2025, First Bancorp (FBP) reported revenue of $257.17 million, up 6.5% over the same period last year. EPS came in at $0.55, compared to $0.46 in the year-ago quarter.The reported revenue represents a surprise of +1.09% over the Zacks Consensus Estimate of $254.4 million. With the consensus EPS estimate being $0.52, the EPS surprise was +6.8%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Financial Data and Key Metrics Changes - The company reported a net income of $87 million for Q4 2025, translating to $0.85 per share, with a return on assets of 1.8% and an efficiency ratio of 49% [4][5] - For the full year 2025, net income reached $345 million, representing a 90% increase in earnings per share to $2.15, with a return on average assets of 1.81% [8][14] - The company achieved a record total revenue of over $1 billion for the year, with adjusted pre-tax, pre-provision income at an all-time high of $499.2 million, a 10% increase from 2024 [8][14] Business Line Data and Key Metrics Changes - Total loans grew by $80 million, primarily driven by growth in commercial segments, despite some impact from elevated commercial loan payoffs and lower consumer loan production [4][5] - Core customer deposits increased by $267 million, with a notable 3.2% rise in core non-interest-bearing deposits during the quarter [5][6] - The company repurchased $50 million in shares and declared $28 million in dividends, with a total of over 28% of shares outstanding repurchased since the buyback program began in 2021 [6][7] Market Data and Key Metrics Changes - The unemployment rate in Puerto Rico is approximately 5.7%, with strong tourism activity reflected in an 8% increase in passenger traffic, reaching a record high of 13.6 million [10] - The company anticipates a stable economic environment in 2026, with expectations of 3%-5% organic loan growth and a sustained efficiency ratio of 52% or better [11][12] Company Strategy and Development Direction - The company is focused on enhancing its omnichannel strategy to improve customer interactions across digital and branch channels, with active retail digital users up 5% year-over-year [8][9] - The board approved an 11% increase in the quarterly common stock dividend to $0.20 per share, effective Q1 2026, reflecting the company's commitment to returning capital to shareholders [7][28] - The company is exploring both organic and non-organic growth opportunities, including the opening of a new branch in Boca Raton, Florida [55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about underlying economic trends for 2026, despite potential challenges from inflationary pressures and geopolitical tensions [9][10] - The company expects asset quality to remain stable, with consumer credit quality gradually returning to pre-pandemic levels [12] - Management is committed to maintaining strong profitability metrics and returning close to 100% of annual earnings to shareholders [11][12] Other Important Information - The efficiency ratio for the quarter was reported at 49%, with expectations for ongoing technology investments to maintain this level [23] - The company recorded a 4% increase in tangible book value per share to $12.29, with regulatory capital ratios continuing to build up [27] Q&A Session Summary Question: Any more mix shift change with lower liquidity and levers that might aid NIM going forward? - Management indicated that cash flows from the investment portfolio and repricing of deposit components would be key drivers for net interest margin improvement [31][32] Question: What are the competitive dynamics regarding cost of funds? - Management noted that wholesale funding through brokered CDs is repricing with the market, and time deposits are expected to decrease as rates come down [33][34] Question: Comments on credit quality stability? - Management affirmed stability in credit quality, with no significant disruptions anticipated, although some consumer delinquencies have normalized [35] Question: Insights on auto loan market? - Management observed a contraction in the auto loan portfolio but expects stabilization without significant growth unless pricing adjustments occur [41][42] Question: Thoughts on reinvestment of securities cash flows? - Management expects a 2-3 basis points pick up on reinvestment of cash flows from maturing securities, focusing on agency investments [47][50] Question: Clarification on efficiency ratio calculation? - The efficiency ratio is calculated on a GAAP basis, including all components, and has been improving due to the sale of OREO properties [62][64] Question: Insights on non-interest-bearing deposit flows? - Management emphasized the importance of building core relationships and expanding branches to grow non-interest-bearing deposits [66][67]

Financial Data and Key Metrics Changes - The company reported a net income of $87 million for Q4 2025, translating to $0.85 per share, with a return on assets of 1.8% and an efficiency ratio of 49% [4][5] - For the full year 2025, net income reached $345 million, representing a 90% increase in earnings per share compared to the previous year [8][14] - The return on average assets for 2025 was 1.81%, up from 1.58% in 2024, marking the fourth consecutive year of surpassing the target of 1.50% [15] Business Line Data and Key Metrics Changes - Total loans grew by $80 million, primarily driven by growth in commercial segments, despite some impact from elevated commercial loan payoffs and lower consumer loan production [4][5] - Core customer deposits increased by $267 million, with a notable 3.2% rise in core non-interest-bearing deposits during the quarter [5][6] - Net interest income for the quarter increased by $4.9 million to $222.8 million, with a net interest margin of 4.68% [15][16] Market Data and Key Metrics Changes - The company noted a stable credit quality environment, with non-performing assets to total assets decreasing to an all-time low of 60 basis points [5][24] - The unemployment rate in Puerto Rico is around 5.7%, with strong tourism activity contributing to economic stability [10][11] - The company anticipates organic loan growth of 3%-5% and aims to maintain a 52% or better efficiency ratio in 2026 [11] Company Strategy and Development Direction - The company is focused on enhancing its omnichannel strategy to improve customer interactions across digital and branch channels, with active retail digital users up 5% year-over-year [8][9] - Plans for 2026 include increasing capital returns to shareholders, with an 11% increase in quarterly dividends approved [7][28] - The company is exploring both organic growth and potential non-organic opportunities, maintaining a strategic focus on shareholder value [54] Management's Comments on Operating Environment and Future Outlook - Management expressed a constructive outlook for the economy in 2026, despite potential challenges from inflation and geopolitical tensions [10][11] - The company expects stability in asset quality, with consumer credit quality gradually returning to pre-pandemic levels [12] - Management remains optimistic about the loan pipeline, particularly in commercial and residential sectors, while being cautious about consumer lending [31][46] Other Important Information - The company repurchased $50 million in shares during the quarter and has repurchased over 28% of shares outstanding since the buyback program began in 2021 [6][27] - The tangible book value per share increased by 4% to $12.29, with a tangible common equity ratio of 10% [27] Q&A Session Summary Question: Any more mix shift change with lower liquidity and levers that might aid the NIM going forward? - Management indicated that cash flows from the investment portfolio and repricing of deposit components will be key drivers for net interest margin improvements [31][32] Question: What are the competitive dynamics regarding cost of funds with lower rates? - Management noted that wholesale funding through brokered CDs is repricing with the market, and time deposits are expected to reprice at lower rates as well [33][34] Question: Comments on credit quality stability? - Management confirmed stability in credit quality, with no specific concerns, although they are monitoring consumer delinquencies closely [35] Question: Insights on auto loan market? - Management observed a contraction in the auto loan portfolio but expects stabilization without significant growth unless pricing adjustments occur [41][42] Question: Thoughts on reinvestment of securities cash flows? - Management expects a 2-3 basis points pickup on reinvestment of cash flows from maturing securities [47][50] Question: Any updates on telecom NPL? - Management stated there is no new information, and they are working with the lead bank on resolution [51][53] Question: Considerations for capital ratios and shareholder returns? - Management emphasized organic growth as a priority while remaining open to non-organic opportunities, with a focus on returning capital to shareholders [54]

Financial Data and Key Metrics Changes - The company reported a net income of $87 million for Q4 2025, translating to $0.85 per share, with a return on assets of 1.8% and an efficiency ratio of 49% [4][6] - For the full year 2025, net income reached $345 million, or $2.15 per share, with a return on average assets of 1.81%, marking the fourth consecutive year above the target of 1.50% [7][15] - Adjusted pre-tax, pre-provision income for the full year was $499.2 million, a 10% increase from 2024 [14] Business Line Data and Key Metrics Changes - Total loans grew by $80 million, primarily driven by growth in commercial segments, despite a slight decrease in consumer loan production [4][5] - Core customer deposits increased by $267 million, with a notable 3.2% rise in core non-interest-bearing deposits [5][6] - The company repurchased $50 million in shares and declared $28 million in dividends during the quarter, with a total of $150 million in share repurchases for the year [6][28] Market Data and Key Metrics Changes - The unemployment rate in Puerto Rico is approximately 5.7%, with strong tourism activity reflected in an 8% increase in passenger traffic, reaching a record high of 13.6 million [10] - The company anticipates a stable economic environment in 2026, despite some moderation in consumer confidence due to inflationary pressures and geopolitical tensions [9][11] Company Strategy and Development Direction - The company is focused on organic loan growth of 3%-5% and maintaining an efficiency ratio of 52% or better, while returning close to 100% of annual earnings to shareholders [11][12] - Investments in an omnichannel strategy are yielding positive results, with a 5% increase in active retail digital users compared to the previous year [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of asset quality, with expectations for consumer credit quality to gradually return to pre-pandemic levels [12] - The company is well-positioned for growth in 2026, with ongoing investments to modernize and enhance its franchise [12][29] Other Important Information - The company achieved a 4% increase in tangible book value per share to $12.29, with regulatory capital ratios continuing to improve [28] - The board approved an 11% increase in the quarterly common stock dividend to $0.20 per share, effective Q1 2026 [6][29] Q&A Session Summary Question: Any more mix shift change with lower liquidity and levers that might aid NIM going forward? - Management indicated that cash flows from the investment portfolio and repricing of deposit components will be key drivers for net interest margin improvement [32][33] Question: What are the competitive dynamics and potential for lower cost of funds? - Management noted that wholesale funding and time deposits are being repriced lower, but transaction accounts may not see significant changes [34][36] Question: Insights on credit quality stability? - Management confirmed stability in credit quality, with some normalization in consumer delinquencies but no specific concerns [37] Question: Update on auto loan market? - Management observed a contraction in the auto loan portfolio but expects stabilization without significant growth unless pricing adjustments occur [44][46] Question: Thoughts on reinvestment of securities cash flows? - Management expects a 2-3 basis points pick up on reinvestment yields, focusing on agency investments [50][52] Question: Clarification on efficiency ratio calculation? - The efficiency ratio is calculated on a GAAP basis, including all components, and has been improving due to OREO property sales [64][66] Question: Details on non-interest-bearing deposit flows? - Management emphasized the importance of building core relationships and expanding branches to grow non-interest-bearing deposits [67][69]

-1- Financial Results Fourth Quarter and Full Year 2025 January 27, 2026 AGENDA | 1 | 4Q 2025 – | Quarter Highlights | Aurelio Alemán, President and Chief Executive Officer | | --- | --- | --- | --- | | 2 | 4Q 2025 – | Results of Operations | Orlando Berges, | | | | | Executive Vice President and Chief Financial Officer | | 3 | 4Q 2025 – | Questions and Answers | | -3- FOURTH QUARTER 2025 FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" concerning the Corporation's future e ...

First Bancorp (FBP) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.80%. A quarter ago, it was expected that this holding company for FirstBank Puerto Rico would post earnings of $0.48 per share when it actually produced earnings of $0.51, delivering a surprise of +6.25%.Over the l ...