First BanCorp Reports Strong Q3 2025 Earnings

First Bancorp (FBP) ( (FBP) ) has released its Q3 earnings. Here is a breakdown of the information First Bancorp (FBP) presented to its investors.

First BanCorp, a bank holding company for FirstBank Puerto Rico, operates in the financial services sector, providing a range of banking products and services primarily in Puerto Rico, Florida, and the Virgin Islands. The company is known for its strong capital position and focus on disciplined loan growth.

In its latest earnings report for the third quarter of 2025, First BanCorp announced a net income of $100.5 million, marking a significant increase from the previous quarter and the same period last year. The company attributed its strong performance to record net interest income, effective asset management, and strategic loan growth.

Key financial highlights include a net interest income of $217.9 million, an increase from the previous quarter, driven by higher interest income on loans and a slight rise in net interest margin to 4.57%. The company also reported a decrease in provision for credit losses, reflecting improved credit quality and economic conditions. Total loans surpassed $13 billion, with notable growth in commercial and construction loans, while core customer deposits rose by $139 million.

First BanCorp’s capital position remains robust, with all capital ratios exceeding regulatory requirements. The company continued its share repurchase program, buying back $50 million in common stock, and announced a new buyback program of up to $200 million. The management expressed confidence in maintaining a stable operating environment despite external uncertainties.

Looking ahead, First BanCorp aims to sustain its growth trajectory by focusing on organic capital generation and returning value to shareholders through dividends and buybacks. The company remains committed to executing its strategic initiatives and adapting to evolving market conditions.