The earnings call highlighted strong financial performance with record net interest income and loan growth, as well as improving asset quality and successful capital deployment. However, challenges such as a decline in customer deposits and other income, along with the need for further interest expense optimization, were noted.

Company Guidance

During the second quarter of 2025, First BanCorp reported strong financial performance, with a net income of $80 million, translating to a return on assets of 1.69%. The company achieved record net interest income of $215.9 million, a 4.56% net interest margin, and maintained a top quartile efficiency ratio at 50%. Loan growth was robust at 6% linked quarter annualized, primarily driven by commercial loan production in Puerto Rico and Florida. Despite a reduction in customer deposits, mainly due to fluctuations in large commercial accounts, retail deposits remained stable. Asset quality metrics improved, with nonperforming assets flat at 68 basis points and net charge-offs decreasing. First BanCorp continued its capital deployment strategy, repurchasing $28 million in stock and maintaining a tangible common equity ratio of 9.6%. The company remains confident in achieving its mid-single-digit loan growth target for the full year, supported by strong commercial lending pipelines and favorable economic conditions in Puerto Rico and Florida.

Strong Financial Performance

Reported a net income of $80 million with a return on assets of 1.69% and a net interest margin expansion to 4.56% for the quarter.

Record Net Interest Income

Achieved record net interest income of $215.9 million, $3.5 million higher than the previous quarter.

Loan Growth

Total loans grew by 6% linked quarter annualized, driven by strong commercial loan production in Puerto Rico and Florida.

Asset Quality Improvement

Net charge-offs decreased to $19.1 million, and nonperforming assets remained flat at 68 basis points of total assets.

Capital Deployment Strategy

Deployed over 107% of earnings in the form of dividends, buybacks, and redemption of TruPS, contributing to a 5% increase in tangible book value per share.

Economic Conditions

Positive economic conditions in Puerto Rico and Florida with strong labor markets and increased disaster relief inflow supporting economic activity.

First Bancorp Puerto Rico (FBP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FBP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	0.49 / -	0.45	―	―	―
Jul 22, 2025	2025 (Q2)	0.46 / 0.50	0.46	8.70% (+0.04)
Apr 24, 2025	2025 (Q1)	0.43 / 0.47	0.44	6.82% (+0.03)
Jan 23, 2025	2024 (Q4)	0.41 / 0.46	0.46	0.00% (0.00)	―
Oct 23, 2024	2024 (Q3)	0.41 / 0.45	0.46	-2.17% (-0.01)
Jul 23, 2024	2024 (Q2)	0.41 / 0.46	0.39	17.95% (+0.07)
Apr 23, 2024	2024 (Q1)	0.37 / 0.44	0.39	12.82% (+0.05)
Jan 24, 2024	2023 (Q4)	0.35 / 0.46	0.4	15.00% (+0.06)
Oct 20, 2023	2023 (Q3)	0.38 / 0.46	0.4	15.00% (+0.06)
Jul 27, 2023	2023 (Q2)	0.35 / 0.39	0.38	2.63% (+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FBP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$21.86	$21.33	-2.42%
Apr 24, 2025	$19.39	$19.40	+0.05%
Jan 23, 2025	$19.24	$20.36	+5.82%
Oct 23, 2024	$19.88	$18.81	-5.38%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does First Bancorp Puerto Rico (FBP) report earnings?

First Bancorp Puerto Rico (FBP) is schdueled to report earning on Oct 28, 2025, Before Open (Confirmed).

What is First Bancorp Puerto Rico (FBP) earnings time?

First Bancorp Puerto Rico (FBP) earnings time is at Oct 28, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FBP EPS forecast?

FBP EPS forecast for the fiscal quarter 2025 (Q3) is 0.49.

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