The earnings call presents a positive outlook overall with strong financial performance, growth in loan production, and stable asset quality. However, there were challenges with deposit reductions and a decline in other income. The company continues to invest in technology and maintain a strong capital deployment strategy.

Company Guidance -

Q3 2025

During the First BanCorp 2Q 2025 financial results call, the company provided guidance on several key metrics. The net income for the quarter was reported at $80 million, translating to a return on assets of 1.69%. The net interest margin expanded to 4.56%, with net interest income increasing to $215.9 million. The company also achieved a top quartile efficiency ratio of 50%, maintaining its target range of 50% to 52%. Loan growth was robust, with total loans increasing by 6% linked quarter annualized, driven by strong commercial loan production in Puerto Rico and Florida. In terms of deposits, there was a noted reduction due to fluctuations in large commercial accounts, although retail deposits remained stable. The company reiterated its mid-single-digit loan growth guidance for the full year, supported by strong commercial credit demand. Asset quality was stable, with nonperforming assets at 68 basis points of total assets and net charge-offs decreasing. The effective tax rate for the full year is expected to be around 23%. The company plans to continue its capital deployment strategy, aiming to deploy 100% of earnings to shareholders through dividends and buybacks, with $100 million left in its 2024 buyback authorization.

Strong Net Income and Return on Assets

First BanCorp reported a net income of $80 million, translating into a strong return on assets of 1.69%, driven by record net interest income, solid loan production, and well-managed expense growth.

Growth in Loan Production

Total loans grew by 6% linked quarter annualized, driven by strong commercial loan production in Puerto Rico and Florida. The commercial lending pipeline remains strong as the company enters the second half of the year.

Stable Asset Quality and Improved Charge-offs

Nonperforming assets remained flat at 68 basis points of total assets, and net charge-offs decreased during the quarter. The consumer credit policy calibration from prior years is benefiting current metrics.

Capital Deployment Strategy

First BanCorp has deployed over 107% of earnings in dividends, buybacks, and relation of TruPS, aligning with their strategy to benefit long-term shareholder interests.

Investment in Technology and Digital Growth

The company achieved an 8% annual rise in digital active customers over the past 5 years, supporting its omnichannel strategy and efficiency ratio goals.

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 (FBP) (FBP) report earnings?

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

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

First Bancorp (FBP) (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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