Timur Brazilia's questions to FIRST BANCORP /PR/ (FBP) leadership • Q2 2025
Question
Asked about the surprising nature of the Q2 deposit outflows, how the bank plans to fund its expected loan growth in the second half of the year, and the expected geographic and segmental composition of that loan growth.
Answer
The deposit decline was due to a concentration of non-recurring business activities and tax payments in a few large commercial accounts. Second-half loan growth will be funded by expected deposit stability and over $1 billion in cash flows from the investment portfolio. The loan growth is expected to be a combination of contributions from both Florida and the Puerto Rico commercial sector, with stability in consumer and some growth in residential mortgages.