Earnings summaries and quarterly performance for FIRST BANCORP /PR/.
Executive leadership at FIRST BANCORP /PR/.
Aurelio Alemán
President and Chief Executive Officer
Carlos Power
Executive Vice President & Consumer Lending Business Executive
Cassan Pancham
Executive Vice President & Business Group Executive
Ginoris López-Lay
Executive Vice President & Strategic Management Director
Jose Lacasa
Executive Vice President & Florida Business Director
Juan Carlos Pavía
Chief Operating Officer
Lilian Díaz-Bento
Executive Vice President & Business Group Director
Michael McDonald
Executive Vice President & Business Group Director
Nayda Rivera
Executive Vice President, Chief Consumer Officer and Chief of Staff
Orlando Berges
Executive Vice President & Chief Financial Officer
Sara Alvarez
Executive Vice President & General Counsel
Board of directors at FIRST BANCORP /PR/.
Research analysts who have asked questions during FIRST BANCORP /PR/ earnings calls.
Kelly Motta
Keefe, Bruyette & Woods
8 questions for FBP
Timur Braziler
Wells Fargo
7 questions for FBP
Brett Rabatin
Hovde Group, LLC
5 questions for FBP
Steve Moss
Raymond James
4 questions for FBP
Frank Shiroti
Piper Sandler
2 questions for FBP
Stephen Moss
Raymond James Financial, Inc.
2 questions for FBP
Arren Cyganovic
Truist Securities
1 question for FBP
Arren Cyganovich
Truist
1 question for FBP
Frank Schiraldi
Piper Sandler
1 question for FBP
Recent press releases and 8-K filings for FBP.
- First BanCorp reported net income of $100 million or $0.63 per share for Q3 2025, which included a $16.6 million reversal of valuation allowance on deferred tax assets. Adjusted for these items, non-GAAP earnings per share were $0.51.
- Total loans grew by $181 million (5.6% linked quarter annualized), surpassing $13 billion, primarily driven by commercial, construction, and residential mortgage lending. This growth mitigated a slowdown in consumer credit demand, particularly in the auto industry, where total retail sales are down 7% year-to-date as of September.
- Net interest income reached $217.9 million for the quarter, a $2 million increase from the prior quarter, with a net interest margin of 4.57%. The company expects the net interest margin for the fourth quarter to be "sort of flat".
- The company repurchased $50 million in common stock during the quarter. The board authorized an additional $200 million share buyback program through 2026, with an expected repurchase cadence of approximately $50 million per quarter.
- Full-year loan growth guidance was adjusted to 3%-4% from an original 5% due to the slowdown in auto lending.
- First BanCorp reported net income of $100 million for the third quarter of 2025, with adjusted earnings per share growing 13% compared to the prior year.
- Total loans grew by $181 million (5.6% linked quarter annualized) to surpass $13 billion for the first time since 2010; however, the full-year loan growth guidance was revised to 3% to 4% from an original mid-single-digit expectation due to a slowdown in consumer credit demand, particularly in the auto industry.
- The company repurchased $50 million in common stock during Q3 2025, and the board authorized an additional $200 million share buyback program expected to be executed through 2026, with a base assumption of repurchasing approximately $50 million per quarter.
- Expenses for Q3 2025 were $124.9 million, and the expense guidance for the next couple of quarters remains $125 million to $126 million, with the efficiency ratio for the quarter at 50% and expected to stay in the 50% to 52% range.
- The net interest margin is expected to be "sort of flat" for the fourth quarter of 2025, with increases in net interest income coming from loan portfolio growth.
Quarterly earnings call transcripts for FIRST BANCORP /PR/.
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