First Bancorp P R Stock Price, News & Analysis

First BanCorp (NYSE:FBP) reported strong Q2 2025 financial results with net income of $80.2 million, or $0.50 per diluted share, up from $77.1 million ($0.47/share) in Q1 2025 and $75.8 million ($0.46/share) in Q2 2024.

Key highlights include: record net interest income of $215.9 million, a net interest margin of 4.56%, and an efficiency ratio of 49.97%. The bank achieved core loan growth of 6% quarter-over-quarter annualized, driven by commercial loan production in Puerto Rico and Florida. Total loan originations reached $1.3 billion, representing a 5% year-over-year increase.

The bank maintained strong capital ratios with estimated total capital at 17.87% and CET1 at 16.61%. FBP returned capital to shareholders through $29.0 million in dividends and $28.2 million in stock repurchases, while also redeeming $11.1 million of junior subordinated debentures.

First BanCorp (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, has announced a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend will be paid on September 12, 2025, to shareholders of record as of August 28, 2025.

First BanCorp (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, has scheduled its second quarter 2025 financial results announcement for July 22, 2025, before market opening. The company will host a conference call and live webcast at 10:00am Eastern Time on the same day to discuss the results. Investors can access the webcast through fbpinvestor.com and are advised to join 15 minutes early for software setup. A dial-in option is available at 833-470-1428 or 404-975-4839 with participant code 731851. The session will include a Q&A segment for research analysts and institutional investors. A telephone replay will be available until August 21, 2025 (866-813-9403, code 506250), and the webcast recording will be archived on the company's website until July 22, 2026.

First BanCorp (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, has announced a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend will be paid on June 13, 2025 to shareholders of record as of the close of business on May 29, 2025.

First BanCorp (NYSE: FBP) reported net income of $77.1 million, or $0.47 per diluted share, for Q1 2025, compared to $75.7 million ($0.46/share) in Q4 2024 and $73.5 million ($0.44/share) in Q1 2024.

Key highlights include:

• Net interest income increased to $212.4 million from $209.3 million in Q4 2024
• Net interest margin expanded to 4.52% from 4.33%
• Core customer deposits grew by $29 million
• Efficiency ratio improved to 49.58% from 51.57%
• Total loans decreased by $71.7 million to $12.7 billion

The bank redeemed $50.6 million of junior subordinated debentures, repurchased $21.8 million in common stock, and declared $29.6 million in common stock dividends. Capital ratios remained strong with CET1 at 16.62% and total capital ratio at 17.96%.

First BanCorp (NYSE: FBP) has scheduled the release of its first quarter 2025 financial results before market opening on April 24, 2025. The company will host a conference call and live webcast at 12:00 p.m. Eastern time on the same day to discuss the results.

Investors can access the webcast through the company's investor relations website at fbpinvestor.com. Participants are advised to join 15 minutes early to set up necessary software. Alternative dial-in numbers are available: 833-470-1428 or 404-975-4839 (access code: 811566).

A Q&A session for research analysts and institutional investors will follow the presentation. The webcast replay will be available until April 24, 2026, while a telephone replay can be accessed until May 24, 2025, at 866-813-9403 (access code: 686791).

First BanCorp (NYSE: FBP) announced a strategic reorganization aligned with its corporate succession plan. The restructuring includes key executive retirements and new leadership appointments, effective April 1st.

Notable changes include the retirement of Cassan Pancham (EVP and Business Group Executive) effective May 15, 2025, and Carlos Power (EVP and Business Group Executive) effective May 2, 2025. The company introduced a new corporate title of Senior Vice President Division Director (SVP Division Director).

Key appointments include Nayda Rivera-Batista as EVP and Chief Consumer Officer, overseeing Mortgage, Consumer Lending, Auto, Leasing, and Insurance. Sara Alvarez (EVP, General Counsel) will oversee Regulatory Compliance and BSA units. The reorganization aims to improve operational efficiency, enhance customer experience, and drive business transformation.

First BanCorp (NYSE: FBP) reported Q4 2024 net income of $75.7 million ($0.46 per diluted share), compared to $73.7 million in Q3 2024 and $79.5 million in Q4 2023. For the full year 2024, net income was $298.7 million ($1.81 per diluted share), versus $302.9 million in 2023.

Key Q4 highlights include: net interest income of $209.3 million, loan growth of $303.2 million to $12.8 billion, and core deposits increase of $197.9 million to $12.9 billion. The net interest margin improved to 4.33% from 4.25% in Q3. The efficiency ratio was 51.57%, and the return on average assets was 1.56%.

The bank maintained strong capital ratios with estimated total capital at 18.02% and CET1 at 16.32%. The Board approved a 13% increase in common stock dividend. Asset quality remained stable with non-performing assets decreasing to $118.3 million from $119.1 million in Q3 2024.

First BanCorp (NYSE: FBP) has announced a 13% increase in its quarterly cash dividend to $0.18 per share, representing a $0.02 increase from the previous dividend paid in December 2024. The dividend will be payable on March 7, 2025, to shareholders of record as of February 21, 2025.

The increased dividend equates to an annualized dividend rate of $0.72 per common share. President and CEO Aurelio Alemán emphasized that this increase, along with their share buyback program, demonstrates their commitment to maximizing shareholder value, supported by consistent long-term performance, strong capital position, and positive future outlook.