First BanCorp. reported a strong finish to a record year in Q4 2025, driven by record revenues, positive operating leverage, and stable credit performance. The company achieved its highest net income and EPS in 2025, demonstrating a resilient business model despite a slight slowdown in loan growth.
Full-year 2025 net income reached a record $344.9 million, a 15.5% increase from $298.7 million in 2024.
positiveFull-year 2025 diluted EPS was $2.15, a 19% increase from $1.81 in 2024.
positiveNet interest margin improved to 4.68% in Q4 2025 from 4.57% in Q3 2025, driven by deployment of cash flows to higher-yielding assets and reduced deposit costs.
positiveTotal non-performing assets decreased by $5.3 million to $114.1 million in Q4 2025, reaching an all-time low level of non-performing assets for the year.
positiveQ4 2025 net income decreased to $87.1 million from $100.5 million in Q3 2025.
attentionTotal loans grew by 3% in 2025, slightly below original expectations, largely due to elevated commercial loan payoffs and a deceleration in consumer loan production.
attentionProvision for credit losses increased to $23.0 million in Q4 2025 from $17.6 million in Q3 2025, mainly related to loan growth in commercial and construction portfolios.
attentionInflows to nonaccrual loans held for investment increased by $14.0 million to $46.2 million in Q4 2025 compared to Q3 2025.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Our fourth quarter results marked a strong finish to a record year for the franchise underscored by record revenues, positive operating leverage, and stable credit performance.
By virtually all measures, 2025 was an exceptional year for the organization. We crossed $1.0 billion in total revenues, generated record net income of $345 million, grew earnings per share by 19%, and posted a strong 1.8% return on average assets, all while reaching an all-time low level of non-performing assets.
We continued to reposition our balance sheet towards higher yielding investment securities, strengthened our liquidity and capital levels, and advanced key strategic technology initiatives across our operating regions.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.