First BanCorp (FRA:OLWN)

Q3 2025 First BanCorp Earnings Call Transcript

Oct 23, 2025 / 02:00 PM GMT

Release Date Price: €17.7 (-2.21%)

Transcript 8-K

Key Points

Positve

First BanCorp (FBP) reported a strong net income of $100 million for the quarter, with a 13% growth in normalized earnings per share compared to the prior year.
The company achieved a significant milestone by surpassing $13 billion in total loans for the first time since 2010, with a 5.6% annualized growth in loan production.
First BanCorp (FBP) maintained a strong capital position, enabling continued support for clients and a $200 million share buyback program authorized through 2026.
The company reported a 7% reduction in non-performing assets, indicating improved asset quality and stable credit trends.
The tangible book value per share increased by 6% to $11.79, reflecting a strong capital base and improved fair value of available-for-sale securities.

Negative

First BanCorp (FBP) experienced a slowdown in consumer credit demand, particularly in the auto industry, which was below original expectations.
The company faced increased competitive pricing pressures, leading to a 15 basis points increase in the cost of government deposits.
Net interest margin growth was lower than expected, with only a 1 basis point increase compared to the previous quarter.
There was a $2.8 million valuation allowance recorded for a commercial real estate property in the Virgin Islands due to ongoing litigation.
The company anticipates potential impacts from evolving trade dynamics and inflationary pressures, which could affect businesses and consumers in their regions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FBP.N - First Bancorp
Q3 2025 First BanCorp Earnings Call
Oct 23, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the first Bangor 3rd quarter 2025 financial results. My name is Carla and I will be coordinating your call today. During the presentation, you can register to ask questions by pressing followed by 1 on your telephone keypad. If you change your mind, please press star followed by 2. I would now like to hand you over to the investor relations officer Ramon Rodriguez to begin. Please go ahead when you're ready.

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Unidentified_2 [2]
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Thank you, Carla. Good morning everyone and thank you for joining First Bank Corp's conference call and webcast to discuss

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