FIRST BANCORP /PR/

Listed Company

FBPCIK 0001057706NYSELarge AcceleratedState Commercial BanksPuerto RicoPRFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$344.87M

Total Assets

$19.13B

Equity

$1.97B

Shares Out

154.68M

Op. Cash Flow

$448.56M

FBP$27.43+23.45% · past yearDBEQ Basic

Daily closing prices

Business

First BanCorp. is a Puerto Rico-based financial holding company providing full-service commercial and consumer banking, mortgage banking, automobile financing, and insurance agency services through FirstBank and subsidiaries. The company operates 57 banking branches in Puerto Rico, eight in the U.S. Virgin Islands and British Virgin Islands, and eight in Florida, serving individual and corporate customers across multiple product lines. Its business segments include Mortgage Banking, Consumer (Retail) Banking, Commercial and Corporate Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.

Summary from 10-K filed 2026-07-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans	979	965	891	748	719
Investment securities	103	93	103	103	73
Money market investments and interest-bearing cash accounts	41	37	30	12	3
Total interest and dividend income	1,123	1,095	1,023	863	795
Deposits	238	253	185	46	41
Short-term borrowings	86,000	18,000	8	3	—
Long-term borrowings	16	35	33	18	—
Total interest expense	254	288	226	67	—
Net interest income	869	807	797	795	730
Loans and finance leases	86	63	67	26	−62
Unfunded loan commitments	−130,000	−1	365,000	3	−4
Debt securities	185,000	−1	−6	−719,000	−410,000
Provision for credit losses - expense	86	60	61	28	−66
Net interest income after provision for credit losses	783	748	736	768	796
Service charges and fees on deposit accounts	39	39	38	38	—
Mortgage banking activities	14	13	11	15	25
Gain on early extinguishment of debt	0	0	2	0	0
Insurance commission income	13	14	13	14	12
Card and processing income	47	47	44	40	37
Other non-interest income	18	19	26	16	12
Total non-interest income	132	131	133	123	121
Employees' compensation and benefits	245	236	223	206	200
Occupancy and equipment	89	88	86	88	93
Business promotion	17	18	20	18	15
Professional service fees	48	49	46	48	60
Taxes, other than income taxes	24	22	21	20	22
Federal Deposit Insurance Corporation (FDIC) deposit insurance	8	10	15	6	7
Net gain on OREO operations	−2	−7	−7	−6	−2
Credit and debit card processing expenses	28	28	26	23	22
Communications	9	9	9	9	9
Other non-interest expenses	32	35	34	31	35
Total non-interest expenses	498	487	471	443	489
Income before income taxes	417	391	397	448	428
Income tax expense	72	92	95	143	147
Net income	345	299	303	305	281
Net income attributable to common stockholders	345	299	303	305	277
Basic	2.16	1.82	1.72	1.6	1.32
Diluted	2.15	1.81	1.71	1.59	1.31

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-09-30
Cash and due from banks	657	1,158	662	478	478
Time deposits with other financial institutions	750,000	500,000	300,000	300,000	—
Other short-term investments	700,000	700,000	939,000	2	—
Total money market investments	1	1	1	2	2
Available-for-sale debt securities, at fair value (amortized cost of $4,901,982 as of December 31, 2025 and $5,125,408 as of December 31, 2024; ACL of $763 as of December 31, 2025 and $521 as of December 31, 2024)	4,554	4,565	5,230	5,600	—
Held-to-maturity debt securities, at amortized cost, net of ACL of $733 as of December 31, 2025 and $802 as of December 31, 2024 (fair value of $262,055 as of December 31, 2025 and $308,040 as of December 31, 2024)	265	317	352	429	—
Equity securities	45	52	50	55	—
Total investment securities	4,863	4,934	5,632	6,084	—
Loans held for investment, net of ACL of $249,037 as of December 31, 2025 and $243,942 as of December 31, 2024	12,876	12,503	11,924	11,292	—
Mortgage loans held for sale, at lower of cost or market	17	15	7	12	—
Total loans, net	12,893	12,518	11,931	11,305	—
Accrued interest receivable on loans and investments	71	72	78	70	—
Premises and equipment, net	127	133	142	143	—
Other real estate owned (OREO)	8	17	33	—	—
Deferred tax asset, net	149	136	150	156	—
Goodwill	39	39	39	39	—
Other intangible assets	4	7	13	21	—
Other assets	321	277	229	306	—
Total assets	19,133	19,293	18,910	18,634	—
Non-interest-bearing deposits	5,549	5,548	5,404	6,113	—
Interest-bearing deposits	11,121	11,324	11,152	10,031	—
Total deposits	16,670	16,871	16,556	16,143	—
Long-term borrowings	290	562	662	—	—
Accounts payable and other liabilities	206	191	194	232	—
Total liabilities	17,166	17,624	17,412	17,309	—
Commitments and contingencies (See Note 27)	—	—	—	—	—
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 156,618,996 shares outstanding as of December 31, 2025 and 163,868,877 shares outstanding as of December 31, 2024	22	22	22	22	—
Additional paid-in capital	964	965	966	971	—
Retained earnings, includes legal surplus reserve of $262,534 as of December 31, 2025 and $230,178 as of December 31, 2024	2,268	2,039	1,846	1,644	—
Treasury stock (at cost), 67,044,120 shares as of December 31, 2025 and 59,794,239 shares as of December 31, 2024	−933	−790	−697	−507	—
Accumulated other comprehensive loss, net of tax of $7,986 as of December 31, 2025 and $8,221 as of December 31, 2024	−355	−567	−639	−805	—
Total stockholders' equity	1,967	1,669	1,498	1,326	—
Total liabilities and stockholders' equity	19,133	19,293	18,910	18,634	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	17	19	21	22	25
Amortization of intangible assets	4	6	8	9	11
Deferred income tax expense	−12	14	6	54	118
Stock-based compensation	10	9	8	5	5
Unrealized gain on derivative instruments	−829,000	−537,000	−301,000	−1	−4
Net gain on disposals or sales, and impairments of premises and equipment and other assets	−16,000	−103,000	−4	−706,000	−32,000
Net gain on sales of loans and loans held-for-sale valuation adjustments	−5	−3	−2	−5	−15
Net amortization of discounts, premiums, and deferred loan fees and costs	−668,000	344,000	1	−8	−25
Originations and purchases of loans held for sale	−171	−165	−147	−215	−503
Sales and repayments of loans held for sale	174	161	150	235	528
Amortization of broker placement fees	711,000	757,000	309,000	106,000	200,000
Net amortization of premiums and discounts on investment securities	−3	5	5	3	27
Decrease (increase) in accrued interest receivable	−11	6	−5	−11	8
Increase in accrued interest payable	3	5	18	2	−3
Increase in other assets	11	−11	−17	−2	24
(Decrease) increase in other liabilities	2	−176,000	−41	20	−13
Net cash provided by operating activities	449	404	363	440	400
Net disbursements on loans held for investment	−505	−705	−758	−604	599
Proceeds from sales of loans held for investment	4	18	8	62	81
Proceeds from sales of repossessed assets	55	64	54	46	56
Purchases of available-for-sale debt securities	−1,938	−266	−5	−512	−3,448
Proceeds from principal repayments and maturities of available-for-sale debt securities	2,164	997	550	627	1,446
Proceeds from principal repayments of held-to-maturity debt securities	54	38	86	32	13
Additions to premises and equipment	−11	−10	−23	−20	−13
Proceeds from sales of premises and equipment and other assets	25,000	1	4	1	832,000
Net (purchases) redemptions of equity securities	7	−2	6	—	—
Proceeds from the settlement of insurance claims - investing activities	0	670,000	483,000	0	600,000
Net cash provided (used) by investing activities	−170	136	−78	−681	−1,263
Net increase (decrease) in deposits	−240	261	471	−1,706	2,473
Net repayments of short-term borrowings	0	0	−550	550	0
Repayments of long-term borrowings	−270	−97	−20	−500	−240
Proceeds from long-term borrowings	0	0	300	200	0
Repurchase of outstanding common stock	−154	−102	−203	−278	−217
Dividends paid on common stock	−116	−106	−100	−88	−65
Net cash used in financing activities	−779	−44	−102	−1,822	1,912
Net increase (decrease) in cash and cash equivalents	−501	496	183	−2,063	1,049

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is FIRST BANCORP /PR/'s CIK number?

FIRST BANCORP /PR/'s SEC CIK number is 0001057706 (1057706). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find FIRST BANCORP /PR/'s SEC filings?

All of FIRST BANCORP /PR/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did FIRST BANCORP /PR/ last report earnings?

FIRST BANCORP /PR/ (FBP) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001057706-26-000010). This is FIRST BANCORP /PR/'s most recent earnings filing of record — not a forecast of its next earnings date.

What is FIRST BANCORP /PR/'s most recent earnings 8-K?

FIRST BANCORP /PR/'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001057706-26-000010. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View FIRST BANCORP /PR/'s latest earnings 8-K →
Look up any company's CIK number →