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AI brief of an SEC Form 8-K · First BanCorp (Puerto Rico) (FBP)

First BanCorp. Q4 2024 net income $75.7 million, up from $73.7 million in Q3

Positive Impact 3 of 5 earnings Written later

First BanCorp. reported fourth-quarter 2024 net income of $75.7 million, or $0.46 per diluted share, up from $73.7 million, or $0.45 per share, in the third quarter but down from $79.5 million, or $0.46 per share, a year earlier. For the full year, net income rose to $298.7 million, or $1.81 per diluted share, from $302.9 million, or $1.71 per share, in 2023 (the full-year net income figure is slightly lower than 2023, so the per-share gain reflects a lower share count). The Board approved a 13% increase in the common stock dividend.

Key points

  • Q4 2024 net income $75.7 million and $0.46 per diluted share, vs. $73.7 million and $0.45 in Q3 2024 and $79.5 million and $0.46 in Q4 2023
  • Full-year 2024 net income $298.7 million, or $1.81 per diluted share, vs. $1.71 in 2023
  • Net interest margin rose to 4.33% from 4.25% in Q3 2024
  • Total loans grew $303.2 million to $12.8 billion; Board approved a 13% increase in the common stock dividend

The filing

CompanyFirst BanCorp (Puerto Rico) (FBP)
Form8-K, current report
Filed with the SECJan 23, 2025, 8:30 AM ET
Accession number0001140361-25-001676

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 23, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.