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

First BanCorp. Q1 2025 net income rises to $77.1 million, or $0.47 per diluted share

Mixed Impact 3 of 5 earnings Written later

First BanCorp. (NYSE: FBP) reported first-quarter 2025 net income of $77.1 million, or $0.47 per diluted share, up from $75.7 million, or $0.46 per share, in the fourth quarter of 2024 and $73.5 million, or $0.44 per share, a year earlier. Net interest margin widened to 4.52% and the efficiency ratio improved to 49.58%, while the provision for credit losses rose to $24.8 million and non-performing assets increased to $129.4 million.

Key points

  • Net income of $77.1 million, or $0.47 per diluted share, versus $75.7 million, or $0.46 per share, in Q4 2024
  • Net interest margin rose 19 basis points to 4.52%; non-interest expenses fell to $123.0 million from $124.5 million
  • Provision for credit losses rose to $24.8 million from $20.9 million, mainly for commercial and construction loans
  • Non-performing assets increased $11.1 million to $129.4 million, mainly from a $12.6 million Florida hospitality loan

The filing

CompanyFirst BanCorp (Puerto Rico) (FBP)
Form8-K, current report
Filed with the SECApr 24, 2025, 11:30 AM ET
Accession number0001140361-25-015326

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 April 24, 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.