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

First BanCorp net income rises to $100.5 million, or $0.63 per share, in third quarter

Positive Impact 3 of 5 earnings Written later

First BanCorp reported third-quarter 2025 net income of $100.5 million, or $0.63 per diluted share, up from $80.2 million, or $0.50, in the second quarter and $73.7 million, or $0.45, a year earlier. The results include a one-time reversal of about $16.6 million in deferred tax valuation allowance and a $2.3 million employee retention credit benefit, which the company excluded from its adjusted figures; adjusted diluted EPS was $0.51.

Key points

  • Q3 2025 net income was $100.5 million, or $0.63 per diluted share, versus $80.2 million, or $0.50, in Q2 2025 and $73.7 million, or $0.45, in Q3 2024.
  • Adjusted diluted EPS was $0.51 for Q3 2025, excluding special items including the $16.6 million tax valuation allowance reversal.
  • Net interest income rose to $217.9 million from $215.9 million, and net interest margin was 4.57% versus 4.56%.
  • The company repurchased $50.0 million of common stock in the quarter, and its board authorized a new buyback program of up to $200 million.

The filing

CompanyFirst BanCorp (Puerto Rico) (FBP)
Form8-K, current report
Filed with the SECOct 23, 2025, 9:30 AM ET
Accession number0001140361-25-039026

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 October 23, 2025.

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