---
schema_version: "secwatch.filing_event.v1"
accession: "0001057706-26-000005"
form_type: "8-K"
ticker: "FBP"
cik: "0001057706"
company_name: "FIRST BANCORP /PR/"
filed_at: "2026-01-27T23:59:59+00:00"
generated_at: "2026-05-16T07:23:38.365365+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First BanCorp reports record FY2025 net income $345M; Q4 EPS $0.55 vs $0.63 Q3

## Summary
- FY2025 net income $344.9M ($2.15 EPS), up from $298.7M ($1.81) in FY2024, a 19% EPS increase.
- Q4 net income $87.1M ($0.55 EPS) vs $100.5M ($0.63) in Q3, which included a one-time $16.6M tax benefit.
- Net interest margin rose to 4.68% from 4.57% Q3; efficiency ratio improved to 49.33%.
- Total loans grew $80.8M to $13.1B; core deposits +$266.5M; non-performing assets fell to $114.1M.
- Repurchased $50M stock and declared $28.3M in dividends in Q4; CET1 ratio 16.76%.

## SEC filing metadata
- accession: 0001057706-26-000005
- form_type: 8-K
- ticker: FBP
- cik: 0001057706
- company_name: FIRST BANCORP /PR/
- filed_at: 2026-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1057706/000105770626000005/0001057706-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1057706/000105770626000005/fbpPRQ42025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001057706-26-000005
- JSON: https://secwatch.observer/filing/0001057706-26-000005.json
- Plain text: https://secwatch.observer/filing/0001057706-26-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.