secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /PR/ (FBP)
CIK:        0001057706
Form:       8-K
Filed at:   2026-01-27T23:59:59+00:00
Accession:  0001057706-26-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057706/000105770626000005/0001057706-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057706/000105770626000005/fbpPRQ42025.htm
  HTML page:      https://secwatch.observer/filing/0001057706-26-000005

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