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MarketBeat
Tue, January 27, 2026 astatine 10:39 AM CST 8 min read
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First BanCorp. reported beardown profitability with Q4 nett income of $87 million, a 49% ratio ratio for the 4th and a 1.8% instrumentality connected assets, with adjusted pre-tax, pre-provision income rising to $129.2 million.
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Net involvement borderline was 4.68% (4.65% adjusted), helped by lower deposit costs, a $170 cardinal emergence successful non‑interest deposits and higher securities reinvestment; absorption expects NIM to emergence astir 2–3 ground points per 4th successful 2026 connected ~ $848 cardinal of securities currency flows.
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Management continued superior returns—repurchasing $150 cardinal of shares and paying $150 cardinal successful dividends successful 2025, raising the quarterly dividend 11% to $0.20—and reiterated 2026 targets including 3–5% integrated indebtedness growth, an ratio ratio of 52% oregon better, and returning adjacent to 100% of net to shareholders.
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First BanCorp. (NYSE:FBP) absorption highlighted grounds revenues, beardown profitability and continued superior returns during the company’s fourth-quarter and full-year 2025 net call. CEO Aurelio Alemán and CFO Orlando Berges pointed to affirmative operating leverage, unchangeable recognition trends and little deposit costs arsenic cardinal drivers of performance, portion maintaining mostly unchanged guidance for 2026.
Alemán said the 4th fourth capped “a twelvemonth of outstanding show and disciplined execution,” citing grounds revenues and a 49% ratio ratio for the quarter. The institution reported nett income of $87 cardinal and net per stock of $0.85, according to the CEO, on with a instrumentality connected assets of 1.8%.
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Berges provided GAAP quarterly results of $87.1 million, oregon $0.55 per share, down from $100.5 million, oregon $0.63 per share, successful the 3rd quarter. He attributed the sequential diminution chiefly to prior-quarter items, including a $16.6 cardinal reversal of a valuation allowance connected deferred taxation assets related to holding institution nett operating losses and a $2.3 cardinal worker taxation credit. Excluding those items, Berges said net per stock were 8% higher than the 3rd 4th and adjusted pre-tax, pre-provision income roseate to $129.2 cardinal from $121.5 million.
Net involvement income accrued $4.9 cardinal 4th implicit 4th to $222.8 million, Berges said. Results included $0.8 cardinal collected connected a non-accrual indebtedness payoff and $0.5 cardinal from a prepayment punishment connected a Florida indebtedness payoff. Net involvement borderline was 4.68% (4.65% adjusted), which Berges said was 8 ground points higher than the anterior 4th connected an adjusted basis.
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