First BanCorp. Earnings Call Transcripts
Fiscal Year 2026
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Q3 net income was $96.1 million and loans grew 3.3% annualized, with stable credit quality. Q4 margin is expected near Q3 levels, while a higher dividend and expanded $350 million buyback authorization increase shareholder returns.
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Net income rose 24% year-over-year to $96 million, with record pre-tax pre-provision income and strong loan growth, especially in commercial and hospitality sectors. Asset quality remains robust, and capital ratios are high, supporting continued investments and shareholder returns.
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Q1 2026 net income rose 21% year-over-year to $89M, with record pre-tax pre-provision income and strong ROA. Credit quality improved, capital return remained high, and guidance for loan growth and NIM expansion was reaffirmed amid stable economic conditions.
Fiscal Year 2025
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Record revenues and net income were achieved in 2025, with strong returns, improved efficiency, and stable asset quality. Capital was returned to shareholders through buybacks and dividends, and guidance for 2026 includes continued growth, stable margins, and disciplined expense management.
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Q3 2025 saw net income of $100M, with adjusted EPS up 13% year-over-year, driven by record net interest income and disciplined expenses. Loan growth guidance was revised to 3%-4% for the year, and a new $200M share buyback was authorized.
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Net income reached $80 million with a 1.69% ROA and record net interest income, driven by strong commercial loan growth and stable asset quality. Deposit declines were concentrated among a few large commercial accounts, while capital deployment and technology investments remain priorities.
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Strong Q1 results featured margin expansion, stable credit, and robust capital deployment. Guidance for mid-single digit loan growth and margin expansion remains unchanged, with continued digital investment and a healthy deposit base.
Fiscal Year 2024
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Q4 and full-year 2024 saw strong net income, loan and deposit growth, and record low non-performing assets. Guidance for 2025 includes mid-single-digit loan growth, margin expansion, and a 13% dividend increase, with continued investment in technology and capital deployment.
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Net income reached $73.7 million with strong asset quality and a 1.55% ROA. Loan growth guidance was revised to 4% for 2024 due to higher prepayments, while capital ratios and tangible book value improved. Efficiency ratio remains around 52%.
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Q2 2024 saw net income rise to $75.8M with strong loan and deposit growth, stable asset quality, and a CET1 ratio of 15.8%. Guidance for loan growth and margin expansion is maintained, with capital focused on trust preferred redemptions and continued shareholder returns.