First BanCorp. Earnings Call Transcripts
Fiscal Year 2026
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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, stable credit, and robust capital returns to shareholders. Guidance for 2026 includes 3%-5% loan growth, stable asset quality, and continued high capital returns.
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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 2024 saw strong net income, margin expansion, and record-low non-performing assets, with robust loan and deposit growth across segments. Guidance for 2025 includes mid-single-digit loan growth, a 20 bps margin increase, and a 13% dividend hike, supported by a positive economic outlook.
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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.