First BanCorp. (NYSE: FBP) announced today that it earned $100.5 million, or $0.63 per diluted share, for the third quarter of 2025, up from $80.2 million ($0.50 EPS) in the second quarter. Net interest income rose to $217.9 million, giving the bank a net interest margin of 4.57%, a one‑basis‑point increase over the prior quarter. The company’s total loans grew by $181 million to $13.1 billion, while core customer deposits increased by $139 million to $12.8 billion.
The earnings release highlighted significant capital deployment: First BanCorp repurchased $50 million of common stock and declared a $28.7 million dividend. In addition, the board approved a new share‑repurchase program of up to $200 million, underscoring the company’s confidence in its balance sheet and its commitment to returning excess capital to shareholders. These actions were accompanied by a net interest income increase driven by a shift in the asset mix toward higher‑yielding loans.
Credit quality remained stable, with provisions for credit losses at $17.6 million and net charge‑offs at 0.62% of average loans. Non‑performing assets fell to $119.4 million, and the company’s capital ratios—CET1, Tier 1, and leverage—exceeded regulatory requirements, reflecting a robust capital position. The combination of margin expansion, loan growth, and disciplined capital deployment positions First BanCorp to sustain its earnings momentum and shareholder returns in the coming quarters.
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