FIRST BANCORP Reports Strong 2025 Earnings, Boosts Dividend 11%, and Executes Substantial Share Repurchases
Summary
First BanCorp reported strong full-year 2025 earnings, increased its quarterly dividend by 11%, and executed significant share repurchases, reflecting solid financial performance and a commitment to shareholder returns.
Key Events
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Record 2025 Financial Performance
Net income rose to $344.9 million ($2.15 diluted EPS) in 2025, up from $298.7 million ($1.81 diluted EPS) in 2024, driven by increased net interest income.
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Increased Quarterly Dividend
The Board declared an 11% increase in the quarterly cash dividend to $0.20 per common share, payable March 13, 2026.
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Substantial Share Repurchases
The company repurchased 7.67 million shares for $150.0 million in 2025 and has a remaining authorization of $187.2 million as of February 20, 2026.
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Improved Capital Ratios
Tangible common equity ratio increased to 10.08% from 8.44%, and tangible book value per share rose to $12.29 from $9.91.
Analysis
First BanCorp's 2025 annual report confirms robust financial performance, marked by significant net income and EPS growth. The company demonstrated strong capital management through substantial share repurchases and an increased quarterly dividend, signaling confidence in its financial health and future outlook. While the provision for credit losses increased due to C&I loan growth and a deteriorating commercial real estate outlook, the overall asset quality remains stable. Investors should note the one-time tax benefit from Act 65-2025 and the continued focus on capital deployment.
At the time of this filing, FBP was trading at $21.17 on NYSE in the Finance sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $16.40 to $23.43. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.