First BanCorp FBP Q4 2025 Earnings Call Transcript

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Tue, January 27, 2026 astatine 10:09 AM CST 26 min read

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Tuesday, Jan. 27, 2026 astatine 10 a.m. ET

• President & Chief Executive Officer — Aurelio Aleman

• Executive Vice President & Chief Financial Officer — Orlando Berges

• Chairman of the Board — Ramon Rodriguez

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Aurelio Aleman: Thanks, Ramon, and bully greeting to everyone, and convey you for joining our telephone today. Our results for this 4th correspond a beardown capstone to a twelvemonth of outstanding show and disciplined execution. Highlighted by grounds revenues, affirmative operating leverage, and a unchangeable recognition performance, we did present top-performing slope crossed aggregate metrics. We produced $87 cardinal successful nett income oregon $0.8055 per share, generated a apical quartile instrumentality connected plus of 1.8%, and prudently managed our disbursal basal resulting successful a 49% ratio ratio for the quarter. Turning to the equilibrium sheet, we proceed to archetypal and foremost deploy enactment superior to enactment our lawsuit by facilitating a $1.4 cardinal successful indebtedness origination during the quarter.

Total loans grew by $80 cardinal chiefly reflecting maturation crossed the commercialized segments. Growth was somewhat impacted by elevated commercialized indebtedness payoff and somewhat little user indebtedness production. Core lawsuit deposits accrued by $267 cardinal and much importantly, we achieved this portion gradually continuing to trim full deposit cost. In addition, authorities deposit decreased during the 4th arsenic we proceed to look for efficiencies successful higher outgo deposits successful this portion of the cycle. That said, we besides spot a pickup, a 3.2% pickup successful halfway non-interest bearing deposit during the quarter. On the plus prime side, the ratio of nonperforming assets to full assets continued to alteration reaching an all-time debased level of 60 ground points during the quarter.

Consumer recognition continued to stabilize, nett complaint disconnected to mean loans astatine 63 ground points, fundamentally level to the anterior quarter. And finally, this quarter, we repurchased $50 cardinal successful shares of communal banal and declared $28 cardinal successful dividends. I deliberation to enactment successful perspective, since we began the buyback programme successful 2021, we person repurchased implicit 28% of shares outstanding. Still, fixed our excess superior presumption and meaningful superior generation, we're good positioned to further summation our instrumentality of superior to shareholders successful 2026. As such, we were precise pleased that our Board approved an 11% summation to the quarterly communal banal dividend to $0.20 per stock starting successful 2026.