First Bancorp Q1 2025: $23.0B Assets, $230.2M Net Income

Ticker: FBP · Form: 10-Q · Filed: 2025-05-09T00:00:00.000Z

Sentiment: neutral

Topics: financials, earnings, banking

TL;DR

FIRST BANCORP Q1 2025: $23B assets, $230M profit. Solid quarter.

AI Summary

First Bancorp reported its first quarter 2025 results, ending March 31, 2025. The company's total assets stood at $23.0 billion, with total loans at $15.8 billion and total deposits at $19.7 billion. Net income for the quarter was $230.2 million.

Why It Matters

This filing provides insight into the financial health and performance of First Bancorp, a significant financial institution in Puerto Rico, impacting investors and the regional economy.

Risk Assessment

Risk Level: medium — As a financial institution, First Bancorp is subject to various economic and regulatory risks that can impact its profitability and stability.

Key Numbers

$23.0B — Total Assets (Indicates the overall size and scale of the company's operations.)
$15.8B — Total Loans (Represents the core lending business and a primary source of revenue.)
$19.7B — Total Deposits (Shows the amount of funds the bank holds for its customers, a key funding source.)
$230.2M — Net Income (Measures the company's profitability for the period.)

Key Players & Entities

FIRST BANCORP /PR/ (company) — Filer
20250331 (date) — Reporting Period End Date
$23.0 billion (dollar_amount) — Total Assets
$15.8 billion (dollar_amount) — Total Loans
$19.7 billion (dollar_amount) — Total Deposits
$230.2 million (dollar_amount) — Net Income

FAQ

What was First Bancorp's net income for the three months ended March 31, 2025?

First Bancorp reported a net income of $230.2 million for the three months ended March 31, 2025.

What were the total assets of First Bancorp as of March 31, 2025?

As of March 31, 2025, First Bancorp's total assets amounted to $23.0 billion.

How much in total loans did First Bancorp have at the end of the first quarter of 2025?

First Bancorp had total loans of $15.8 billion at the end of the first quarter of 2025.

What were the total deposits for First Bancorp on March 31, 2025?

Total deposits for First Bancorp on March 31, 2025, were $19.7 billion.

What is the Standard Industrial Classification (SIC) code for First Bancorp?

The Standard Industrial Classification (SIC) code for First Bancorp is 6022, which corresponds to State Commercial Banks.

From the Filing

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