First Bancorp. New · NYSE:FBP
First Bancorp. New — First Bancorp — Q2 2025 Earnings Presentation
19 slides from First Bancorp. New's earnings presentation, Jul 22, 2025
Slide 1: Financial Results Second Quarter 2025
Financial ResultsSecond Quarter 2025July 22, 2025
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains “forward-looking statements” concerning the Corporation’s future economic, operational and financial performance. The words or phrases “expect,” “anticipate,” “intend,” “should,” “would,” “will,” “plans,” “forecast,” “believe” and similar express
Slide 3: Agenda
Agenda 1 2Q 2025 – Quarter Highlights Aurelio Alemán, President and Chief Executive Officer 2 2Q 2025 – Results of Operations Orlando Berges, Executive Vice President and Chief Financial Officer 3 2Q 2025 – Questions and Answers
Slide 4: Financial Performance Highlights
Second Quarter 2025 Financial Performance Highlights Balance Sheet Total loans grew by $189.7 million to $12.9 billion (1.5% vs. prior quarter) reflecting growth across main business segments Core deposits, other than brokered and fully collateralized government deposits, decreased by $240.9 million
Slide 5: Franchise Highlights and Operating Environment
Franchise Highlights and Operating Environment ROAA: 1.69% Adj. ROACE(1): 14.2% 1 CET1 Ratio:16.6% ACL Coverage: 1.93% 2 5% Growth in Tangible Book Value 3 PR Economic Activity Index (EAI)(2) 1Q20 2Q20 4Q21 4Q22 4Q23 4Q24 1Q25 YoY Change PR Payroll Employment (Thousands) 1Q20 2Q20 4Q21 4Q22 4Q23 4Q2
Slide 6: Results of Operations
Eatery BanCorp | Results of Operations
Slide 7: Discussion of Results
Second Quarter 2025 Discussion of Results 2Q25 Adjusted Tangible Common Equity Ratio 2Q25 Adjusted Tangible Book Value per Share 2Q25 Adjusted ROACE 2Q25 TCE Ratio AOCL Impact Adj. TCE Ratio 2.0% 2Q25 TBVPS AOCL Impact Adj. TBVPS 2Q25 ROACE AOCL Impact Adj. ROACE (1) Non-GAAP financial measures. Ple
Slide 8: Profitability Dynamics: Net Interest Income
Second Quarter 2025 Profitability Dynamics Net Interest Income ($MM) 4.22% 2Q24 4.25% 3Q24 4.33% 4Q24 4.52% 1Q25 4.56% 2Q25 Net Interest Income ($) Net Interest Margin (GAAP %) Net interest income amounted to $215.9 million, an increase of $3.5 million vs. the prior quarter, which includes $1.6 mill
Slide 9: Profitability Dynamics: Non-Interest Income and Expenses
Second Quarter 2025 Profitability Dynamics Non-Interest Expenses ($MM) Non-Interest Income ($MM) -20 0 80 100 120 140 -$2.5 $63.7 2Q24 -$0.7 $64.5 3Q24 1Q25 $61.4 $123.0 -$0.5 $123.3 2Q25 4Q24 $63.2 $118.7 $65.0 $0.0 $122.9 -$0.1 $124.5 Credit Related Payroll Related Other Operating Expenses 2Q24 $3
Slide 10: Asset Quality
Second Quarter 2025 Asset Quality Non-Performing Assets ($MM) Decrease in non-performing assets was primarily driven by lower non-accrual consumer loans and lower OREO and other repossessed properties, partially offset by the inflow of a $4.3 million construction loan in Puerto Rico Inflows to non-a
Slide 11: ACL and Capital
Second Quarter 2025 ACL and Capital Total stockholders’ equity amounted to $1.8 billion, an increase of $66.1 million vs. the prior quarter, driven by a $41.2 million increase in the fair value of available-for-sale debt securities due to changes in market rates recognized as part of accumulated oth
Slide 12: Appendix and Non-GAAP Financial Measures
2Q 2025 Financial Results Appendix and Non-GAAP Financial Measures
Slide 13: Appendix – Balance Sheet Highlights
Second Quarter 2025 Appendix – Balance Sheet Highlights Loan Portfolio - $MM Loan Originations - $MM(1) Total Deposits (excluding Brokered CDs) - $MM Composition of Deposit Portfolio vs. Available Liquidity - $MM(2) $10 $186 2Q24 $13 $207 3Q24 $15 $228 4Q24 $15 $234 1Q25 $10 $245 2Q25 Loans HFS Comm
Slide 14: Appendix - Puerto Rico Government Exposure
Second Quarter 2025 Appendix - Puerto Rico Government Exposure Government Loans Key Highlights Government Deposits Key Highlights As of 2Q 2025, the Corporation had $286.9 million of direct exposure and $69.7 million of indirect exposure to the Puerto Rico government, its municipalities and public c
Slide 15: Appendix - NPL Migration
Second Quarter 2025 Appendix - NPL Migration
Slide 16: Appendix - Use of Non-GAAP Financial Measures
Second Quarter 2025 Appendix - Use of Non-GAAP Financial Measures Basis of Presentation: Use of Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. Non-GAAP financial measures are used when management believes that the presentation of these non-GAAP financial measures
Slide 17: Appendix - Use of Non-GAAP Financial Measures
Second Quarter 2025 Appendix - Use of Non-GAAP Financial Measures Basis of Presentation: Use of Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. Non-GAAP financial measures are used when management believes that the presentation of these non-GAAP financial measures
Slide 18: Appendix - Use of Non-GAAP Financial Measures
Second Quarter 2025 Appendix - Use of Non-GAAP Financial Measures Basis of Presentation: Use of Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. Non-GAAP financial measures are used when management believes that the presentation of these non-GAAP financial measures
Slide 19: RAM LES LE
RAM LES LE DAM LES LE 49-