20 slides from First Bancorp. New's earnings presentation, Oct 23, 2025
Slide 1: Financial Results Third Quarter 2025
Financial ResultsThird Quarter 2025October 23, 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 3Q 2025 – Quarter Highlights Aurelio Alemán, President and Chief Executive Officer 2 3Q 2025 – Results of Operations Orlando Berges, Executive Vice President and Chief Financial Officer 3 3Q 2025 – Questions and Answers
Slide 4: Financial Performance Highlights
Third Quarter 2025 Financial Performance Highlights Balance Sheet Total loans grew by $181.4 million reaching $13.1 billion (1.4% vs. prior quarter) mainly reflecting growth across commercial segments Core deposits, other than brokered and fully collateralized government deposits, increased by $138.
Slide 5: Franchise Highlights and Operating Environment
Franchise Highlights and Operating Environment Adj. ROAA(1): 1.70% Adj. ROACE(1): 14.15% 1 CET1 Ratio:16.7% ACL Coverage: 1.89% 2 6% Growth in Tangible Book Value 3 PR Economic Activity Index (EAI)(2) 1Q20 2Q20 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 YoY Change PR Payroll Employment (Thousands) 2Q20 4Q21 4Q22
Slide 6: Results of Operations
Eatery BanCorp | Results of Operations
Slide 7: Discussion of Results
Third Quarter 2025 Discussion of Results 3Q25 Adjusted Tangible Common Equity Ratio (ex. Special Items) 3Q25 Adjusted Tangible Book Value per Share (ex. Special Items) 3Q25 Adjusted ROACE (ex. Special Items) 3Q25 TCE Ratio AOCL Impact Adj. TCE Ratio Special Items 0.09% 3Q25 TBVPS AOCL Impact Adj. TB
Slide 8: Profitability Dynamics: Net Interest Income
Third Quarter 2025 Profitability Dynamics Net Interest Income ($MM) 4.25% 3Q24 4.33% 4Q24 4.52% 1Q25 4.56% 2Q25 4.57% 3Q25 Net Interest Income ($) Net Interest Margin (GAAP %) Net interest income amounted to $217.9 million, an increase of $2.0 million vs. the prior quarter, which includes $1.3 milli
Slide 9: Profitability Dynamics: Non-Interest Expenses and Income
Third Quarter 2025 Profitability Dynamics Non-Interest Expenses ($MM) Non-Interest Income ($MM) 100 -20 0 80 120 140 $64.5 3Q24 -$0.1 $65.0 4Q24 -$0.5 $61.4 -$0.7 $0.0 $63.2 2Q25 $1.9 $63.2 1Q25 $122.9 $124.5 $123.0 $123.3 $124.9 3Q25 Credit Related Payroll Related Other Operating Expenses $3.2 3Q24
Slide 10: Asset Quality
Third Quarter 2025 Asset Quality Non-Performing Assets ($MM) Decrease in non-performing assets was driven by a $3.8 million decrease in nonaccrual loans and a $5.1 million reduction in OREO balances mainly due to the $2.8 million valuation adjustment recorded in a commercial OREO in the Virgin Islan
Slide 11: ACL and Capital
Third Quarter 2025 ACL and Capital Total stockholders’ equity amounted to $1.9 billion, an increase of $72.6 million vs. the prior quarter, driven by a $48.8 million increase in the fair value of available-for-sale debt securities due to changes in market rates recognized as part of accumulated othe
Slide 12: 3Q 2025 Financial Results Appendix and Non-GAAP Financial Measures
3Q 2025 Financial Results Appendix and Non-GAAP Financial Measures
Slide 13: Balance Sheet Highlights
Third 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) $13 $207 3Q24 $15 $228 4Q24 $15 $234 1Q25 $10 $245 2Q25 $13 $260 3Q25 Loans HFS Comme
Slide 14: Puerto Rico Government Exposure
Third Quarter 2025 Appendix - Puerto Rico Government Exposure Government Loans Key Highlights Government Deposits Key Highlights As of 3Q 2025, the Corporation had $295.8 million of direct exposure and $78.3 million of indirect exposure to the Puerto Rico government, its municipalities and public co
Slide 15: NPL Migration
Third Quarter 2025 Appendix - NPL Migration
Slide 16: Use of Non-GAAP Financial Measures
Third 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: Use of Non-GAAP Financial Measures
Third 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: Use of Non-GAAP Financial Measures: Special Items
Third Quarter 2025 Appendix - Use of Non-GAAP Financial Measures Special Items Certain non-GAAP financial measures, such as adjusted non-interest expenses, adjusted income tax expense, adjusted net income, adjusted earnings per share, adjusted return on average assets, adjusted return on average equ
Slide 19: Use of Non-GAAP Financial Measures
Third 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 20: RAM LES LE
RAM LES LE DAM LES LE -20-