First Bancorp. New · NYSE:FBP
First Bancorp. New — Q4 2025 Earnings Presentation
19 slides from First Bancorp. New's earnings presentation, Jan 27, 2026
Slide 1: Financial Results Fourth Quarter and Full Year 2025
Financial Results Fourth Quarter and Full Year 2025 January 27, 2026 -1-
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 Aurelio Alemán, 1 4Q 2025 – Quarter Highlights President and Chief Executive Officer Orlando Berges, 2 4Q 2025 – Results of Operations Executive Vice President and Chief Financial Officer 3 4Q 2025 – Questions and Answers -3-
Slide 4: Fourth Quarter 2025 Financial Performance Highlights
FOURTH QUARTER 2025 Financial Performance Highlights ▪ Net income of $87.1 million ($0.55 per diluted share), compared to $100.5 million ($0.63 per diluted share) in 3Q 2025 ▪ Record net interest income of $222.8 million, up 2.2% when compared to 3Q 2025 Profitability ▪ On a non-GAAP basis, record a
Slide 5: 2025 Another Year of Strong Performance and Consistent Returns
2025 - ANOTHER YEAR OF STRONG PERFORMANCE AND CONSISTENT RETURNS 2025 HIGHLIGHTS AND STRATEGIC PRIORITIES FOR 2026 OPERATING ENVIRONMENT2 Steady Economic Environment. +0.4% Real Record Financial Results Balance Sheet Strength GNP Growth in FY20253; latest official Consistent Omnichannel 1 and Top-Qu
Slide 6: Results of Operations
Cred Bancorn | Results of Operations
Slide 7: Fourth Quarter 2025 Discussion of Results
FOURTH QUARTER 2025 Discussion of Results Income Statement and Selected Financial Data Non-GAAP Reconciliation – Selected Data(1) 4Q 2025 3Q 2025 Variance 4Q 2024 FY 2025 FY 2024 4Q25 Adjusted Tangible Common Equity Ratio ($ in thousands, except per share data and financial ratios) Interest income $
Slide 8: Profitability Dynamics
FOURTH QUARTER 2025 Profitability Dynamics Net Interest Income ($MM) Evolution of Loan Yields and Cost of Funds(1) 250 10 $215.9 $217.9 $222.8 7.71% 7.75% 7.64% 7.62% 7.55% $209.3 $212.4 9 200 8 7 150 4.68% 6 4.33% 4.52% 4.56% 4.57% 5 6.10% 6.22% 6.18% 6.11% +6.09% 100 4 3 1.61% 1.53% 1.46% 1.51% 1.
Slide 9: Profitability Dynamics
FOURTH QUARTER 2025 Profitability Dynamics Non-Interest Income ($MM) Non-Interest Expenses ($MM) 40 $35.7 10 140 $124.5 $123.0 $123.3 $124.9 $126.9 10 $34.4 $32.2 $31.0 $30.8 $0.0 $1.9 $0.2 8 120 8 30 100 $59.6 $63.2 $22.9 $20.3 6 $62.1 $60.1 $59.8 6 $19.3 $17.7 $17.7 20 80 4 4 10 $3.2 $3.2 $3.4 $3.
Slide 10: Asset Quality
FOURTH QUARTER 2025 Asset Quality Non-Performing Assets ($MM) Repossessed Assets and Other Residential Commercial Repossessed Assets and Other Non-Performing Loans NPAs/Assets Consumer Construction 140 $129.4 $128.0 140 $129.4 $128.0 10 $118.3 $119.4 1.0 $118.3 $119.4 120 $114.1 120 $114.1 $30.9 $27
Slide 11: ACL and Capital
FOURTH QUARTER 2025 ACL and Capital Evolution of ACL ($MM) and Capital Ratios (%) ACL on Loans to Total Loans (%) 18.0 16.3 18.0 16.6 17.9 16.6 17.9 16.7 18.0 16.8 $248.4 $251.7 $253.2 $251.0 $253.5 16.6 16.6 16.7 16.8 250 $4.5 $4.4 $4.6 $4.0 $4.5 16.3 7.5 200 11.1 11.2 11.4 11.5 11.6 9.6 9.7 10.1 1
Slide 12: 4Q 2025 Financial Results Appendix and Non-GAAP Financial Measures
4Q 2025 Financial Results Appendix and Non-GAAP Financial Measures -12-
Slide 13: Appendix – Balance Sheet Highlights
FOURTH QUARTER 2025 Appendix – Balance Sheet Highlights Loan Portfolio - $MM Total Deposits (excluding Brokered CDs) - $MM Public Funds Distribution - $MM Public Corp/Agencies US Govt. $12,762 $12,690 $12,880 $13,061 $13,142 $16,393 $16,340 $16,233 $3,016 Municipalities $16,027 $16,077 $15 $15 $10 $
Slide 14: Appendix - NPL Migration
FOURTH QUARTER 2025 Appendix - NPL Migration 4Q 2025 Residential Commercial Commercial & Construction Consumer Total Mortgage Mortgage Industrial Beginning balance $ 28,866 $ 21,437 $ 19,650 $ 5,591 $ 20,717 $ 96,261 Plus: Additions to non-performing 4,254 101 12,326 - 29,517 46,198 Less: Non-perfor
Slide 15: Appendix - Use of Non-GAAP Financial Measures
FOURTH 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 16: Appendix - Use of Non-GAAP Financial Measures
FOURTH 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
FOURTH 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, and adjusted pre-tax, pre-pro
Slide 18: Appendix - Use of Non-GAAP Financial Measures
FOURTH 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: RLS LLLSSeee
RLS LLLSSeee RED LEE LEE RED LLEE LEE -19-