First BanCorp reported fourth-quarter 2025 earnings of $0.55 per share, representing a 19.6% increase from the $0.46 per share earned in the same period a year earlier. Net income rose due to improved loan growth in Puerto Rico and favorable credit reserves, driving a 12% increase in pre-provision net revenue. The return on tangible common equity expanded to 9.8%, up from 8.3% in Q4 2024, reflecting stronger core profitability and disciplined expense management.

The $0.55 per share result exceeded the Zacks Consensus Estimate of $0.52 by 5.8%, while total revenue outpaced consensus by approximately 3%. Net interest margin widened to 3.45%, up 15 basis points sequentially, driven by higher yielding commercial loan balances. Non-interest income also contributed positively, with service charges and fees rising 7% year-over-year on increased transaction volumes, underscoring diversified revenue streams beyond traditional lending.

The Board of Directors approved an 11% increase in the quarterly cash dividend, raising it to $0.20 per common share from $0.18. This marks the sixth consecutive annual dividend hike and underscores the company’s confidence in its capital generation and balance sheet strength. The dividend is payable on March 13, 2026, to shareholders of record at the close of business on February 26, 2026, reflecting a common equity Tier 1 ratio of 12.1% that remains well above regulatory requirements.