Revenue: As of FY2025, the actual value is USD 1.255 B.EPS: As of FY2025, the actual value is USD 2.15, beating the estimate of USD 2.0994.EBIT: As of FY2025, the actual value is USD -452.21 M.<h4>Mortgage Banking Segment</h4>Segment income before taxes for the Mortgage Banking segment decreased to $43.5 million for the year ended December 31, 2025, from $58.5 million in 2024. Net Interest Income: $70.9 million for 2025, a decrease of $1.6 million from $72.5 million in 2024, primarily due to an increase in the cost of funds charged to the segment, partially offset by an increase in average loan balances. Provision for Credit Losses: The segment recorded a net benefit of $0.9 million for 2025, compared to a net benefit of $15.5 million for 2024. Non-Interest Income: $14.9 million for 2025, an increase of $1.4 million from $13.5 million in 2024, driven by an increase in net realized gain on sales of residential mortgage loans in the secondary market. Non-Interest Expenses: $43.2 million for 2025, an increase of $0.2 million from $43.0 million in 2024, driven by a $1.1 million decrease in net gains on OREO operations, a $0.5 million increase in other non-interest expenses, and a $0.4 million increase in employees’ compensation and benefits expenses, partially offset by decreases in professional service fees and FDIC deposit insurance expense.<h4>Consumer (Retail) Banking Segment</h4>Segment income before taxes for the Consumer (Retail) Banking segment increased to $289.0 million for the year ended December 31, 2025, from $243.3 million in 2024. Net Interest Income: $583.7 million for 2025, an increase of $32.9 million from $550.8 million in 2024, primarily driven by higher income from funds loaned to the Treasury and Investments segment due to higher average time deposit balances. Provision for Credit Losses: Decreased by $20.4 million to $74.9 million for 2025, compared to $95.3 million for 2024, mainly due to updated historical loss experience and reductions in the unsecured loan portfolio. Non-Interest Income: $95.4 million for 2025, a decrease of $0.8 million from $96.2 million in 2024, driven by a $1.1 million decrease in service charges and fees on deposit accounts and a $0.3 million decrease in insurance commission income, partially offset by a $0.8 million increase in card and processing income. Non-Interest Expenses: $315.2 million for 2025, an increase of $6.8 million from $308.4 million in 2024, driven by increases in employees’ compensation and benefits expenses, taxes other than income taxes, and credit and debit card processing fees, partially offset by decreases in other non-interest expenses, FDIC deposit insurance expense, and business promotion expenses.<h4>Commercial and Corporate Banking Segment</h4>Segment income before taxes for the Commercial and Corporate Banking segment remained relatively flat at $137.8 million for the year ended December 31, 2025, compared to $137.9 million in 2024. Net Interest Income: $173.8 million for 2025, an increase of $16.1 million from $157.7 million in 2024, primarily attributable to a $17.3 million decrease in the cost of funds charged to this segment, partially offset by a $2.0 million decrease in interest income. Provision for Credit Losses: An expense of $4.1 million for 2025, compared to a net benefit of $12.9 million for 2024, mainly due to C&amp;I loan growth and a deterioration in the economic outlook of commercial real estate property performance and the forecasted CRE price index.<h4>Outlook / Guidance</h4>First BanCorp. expects to sustain margin performance in 2026, driven by organic loan growth and continued reductions in funding costs. The Corporation anticipates quarterly net interest margin expansion of approximately 2 to 3 basis points, assuming two additional FED rate cuts and redeployment of approximately $1.1 billion in investment securities cash flows into higher-yielding assets. First BanCorp. also expects to return close to 100% of annual earnings to shareholders through capital deployment actions in 2026.

First Bancorp | 10-K: FY2025 Revenue: USD 1.255 B