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FIRST BANCORP. (Holding Company Only) Financial Information (Tables)
 6 Months Ended
Jun. 30, 2025
FIRST BANCORP. (Holding Company Only) Financial Information [Abstract]  
Statements of Financial Condition [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following condensed
 
financial information presents
 
the financial position
 
of First BanCorp.
 
at the holding
 
company level only
as of
 
June 30,
 
2025 and
 
December 31,
 
2024, and
 
the results
 
of its
 
operations
 
for the
 
quarters and
 
six-month
 
periods ended
 
June 30,
2025 and 2024:
Statements of Financial Condition
As of June 30,
As of December 31,
2025
2024
(In thousands)
Assets
Cash and due from banks
$
27,923
$
13,295
Equity securities
1,725
1,275
Investment in First Bank Puerto Rico, at equity
1,790,198
1,694,000
Investment in First Bank Insurance Agency,
 
at equity
28,213
24,121
Investment in FBP Statutory Trust I
(1)
-
1,289
Investment in FBP Statutory Trust II
(1)
-
561
Dividends receivable
1,220
619
Other assets
576
459
Total assets
$
1,849,855
$
1,735,619
Liabilities and Stockholders’ Equity
Liabilities:
Long-term borrowings
(1)
$
-
$
61,700
Accounts payable and other liabilities
4,400
4,683
Total liabilities
4,400
66,383
Stockholders’ equity
1,845,455
1,669,236
Total liabilities and stockholders’
 
equity
$
1,849,855
$
1,735,619
(1)
During the first half of 2025,
 
the Corporation redeemed the
 
remaining $
61.7
 
million of the outstanding TruPS
 
issued by FBP Statutory Trusts
 
I and II (or $
59.8
 
million after excluding the
Corporation’s interest in the Trusts
 
of approximately $
1.9
 
million), as further explained in Note 6 – “Non-Consolidated
 
Variable Interest
 
Entities (“VIEs”) and Servicing Assets.”
Statements of Income [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Income
 
Quarter Ended
 
Six-Month Period Ended
June 30,
June 30,
2025
2024
2025
2024
(In thousands)
Income
 
 
Interest income on money market investments
 
$
93
$
87
$
187
$
150
 
Dividend income from banking subsidiaries
72,438
81,232
189,895
162,149
 
Other income
7
100
36
201
 
Total income
72,538
81,419
190,118
162,500
Expense
 
Interest expense on long-term borrowings
175
3,336
1,156
6,686
 
Other non-interest expenses
463
463
941
902
 
Total expense
638
3,799
2,097
7,588
Income before income taxes and equity in undistributed
 
earnings of subsidiaries
71,900
77,620
188,021
154,912
Income tax expense
-
-
1
1
Equity in undistributed earnings of subsidiaries
 
(distributions in excess of earnings)
8,280
(1,782)
(30,781)
(5,615)
Net income
$
80,180
$
75,838
$
157,239
$
149,296
Other comprehensive income (loss), net of tax
41,205
10,560
125,266
(4,505)
Comprehensive income
$
121,385
$
86,398
$
282,505
$
144,791