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FIRST BANCORP. (Holding Company Only) Financial Information (Tables) | 9 Months Ended
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Sep. 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 September 30, 2025 and December 31, 2024, and the results of its operations for the quarters and nine-month periods ended September 30, 2025 and 2024: Statements of Financial Condition As of September 30, As of December 31, 2025 2024 (In thousands) Assets Cash and due from banks (includes $ 29,442 due from FirstBank as of September 30, 2025 and $ 12,555 as of December 31, 2024) $ 30,189 $ 13,295 Equity securities 1,950 1,275 Investment in FirstBank, at equity 1,844,434 1,694,000 Investment in FirstBank Insurance Agency, at equity 30,032 24,121 Investment in FBP Statutory Trust I (1) - 1,289 Investment in FBP Statutory Trust II (1) - 561 Dividends receivable - 619 Other assets (2) 16,097 459 Total assets $ 1,922,702 $ 1,735,619 Liabilities and Stockholders’ Equity Liabilities: Long-term borrowings (1) $ - $ 61,700 Accounts payable and other liabilities 4,657 4,683 Total liabilities 4,657 66,383 Stockholders’ equity 1,918,045 1,669,236 Total liabilities and stockholders’ equity $ 1,922,702 $ 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.” (2) As of September 30, 2025, the balance primarily consists of deferred tax assets associated with NOL carryforwards, which the Corporation expects to realize under the new election established by Act 65-2025.
Statements of Income [Table Text Block] | Statements of Income Quarter Ended Nine-Month Period Ended September 30, September 30, 2025 2024 2025 2024 (In thousands) Income Interest income on interest-bearing cash balances due from FirstBank $ 914 $ 49 $ 1,101 $ 199 Dividend income from banking subsidiaries 79,279 78,704 269,174 240,853 Other income - 97 36 298 Total income 80,193 78,850 270,311 241,350 Expense Interest expense on long-term borrowings - 3,235 1,156 9,921 Other non-interest expenses 407 398 1,348 1,300 Total expense 407 3,633 2,504 11,221 Income before income taxes and equity in undistributed earnings of subsidiaries 79,786 75,217 267,807 230,129 Income tax (benefit) expense (1) (15,592) - (15,591) 1 Equity in undistributed earnings of subsidiaries (distributions in excess of earnings) 5,148 (1,490) (25,633) (7,105) Net income $ 100,526 $ 73,727 $ 257,765 $ 223,023 Other comprehensive income, net of tax 48,834 160,054 174,100 155,549 Comprehensive income $ 149,360 $ 233,781 $ 431,865 $ 378,572 (1) During the quarter and nine-month period ended September 30, 2025, includes a one-time reversal of approximately $ 15.8 million in valuation allowance related to deferred tax assets associated with NOL carryforwards.

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