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Firstbank Puerto Rico

San Juan, PR · Cert 30387 · First Bcorp

State charter, non-member · FDIC · 73 branches

Q2 2026

$19.2BAssets
$13.3BLoans
$16.6BDeposits
$1.9BEquity
Loan mix
57%RE $6.5B18%C&I $2.1B24%Consumer $2.8BQ3 2024Q2 2026
Deposit mix
67%Interest-bearing $11.2B33%Noninterest $5.5BQ3 2024Q2 2026

Market Position · San Juan-Bayamon-Caguas, PR · 2026 SOD (annual) · 15.0% share · #2 of 6 inst. · $11.2B of $74.7B

11.7% San Juan
0.8% Miami-Dade
35.6% Bayamon
32.5% Saint Thomas

Executive Summary

  • Earnings: ROA of 1.99%, up 31 bps year over year; NIM at 4.70%.
  • Asset quality: problem loans at 0.90% of loans (-11 bps YoY), with net charge-offs at 0.48%.
  • Capital: tier 1 leverage ratio of 11.54%, up 42 bps from a year ago.
  • Funding: loans stand at 79.85% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.99%+31 bps YoY

Net Interest Margin (quarter, annualized)

4.70%+27 bps YoY

Efficiency Ratio (quarter, annualized)

48.28%-138 bps YoY

Tier 1 Leverage Ratio

11.54%+42 bps YoY

NIM

5.57%Q2 ’245.71%Q2 ’255.92%Q2 ’26+7%+6%

Non-interest income vs. expense

2.50%Q2 ’242.53%Q2 ’252.62%Q2 ’26+6%-1%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.62%1.62%1.56%1.68%1.73%1.79%1.80%1.99%+31 bps
Return on Equity17.95%17.82%17.49%18.13%18.18%18.37%18.09%19.90%+178 bps
Net Interest Margin4.22%4.28%4.35%4.43%4.45%4.57%4.55%4.70%+27 bps
Efficiency Ratio51.59%50.99%49.82%49.65%49.97%49.41%49.90%48.28%-138 bps
Non-Interest Burden1.89%1.89%1.86%1.92%1.95%1.91%1.93%1.90%-1 bps
Growth
Asset Growth (YoY)1.43%2.03%1.16%0.10%2.37%-0.91%-0.17%1.74%+164 bps
Loan Growth (YoY)4.17%4.67%2.97%3.90%4.84%2.98%3.26%3.05%-85 bps
Deposit Growth (YoY)-0.82%1.83%1.71%0.15%3.18%-1.22%-1.45%1.69%+154 bps
Asset Quality
Nonperforming Loans / Loans1.07%1.02%1.07%1.01%0.96%0.95%0.89%0.90%-11 bps
Net Charge-Offs / Loans0.77%0.77%0.68%0.59%0.61%0.62%0.65%0.48%-11 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.36%11.20%11.00%11.13%11.20%11.30%11.37%11.54%+42 bps
Total Risk-Based Capital18.01%17.76%17.57%17.46%17.48%17.61%17.77%17.97%+51 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits77.16%76.56%76.37%78.79%78.40%79.81%80.02%79.85%+106 bps
Liquid Assets / Assets1.71%1.65%1.64%1.63%1.42%1.39%1.35%1.22%-41 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a