First BanCorp. reported strong profitability in Q4 with a net income of $87 million, a 49% efficiency ratio, and a 1.8% return on assets. They also highlighted record revenues and continued capital returns in their earnings call. Management expects net interest margin to rise in 2026 with lower deposit costs. The company repurchased $150 million of shares, raised the quarterly dividend by 11%, and reiterated 2026 targets. Loan yields were mixed, but the company expects net interest margin to increase in 2026. Credit quality remained stable, and the company continued to return capital to shareholders. Management’s guidance for 2026 remains largely unchanged.

Read more at Yahoo Finance: First BanCorp. Q4 Earnings Call Highlights