FIRST BANCORP /PR/
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-K
Period ended 2024-12-31; filed 2025-02-28.
0001057706-25-000002
Item 1A. Risk FactorsCurrent report: 10-K
Period ended 2025-12-31; filed 2026-02-27.
0001057706-26-000007
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 5172 previous paragraphs and 4783 current paragraphs.
3694 unchanged; 30 reworded; 1055 added; 1446 removed; 2 previous and 4 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1055)
Showing the first 40 of 1055 passages. Open the source sections for the rest.
Removed paragraphs (1446)
Showing the first 40 of 1446 passages. Open the source sections for the rest.
Reworded paragraphs (30)
Previous wording
may face. See the discussion under “Forward-Looking Statements,” in
Current wording
uncertainties the Corporation may face. See the discussion under “Forward-Looking
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refinance their existing mortgage loans are reduced.
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$195.8 million of the exposure consisted of loans and obligations
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objective of these programs is to spur development
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business with certain partners, and our stock price.
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negative publicity campaigns) that could adversely affect our reputation,
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or negative publicity campaigns) that could adversely affect our
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reputation, results of operations and financial condition.
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Our business is affected by the value of the assets securing our loans or underlying
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Our business is affected by the value of the assets securing our loans or
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or 22% of the total loan portfolio held for investment, consisted
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or 21% of the total loan portfolio held for investment, consisted
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of commercial mortgage and construction loans, of which $2.0 billion
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of commercial mortgage and construction loans, of which $1.9 billion
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our clients’ operations as well as our operations.
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affect our clients’ operations as well as our business and operations.
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CDs outstanding, representing approximately 3% of
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CDs outstanding, representing approximately 4% of
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our total deposits. Approximately $226.1 million, or 47%
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our total deposits. Approximately $394.0 million, or 66%
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flow to make dividend payments to us may have a negative impact on our results of
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payments to us may have a negative impact on our results of operations and financial
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determined that the fair value of our reporting units exceeded their
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the fair value of our reporting units exceeded their carrying value; therefore,
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criteria prescribed by applicable generally accepted accounting principles in
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criteria prescribed by applicable generally accepted accounting principles
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customers, third-party vendors, regulators, and the public.
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harm our growth prospects, financial condition, business, and reputation.
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more difficult or expensive to implement than we anticipate.
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or impossible, to achieve, and we could be subject to fines and penalties in the event
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achieve, and we could be subject to fines and penalties in the event of non
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to bear an increased responsibility for funding the prescribed reserve to support
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billion, such as FirstBank, to bear an increased responsibility for funding
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certain financial products will be compromised and our financial condition
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financial products will be compromised and our financial condition
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use also affects interest rates charged on loans or paid
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Their use also affects interest rates charged on
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been adverse in the past and may be adverse in the future.
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and results of operations have been adverse in the past and may be adverse in
Rearranged current paragraphs (4)
Current report — wording carried from elsewhere
could have a negative impact on
Current report — wording carried from elsewhere
which could have a material adverse
Current report — wording carried from elsewhere
the prescribed reserve to support the DIF.
Current report — wording carried from elsewhere
business, financial condition, and results of operations.
Rearranged previous paragraphs (2)
Previous report — wording carried elsewhere
than $10 billion, such as FirstBank,
Previous report — wording carried elsewhere
will be materially and adversely affected.