FIRST BANCORP /PR/

(In thousands, except for share information)

ASSETS

$

657,149

$

1,158,215

Money market investments:

Time deposit with another financial institution

Other short-term investments

Total money market investments

1,450

1,200

Available-for-sale debt securities, at fair value (amortized cost of

$

4,901,982

5,125,408

as of December 31, 2024; ACL of $

Held-to-maturity debt securities, at amortized

cost, net of ACL of $

as of December 31, 2024 (fair value of

$

262,055

308,040

264,563

316,984

44,753

52,018

Total investment securities

4,863,348

4,934,304

Loans held for investment, net of ACL of

$

249,037

243,942

Mortgage loans held for sale, at lower of

cost or market

16,697

15,276

Total loans, net

12,893,016

Accrued interest receivable on loans and

71,351

71,881

Premises and equipment, net

126,920

133,437

Other real estate owned (“OREO”)

7,522

17,306

Deferred tax asset, net

149,012

136,356

38,611

38,611

3,458

6,967

321,055

276,754

$

$

LIABILITIES

Non-interest-bearing deposits

$

$

11,120,727

11,323,760

Total deposits

290,000

561,700

Accounts payable and other liabilities

205,884

190,687

17,166,027

17,623,685

Commitments and contingencies (See

Note 23)

(nil)

(nil)

STOCKHOLDERS’ EQUITY

Common stock, $

0.10

par value,

2,000,000,000

shares authorized;

223,663,116

shares issued;

156,618,996

shares outstanding as of December 31, 2025

and

shares outstanding as of December 31, 2024

22,366

22,366

Additional paid-in capital

963,543

964,964

Retained earnings, includes legal surplus

reserve of $

262,534

230,178

2,268,011

Treasury stock (at cost),

shares as of December 31, 2025 and

shares as of December 31, 2024

(932,505)

Accumulated other comprehensive loss,

net of tax of $

7,986

8,221

(354,550)

Total stockholders’ equity

$

$

The accompanying notes are an integral part

of these statements.