First BanCorp. $(FBP)$, the bank holding company for FirstBank Puerto Rico, announced its financial results for the second quarter ending June 30, 2025. The corporation reported a net income of $80.2 million, or $0.50 per diluted share, marking an increase from the previous quarter's net income of $77.1 million, or $0.47 per diluted share. This also reflects growth compared to the second quarter of 2024, where net income was $75.8 million, or $0.46 per diluted share. The company's net interest income rose to $215.9 million from $212.4 million in the preceding quarter, with net interest margin increasing by 4 basis points to 4.56%, largely due to a decrease in the cost of funds. The provision for credit losses decreased to $20.6 million from $24.8 million, attributed mainly to lower net charge-offs in consumer loans and updates in the macroeconomic forecast, despite loan growth in the commercial and industrial loan portfolio. Non-interest income saw a decline, recording $30.9 million compared to $35.7 million in the first quarter, affected by a decrease in seasonal contingent insurance commissions. Non-interest expenses were slightly higher at $123.3 million compared to $123.0 million the previous quarter. Aurelio Alemán, President and CEO of First BanCorp, highlighted the company's strong return on average assets of 1.69%, driven by record net interest income and disciplined expense management. Core loan growth was reported at 6% on a linked quarter annualized basis, supported by strong commercial loan production in Puerto Rico and Florida. The company's capital deployment strategy included the repurchase of $28 million in common shares and the redemption of remaining junior subordinated debentures, sustaining a high common stock dividend payout ratio among local peers. The company emphasized its commitment to deploying excess capital in a manner that benefits long-term interests, focusing on business growth and returning over 107% of year-to-date earnings through capital deployment actions.