First BanCorp's Loans Rose 6% in Q2

First BanCorp (NYSE:FBP) reported second-quarter 2025 results on July 22, highlighting $80 million in net income, a return on assets of 1.69%, and a net interest margin of 4.56% (up 8 basis points quarter-over-quarter on a normalized GAAP basis). Management reiterated its guidance for mid-single-digit percentage loan growth for the year, and provided detail on capital deployment, asset quality, and funding strategy, setting the stage for continued shareholder returns and efficiency investments.Average commercial and construction loans increased $100 million quarter over quarter, with total loans up 6% annualized, while lending pipelines for the second half remain robust. This growth is supported by favorable economic conditions in Puerto Rico and Florida, with additional headroom as $1 billion in investment portfolio maturities will be available to fund new loans in the second half of 2025.This momentum in commercial lending, combined with available liquidity from maturing securities, positions the bank for further loan growth.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool