第一万能金控 2025年季度报告

FIRST BANCORP. Indicate by check mark whether the registrant (1) has filedall reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2) has been subjectto such filing requirements for the past 90days.Yes☑No Indicate by check mark whether the registrant has submittedelectronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T(§ 232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was requiredto submit such files).Yes☑No Indicate by check mark whether the registrant is a large acceleratedfiler, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule 12b-2 ofthe Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not touse the extended transition period for complying with anynew or revisedfinancial accounting standards provided pursuant to Section 13(a)of the Exchange Act. Indicate the number of shares outstanding of each of theissuer’s classes of common stock, as of the latest practicable date. Common stock:160,469,644shares outstanding as of August 5, 2025. FIRST BANCORP.INDEX PAGE PARTI. FINANCIAL INFORMATION Item 1.Financial Statements:Consolidated Statements of FinancialCondition (Unaudited) as ofJune 30, 2025 andDecember31, 20245Consolidated Statementsof Income(Unaudited) –Quarters andSix-Month Periodsended June30, 2025 and 20246ConsolidatedStatementsofComprehensive Income(Unaudited)–QuartersandSix-MonthPeriods ended June 30, 2025 and 20247Consolidated Statementsof Cash Flows(Unaudited) –Six-Month Periodsended June 30,2025and 20248ConsolidatedStatements ofChangesin Stockholders’Equity (Unaudited)– Quartersand Six-Month Periods ended June 30, 2025 and 20249Notes to Consolidated Financial Statements (Unaudited)10Item 2.Management’s Discussion and Analysisof Financial Condition and Results of Operations74Item 3.Quantitative and Qualitative Disclosures About Market Risk120Item 4.Controls and Procedures120 PARTII. OTHER INFORMATIONItem 1.Legal Proceedings Item 1A.Risk FactorsItem 2.Item 5.Unregistered Sales of Equity Securities and Use of ProceedsOther InformationItem 6.Exhibits SIGNATURES Forward-Looking Statements This QuarterlyReport onForm 10-Q(this “Form10-Q”) containsforward-looking statementswithin themeaning ofSection 27Aof the Securities Act of 1933, asamended (the “Securities Act”), andSection 21E of the Securities ExchangeAct of 1934, as amended(the “Exchange Act”),which are subject tothe safe harbor createdby such sections. Whenused in this Form10-Q or future filingsbyFirstBanCorp.(the“Corporation,”“we,”“us,”or“our”)withtheU.S.SecuritiesandExchangeCommission(the“SEC”),intheCorporation’s pressreleases or in other public orstockholder communications made bythe Corporation, or in oral statementsmade onbehalfoftheCorporationby,orwiththeapprovalof,anauthorizedexecutiveofficeroftheCorporation,thewordsorphrases“would,”“intends,”“will,”“expect,”“should,”“plans,”“forecast,”“anticipate,”“lookforward,”“believes,”andothertermsofsimilar meaning or import, or thenegatives of these terms or variationsof them, in connection withany discussion of future operating,financial or other performance are meant to identify “forward-lookingstatements.” The Corporation cautions readersnot to place undue reliance onany such “forward-looking statements,” whichspeak only as of thedate madeor,with respectto suchforward-looking statementscontained inthis Form10-Q, thedate hereof,and advisesreaders thatany suchforward-looking statementsare notguarantees offuture performanceand involvecertain risks,uncertainties, estimates,andassumptionsby usthat aredifficultto predict.Variousfactors, someof whichare beyondourcontrol,could causeactual resultstodiffer materially from those expressed in, or impliedby, such forward-lookingstatements. Factorsthatcouldcauseresultstodiffermateriallyfromthoseexpressedin,orimpliedby,theCorporation’sforward-lookingstatements include, but are notlimited to, risks described orreferenced in Part I, Item 1A,“Risk Factors,” in the Corporation’sAnnualReport on Form 10-K for the fiscal year ended December 31, 2024 (the “2024 AnnualReport on Form 10-K”), and the following: ●the effectof changesin theinterest rateenvironmentand inflationlevels onthe level,compositionand performanceof theCorporation’sassets andliabilities, andcorrespondingeffects onthe Corporation’s net interestincome, netinterest margin,loan originations, deposit attrition, overall results of operations, and liquidityposition;●volatilityin thefinancial services industry,which couldresult in,among other things,bank deposit runoffs,liquidityconstraints, and incre