第一银行 2025年度报告

A.Full title of the Plan and address of the Plan, if different from that of the issuer named below: B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: FIRST BANCORP. 1519 Ponce de León Avenue, Stop 23San Juan, Puerto Rico 00908 The FirstBank 401(k) Retirement Plan for Residents of the U.S. Virgin Islands and the United States ofAmerica Report of Independent Registered Public Accounting Firm Financial Statements: Statements of Net Assets Available for Benefits as of December 31, 2025 and 2024 Statement of Changes in Net Assets Available for Benefits for the year ended December 31, REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Plan Participants and Plan Administrator of The FirstBank401(k) Retirement Plan for Residents of the U.S. Virgin Islands and the United States of AmericaSan Juan, Puerto Rico Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of The FirstBank 401(k) RetirementPlan for Residents of the U.S. Virgin Islands and the United States of America (the "Plan") as of December 31, 2025 and2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, andthe related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present Basis for Opinion These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion onthe Plan's financial statements based on our audits. We are a public accounting firm registered with the Public CompanyAccounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan inaccordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan andperformthe audit to obtain reasonable assurance about whether the financial statements are free of materialmisstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an auditof its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal Our audits included performing procedures to assess the risks of material misstatement of the financial statements,whetherdue to error or fraud,and performing procedures that respond to those risks.Such procedures includedexamining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits alsoincluded evaluating the accounting principles used and significant estimates made by management, as well as evaluating Supplemental Information The supplemental Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year) as of December 31, 2025 has beensubjected to audit procedures performed in conjunction with the audit of The FirstBank 401(k) Retirement Plan forResidents of the U.S. Virgin Islands and the United States of America financial statements.The supplemental schedule istheresponsibility of the Plan’s management.Ouraudit procedures included determining whether the informationpresented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other /s/ Crowe LLPLicense Number LLP-224Expires December 1, 2027 We have served as the Plan's auditor since 2018. Chicago, IllinoisJune 18, 2026 Stamp No. DLLP224-111 of the Puerto RicoSociety of Certified Public Accountantswas affixed to the record copy of this report. The FirstBank 401(k) Retirement Plan for Residents of the U.S. VirginIslands and the United States of AmericaNotes to the Financial Statements 1. Description of the Plan Reporting Entity The accompanying financial statements include the assets of The FirstBank 401(k) Retirement Plan for Residents of theU.S. Virgin Islands and the United States of America (the “Plan”) sponsored by FirstBank Puerto Rico (the “Bank”) for itsU.S. Virgin Islands and United States of America employees. The following description of the Plan provides only generalinformation. Participants should refer to the Plan agreement for a complete description of the Plan’s provisions. General The Plan is a defined contribution plan, which became effective on May 15, 1977.Effective September 1, 1991, the Planwas further amended to become a savings plan under the provisions of the U.S. Internal Revenue Code.The Plan issubject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). Eligibility Effective March 1, 2025, eligible employees of the Bank’s U.S. Virgin Islands and United States of America becameeligible to participate in the Plan’s matching, qualified matching, and qualified non-elective contribution components uponcompletion of three months of service. Prior to this d