and self-service channels Deploying AI to enhance our capabilities
Testing or planning AIDetail: Names an areaOperationsNew this periodNew since the annual report
First Bancorp
FBP · PR · Mid-size bank ($1B to $50B)
Total assets of FDIC-insured bank subsidiaries: $19.1B at the end of 2025
Filings on the SEC website · This bank on Bankgraph
In short. In its 2025 annual report, First Bancorp does not mention AI.
In the 2025 annual reportThe yearly report a listed company files with the SEC, called a 10-K. It describes the business, its risks and its results.
Mentions AI
No
0 passages
Highest detail levelHow specific a passage is about AI at this bank. General: could be in any bank's report. Names an area: says where AI is used or how it is controlled. Concrete example: names a tool or vendor, gives a number, a date or a result.
None
What it says
Nothing
Kinds of AI named
None named
How AI is controlled
Not described
AI in its annual reports over time
- What this shows
- How many passages about AI each annual report contains, 2022 to 2025, by what they say.
- What it means
- 0 passages in 2022, 0 passages in 2025.
- How to read it
- Each bar is a report year, split by what the passages say. Hover or tap a bar for the count.
- Where it comes from
- Banks' annual reports (10-K) filed with the SEC, up to 6 Oct 2026. How we did this
Show as a table
| Report year | Using or planning AI | Explains how AI is controlled | Sees AI as a risk | Other mentions |
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Compared with banks of its size
- What this shows
- This bank's 2025 annual report next to all 221 banks of its size ($1B to $50B).
- What it means
- This bank does not give detail about AI.
- How to read it
- Yes or no for this bank; the share of banks of the same size for comparison.
- Where it comes from
- Banks' annual reports (10-K) filed with the SEC, up to 6 Oct 2026. How we did this
| In the 2025 report | This bank | Banks of its size |
|---|---|---|
| Using AI now | No | 26 of 221 (12%) |
| Explains how AI is controlled | No | 55 of 221 (25%) |
| Sees AI as a risk | No | 184 of 221 (83%) |
| Mentions generative AI | No | 112 of 221 (51%) |
| Mentions AI agents | No | 18 of 221 (8%) |
What changed from 2024
0 passages new in the 2025 report, 1 passage from the 2024 report no longer there. The most specific passage is less detailed than last year.
Every passage about AI
- What this shows
- All 2 passages about AI in this bank's annual reports, quarterly reports and earnings materials since 2023, newest first.
- What it means
- 0 passages say the bank is using AI now.
- How to read it
- Highlighted words are the terms that matched. Labels show what each passage says. Follow the link to read it in the filing.
- Where it comes from
- Banks' annual reports (10-K), quarterly reports (10-Q) and earnings materials (8-K) filed with the SEC. How we did this
Earnings release, Q1 2026 filed 22 Apr 2026
Annual report, report year 2024 filed 28 Feb 2025
lending practices, and the use of artificial intelligence in credit decisions.
Sees AI as a riskDetail: GeneralNew this year
1 passage in legal noticesThe forward-looking statements notice at the start or end of a filing. It often lists AI among many risks. It is never counted., not counted
Franchise Highlights and Operating Environment Adj. ROAA(1): 1.70% Adj. ROACE(1): 14.15% 1 CET1 Ratio:16.7% ACL Coverage: 1.89% 2 6% Growth in Tangible Book Value 3 PR Economic Activity Index (EAI)(2) 1Q20 2Q20 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 YoY Change PR Payroll Employment (Thousands) 2Q20 4Q21 4Q22 4Q23 4Q24 1Q25 2Q25 3Q25* Unemployment Rate (SA) PR Disaster Relief Funds Disbursed Per Year(3) (1) Non-GAAP financial measure. Please refer to the calculation and management’s reason for using this measure on slide 19 titled “Third Quarter 2025 - Use of Non-GAAP Financial Measures.” (2) Puerto Rico Economic Development Bank (EDB) and Bureau of Labor Statistics. Average data points (3) www.recovery.pr.gov and Recovery Support Function Leadership Group (RSFLG) - https://recovery.fema.gov/rsflg-monthly-data. *Average for July and August 2025. YTD as of August, of each year ($ millions) 3Q 2025 Franchise Highlights and Priorities Operating Environment Operating Environment Stable business activity and economic conditions despite fiscal and monetary policy uncertainty in the US Resilient labor market (5.5% unemployment rate as of August 2025) and strong tourism activity (SJU passenger traffic up 4.9% year-to-date vs. prior year) Tariffs impacting auto industry-wide sales (-7.0% reduction in retail auto sales year-to-date) Business Highlights Encouraging loan origination activity up 7% year-to-date when compared to prior year supported by well-balanced regional and business line diversification Successful execution of omnichannel strategy evidenced by an 8% annual rise in digital active users over the last 5 years coupled with a steady reduction in branch active customers Actively deploying AI and automation to streamline credit operations, accelerate underwriting, and elevate customer service while enhancing fraud detection/prevention capabilities and automating routine tasks to drive operational efficiency 2022 $162 $1,964 2023 $191 $1,901 2024 2025 $1,311 $2,127 $2,092 $1,877 2021 $547 $1,029(55%) $848(45%) FEMA (PA Only) HUD (CDBG) Strategic Priorities Selectively grow market share in core business segments while sustaining operational leverage and safeguarding asset quality Continue our franchise investments towards improving interaction with customers by providing a seamless experience through multiple channels Deploy excess capital in a manner that best suits the long-term interest of the franchise Fiona-Related
New this periodNew since the annual report