Exhibit 99.1 FIRST BANCORP. ANNOUNCES EARNINGS FOR THE QUARTER ENDED MARCH 31, 2025 SAN JUAN, Puerto Rico – April 24, 2025 – First BanCorp. (the "Corporation" or "First BanCorp.") (NYSE: FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank" or "the Bank"), today reported a net income of $77.1 million, or$0.47 per diluted share, for the first quarter of 2025, compared to $75.7 million, or$0.46 per diluted share, for the fourth quarter of 2024, and $73.5 million, or$0.44 per diluted share, ...