FBP Annual Shareholder's Meeting Presentation 2010

[NYSE: FBP] Shareholder’s Meeting April 27, 2010

Puerto Rico Yearly GNP % Growth 2001 – 2009 (1) (1) PR Planning Board (www.jp.gobierno.pr ). Years are from July 1 to June 30 of next year (fiscal year) r=revised, p=preliminar Economic Environment Continues to Be Challenging |

(1) GDB Puerto Rico ( www.bgfpr.com ) as of March 2010. Index and its indicators are subject to monthly revisions. IR= Initial Revision, RT= Revised to. Data used for GDB-EAI is adjusted for seasonality and variability. Economic Environment Continues to Be Challenging (cont.) | ,[object Object],[object Object],[object Object],[object Object],[object Object],(1)

| Florida Unemployment Rate (1) ,[object Object],[object Object],[object Object],[object Object],Economic Environment Continues to Be Challenging (cont.) Florida Single Family Median Home Price (2)

| US Virgin Island’s Unemployment Rate (1) ,[object Object],[object Object],[object Object],[object Object],[object Object],Economic Environment Continues to Be Challenging (cont.)

2009 Was First Negative Year for FBP in Half a Decade | ($ in millions) FBP Net Income

FBP Meets Regulatory Well-Capitalized Thresholds As of December 31 st 2009 ,[object Object],|

Reducing Non-Performing Assets is Our #1 Priority | ($ in millions) Total Non-Performing Assets Puerto Rico Non-Performing Assets

Reducing Non-Performing Assets is Our #1 Priority (cont.) Virgin Islands Non-Performing Assets Florida Non-Performing Assets | ($ in millions)

| Successful Core Deposits Growth Florida Region Data as of December 31, 2009. *DDA includes interest & non-interest bearing accounts. **Saving accounts include Money Market balances. ***Includes Broker CDs US booked used to fund Miami Corporate Banking Operations. †Other includes Public Funds, DDA (Escrow Accounts) and Unposted deposits. ($ in thousands) Florida Region Total Deposits (net of Brokered CDs)

($ in millions) Total Loan Portfolio - $13,949 million Limited Growth in Loan Portfolio Total Loan Portfolio ,[object Object],[object Object],[object Object],[object Object],* Loans to other Financial Institutions |

Outperformed the Industry and Increased or Sustained Share in Our Primary Market ,[object Object],Data as of December 31, 2009 Increasing FirstBank Puerto Rico’s market position by leveraging opportunities in selected segments and products |

Successful Core Deposits Growth Over Recent Years * Net of Brokered ** As of December 31, 2009 vs. December 31, 2008 ,[object Object],[object Object],[object Object],Total Deposits* | ($ in millions) Total Deposits (net of Brokered CDs) - $5,108 million

Focus on Asset Quality & Targeted Deleverage Core Deposit Growth Expense Reduction Interest Income (spread) + Focus Non-Interest Income Strengthen our Capital Structure Our Corporate Strategy Risk Based Pricing & Increased Spread and Fees Better capitalized, more diversified and efficient bank with i mproved profitability |

Capital Plan | ,[object Object],[object Object],[object Object]

($ in millions, except for per share results) * Level of pre-tax earnings adjusted to exclude the provision for loan & lease losses & certain other items Financial Results | Income Statement

[object Object],Provision to Net Charge-offs Allowance for Loans & Leases Losses ($ in millions) Provision and Reserve for Loan Losses |

Non-interest Income ($ in thousands)

Expenses (Controllable vs. Non-Controllable) | ($ in thousands)

FBP Annual Shareholder's Meeting Presentation 2010

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