1057706--3/2/2009--FIRST_BANCORP

related topics

{capital, credit, financial}

{loan, real, estate}

{condition, economic, financial}

{tax, income, asset}

{regulation, change, law}

{debt, indebtedness, cash}

{loss, insurance, financial}

{competitive, industry, competition}

{product, liability, claim}

{stock, price, share}

Decreases in interest rates may reduce net interest income due to the current unprecedented re-pricing mismatch of assets and liabilities tied to short-term interest rates (Basis Risk) Downgrades to the Corporation s credit ratings could potentially increase the cost of borrowing funds Unforeseen disruptions in the brokered CDs market could compromise the Corporation s liquidity position Adverse credit market conditions may affect the Corporation s ability to meet liquidity needs The Corporation is subject to default risk on loans, which may adversely affect its results Changes in collateral valuation for properties located in stagnant or distressed economies may require increased reserves The Corporation s business concentration in Puerto Rico imposes risks First BanCorp s credit quality may be adversely affected by Puerto Rico s current economic condition Rating downgrades on the Government of Puerto Rico s debt obligations may affect the Corporation s credit exposure Difficult market conditions have affected the financial industry and may adversely affect the Corporation in the future A prolonged economic slowdown or the decline in the real estate market in the U.S. mainland could continue to harm the results of operations There can be no assurance that actions of the U.S. Government, Federal Reserve and other governmental and regulatory bodies for the purpose of stabilizing the financial markets will achieve the intended effect Unexpected losses in future reporting periods may require the Corporation to adjust the valuation allowance against our deferred tax assets If the Corporation s goodwill or amortizable intangible assets become impaired, it may adversely affect the operating results Inability to pay dividends on the common stock. Downgrades in the Corporation s and its subsidiaries regulatory ratings could limit the Corporation s ability to engage in certain activities Changes in regulations and legislation could have a financial impact on the Corporation The FDIC may increase deposit insurance premium. The failure of other financial institutions could adversely affect the Corporation Risks of not being able to recover all assets pledged to Lehman Brothers Special Financing, Inc. Changes in accounting standards issued by the Financial Accounting Standards Board or other standard-setting bodies may adversely affect the Corporation s financial statements

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1057706--3/2/2009--FIRST_BANCORP_/PR/