Earnings ·
First BanCorp reports Q3 diluted EPS of $0.63, approves new $350M buyback program
FBPFirst Bancorp
First BanCorp reported net income of $96.1 million, or $0.63 per diluted share, for the third quarter ended September 30, 2026, matching the prior year's result and remaining flat compared to the second quarter. Net interest income decreased slightly to $227.5 million as a 14-basis-point contraction in net interest margin to 4.73% was partially offset by loan growth. The bank repurchased $50.0 million of common stock during the quarter and declared $30.4 million in dividends. Additionally, the Board approved a new $350 million stock repurchase program and increased the quarterly dividend by 25%. First BanCorp operates as the holding company for FirstBank Puerto Rico, providing banking services primarily in Puerto Rico, Florida, and the U.S. Virgin Islands.