Recent Updates — FBP

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.

First BanCorp reported net income of $96.1 million, or $0.62 per diluted share, for the second quarter of 2026, compared to $88.8 million ($0.57 per share) in Q1 2026 and $80.2 million ($0.50 per share) in Q2 2025. The company achieved a record adjusted pre-tax, pre-provision income of $137.5 million and a return on average assets of 2.02%. Total loans increased to $13.3 billion, with loan originations reaching $1.7 billion, a 21% year-over-year increase. The company repurchased $50.0 million in common stock and declared $31.0 million in dividends during the quarter. As of June 30, 2026, the CET1 ratio was 16.96%. The company operates in the financial services industry as a bank holding company for FirstBank Puerto Rico.

First BanCorp. amended its 8-K/A to detail the transition of Orlando Berges from CFO to a non-employee consultant, effective July 1, 2026, for a $300 hourly fee. Said Ortiz has been appointed as the new Executive Vice President and CFO, with a one-year renewable employment agreement effective July 1, 2026, featuring a $475,000 annual base salary and bonus eligibility. First BanCorp. is a financial services company providing banking services in Puerto Rico.