Oct 22, 9:30 AM ET
First BanCorp reported third-quarter 2026 net income of $96.1 million, or $0.63 per diluted share, roughly flat with the second quarter's $96.1 million and down from $100.5 million a year earlier. The board also approved a new $350 million stock repurchase program and a 25% increase in the common stock dividend.
- Q3 2026 net income $96.1 million, $0.63 per diluted share, vs. $0.62 in Q2 2026 and $0.63 in Q3 2025
- Net interest margin fell to 4.73% from 4.87% in Q2, mainly due to $3.4 million of one-time interest income recognized in Q2
- Non-performing assets rose $0.2 million to $114.1 million; net charge-offs were 0.55% of average loans, up from 0.49%
- Board approved a new $350 million stock repurchase program and a 25% dividend increase
Read the filing on SEC.gov ↗
Jul 22, 9:32 AM ET
First BanCorp. reported net income of $96.1 million, or $0.62 per diluted share, for the quarter ended June 30, 2026, up from $88.8 million, or $0.57 per share, in the first quarter and $80.2 million, or $0.50 per share, a year earlier. Non-performing assets rose $5.1 million to $113.9 million, driven by one $14.8 million commercial loan moving to nonaccrual status in Florida, while net charge-offs fell to 0.49% of average loans from 0.65%.
- Net income $96.1 million and diluted EPS $0.62 for Q2 2026, versus $88.8 million and $0.57 in Q1 2026 and $80.2 million and $0.50 in Q2 2025
- Net interest margin rose to 4.87% from 4.75% in Q1 2026, helped partly by $3.4 million of accelerated purchase discount and deferred fee income
- Non-performing assets increased to $113.9 million at June 30, 2026, including a $14.8 million C&I relationship in Florida placed on nonaccrual
- During the quarter the company repurchased $50.0 million of common stock and declared $31.0 million in common stock dividends, and reported a CET1 ratio of 16.96%
Read the filing on SEC.gov ↗
May 12, 3:44 PM ET
At its May 6, 2026 annual meeting, First BanCorp stockholders approved a new 2026 Omnibus Incentive Plan with 5,000,000 shares available for awards, re-elected the director slate, and ratified Crowe LLP as auditor for 2026. Each director nominee was elected to a one-year term, and no new awards will be made under the prior 2016 plan.
- Stockholders approved the 2026 Omnibus Incentive Plan, with 126,365,168 votes for and 9,200,055 against
- Plan reserves 5,000,000 shares, plus forfeited shares from awards under the 2016 plan
- Roberto R. Herencia received 99,373,785 votes for and 36,134,938 against, the lowest support among the nine nominees
- Stockholders ratified Crowe LLP as independent registered public accounting firm for fiscal 2026
Read the filing on SEC.gov ↗
Apr 22, 9:31 AM ET
First BanCorp. reported first-quarter 2026 net income of $88.8 million, or $0.57 per diluted share, up from $77.1 million, or $0.47 per share, a year earlier and from $87.1 million, or $0.55 per share, in the fourth quarter of 2025. Results were supported by a lower provision for credit losses and higher non-interest income, while net interest income edged down.
- Net income of $88.8 million, or $0.57 per diluted share, for the quarter ended March 31, 2026, versus $77.1 million, or $0.47 per share, in Q1 2025
- Net interest margin rose to 4.75% from 4.68% in the fourth quarter of 2025; net interest income fell to $221.0 million from $222.8 million
- Provision for credit losses fell to $17.3 million from $23.0 million; non-performing assets decreased $5.3 million to $108.8 million
Read the filing on SEC.gov ↗
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