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AI brief of an SEC Form 8-K · First BanCorp (Puerto Rico) (FBP)

First BanCorp. Q1 2026 net income rises to $88.8 million, $0.57 per diluted share

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyFirst BanCorp (Puerto Rico) (FBP)
Form8-K, current report
Filed with the SECApr 22, 2026, 9:31 AM ET
Accession number0001057706-26-000010

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.