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

First BanCorp. Q2 2026 net income rises to $96.1 million, or $0.62 per diluted share

Positive Impact 3 of 5 earnings Written later

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%.

Key points

  • 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%

The filing

CompanyFirst BanCorp (Puerto Rico) (FBP)
Form8-K, current report
Filed with the SECJul 22, 2026, 9:32 AM ET
Accession number0001057706-26-000020

Items reported: 2.01 Acquisition or Disposition Completed

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 July 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.