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

First BanCorp Q3 net income $96.1 million, $0.63 a share; $350 million buyback

Mixed Impact 4 of 5 earnings

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.

Key points

  • 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

The filing

CompanyFirst BanCorp (Puerto Rico) (FBP)
Form8-K, current report
Filed with the SECOct 22, 2026, 9:30 AM ET
Accession number0001057706-26-000028

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.

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