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

First BanCorp. CFO Orlando Berges to retire June 30; Said Ortiz named successor

Neutral Impact 4 of 5 leadership Written later

First BanCorp. said CFO Orlando Berges will retire effective June 30, 2026, and its board appointed Said Ortiz, currently Senior Vice President and Chief Accounting Officer, as Executive Vice President and CFO effective July 1, 2026. The change in the company's top finance role matters to shareholders because it affects who leads financial reporting and capital planning, and the company says the two executives will work together over the coming months to ensure a seamless transition.

Key points

  • Orlando Berges, CFO since 2009, announced his retirement on February 4, 2026, effective June 30, 2026
  • Said Ortiz, age 40, has been Senior Vice President and Chief Accounting Officer since October 2021 and becomes CFO effective July 1, 2026
  • Berges is expected to enter a temporary consulting agreement; terms of that agreement and of Ortiz's compensation were not available in the filing

The filing

CompanyFirst BanCorp (Puerto Rico) (FBP)
Form8-K, current report
Filed with the SECFeb 9, 2026, 7:00 AM ET
Accession number0001140361-26-004288

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 February 09, 2026.

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.