Every material Form 8-K First BanCorp (Puerto Rico) filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
First BanCorp. reported third-quarter 2024 net income of $73.7 million, or $0.45 per diluted share, down from $75.8 million, or $0.46, in the second quarter and $82.0 million, or $0.46, a year earlier. Net interest income rose to $202.1 million, but a higher provision for credit losses of $15.2 million and non-interest expenses of $122.9 million reduced pre-tax income to $96.4 million, which matters to shareholders because it lowered reported profit per share compared with the prior quarter.
Net income of $73.7 million, or $0.45 per diluted share, versus $75.8 million, or $0.46, in Q2 2024 and $82.0 million, or $0.46, in Q3 2023
Net interest income of $202.1 million, up from $199.6 million; net interest margin rose to 4.25% from 4.22%
Provision for credit losses of $15.2 million, up from $11.6 million; non-interest expenses of $122.9 million, up from $118.7 million
Repurchased $50.0 million of junior subordinated debentures and paid $26.1 million in common stock dividends during the quarter
First BanCorp. reported net income of $75.8 million, or $0.46 per diluted share, for the quarter ended June 30, 2024, up from $73.5 million, or $0.44 per share, in the first quarter of 2024 and $70.7 million, or $0.39 per share, a year earlier. Net interest margin rose to 4.22% and non-performing assets fell $2.7 million to $126.9 million, while annualized net charge-offs rose to 0.69% of average loans from 0.37%. The company repurchased $50.0 million of common stock and paid $26.3 million in dividends during the quarter.
Net income of $75.8 million, or $0.46 per diluted share, versus $73.5 million, or $0.44, in Q1 2024 and $70.7 million, or $0.39, in Q2 2023
Net interest margin increased to 4.22% from 4.16%; net interest income was $199.6 million
Annualized net charge-offs rose to 0.69% of average loans from 0.37%; allowance coverage was 2.06% versus 2.14%
Repurchased $50.0 million of common stock and paid $26.3 million in common stock dividends in the quarter
First BanCorp. reported Q1 2024 net income of $73.5 million, or $0.44 per diluted share, down from $79.5 million, or $0.46, in Q4 2023 but up from $70.7 million, or $0.39, in Q1 2023. Q4 results included a $6.3 million FDIC special assessment, and the company's adjusted Q4 EPS was $0.49, so adjusted EPS fell sequentially. The filing contains no guidance.
Net income $73.5 million, or $0.44 per diluted share, vs. $79.5 million, or $0.46, in Q4 2023 and $70.7 million, or $0.39, in Q1 2023
Net interest income $196.5 million vs. $196.7 million in Q4 2023; net interest margin 4.16% vs. 4.14%
Provision for credit losses $12.2 million vs. $18.8 million, including a $9.5 million recovery tied to a bulk sale of charged-off consumer loans
Income tax expense $23.9 million vs. $5.4 million in Q4 2023; the company repurchased $50.0 million of common stock and paid $26.6 million in dividends in Q1 2024
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every First BanCorp (Puerto Rico) filing is on SEC EDGAR ↗. 8-K briefs of other companies →