Every material Form 8-K First BanCorp (Puerto Rico) filed with the SEC in 2026, 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 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.
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
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%.
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%
At its May 6, 2026 annual meeting, First BanCorp stockholders approved a new 2026 Omnibus Incentive Plan with 5,000,000 shares available for awards, re-elected the director slate, and ratified Crowe LLP as auditor for 2026. Each director nominee was elected to a one-year term, and no new awards will be made under the prior 2016 plan.
Stockholders approved the 2026 Omnibus Incentive Plan, with 126,365,168 votes for and 9,200,055 against
Plan reserves 5,000,000 shares, plus forfeited shares from awards under the 2016 plan
Roberto R. Herencia received 99,373,785 votes for and 36,134,938 against, the lowest support among the nine nominees
Stockholders ratified Crowe LLP as independent registered public accounting firm for fiscal 2026
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.
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
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.
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
First BanCorp reported fourth-quarter 2025 net income of $87.1 million, or $0.55 per diluted share, up from $75.7 million a year earlier but down from $100.5 million in the third quarter. Full-year 2025 net income was $344.9 million, or $2.15 per diluted share, compared with $298.7 million, or $1.81, in 2024. The sequential decline reflects a one-time $16.6 million tax valuation allowance reversal recorded in the third quarter.
Q4 2025 net income $87.1 million, or $0.55 per diluted share, versus $75.7 million, or $0.46, in Q4 2024
Q3 2025 net income of $100.5 million included a one-time reversal of about $16.6 million in valuation allowance, worth $0.10 per diluted share
Net interest income rose to $222.8 million from $217.9 million in Q3 2025; net interest margin was 4.68%
Full-year 2025 net income was $344.9 million, or $2.15 per diluted share, versus $298.7 million, or $1.81, in 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 →