FIRST BANCORP /PR/

First BanCorp announced its third quarter 2026 financial results, reporting net income of $96.1 million, or $0.63 per diluted share, which was flat compared to the previous quarter. The company saw loan growth of 3.3% annualized QoQ, reaching $13.4 billion, and an increase in core deposits. Key capital actions included the approval of a new $350 million stock repurchase program and a 25% increase in the common stock dividend. The net interest margin saw a slight decrease QoQ due to higher funding costs, while asset quality remained stable.

First BanCorp reported strong financial results for the second quarter of 2026, with net income rising to $96.1 million, or $0.62 per diluted share. This represents an 8.2% increase in net income and an 8.8% increase in EPS compared to the previous quarter. The growth was primarily driven by an increase in net interest income and robust loan growth, particularly in commercial activity in Puerto Rico. The company also maintained strong capital ratios and continued its capital management efforts through share repurchases and dividends.

First BanCorp announced the appointment of Said Ortiz as Executive Vice President and Chief Financial Officer, effective July 1, 2026, with an annual base salary of $475,000 and eligibility for bonuses and benefits. The company also entered into a Professional Services Agreement with Orlando Berges, who retired on June 30, 2026. Mr. Berges will provide consulting services as an independent contractor from July 1, 2026, through December 31, 2026, at an hourly rate of $300.

First BanCorp stockholders approved the adoption of the 2026 Omnibus Incentive Plan at their Annual Meeting on May 6, 2026, making 5,000,000 shares available for issuance. Additionally, all nine director nominees were elected for a one-year term. Stockholders also approved the 2025 executive compensation in a non-binding advisory vote and ratified Crowe LLP as the independent auditor for the fiscal year ending December 31, 2026.

First BanCorp announced its unaudited results of operations for the quarter ended March 31, 2026, via a press release issued on April 22, 2026. The company also provided a presentation for its conference call to discuss these financial results. The conference call was scheduled for April 22, 2026, at 10:00 a.m. Eastern time, accessible via webcast or dial-in.