FBP at a glance
FIRST BANCORP /PR/ (FBP, SEC CIK 1057706) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on July 22, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), FIRST BANCORP /PR/ (FBP) reported revenue of $1.0 billion (up 6.7% from FY2024) and net income of $344.9 million. Diluted EPS was $2.15.
- In the last 90 days, FBP insiders reported 0 open-market purchases ($0) and 3 open-market sales ($1.3M) on Form 4, a net sale of $1.3M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.0B
- +6.7% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$1.3M
- Latest 8-K
- Jul 22, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: FDIC-insured commercial bank providing typical banking services under Puerto Rico banking laws
- New regulatory framework for leveraged lending adopted in December 2025 rescinding prior 2013 Guidance, shifting to principles-based management
- Strategic shift: adapting to increased FDIC deposit insurance assessments including a special assessment beginning June 2024 totaling $6.3 million accrued by year-end 2025
- Notable regulatory compliance updates: amendments to International Banking Center Act 52 effective May 2024, including increased license fees and minimum employment of 8 full-time staff
- Tax benefit recognition: $16.6 million valuation allowance reversal in 3Q 2025 due to Puerto Rico tax law changes allowing LLC disregarded entity election
Risk Factors
- Regulatory risk from Act 65-2025 enabling $16.6M deferred tax asset valuation allowance reversal
- Macroeconomic threat from commercial real estate downturn increasing credit loss provision by $27.9M
- Supply chain impact from $2.8M valuation adjustment on commercial OREO property in Virgin Islands region
- Competitive risk from mortgage banking revenue vulnerability, contributing to non-interest income increase of only $1.4M
- Financial risk from redemption of $61.7M trust-preferred securities affecting capital deployment flexibility
Management Discussion & Analysis
- No cash flow, buybacks, dividends, or capex data presented in excerpt
- Forward-looking statements caution on uncertainties affecting future results and financial condition
- Risk factors referenced but not detailed in provided MD&A section
AI summary of the FBP 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Net income $96.1M vs $80.2M YoY; net interest income $229.1M vs $215.9M
- GAAP net interest margin 4.87% vs 4.56% YoY; efficiency ratio 48.07% vs 49.97%
- Best lending growth: commercial and construction loans; quarterly production $1.7B, up $303.6M YoY
- Cash and liquid securities approximately $2.7B; Q2 capital deployment $81.0M, including $50.0M repurchases
- Outlook: healthy loan pipelines and full-year loan-growth targets; inflation 3.5% above the 2% target as economic growth moderates
Risk Factors
- No risk-factors section provided; supplied text covers share repurchases and exhibits
- Capital-allocation risk: approximately $50.0 million common-stock repurchases during second quarter 2026
- Liquidity risk: $88,300 thousand remaining under the $200 million repurchase authorization as of June 30, 2026
- Governance risk: repurchases may be modified, suspended, or terminated at the Corporation’s discretion
AI summary of the FBP 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Unaudited results cover quarter ended June 30, 2026
- Press release and investor presentation filed as Exhibits 99.1 and 99.2
Item EX-99.1: Item EX-99.1
- Q2 net income $96.1M, or $0.62 per diluted share, up from $80.2M and $0.50 year over year
- Net interest margin reached 4.87%, up from 4.56%, supporting record adjusted pre-tax, pre-provision income of $137.5M
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Retiring executive Orlando Berges retained as consultant through December 31, 2026 at $300 hourly
- Berges’ advisory scope covers financial, accounting, strategic, transactional, audit, regulatory, and examination matters
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Stockholders approved First BanCorp’s 2026 Omnibus Incentive Plan at the May 6, 2026 annual meeting
- 5,000,000 shares reserved for equity awards to officers, employees, and nonemployee directors
Item 5.07: Submission of Matters to a Vote of Security Holders
- All nine director nominees elected to one-year terms ending at the 2027 Annual Meeting
- Roberto R. Herencia faced highest opposition, with 36,134,938 votes against
AI summaries of FBP 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for FBP
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Heffern John A. | F | Sep 30, 2026 | 71 | $26.34 |
| LUZ CRESPO | F | Sep 30, 2026 | 182 | $26.34 |
| ACOSTA REBOYRAS JUAN | F | Sep 30, 2026 | 182 | $26.34 |
| ACOSTA REBOYRAS JUAN | A | Sep 30, 2026 | 1,518 | $26.34 |
| Dedrick Tracey A | F | Sep 30, 2026 | 19 | $26.34 |
| Dedrick Tracey A | A | Sep 30, 2026 | 1,518 | $26.34 |
| LUZ CRESPO | A | Sep 30, 2026 | 1,518 | $26.34 |
| Frye Daniel Edward | A | Sep 30, 2026 | 1,518 | $26.34 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $929.8M | $938.2M | $1.0B |
| Net Income | $302.9M | $298.7M | $344.9M |
| Net Margin | 32.6% | 31.8% | 34.5% |
| Balance Sheet | |||
| Total Assets | $18.9B | $19.3B | $19.1B |
| Equity | $1.5B | $1.7B | $2.0B |
| ROE | 20.2% | 17.9% | 17.5% |
| Per Share | |||
| EPS | - | $1.81 | $2.15 |
| Cash Flow | |||
| Operating CF | $363.0M | $404.1M | $448.6M |
| CapEx | $22.6M | $10.0M | $11.0M |
Source: XBRL data in FIRST BANCORP /PR/ (FBP)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
FBP filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 4 | Aug 28, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 4 | Jun 8, 2026 | - | - | |
| 8-K | May 12, 2026 | - | Analysis | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 28, 2026 | - | - | |
| SC 13G | Apr 28, 2026 | - | - | |
| 8-K | Apr 22, 2026 | - | Analysis | - |
| 4 | Apr 1, 2026 | - | - | - |
| 4 | Mar 23, 2026 | - | - | - |
| 4 | Mar 23, 2026 | - | - | - |
| 4 | Mar 23, 2026 | - | - | - |
| 4 | Mar 23, 2026 | - | - | - |
| 4 | Mar 23, 2026 | - | - | - |
| 4 | Mar 23, 2026 | - | - | - |
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FBP SEC filings: frequently asked questions
Are FBP insiders buying or selling?
In the last 90 days, FIRST BANCORP /PR/ (FBP) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $1.3 million by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
What was FBP's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), FIRST BANCORP /PR/ (FBP) reported revenue of $1.0 billion (up 6.7% from FY2024) and net income of $344.9 million. Diluted EPS was $2.15. The figures come from the XBRL data in the 10-K.
What are the main risks in FBP's latest 10-K?
In the 10-K filed February 27, 2026, FIRST BANCORP /PR/ (FBP) flagged: Regulatory risk from Act 65-2025 enabling $16.6M deferred tax asset valuation allowance reversal. Macroeconomic threat from commercial real estate downturn increasing credit loss provision by $27.9M. (AI summary of the Risk Factors section.)
What did FBP report in its latest 8-K?
FIRST BANCORP /PR/ (FBP) filed an 8-K on July 22, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Unaudited results cover quarter ended June 30, 2026.
What are the latest FBP SEC filings?
FIRST BANCORP /PR/ (FBP) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on July 22, 2026 and a Form 4 insider filing on October 2, 2026.
What is FBP's SEC CIK number?
FIRST BANCORP /PR/ (FBP)'s SEC Central Index Key (CIK) is 1057706. EDGAR lists every FBP filing under that number.
Ask anything about FBP
The research agent reads FBP's filings, financials, insider trades and 13F holders, then answers with sources.