8-K current report · filed Apr 22, 2026

FIRST BANCORP /PR/ (FBP) 8-K Current Report: April 22, 2026

Item 2.02Item EX-99.1FBP overview

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FIRST BANCORP /PR/ (FBP) filed an 8-K current report with the SEC on April 22, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 results covered quarter ended March 31, 2026.

FIRST BANCORP /PR/ 8-K event analysis

AI summary of each reported item and its exhibits

Item 2.02 · Results of Operations and Financial Condition

  • Q1 2026 results covered quarter ended March 31, 2026
  • Unaudited financial results released April 22, 2026
  • Press release and investor presentation available as Exhibits 99.1 and 99.2
  • Conference call and webcast scheduled for April 22, 2026 at 10:00 a.m. Eastern time

Item EX-99.1 · Exhibit EX-99.1

  • Q1 2026 net income $88.8M, or $0.57 diluted EPS, up from $77.1M and $0.47 year-over-year
  • Pre-tax, pre-provision income reached a record $131.4M, up 5% year-over-year, signaling strong underlying operating momentum
  • Net interest margin expanded to 4.75% from 4.52%, despite lower variable-loan yields, supported by cheaper deposits and asset repositioning
  • Credit trends improved, with non-performing assets falling to $108.8M and early delinquencies declining 24% quarter-over-quarter
  • $50.0M in buybacks and $31.5M in dividends produced a 92% net payout ratio, while CET1 capital remained strong at 16.93%

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