First BanCorp Q1 2026 net income $88.8M ($0.57 EPS), up 21% YoY; record PTPP $131M

FIRST BANCORP /PR/

2026-Q1 EPS reported $0.57 vs consensus $0.52 ▲ beat (+9.9%)

Net income $88.8M vs $77.1M YoY; diluted EPS $0.57 vs $0.47; ROAA 1.89% (17th consecutive quarter >1.5%).
Pre-tax pre-provision income hit all-time high $131.4M, up 2% QoQ and 5% YoY; net interest margin expanded to 4.75% from 4.52% a year ago.
Total loans $13.1B (down $38M QoQ); core deposits +$158.5M to $13.2B; NPAs fell $5.3M to $108.8M.
Capital strong: CET1 16.93%, total capital 18.19%; tangible book value $12.45 per share.
Returned $81.5M via buybacks ($50M) and dividends ($31.5M); net payout ratio 92%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST BANCORP /PR/ reported the quarter ended March 31, 2026 results: net income $88.8 million, EPS $0.57 per diluted share.

Period: the quarter ended March 31, 2026
Net income: $88.8 million
EPS: $0.57 per diluted share
Result: reported results

Exact text from the filing

First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $88.8 million, or $0.57 per diluted share, for the first quarter of 2026

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Source: SEC EDGAR

accession 0001057706-26-000010

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