---
schema_version: "secwatch.filing_event.v1"
accession: "0001057706-26-000010"
form_type: "8-K"
ticker: "FBP"
cik: "0001057706"
company_name: "FIRST BANCORP /PR/"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:47:43.036657+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001057706-26-000010
- form_type: 8-K
- ticker: FBP
- cik: 0001057706
- company_name: FIRST BANCORP /PR/
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1057706/000105770626000010/0001057706-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1057706/000105770626000010/fbpPRQ12026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001057706-26-000010
- JSON: https://secwatch.observer/filing/0001057706-26-000010.json
- Plain text: https://secwatch.observer/filing/0001057706-26-000010.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000105770626000010/0001057706-26-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.