secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /PR/ (FBP)
CIK:        0001057706
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001057706-26-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057706/000105770626000010/0001057706-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057706/000105770626000010/fbpPRQ12026.htm
  HTML page:      https://secwatch.observer/filing/0001057706-26-000010

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