secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /PR/ (FBP)
CIK:        0001057706
Form:       8-K
Filed at:   2026-07-22T13:32:52+00:00
Accession:  0001057706-26-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First BanCorp Q2 2026 net income $96.1M ($0.62 EPS), up 20% YoY; record adjusted PTPP income $137.5M
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- Net income $96.1M ($0.62 diluted EPS) vs $80.2M ($0.50) in Q2 2025, up 20% YoY.
- Adjusted pre-tax pre-provision income record $137.5M; net interest margin expanded to 4.87% from 4.75% QoQ.
- Total loan originations $1.7B (+21% YoY); loans grew $168.8M to $13.3B.
- Credit quality: net charge-offs to avg loans 0.49% (down from 0.65% QoQ); NPLs $94.6M (+$6.8M).
- CET1 ratio 16.96%; returned 84% of earnings via dividends ($31M) and buybacks ($50M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057706/000105770626000020/0001057706-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057706/000105770626000020/fbpPRQ22026.htm
  HTML page:      https://secwatch.observer/filing/0001057706-26-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer