---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-000886"
form_type: "8-K"
ticker: "FBP"
cik: "0001057706"
company_name: "FIRST BANCORP /PR/"
filed_at: "2022-07-22T23:59:59+00:00"
generated_at: "2026-06-24T09:28:06.094251+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First BanCorp Q2 net income $74.7M, EPS $0.38; record PTPP $118.8M

## Summary
- Net income $74.7M ($0.38 diluted share), down from $82.6M ($0.41) in Q1 2022 but up from $70.6M ($0.33) in Q2 2021.
- Record pre-tax pre-provision income of $118.8M, up 6.2% from Q1 and 23% YoY.
- Net interest margin expanded to 4.00% vs 3.81% in Q1; net interest income $196.2M.
- Provision for credit losses was an expense of $10.0M vs a net benefit of $13.8M in prior quarter.
- Repurchased 7.07M shares for $100M under $350M buyback; non-performing assets fell to 0.76% of total assets.

## SEC filing metadata
- accession: 0001157523-22-000886
- form_type: 8-K
- ticker: FBP
- cik: 0001057706
- company_name: FIRST BANCORP /PR/
- filed_at: 2022-07-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1057706/000115752322000886/0001157523-22-000886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1057706/000115752322000886/a52788189.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-000886
- JSON: https://secwatch.observer/filing/0001157523-22-000886.json
- Plain text: https://secwatch.observer/filing/0001157523-22-000886.txt

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