---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001377"
form_type: "8-K"
ticker: "FBP"
cik: "0001057706"
company_name: "FIRST BANCORP /PR/"
filed_at: "2022-10-25T23:59:59+00:00"
generated_at: "2026-06-23T01:09:08.024030+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First BanCorp Q3 2022 net income flat at $74.6M; NIM expands to 4.31%; record pre-tax pre-provision income

## Summary
- Net income $74.6M ($0.40 EPS) vs $74.7M ($0.38) in Q2; pre-tax pre-provision income record $122.4M, up 3% QoQ.
- Net interest income rose to $207.9M; net interest margin 4.31% vs 4.00% in Q2.
- Provision for credit losses $15.8M vs $10.0M in Q2, reflecting portfolio growth and macro outlook deterioration.
- Core deposits decreased $530M to $13.6B; loans (excl. SBA PPP) grew $112.8M, driven by consumer and commercial.
- Stock repurchases: 5.4M shares for $75M in Q3; YTD total $225M of $350M program; capital ratios strong.

## SEC filing metadata
- accession: 0001157523-22-001377
- form_type: 8-K
- ticker: FBP
- cik: 0001057706
- company_name: FIRST BANCORP /PR/
- filed_at: 2022-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1057706/000115752322001377/0001157523-22-001377-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1057706/000115752322001377/a52951854.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001377
- JSON: https://secwatch.observer/filing/0001157523-22-001377.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001377.txt

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