Highest-materiality recent filing
First BanCorp names Said Ortiz CFO; Berges to consult at $300/hr through Dec 2026
Berges retired as EVP/CFO; consulting with FirstBank Puerto Rico at $300/hr through Dec 31, 2026.
First BanCorp Q1 2026 net income $88.8M ($0.57 EPS), up 21% YoY; record PTPP $131M
Net income $88.8M vs $77.1M YoY; diluted EPS $0.57 vs $0.47; ROAA 1.89% (17th consecutive quarter >1.5%).
First BanCorp CFO Orlando Berges to retire June 30, 2026; Said Ortiz appointed successor
Orlando Berges retires as EVP & CFO after ~17 years; expects consulting agreement post-retirement.
First BanCorp reports record FY2025 net income $345M; Q4 EPS $0.55 vs $0.63 Q3
FY2025 net income $344.9M ($2.15 EPS), up from $298.7M ($1.81) in FY2024, a 19% EPS increase.
First BanCorp Q1 net income $77.1M ($0.47 EPS); NIM expands 19 bps to 4.52%
Net income $77.1M ($0.47 diluted EPS) vs $75.7M ($0.46) in Q4 2024; revenue from NII $212.4M.
First BanCorp reports Q1 2024 net income of $73.5M, EPS $0.44
Net income $73.5M ($0.44 diluted EPS) vs $79.5M ($0.46) in Q4 2023 and $70.7M ($0.39) in Q1 2023.
First BanCorp Q2 net income $70.7M flat QoQ; announces $225M share repurchase program
Net income $70.7M ($0.39 diluted EPS), consistent with Q1; ROAA 1.51% vs 1.55% prior quarter.
First BanCorp Q1 net income $70.7M ($0.39 EPS); net interest margin 4.34%; pauses share buybacks
Net income $70.7M ($0.39 diluted EPS) vs $73.2M ($0.40) in Q4 2022 and $82.6M ($0.41) in Q1 2022.
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.
First BanCorp Q2 net income $74.7M, EPS $0.38; record PTPP $118.8M
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.
First BanCorp Q1 2022 net income $82.6M ($0.41 EPS); new $350M buyback, 20% dividend increase
Net income $82.6M ($0.41 diluted EPS) vs Q4 2021 $73.6M ($0.35); pre-tax pre-provision income record $111.8M.
In connection with his retirement, on June 30, 2026, Mr. Berges and FirstBank Puerto Rico, a subsidiary of the Corporation entered into a Professional Services Agreement
In connection with Mr. Ortiz’s appointment as Executive Vice President and Chief Financial Officer, the Corporation entered into a one-year employment agreement (the “Agreement”) effective July 1, 2026 with Mr. Ortiz.
Mr. Juan Carlos Pavía, Executive Vice President and Chief Credit Officer, will succeed Mr. Kafka as COO, effective August 1, 2025.
Mr. Donald Kafka, Executive Vice President and Chief Operating Officer (“COO”), will retire from his position at the Corporation effective September 15, 2025.
Cassan Pancham, Executive Vice President and Business Group Executive, will retire from his position at the Corporation effective May 15, 2025.
Nayda Rivera, Executive Vice President and Chief Risk Officer, will be promoted to Chief Consumer Officer and Corporate Chief of Staff effective April 1, 2025.
Effective October 15, 2021, First BanCorp. (the “Corporation”) appointed Mr. Said Ortiz, the Corporation’s Controller and Senior Vice President, to serve as the Corporation’s Chief Accounting Officer.
On October 8, 2021, Mr. Calixto García-Vélez notified First BanCorp (the “Corporation”), the bank holding company of FirstBank Puerto Rico (the “Bank”), of his intention to resign as the Bank’s Executive Vice President and Florida Region Executive. The effective date of Mr. García-Vélez resignation was October 12, 2021.
Max materiality 0.85 · Median 0.50 · Most common event earnings