FIRST BANCORP /PR/ (FBP) Form 8-K — Jul 22, 2026
First BanCorp reported net income of $96.1 million, or $0.62 per diluted share, for the second quarter of 2026, compared to $80.2 million, or $0.50 per diluted share, in the prior year period. The company achieved a record adjusted pre-tax, pre-provision income of $137.5 million and maintained a strong return on average assets of 2.02%. Loan growth accelerated during the quarter with total originations reaching $1.7 billion, a 21% increase year over year, driven primarily by commercial activity in Puerto Rico. Net interest margin expanded by 12 basis points to 4.87%, while the efficiency ratio improved to 48.07%.
Key figures
- Eps
- 0.62
- Net Income
- 96154000
- Total Assets
- 19241235000
- Cet1 Ratio
- 16.96%
- Total Loans
- 13273000000
- Efficiency Ratio
- 48.07%
- Book Value Per Share
- 12.95
- Net Interest Income
- 229131000
- Net Interest Margin
- 4.87%
- Return On Average Assets
- 2.02%
- Return On Average Equity
- 19.49%
- Tangible Book Value Per Share
- 12.68
Price after filing
Close on the filing date to close N calendar days later (from $27.43). Historical, not a forecast.
AI analysis
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