First BanCorp (FBP) earnings

FIRST BANCORP /PR/· Financials

Results to: Jun 2026
Latest analysed call: Sep 2026 (Q3 FY26)
Balance sheet to: Dec 2025

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First BanCorp earnings: last reported Thu, 22 Oct 2026, for the quarter ended Sep 2026.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	265 $ million	+7.3% YoY	Quarterly, as filed	Quarter to Jun 2026	Revenue from operations as filed.
Operating margin	Unavailable	—	Operating profit / revenue	Quarter to Jun 2026	Not in the filed figures for the quarter to jun 2026. No older figure is substituted.
Net profit	96.2 $ million	+19.9% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.

Source: Inve data from filed results (SEC filings) · to Jun 2026

Price

$27.42 +0.40% · +$0.11

Last close Oct 23, 2026 · US · USD · Source: Inve

Performance +33.6% 1Y

1Y: $20.52 on 22 Oct 2025 → $27.42. High $29.7 (14 Aug 2026), low $19.25 (29 Oct 2025).

Previous close: $27.31
52-week range: $19.25 – $29.7
One year: +37.24%

Overview

Symbol: FBP
Sector: Financials
Exchange: US
Currency: USD

Financials

What the filings say

Net profit, year on year: +20% (quarter to jun 2026 against jun 2025).

In $ million. Oldest period first.

Line item	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	235	529	248	247	249	511	259	265
Profit before tax	96	96	100	103	106	107	114	120
Tax rate	23.5%	21.2%	23.2%	22.1%	5.4%	18.9%	22.3%	20.0%
Net profit	74	76	77	80	101	87	89	96
EPS ($ per share)	0.45	—	0.47	0.50	0.63	—	0.57	0.63

Source: Inve data · income statement, quarterly · to Jun 2026

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity capital	22	22	22	22	22	22	22	22
Reserves	1,088	1,222	1,215	1,427	1,644	1,846	2,039	2,268
Total liabilities	10,199	10,383	16,518	18,684	17,309	17,412	17,624	17,166
Fixed assets	148	150	158	146	143	142	133	127
Total assets	12,244	12,611	18,793	20,785	18,634	18,910	19,293	19,133

Source: Inve data · balance sheet · to Dec 2025

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from operations	288	294	298	400	440	363	404	449
Cash from investing	-223	-343	-1,239	-1,263	-681	-78	136	-170
Cash from financing	-195	107	1,791	1,912	-1,822	-102	-44	-779
Capital expenditure	-21	-22	-16	-13	-20	-23	-10	-11
Free cash flow	268	272	282	386	420	340	394	438

Source: Inve data · cash flow · to Dec 2025

FBP revenue by segment

Commercial and Corporate grew from 11% to 19% of revenue over the last two years.

FBP revenue by business segment, share of consolidated revenue by quarter
Segment	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	YoY growth latest quarter
Consumer Retail Banking	72%	56%	68%	68%	68%	67%	67%	65%	+2.0%
Commercial and Corporate	11%	42%	18%	18%	18%	18%	18%	19%	+16.5%
United States Operations	9%	9%	9%	9%	9%	10%	9%	9%	+11.0%
Mortgage Banking	7%	13%	9%	9%	8%	9%	9%	8%	+2.7%
Virgin Islands Operations	3%	21%	7%	8%	8%	7%	7%	7%	+1.9%
Treasury and Investments	-1%	-41%	-11%	-11%	-12%	-10%	-10%	-9%	—

Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.

See how segments are shifting across companies → Segment Shift

FBP operating KPIs by quarter

FBP operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Sep 2026 Q3 FY26	Change vs prior quarter
Common equity tier 1 ratio (CET1)	16.9% Even after this action, the quarter, we ended the quarter with a 16.9% CET1 ratio. Source: earnings call transcript	17% Even after these actions, we ended the quarter with a very strong CET1 of 17%, which leaves ample room to continue investing strategically in our franchise technology enhance competitiveness and improve the customer experience, which is our primary objective. Source: earnings call transcript	16.9% Importantly, we continue to return substantial capital to shareholders through both repurchases and dividends while maintaining a CET1 ratio of 16.9%, providing significant flexibility to support opportunities and future capital deployment initiatives. Source: earnings call transcript	-0.1 pt
Net interest margin	4.75% Net interest margin expanded 7 basis points for the quarter to 4.75%, which is slightly higher than our original guidance of 2 to 3 basis points per quarter. Source: earnings call transcript	—	4.73% Net interest margin was 4.73%, declining 14 basis points from the second quarter. Source: earnings call transcript	—
Efficiency ratio	49.1% The efficiency ratio for the quarter was 49.1%, which is slightly below the 49.3% we had in the fourth quarter. Source: earnings call transcript	48.1% The efficiency ratio was 48.1%, slightly lower than the 49.1% on the previous quarter associated to the higher levels of income we saw this quarter. Source: earnings call transcript	50% Importantly, our efficiency ratio was 50%, remaining below our long-term operating target of 52%, demonstrating continued operating discipline while we invest in the franchise and technology initiatives. Source: earnings call transcript	+1.9 pt

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Insider filings

73 filings between Oct 30, 2025 and Sep 30, 2026.

Open market

decisions to buy or sell

Purchases

None

No insider bought shares.

Sales

$2.38M

6 sales by 4 insiders

Compensation

not trading decisions

18: Award — granted as compensation
9: Option exercise — converted options into shares
38: Tax withheld — shares kept back by the company to cover tax

Also filed: 1 gift, 1 code l.

Who traded

open market only

Insider	Bought	Sold	Last filing
HERENCIA ROBERTO R	—	$857.4K	Sep 2, 2026
McDonald Michael	—	$754.4K	Jan 28, 2026
RIVERA NAYDA	—	$577.8K	Aug 26, 2026
Diaz-Bento Lilian	—	$194.7K	Jun 5, 2026

Latest filings (50)

Date	Insider	What	Shares	Value
Sep 30, 2026	Heffern John A. Director	Tax withheld	71	$1.9K
Sep 30, 2026	Dedrick Tracey A Director	Award	1,518	$40.0K
Sep 30, 2026	ACOSTA REBOYRAS JUAN Director	Award	1,518	$40.0K
Sep 30, 2026	Heffern John A. Director	Award	1,518	$40.0K
Sep 30, 2026	Dedrick Tracey A Director	Tax withheld	19	$500
Sep 30, 2026	HERENCIA ROBERTO R Director	Award	3,796	$100.0K
Sep 30, 2026	Frye Daniel Edward Director	Award	1,518	$40.0K
Sep 30, 2026	ACOSTA REBOYRAS JUAN Director	Tax withheld	182	$4.8K
Sep 30, 2026	LUZ CRESPO Director	Tax withheld	182	$4.8K
Sep 30, 2026	LUZ CRESPO Director	Award	1,518	$40.0K
Sep 2, 2026	HERENCIA ROBERTO R Director	Sale	26,350	$750.5K
Aug 26, 2026	RIVERA NAYDA EVP, CCO and Chief of Staff	Sale	10,000	$281.9K
Aug 17, 2026	RIVERA NAYDA EVP, CCO and Chief of Staff	Sale	10,000	$295.9K
Jun 30, 2026	Berges Gonzalez Orlando EVP and CFO	Tax withheld	4,760	$124.1K
Jun 30, 2026	Berges Gonzalez Orlando EVP and CFO	Tax withheld	4,523	$117.9K
Jun 30, 2026	Berges Gonzalez Orlando EVP and CFO	Tax withheld	2,518	$65.6K
Jun 5, 2026	Diaz-Bento Lilian EVP	Sale	8,000	$194.7K
Mar 31, 2026	Eaves Patricia Director	Award	1,872	$40.0K
Mar 31, 2026	Eaves Patricia Director	Tax withheld	209	$4.5K
Mar 21, 2026	Pavia Juan Carlos EVP, Chief Operating Officer	Tax withheld	1,474	$30.3K
Mar 21, 2026	RIVERA NAYDA EVP, CCO and Chief of Staff	Tax withheld	2,661	$54.7K
Mar 21, 2026	Ortiz Said Chief Accounting Officer	Tax withheld	1,436	$29.5K
Mar 21, 2026	Alvarez-Cabrero Sara EVP, General Counsel	Tax withheld	1,694	$34.8K
Mar 21, 2026	Berges Gonzalez Orlando EVP and CFO	Tax withheld	2,479	$51.0K
Mar 21, 2026	Lopez-Lay Ginoris EVP	Tax withheld	796	$16.4K
Mar 21, 2026	ALEMAN AURELIO President and CEO	Tax withheld	12,693	$261.1K
Mar 21, 2026	Diaz-Bento Lilian EVP	Tax withheld	853	$17.5K
Mar 21, 2026	McDonald Michael EVP	Tax withheld	794	$16.3K
Mar 21, 2026	Lacasa Jose Maria EVP	Tax withheld	1,596	$32.8K
Mar 19, 2026	Diaz-Bento Lilian EVP	Award	9,689	$199.5K
Mar 19, 2026	Pavia Juan Carlos EVP, Chief Operating Officer	Award	11,583	$238.5K
Mar 19, 2026	Lopez-Lay Ginoris EVP	Award	9,228	$190.0K
Mar 19, 2026	RIVERA NAYDA EVP, CCO and Chief of Staff	Award	13,576	$279.5K
Mar 19, 2026	Berges Gonzalez Orlando EVP and CFO	Award	13,980	$287.8K
Mar 19, 2026	Ortiz Said Chief Accounting Officer	Award	9,471	$195.0K
Mar 19, 2026	ALEMAN AURELIO President and CEO	Award	58,318	$1.20M
Mar 19, 2026	McDonald Michael EVP	Award	7,613	$156.8K
Mar 19, 2026	Alvarez-Cabrero Sara EVP, General Counsel	Award	9,781	$201.4K
Mar 19, 2026	Lacasa Jose Maria EVP	Award	10,693	$220.2K
Mar 16, 2026	ALEMAN AURELIO President and CEO	Option exercise	86,511	—
Mar 16, 2026	RIVERA NAYDA EVP, CCO and Chief of Staff	Tax withheld	4,027	$82.8K
Mar 16, 2026	Pavia Juan Carlos EVP, Chief Operating Officer	Tax withheld	4,950	$101.8K
Mar 16, 2026	Pavia Juan Carlos EVP, Chief Operating Officer	Option exercise	16,515	—
Mar 16, 2026	Berges Gonzalez Orlando EVP and CFO	Tax withheld	3,734	$76.8K
Mar 16, 2026	RIVERA NAYDA EVP, CCO and Chief of Staff	Tax withheld	9,770	$201.0K
Mar 16, 2026	Berges Gonzalez Orlando EVP and CFO	Tax withheld	9,108	$187.4K
Mar 16, 2026	Berges Gonzalez Orlando EVP and CFO	Option exercise	28,595	—
Mar 16, 2026	McDonald Michael EVP	Tax withheld	1,230	$25.3K
Mar 16, 2026	McDonald Michael EVP	Tax withheld	2,736	$56.3K
Mar 16, 2026	McDonald Michael EVP	Option exercise	10,380	—

Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.

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