First BanCorp. Announces Earnings for the Quarter Ended September 30, 2026
Key Highlights
- ➤Q3 net income $96.1 million, or $0.63 per diluted share
- ➤Total loans increased $108.3 million to $13.4 billion
- ➤Core deposits increased $120.4 million to $13.4 billion
- ➤Board approved $350 million stock repurchase program
- ➤Common stock dividend increased 25%
Expert Statements
Aurelio Alemán, President and Chief Executive Officer of First BanCorp.
“We delivered another quarter of strong core performance, highlighted by a return on average assets of 1.98%, a return on average equity of 19.5%, stable credit metrics, and healthy balance sheet trends against the backdrop of an increasingly volatile rate environment.”
Aurelio Alemán, President and Chief Executive Officer of First BanCorp.
“These results demonstrate consistent execution against our strategic priorities, the resilience of our business model, and our commitment to soundness, profitability, and responsible growth.”
Aurelio Alemán, President and Chief Executive Officer of First BanCorp.
“Total loans grew 3.3% annualized on a linked-quarter basis, with growth across all our operating markets, particularly in the commercial segment, despite higher than prior quarter commercial repayments.”
Aurelio Alemán, President and Chief Executive Officer of First BanCorp.
“We continued advancing our multichannel strategy by combining our expanded Puerto Rico branch network with digital tools that provide clients a faster, more convenient, and seamless service experience.”
Aurelio Alemán, President and Chief Executive Officer of First BanCorp.
“We are very proud of this recognition, which reflects our associates' hard work and dedication to delivering the best digital banking experience for our clients.”
Aurelio Alemán, President and Chief Executive Officer of First BanCorp.
“Finally, we remain focused on allocating capital where it can generate the highest long-term returns for shareholders.”
Aurelio Alemán, President and Chief Executive Officer of First BanCorp.
“We remain committed to thoughtful excess capital deployment while preserving flexibility to support organic growth and other franchise-enhancing opportunities.”
First BanCorp. Announces Earnings for the Quarter Ended September 30, 2026
First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $96.1 million, or $0.63 per diluted share, for the third quarter of 2026, compared to $96.1 million, or $0.62 per diluted share, for the second quarter of 2026, and $100.5 million, or $0.63 per diluted share, for the third quarter of 2025. Aurelio Alemán, President and Chief Executive Officer of First BanCorp, (In thousands) Q3 '26 Q2 '26 Q3 '25 YTD '26 YTD '25 commented: “We delivered another quarter of strong core performance, highlighted by a return on average assets of 1.98%, a return on average equity of 19.5%, stable credit metrics, and healthy balance sheet trends against the backdrop of an increasingly volatile rate environment. These results demonstrate consistent execution against our strategic priorities, the resilience of our business model, and our commitment to soundness, profitability, and responsible growth.
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