Welcome to our dedicated page for First BanCorp. news (Ticker: FBP), a resource for investors and traders seeking the latest updates and insights on First BanCorp. stock.
First BanCorp. is a Puerto Rico financial holding company and the bank holding company for FirstBank Puerto Rico. News about FBP commonly centers on quarterly earnings, deposit and loan trends, provision for credit losses, regulatory capital levels, common stock dividends, share repurchases, and credit-rating actions tied to its banking franchise.
The company’s operating activities include consumer banking, mortgage banking, commercial and corporate banking, treasury and investments, United States operations, and Virgin Islands operations, with Puerto Rico representing its primary market. Corporate updates also include annual meeting matters and executive leadership disclosures.
First BanCorp. (NYSE: FBP) has announced that it will report its financial results for the third quarter ending September 30, 2021, on October 25, 2021, before the market opens. A conference call and live webcast will follow at 10:00 a.m. Eastern time on the same day. The call can be accessed via the company's investor relations website or through a designated dial-in number. A replay will be available for one year after the event. First BanCorp. is the parent of FirstBank Puerto Rico, with operations in Puerto Rico, the U.S., British Virgin Islands, and Florida.
First BanCorp. (NYSE: FBP) has declared monthly cash dividends on its Series A through E Noncumulative Perpetual Monthly Income Preferred Stock. The dividends include Series A at $0.14843750 with a 7.125% annual rate, Series B at $0.17395800 with an 8.35% rate, Series C at $0.15416670 with a 7.40% rate, Series D at $0.15104167 with a 7.25% rate, and Series E at $0.14583330 with a 7.00% rate. The record date for these dividends is on October 15, 2021, with payment set for November 1, 2021.
First BanCorp. (NYSE: FBP) announced the declaration of monthly cash dividends for Series A through E Noncumulative Perpetual Monthly Income Preferred Stock. The dividends are as follows: Series A at $0.14843750, Series B at $0.17395800, Series C at $0.15416670, Series D at $0.15104167, and Series E at $0.14583330. The record date for Series A is September 28, 2021, while Series B, C, D, and E have a record date of September 15, 2021. All payments are scheduled for September 30, 2021.
First BanCorp (NYSE: FBP) has declared monthly cash dividends for its Series A to E Noncumulative Perpetual Monthly Income Preferred Stock. The dividends are as follows:
- Series A: 7.125% annual rate; $0.1484 per share; 197,386 shares; record date August 27, 2021; payment date August 31, 2021.
- Series B: 8.35% annual rate; $0.1740 per share; 296,146 shares; record date August 15, 2021; payment date August 31, 2021.
- Series C: 7.40% annual rate; $0.1542 per share; 249,852 shares; record date August 15, 2021; payment date August 31, 2021.
- Series D: 7.25% annual rate; $0.1510 per share; 285,522 shares; record date August 15, 2021; payment date August 31, 2021.
- Series E: 7.00% annual rate; $0.1458 per share; 415,240 shares; record date August 15, 2021; payment date August 31, 2021.
First BanCorp. (NYSE: FBP) has declared a quarterly cash dividend of $0.07 per share on its common stock. The payment date is set for September 10, 2021, for shareholders of record as of August 26, 2021. First BanCorp. serves as the bank holding company for FirstBank Puerto Rico and operates in Puerto Rico, Florida, and the Virgin Islands. The press release also indicates that future dividend declarations will depend on the Corporation's financial performance and market conditions, highlighting potential risks associated with future payouts.
First BanCorp. (FBP) reported a net income of $70.6 million or $0.33 per diluted share in Q2 2021, reflecting a significant increase from $21.3 million or $0.09 per share a year ago. This quarter's results included a $26.2 million net benefit recorded due to improvements in macroeconomic forecasts. The bank repurchased 7.96 million shares during the quarter. Despite strong deposit growth, overall loan portfolio declined, attributed mainly to commercial payoffs. Adjusted net income was $78.2 million, indicating ongoing recovery.
First BanCorp (NYSE: FBP) announced it will release its second quarter financial results for the period ending June 30, 2021, on July 23, 2021, before market opening. A conference call and live webcast discussing these results will take place at 10:00 a.m. Eastern time on the same day. Interested parties can access the webcast via the investor relations section of First BanCorp’s website. Replays of the call will be available for a limited time.
First BanCorp operates FirstBank Puerto Rico and has various subsidiaries across multiple regions.
First BanCorp. (NYSE: FBP) announced the declaration of monthly cash dividends for its Series A through E Noncumulative Perpetual Monthly Income Preferred Stock. The annual dividend rates range from 7.00% to 8.35%, with monthly dividends per share between $0.14583330 and $0.17395800. The record date for these dividends is July 15, 2021, and payments will be made on August 2, 2021. The total number of outstanding shares varies by series, with the largest being 415,240 for Series E.
First BanCorp. (NYSE: FBP) has announced the declaration of monthly cash dividends on its Series A through E Noncumulative Perpetual Monthly Income Preferred Stock. The monthly dividends per share are as follows: Series A: $0.14843750, Series B: $0.17395800, Series C: $0.15416670, Series D: $0.15104167, and Series E: $0.14583330. The record date for these dividends is set for June 15, 2021, and payment is scheduled for June 30, 2021. This dividend declaration reflects the corporation's ongoing commitment to shareholder returns.
First BanCorp. (NYSE: FBP) announced dividend declarations for its Series A through E Preferred Stocks. The monthly dividends per share are: Series A at $0.1484 (7.125%), Series B at $0.1740 (8.35%), Series C at $0.1542 (7.40%), Series D at $0.1510 (7.25%), and Series E at $0.1458 (7.00%). Record dates range from May 15 to May 27, 2021, with payments scheduled for June 1, 2021. This decision reflects the Corporation's ongoing commitment to return value to shareholders through consistent dividend payments.