First BanCorp. reported $96.1 million in net income, or $0.63 per diluted share, for the third quarter of 2026. Net income was $96.1 million and diluted earnings were $0.62 per share in the second quarter, and $100.5 million and $0.63 per share in the third quarter of 2025. Nine-month net income was $281.0 million, compared with $257.8 million in 2025. The Board approved a new $350 million stock repurchase program and a 25% increase in the common stock dividend.
Third-quarter net interest income was $227.5 million and net interest margin was 4.73%, compared with $229.1 million and 4.87% in the second quarter. Total loans increased $108.3 million to $13.4 billion; core deposits increased $120.4 million to $13.4 billion, while fully collateralized government deposits decreased $76.7 million to $3.0 billion. Non-performing assets were $114.1 million, up $0.2 million from the second quarter, and annualized net charge-offs were 0.55% of average loans, versus 0.49%.
During the quarter, First BanCorp. repurchased $50.0 million in common stock and declared $30.4 million in common stock dividends. Its estimated CET1 capital ratio was 16.91% as of September 30, 2026, and available liquidity sources totaled approximately $6.2 billion.
FIRST BANCORP director John A. Heffern reported 1,518 restricted shares issued under the First BanCorp 2026 Omnibus Incentive Plan, scheduled to vest on September 30, 2027. He also reported 71 shares withheld for taxes on restricted stock that vested on September 30, 2026, under an award made September 30, 2025.
First BanCorp director Luz Crespo reported two restricted-stock transactions on September 30, 2026: 1,518 shares were issued under the First BanCorp 2026 Omnibus Incentive Plan, and 182 shares were withheld to cover taxes on restricted stock that vested that day. The issued shares vest solely on the basis of the passage of time over a one-year period, on September 30, 2027.
First BanCorp director Tracey A. Dedrick reported a 1,518-share restricted-stock award on September 30, 2026, and 19 shares withheld for taxes related to restricted stock that vested that day. The award shares vest solely with the passage of time over one year, on September 30, 2027. Dedrick also acquired 251 shares through a personal Dividend Reinvestment Plan on March 13, 2026; the plan is not linked to First BanCorp, and the shares were eligible for deferred reporting under Rule 16a-6.
First BanCorp director Roberto R. Herencia received a grant of 3,796 shares of restricted stock on September 30, 2026, under the First BanCorp 2026 Omnibus Incentive Plan. The shares vest solely with the passage of time over one year, on September 30, 2027. His reported direct holdings after the grant were 614,465 shares.
First BanCorp director Reboyras Juan Acosta received 1,518 shares of restricted stock under the First BanCorp 2026 Omnibus Incentive Plan on September 30, 2026. The shares vest solely through the passage of time over one year, on September 30, 2027. On September 30, 2026, 182 shares were withheld to cover taxes related to restricted stock that vested under an award made September 30, 2025.
First BanCorp director Daniel Edward Frye acquired 1,518 shares of restricted stock on September 30, 2026, under the 2026 Omnibus Incentive Plan. The shares vest solely through the passage of time over a one-year period, on September 30, 2027. His reported direct holdings after the award were 21,137 shares; the transaction lists a price of $26.34 per share.
FIRST BANCORP (FBP) director Roberto R. Herencia reported selling 26,350 shares of First BanCorp Common Stock on September 2, 2026 in an open-market transaction. The weighted average sale price was $28.481 per share, with individual trades between $28.47 and $28.50. Following this sale, he holds 610,669 shares directly. No Rule 10b5-1 trading plan is reported for this transaction.
FIRST BANCORP (FBP) director Roberto Herencia filed a notice of proposed sale of common stock under Rule 144. The notice covers 26,350 shares of First Bancorp common stock, with an indicated aggregate market value of $765,000, to be sold through Merrill Lynch on or after August 28, 2026 on the NYSE.
The shares relate to stock awards granted on September 30 of 2019, 2022, 2023 and 2024. First Bancorp had 152,668,268 shares outstanding of common stock referenced in the notice. The form reports no sales during the past three months that are required to be listed.
FIRST BANCORP (FBP) executive Nayda Rivera, EVP, CCO and Chief of Staff, reported selling 10,000 shares of First BanCorp common stock on August 26, 2026 in an open market or private transaction at a weighted average price of $28.1852 per share, with individual trade prices ranging from $28.14 to $28.2302. Following this sale, Rivera directly holds 230,398 shares of First BanCorp common stock. The filing does not indicate use of a Rule 10b5-1 trading plan.