Welcome to our dedicated page for FIRST BANCORP /PR/ SEC filings (Ticker: FBP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
First BanCorp. filings document the regulatory disclosures of a Puerto Rico bank holding company whose common stock is listed on the New York Stock Exchange under FBP. Its Form 8-K reports cover unaudited operating results, financial condition updates, earnings press releases, conference-call presentation exhibits, and material corporate events involving senior officer roles.
Proxy filings describe annual meeting procedures, stockholder voting matters, board governance, executive compensation, and other matters presented to holders of First BanCorp. common stock. The filings also identify the company’s status as the holding company for FirstBank Puerto Rico and provide formal records for financial reporting, governance, capital-market and disclosure obligations.
First BanCorp (FBP) EVP and CFO Orlando Berges Gonzalez reported routine tax-related share dispositions. On June 30, 2026, a total of 11,801 shares of First BanCorp common stock at $26.07 per share were withheld to cover taxes on vested restricted stock awards.
The footnotes state these shares were withheld in connection with restricted stock awards granted on March 21, 2024, March 19, 2025, and March 19, 2026. After these withholding transactions, Berges Gonzalez directly held 311,738 shares of First BanCorp common stock.
First BanCorp filed an amendment describing detailed arrangements for its outgoing and incoming chief financial officers. Retiring CFO Orlando Berges will serve as an independent consultant under a Professional Services Agreement from July 1, 2026 through December 31, 2026 at an hourly rate of $300, providing advisory support on financial, strategic, audit, and regulatory matters, subject to confidentiality, non-solicitation, and non-competition covenants.
Incoming CFO Said Ortiz entered into a one-year employment agreement effective July 1, 2026 with automatic annual renewal. He will receive an annual base salary of $475,000, an annual bonus opportunity tied to predetermined objectives, and standard executive benefits, plus defined severance protections if terminated without cause, including enhanced payments following a qualifying change of control.
First BanCorp (FBP) executive vice president Lilian Diaz-Bento sold 8,000 shares of First BanCorp Common Stock in an open-market transaction. The shares were sold at an average price of $24.3346 per share. After this sale, Diaz-Bento directly holds 56,375 First BanCorp shares.
First BanCorp. reported that stockholders approved the First BanCorp 2026 Omnibus Incentive Plan at the annual meeting held on May 6, 2026. The plan authorizes 5,000,000 shares of common stock for future equity awards, plus any shares forfeited under the prior 2016 omnibus plan, and will be administered by the Board’s Compensation Committee.
Stockholders also elected nine directors for one-year terms, approved on a non-binding basis 2025 executive compensation, and ratified the appointment of Crowe LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.
First BanCorp. reported stronger results for the quarter ended March 31, 2026. Net income rose to $88.8 million from $77.1 million a year earlier, and diluted EPS increased to $0.57 from $0.47. Net interest income improved to $221.0 million from $212.4 million as funding costs declined slightly.
Total assets were $19.1 billion, with loans held for investment of $13.1 billion and deposits of $16.6 billion. The allowance for credit losses on loans stood at $245.1 million, or 1.87% of loans, with quarterly net charge-offs of about $21.1 million, similar to the prior year. The bank continued returning capital via common dividends of $0.20 per share (about $31.5 million) and share repurchases of $54.6 million, reducing outstanding shares to roughly 154.7 million as of early May 2026.
Vanguard Portfolio Management reports beneficial ownership of 13,074,748 shares of First BanCorp/Puerto Rico common stock, representing 8.39% of the class as of 03/31/2026.
The filing shows Vanguard holds sole dispositive power over 13,074,748 shares and sole voting power for 70,528 shares. The disclosure notes holdings include shares held for Vanguard funds and managed accounts.
First BanCorp/Puerto Rico reports institutional ownership. Vanguard Capital Management beneficially owns 8,154,903 shares of Common Stock, representing 5.23% of the class as of 03/31/2026. Vanguard reports sole dispositive power over 8,154,903 shares and sole voting power for 1,179,122 shares. The position is shown on a Schedule 13G signed on 04/28/2026.
First BanCorp. reported strong results for the quarter ended March 31, 2026, with net income of $88.8 million and diluted EPS of $0.57, up from $77.1 million and $0.47 a year earlier. Earnings per share rose 21% year-over-year, supported by record adjusted pre-tax, pre-provision income of $131.4 million and a net interest margin of 4.75%. Return on average assets was 1.89% and return on average equity was 17.92%, while the efficiency ratio improved to 49.14%. Total loans were $13.1 billion, down modestly by $38.2 million, and core customer deposits grew by $158.5 million. Credit quality remained solid, with non-performing assets at $108.8 million, or 0.57% of total assets, and an allowance for credit losses on loans and leases of 1.87%. Capital remained robust, with a CET1 ratio of 16.93% and a tangible common equity ratio of 10.11%, even after $50.0 million of share repurchases and $31.5 million in common dividends, for a net payout ratio of 92%.
FIRST BANCORP /PR/ director Patricia Eaves reported compensation-related stock activity. She received a grant of 1,872 shares of First BanCorp common stock at $21.36 per share as a restricted stock award under the First BanCorp Omnibus Incentive Plan.
The award was issued on March 31, 2026 and is scheduled to vest solely based on time over one year on March 31, 2027. On the same date, 209 shares were withheld at $21.36 per share to cover taxes on restricted stock that vested. After these transactions, she directly holds 21,651 shares of First BanCorp common stock.
The Vanguard Group filed Amendment No. 9 to Schedule 13G/A reporting zero beneficial ownership of First BanCorp/Puerto Rico common stock. The filing lists 0 shares and 0% ownership in Item 4, and explains an internal realignment of Vanguard entities on January 12, 2026 that led subsidiaries to report separately.
The form is signed by Ashley Grim, Head of Global Fund Administration, with a signature date of 03/26/2026. The filing states Vanguard entities have the right to receive dividends or proceeds for managed accounts, and that no other person holds more than 5% of the class.