FIRST BANCORP /PR/

FBP

NYSEMid CapFinancials

13F Pro Quality Score

57.9/100

Rank #1,060 of 2,962 stocksTOP 50%

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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

43.7/100

Profitability

95.6/100

Balance Sheet

52.7/100

Earnings Quality

51.2/100

Free Cash Flow

92.2/100

Institutional Flow

24.8/100

Revenue Scale

50.5/100

Dilution Risk

63.3/100

Price Chart

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What's Driving FBP's Business? Latest 10-Q Breakdown

27/27 datapoints verified

AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Net income rose 20% YoY to $96.2M ($0.62 diluted EPS) as net interest margin expanded 31bps to 4.87%, driven by redeploying cash flows into higher-yielding assets and lower deposit costs.

Biggest Revenue Drivers

Consumer (Retail) Banking$171.7M+2% YoY

Includes consumer lending, small business commercial lending, and branch/loan-center deposit-taking activities

Commercial and Corporate Banking$51.2M+16% YoY

Reflects lending to large, specialized and middle-market clients and the government sector

Biggest Revenue Drivers

Total revenue: $264.9M+7% YoY

Consumer (Retail) Banking$171.7M+2% YoY

Includes consumer lending, small business commercial lending, and branch/loan-center deposit-taking activities

Commercial and Corporate Banking$51.2M+16% YoY

Reflects lending to large, specialized and middle-market clients and the government sector

United States Operations$23.7M+11% YoY

Banking activities conducted in the U.S. mainland, mainly Florida, including C&I loan participation purchases

Mortgage Banking$21.7M+3% YoY

Origination, sale, and servicing of residential mortgage loans

Treasury and Investments-$23.0MLoss narrowed from -$27.1M YoY

Segment centrally manages funding via fund-transfer-pricing; mismatch between funds provided and used is absorbed here

Largest Expense Items

Employees' compensation and benefits$63.4M+6% YoY

Annual salary merit increases and filling of previously vacant positions

Occupancy and equipment$22.1M-1% YoY

Professional service fees$13.1M+13% YoY

Increase in legal fees and collections, appraisals and other credit-related fees

Credit and debit card processing expenses$8.5M+10% YoY

Higher transactional volumes, partially offset by card expense reimbursements

Margins: Net interest margin increased 31bps YoY to 4.87%, driven by deploying cash flows from lower-yielding investments into higher-yielding assets and lower interest-bearing liability costs, partially offset by downward repricing of variable-rate commercial loans. Efficiency ratio improved to 48.07% from 49.97%.

Watch Items from the Filing

A putative class action filed June 24, 2026 alleges FirstBank and First BanCorp knowingly facilitated Jeffrey Epstein's sex-trafficking venture through banking services; seeks unspecified damages, motion to dismiss pending.
Loan portfolio credit risk concentration remains approximately 77% in Puerto Rico, 19% in the U.S. (mainly Florida), and 4% in USVI/BVI.
Nonaccrual loans rose as a $14.8M Florida C&I relationship migrated to nonaccrual status in Q2 2026, driving an $11.6M increase in commercial/construction nonaccrual loans.
Estimated uninsured deposits (excluding fully collateralized government deposits) totaled $4.7 billion, or 29.15% of total deposits, as of June 30, 2026.
The Corporation repurchased $100.0M of common stock in H1 2026 under its $200M program, with $88.3M remaining authorization expected to be executed by year-end.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →