First Bancorp. beats Q3 earnings but misses on revenue

First BanCorp (FBP) reported Q3 2026 earnings with net interest income down $1.6M and margin contracting 14 bps. Non-interest income fell $3.1M, while expenses rose $2.9M due to a contingency reserve. Net charge-offs increased to 55 bps. Management expects benefits from higher rates, plans $50M in buybacks, and anticipates stable margins despite deposit competition and loan mix shifts.

First BanCorp. reported Q3 earnings, noting a $500,000 increase in net interest income, but a 14 basis point decline in net interest margin to 4.73%. Management expects core margin to remain stable in Q4, with higher funding costs and competitive deposit pricing as headwinds. The company returned $80M to shareholders, including $50M in share repurchases. Credit quality remained stable, with nonperforming assets at 0.59%.

First BanCorp (FBP) reported Q3 2026 earnings with net income of $96.1M, flat from the prior quarter. The company maintained a CET1 ratio of 16.9% and announced a 25% dividend increase and $350M stock buyback. Loan growth and asset quality remained stable, and the company expects to complete $50M in buybacks in Q4. Net interest margin declined to 4.73%, primarily due to higher funding costs.

First BanCorp (FBP) reported Q3 2026 earnings of $0.63 per share, beating estimates, but revenue of $260.12M missed expectations. The bank highlighted profitability and capital returns despite margin compression and rising costs. Shares rose 0.66% to $27.56, near their 52-week high. Net income was $96.1M, with a 1.98% return on assets. Loan growth was 3.3% annualized, and deposits increased by $120.4M. Management expects continued margin pressure but remains optimistic about full-year targets.

FIRST BANCORP /PR/ (FBP) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 FIRST BANCORP. ANNOUNCES EARNINGS FOR THE QUARTER ENDED SEPTEMBER 30, 2026 SAN JUAN, Puerto Rico – October 22, 2026 – First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), t

First BanCorp (FBP) approved a $350M stock buyback program and raised its quarterly dividend by 25% to $0.25 per share. The buyback, lasting until 2027, complements the $38.3M remaining from a prior program. The dividend is payable December 11, 2026. Management will execute repurchases based on market conditions and valuation.