SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share, which represents an increase of 14% or $0.02 per common share compared to its most recent dividend paid in December 2023. The dividend is payable on March 8, 2024 to shareholders of record at the close of business on February 23, 2024. “We are pleased to announce an i ...

Have you been paying attention to shares of First Bancorp (FBP) ? Shares have been on the move with the stock up 5.7% over the past month. The stock hit a new 52-week high of $17.45 in the previous session. First Bancorp has gained 5.7% since the start of the year compared to the 19.8% move for the Zacks Finance sector and the 10.6% return for the Zacks Banks - Southeast industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earn ...

We said for some time that credit metrics will gradually move closer to historical levels as the positive impact of excess liquidity related to the pandemic stimulus on the consumer decreases. We saw earlier a little bit of that in the fourth quarter actually also in the third quarter with the charge-off rate and loans in early delinquency for the consumer book registering a slight increase when compared to previous quarters. That said, our NPA and classified asset levels remain at multiyear lows and our re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ FORM10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30, 2023 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ COMMISSION FILE NUMBER001-14793 FIRST BANCORP. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHA ...

First BanCorp. (NYSE:FBP) Q3 2023 Earnings Conference Call October 20, 2023 11:00 AM ET Company Participants Ramon Rodriguez - IR Officer Aurelio Alemán-Bermudez - President and CEO Orlando Berges-González - EVP and CFO Conference Call Participants Alex Twerdahl - Piper Sandler Operator Hello, everyone, and welcome to the First BanCorp Third Quarter 2023 Financial Results. My name is Bruno and I'll be operating your call today. [Operator Instructions] I will now hand over to your host, Ramon Rodriguez, Inve ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ FORM10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2023 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ COMMISSION FILE NUMBER001-14793 FIRST BANCORP. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) ...

Well, on the back half that's what I was saying. There are positives and negatives in the sense that we see increases on the earnings side from, again as you mentioned on the investment portfolio repricing of some loans, repricing of cash and also the originations that are expected on the second half growth -- portfolio growth. We feel that that portfolio growth is the one that is going to push net interest income up margin. I am not so sure it's going to be up margin. It's going to be flat to slightly down ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ FORM10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2023 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ COMMISSION FILE NUMBER001-14793 FIRST BANCORP. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER ...

| 1 FINANCIAL RESULTS 1Q 2023 FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" concerning the Corporation's future economic, operational and financial performance. The words or phrases "expect," "anticipate," "intend," "should," "would," "will," "plans," "forecast," "believe" and similar expressions are meant to identify "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of ...

Company Participants Timur Braziler - Wells Fargo Kelly Motta - KBW I'll now like to hand over to your host, Ramon Rodriguez, the Corporate Strategy and Investor Relations Officer at First BanCorp to begin. So Ramon, please go ahead. Before we begin today's call, it is my responsibility to inform you that this call may involve certain forwardlooking statements, such as projections of revenue, earnings and capital structure, as well as statements on the plans and objectives of the company's business. The com ...