• First BanCorp filed an amended Form 8-K to add details on CFO Orlando Berges’ transition to a consulting role.
• Berges will consult from July 1 through Dec. 31, 2026 at an hourly fee of USD 300 under a professional services agreement.
• The amendment also disclosed terms for incoming CFO Said Ortiz, including a one-year employment agreement effective July 1, 2026.
• Ortiz will receive an annual base salary of USD 475,000, with bonus eligibility tied to predetermined business objectives.
• The agreement includes severance provisions, including change-in-control protection of two times base salary and two times average bonus.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First BanCorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-027163), on July 01, 2026, and is solely responsible for the information contained therein.