First BanCorp Q1 FY26 net income rises 15.2% to $88.8 million; net interest margin widens 23 bps to 4.75%

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  • First BanCorp posted net income of $88.8 million, or $0.57 per diluted share, for quarter ended March 31, 2026, up 15.19% year over year.
  • Net interest income rose 4.05% to $221 million, lifting net interest margin by 0.23 percentage points to 4.75%.
  • Provision for credit losses fell 30.24% to $17.3 million, while net charge-offs edged down to $21.1 million, or 0.65% of average loans.
  • Total assets slipped to $19.1 billion, while total non-performing assets declined to $108.8 million from Dec. 31, 2025.
  • Capital returns totaled $81.5 million, including $50 million of common stock repurchases and $31.5 million of common stock dividends declared; board declared a $0.20 quarterly cash dividend payable June 12.


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