First BanCorp Q2 2026 Net Income Rises 24% to $96 Million

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Summary · why it matters

First BanCorp reported second-quarter 2026 net income of $96 million, or $0.62 per share, a 24% increase year-over-year. Pre-tax pre-provision income reached an all-time high of $138 million, up 11% from a year ago, while return on average assets hit 2%, marking the 18th consecutive quarter above 1.5%. Total loans grew to $13.3 billion, a 5% increase on a linked-quarter annualized basis, driven by $1.7 billion in total loan originations, which rose 21% year-over-year. Total deposits increased by $274 million during the quarter, and net interest income rose 3.7% quarter-over-quarter to $229.1 million, with net interest margin expanding 12 basis points to 4.7%. The company completed $50 million in share buybacks and paid a $0.20 per share dividend, maintaining a CET1 ratio of 17%, while non-performing assets increased by $5.1 million and net charge-offs declined to $60 million, or 49 basis points of average loans.

Impact on assets 3

Financials▲ · 3 stocks
First Bancorp
FBNC
▲ PositiveCapitalrelevance

Net income rose 24% YoY, pre-tax pre-provision income hit all-time high, and return on assets reached 2%.

First BanCorp.
FBP
▲ PositiveCapitalrelevance

Net income rose 24% YoY, pre-tax pre-provision income hit all-time high, and return on assets reached 2%.

First Bancorp Inc
FNLC
▲ PositiveCapitalrelevance

Net income rose 24% YoY, pre-tax pre-provision income hit all-time high, and return on assets reached 2%.

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