The sustained margin expansion and improving asset quality suggest strong pricing power and credit discipline. Monitor loan growth in upcoming quarters to confirm sustainability of the current trend.
Price Chart
Executive Summary
First BanCorp reported Q1 2026 earnings of $0.57 per share, beating consensus by 11% and marking a 21% year-over-year increase in EPS. Net interest margin expanded 7 basis points to 4.75% due to improved asset deployment and lower funding costs, while non-performing assets fell to a record low 0.57% of total assets. The bank maintained strong capital returns with a 92% net payout ratio.
Key Financial Metrics
Key Facts
- Diluted EPS of $0.57 vs. consensus of $0.51, an 11% beat
- Net interest margin increased to 4.75% from 4.68% in Q4 2025
- Non-performing assets decreased to $108.8 million, or 0.57% of total assets
- Core deposits grew by $158.5 million, up 1.2% quarter-over-quarter
- Repurchased $50.0 million in common stock and declared $31.5 million in dividends
Financial Impact
EPS beat by $0.06 (11%) and net interest margin expansion of 7 basis points
Risk Factors
- Geopolitical uncertainty from Middle East conflict may impact future provisions
- Downward repricing of variable-rate commercial loans could pressure future NIM
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001057706-26-000010 |
| Exhibit: exhibit992.htm | 0001057706-26-000010 |
| Document: fbpPRQ12026.htm | 0001057706-26-000010 |
| Document: 0001057706-26-000010-index-headers.html | 0001057706-26-000010 |
| Document: 0001057706-26-000010-index.html | 0001057706-26-000010 |
| Document: 0001057706-26-000010.txt | 0001057706-26-000010 |
| 8-K Data (Synthetic) | 0001057706-26-000010 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $27.31 | awaiting T+60 | — | $27.38 (+0.26%) |
Sep 4, 2026 7w ago | Insider Cluster | $28.08 | awaiting T+60 | — | $27.38 (−2.49%) |
May 12, 2026 23w ago | 8-K | $23.36 $29.06 | ▲ +24.40% | ▲ +20.02% | $27.38 (+17.21%) |
Apr 22, 2026 26w ago | 8-K | $23.67 $27.44 | ▲ +15.93% | ▲ +11.15% | $27.38 (+15.67%) |
Mar 25, 2026 30w ago | DEFA14A | $21.18 $25.74 | ▲ +21.52% | ▲ +7.58% | $27.38 (+29.27%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers