What were First BanCorp’s (NYSE:FBP) Q2 2026 earnings?

First BanCorp (NYSE:FBP) reported net income of $96.1 million, or $0.62 per diluted share. This compared with $88.8 million, or $0.57 per share, in Q1 2026 and $80.2 million, or $0.50 per share, one year earlier.

Why did First BanCorp’s (NYSE:FBP) net interest income increase?

First BanCorp (NYSE:FBP) said net interest income rose to $229.1 million because of an additional quarter day, refinancing-related income and the reinvestment of cash from lower-yielding securities into higher-yielding assets.

How did First BanCorp’s (NYSE:FBP) loan balances perform?

First BanCorp (NYSE:FBP) increased total loans by $168.8 million to $13.3 billion, led by commercial and industrial lending in Puerto Rico. Total loan originations rose by $469.5 million to $1.7 billion.

What happened to First BanCorp’s (NYSE:FBP) deposits?

First BanCorp (NYSE:FBP) increased core deposits by $18.3 million to $13.2 billion. Government deposits rose $167.7 million to $3.0 billion, while brokered certificates of deposit increased $87.7 million to $594.8 million.

How did First BanCorp’s (NYSE:FBP) credit quality change?

First BanCorp (NYSE:FBP) reported a lower annualized net charge-off ratio of 0.49%, compared with 0.65% last quarter. However, non-performing loans increased by $6.8 million to $94.6 million, partly because of a Florida commercial relationship moving to nonaccrual status.

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First BanCorp earns $96.1 million in Q2

Written by Isaac FrancisPublished Jul 22, 2026, 12:38 PM

First BanCorp reported second-quarter net income of $96.1 million, with diluted EPS rising to $0.62.
First BanCorp shares were up 0.7% at $27.64 following the earnings announcement.
Commercial lending in Puerto Rico supported loan growth, higher net interest income and an improved net interest margin.

First BanCorp (NYSE:FBP) reported second-quarter net income of $96.1 million, or $0.62 per share, as lending and interest income increased.

Profit rose from $88.8 million last quarter and $80.2 million one year earlier, while EPS increased from $0.57 and $0.50.

Net interest income rose to $229.1 million, while total loans increased $168.8 million and originations reached $1.7 billion.

Following the announcement, First BanCorp's share price was up 0.7% at $27.64.

Net interest margin increased to 4.87%, while adjusted pre-tax, pre-provision income reached a company-record $137.5 million.

Meanwhile, First BanCorp repurchased $50 million of shares, declared $31 million in dividends and maintained a 16.96% common-equity Tier 1 ratio.

First BanCorp earns $96.1 million in Q2

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