Declared Dividend • Apr 26
First quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 28th May 2026 Payment date: 12th June 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 31% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$861k sold). Reported Earnings • Apr 23
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$0.57 (up from US$0.47 in 1Q 2025). Revenue: US$241.4m (up 8.1% from 1Q 2025). Net income: US$88.8m (up 15% from 1Q 2025). Profit margin: 37% (up from 35% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$861k sold). 공시 • Mar 26
First BanCorp., Annual General Meeting, May 06, 2026 First BanCorp., Annual General Meeting, May 06, 2026. 공시 • Mar 17
First BanCorp. to Report Q1, 2026 Results on Apr 22, 2026 First BanCorp. announced that they will report Q1, 2026 results Pre-Market on Apr 22, 2026 Reported Earnings • Mar 03
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: US$2.16 (up from US$1.82 in FY 2024). Revenue: US$914.9m (up 4.3% from FY 2024). Net income: US$344.9m (up 15% from FY 2024). Profit margin: 38% (up from 34% in FY 2024). The increase in margin was primarily driven by higher revenue. Net interest margin (NIM): 4.75% (up from 4.36% in FY 2024). Cost-to-income ratio: 49.8% (down from 51.9% in FY 2024). Non-performing loans: 0.70% (up from 0.69% in FY 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 19
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 13 March 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (2.4%). New Risk • Feb 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$754k sold). Recent Insider Transactions • Jan 30
Executive VP & Business Group Director recently sold US$754k worth of stock On the 28th of January, Thomas McDonald sold around 34k shares on-market at roughly US$22.11 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$5.1m more than they bought in the last 12 months. Declared Dividend • Jan 28
Fourth quarter dividend increased to US$0.20 Dividend of US$0.20 is 11% higher than last year. Ex-date: 26th February 2026 Payment date: 13th March 2026 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased by an average of 29% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 9.2% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 27
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: US$2.16 (up from US$1.82 in FY 2024). Revenue: US$914.9m (up 4.0% from FY 2024). Net income: US$344.9m (up 15% from FY 2024). Profit margin: 38% (up from 34% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jan 27
First BanCorp. Announces Net Charge Off for the Fourth Quarter Ended December 31, 2025 First BanCorp. announced net charge off for the fourth quarter ended December 31, 2025. Net charge-offs were $20.4 million for the fourth quarter of 2025, or an annualized 0.63% of average loans, compared to $19.9 million, or an annualized 0.62% of average loans, in the third quarter of 2025. The $0.5 million increase in net charge-offs was driven by a $0.3 million increase in consumer loans and finance leases net charge-offs, mainly in the unsecured loan portfolio, and a $0.3 million recovery associated with a construction loan in the Florida region during the third quarter of 2025. 공시 • Jan 26
First BanCorp. Increases Quarterly Cash Dividend on Common Stock, Payable on March 13, 2026 First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, which represents an increase of 11% or $0.02 per common share compared to its most recent dividend paid in December 2025. The dividend is payable on March 13, 2026 to shareholders of record at the close of business on February 26, 2026. 공시 • Dec 23
First BanCorp. to Report Q4, 2025 Results on Jan 27, 2026 First BanCorp. announced that they will report Q4, 2025 results Pre-Market on Jan 27, 2026 Upcoming Dividend • Nov 21
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 28 November 2025. Payment date: 12 December 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (2.5%). New Risk • Oct 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$2.2m sold). Declared Dividend • Oct 26
Third quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 28th November 2025 Payment date: 12th December 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: US$0.63 (up from US$0.45 in 3Q 2024). Revenue: US$231.1m (up 5.4% from 3Q 2024). Net income: US$100.5m (up 36% from 3Q 2024). Profit margin: 44% (up from 34% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 30%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. 공시 • Sep 24
First BanCorp. to Report Q3, 2025 Results on Oct 23, 2025 First BanCorp. announced that they will report Q3, 2025 results on Oct 23, 2025 Recent Insider Transactions • Aug 27
President recently sold US$1.1m worth of stock On the 22nd of August, Aurelio Aleman-Bermudez sold around 50k shares on-market at roughly US$22.30 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Aurelio has been a net seller over the last 12 months, reducing personal holdings by US$2.7m. Recent Insider Transactions Derivative • Aug 24
President notifies of intention to sell stock Aurelio Aleman-Bermudez intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of August. If the sale is conducted around the recent share price of US$22.00, it would amount to US$1.1m. For the year to December 2018, Aurelio's total compensation was 22% salary and 78% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Aurelio's direct individual holding has increased from 1.04m shares to 1.11m. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Aug 21
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.5%). Recent Insider Transactions • Aug 15
Executive Officer recently sold US$840k worth of stock On the 12th of August, Donald Kafka sold around 40k shares on-market at roughly US$20.99 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months. Declared Dividend • Jul 24
Second quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 22
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: US$0.50 (up from US$0.46 in 2Q 2024). Revenue: US$226.2m (up 2.8% from 2Q 2024). Net income: US$80.2m (up 5.7% from 2Q 2024). Profit margin: 35% (in line with 2Q 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 9.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. 공시 • Jul 22
First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on September 12, 2025 First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on September 12, 2025 to shareholders of record at the close of business on August 28, 2025. 공시 • Jun 19
First BanCorp. Announces Executive Changes First BanCorp. announced on June 16, 2025, the corporation announced a strategic reorganization aligned with the Corporation’s corporate succession plan (the strategic reorganization). As part of the Strategic Reorganization, the corporation announced that Mr. Donald Kafka, Executive Vice President and Chief Operating Officer (COO), will retire from his position at the Corporation effective September 15, 2025. In connection with Mr. Kafka’s retirement, the Corporation also announced that Mr. Juan Carlos Pavía, Executive Vice President and Chief Credit Officer, will succeed Mr. Kafka as COO, effective August 1, 2025. As COO, Mr. Pavía will oversee the areas of Banking Operations, Corporate Security, Information Technology, Real Estate, a new Business Transformation Unit, and will also continue to oversee the areas of Credit Risk and Credit Administration. Mr. Kafka will remain an officer of the Corporation and will continue to work closely with Mr. Pavía through September 15, 2025. Mr. Pavía, age 45, joined the Corporation in 2014 as Senior Vice President and Chief Credit Risk Officer. In May 2021, Mr. Pavía was promoted to Executive Vice President and Chief Credit Officer, a position he currently holds. Additionally, Mr. Pavía currently serves on the Board of Managers of the Corporation’s subsidiaries: FB Private Equity Fund LLC, and FB Opportunity Zone Fund LLC, a wholly owned subsidiary of FB Private Equity Fund LLC. Mr. Pavía has over fifteen years of experience within the banking industry, including roles within the credit risk, current expected credit losses, workout, operations and asset-based lending areas. Prior to joining the Corporation, Mr. Pavía held various leadership positions at other financial institutions in Puerto Rico and in the Government of Puerto Rico. Recent Insider Transactions • Jun 15
Independent Chairman recently sold US$301k worth of stock On the 11th of June, Roberto Herencia sold around 15k shares on-market at roughly US$20.42 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Roberto has been a net seller over the last 12 months, reducing personal holdings by US$2.5m. Recent Insider Transactions Derivative • Jun 12
Independent Chairman notifies of intention to sell stock Roberto Herencia intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of June. If the sale is conducted around the recent share price of US$20.49, it would amount to US$302k. Since September 2024, Roberto's direct individual holding has decreased from 751.95k shares to 651.95k. Company insiders have collectively sold US$15m more than they bought, via options and on-market transactions in the last 12 months. 공시 • Jun 10
First BanCorp. to Report Q2, 2025 Results on Jul 22, 2025 First BanCorp. announced that they will report Q2, 2025 results Pre-Market on Jul 22, 2025 Upcoming Dividend • May 22
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 13 June 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (2.8%). Declared Dividend • Apr 28
First quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 29th May 2025 Payment date: 13th June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 35% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.47 (up from US$0.44 in 1Q 2024). Revenue: US$223.3m (up 2.3% from 1Q 2024). Net income: US$77.1m (up 4.9% from 1Q 2024). Profit margin: 35% (in line with 1Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. 공시 • Apr 11
First BanCorp., Annual General Meeting, May 21, 2025 First BanCorp., Annual General Meeting, May 21, 2025. 공시 • Apr 04
First BanCorp. to Report Q1, 2025 Results on Apr 24, 2025 First BanCorp. announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025 Recent Insider Transactions Derivative • Mar 28
President exercised options and sold US$640k worth of stock On the 24th of March, Aurelio Aleman-Bermudez exercised options to acquire 34k shares at no cost and sold these for an average price of US$19.04 per share. This trade did not impact their existing holding. For the year to December 2018, Aurelio's total compensation was 25% salary and 75% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Aurelio's direct individual holding has decreased from 1.20m shares to 1.10m. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 06
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$1.82. Revenue: US$879.8m (up 1.9% from FY 2023). Net income: US$298.7m (down 1.4% from FY 2023). Profit margin: 34% (down from 35% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.36% (up from 4.33% in FY 2023). Cost-to-income ratio: 51.9% (up from 50.7% in FY 2023). Non-performing loans: 0.69% (no change from 0.69% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Upcoming Dividend • Feb 14
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 21 February 2025. Payment date: 07 March 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.5%). Recent Insider Transactions • Feb 09
Insider recently sold US$1.2m worth of stock On the 7th of February, Carlos Pietrantoni sold around 56k shares on-market at roughly US$20.77 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.8m. Insiders have been net sellers, collectively disposing of US$16m more than they bought in the last 12 months. Declared Dividend • Jan 24
Fourth quarter dividend increased to US$0.18 Dividend of US$0.18 is 13% higher than last year. Ex-date: 21st February 2025 Payment date: 7th March 2025 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased by an average of 32% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 23
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$1.82. Revenue: US$878.3m (up 1.7% from FY 2023). Net income: US$298.7m (down 1.4% from FY 2023). Profit margin: 34% (down from 35% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. 공시 • Jan 23
First BanCorp. Announces Net Charge Off for the Fourth Quarter Ended December 31, 2024 First BanCorp. announced net charge off for the fourth quarter ended December 31, 2024. For the period, Company reported Net charge-offs were $24.6 million or an annualized 0.78% of average loans, compared to $24.0 million, or an annualized 0.78% of average loans, in the third quarter of 2024. 공시 • Jan 22
First BanCorp. Announces Quarterly Cash Dividend, Payable on March 7, 2025 First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share, which represents an increase of 13% or $0.02 per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025. 공시 • Jan 09
First BanCorp. to Report Q4, 2024 Results on Jan 23, 2025 First BanCorp. announced that they will report Q4, 2024 results Pre-Market on Jan 23, 2025 Recent Insider Transactions • Nov 27
Executive VP & COO recently sold US$1.8m worth of stock On the 25th of November, Donald Kafka sold around 80k shares on-market at roughly US$21.89 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.2m. Donald has been a net seller over the last 12 months, reducing personal holdings by US$3.9m. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 29 November 2024. Payment date: 13 December 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.5%). Recent Insider Transactions • Nov 10
Independent Chairman recently sold US$2.2m worth of stock On the 6th of November, Roberto Herencia sold around 100k shares on-market at roughly US$22.18 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Roberto's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Nov 08
Independent Chairman notifies of intention to sell stock Roberto Herencia intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of November. If the sale is conducted around the recent share price of US$22.00, it would amount to US$2.2m. Since March 2024, Roberto's direct individual holding has increased from 747.22k shares to 751.95k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Nov 03
Third quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 32% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover. 공시 • Oct 31
First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on December 13, 2024 First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on December 13, 2024 to shareholders of record at the close of business on November 29, 2024. Reported Earnings • Oct 23
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: US$0.45 (down from US$0.47 in 3Q 2023). Revenue: US$219.3m (down 2.8% from 3Q 2023). Net income: US$73.7m (down 10% from 3Q 2023). Profit margin: 34% (down from 36% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 8.9%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. 공시 • Oct 23
First BanCorp. Announces Net Charge-Offs for the Third Quarter Ended September 30, 2024 First BanCorp. announced net charge-offs for the third quarter ended September 30, 2024. For the quarter, the company reported net charge-offs of $24,006,000 against $14,086,000 a year ago. 공시 • Oct 01
First BanCorp. to Report Q3, 2024 Results on Oct 23, 2024 First BanCorp. announced that they will report Q3, 2024 results Pre-Market on Oct 23, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (2.9%). Recent Insider Transactions Derivative • Aug 01
President notifies of intention to sell stock Aurelio Aleman-Bermudez intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of July. If the sale is conducted around the recent share price of US$21.50, it would amount to US$2.2m. For the year to December 2017, Aurelio's total compensation was 25% salary and 75% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Aurelio's direct individual holding has increased from 1.18m shares to 1.20m. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jul 26
Executive VP & COO recently sold US$1.1m worth of stock On the 24th of July, Donald Kafka sold around 50k shares on-market at roughly US$21.81 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.3m. Donald has been a net seller over the last 12 months, reducing personal holdings by US$2.1m. Price Target Changed • Jul 26
Price target increased by 11% to US$23.00 Up from US$20.67, the current price target is an average from 5 analysts. New target price is 5.4% above last closing price of US$21.83. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$1.73 for next year compared to US$1.72 last year. Declared Dividend • Jul 25
Second quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 29th August 2024 Payment date: 13th September 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 32% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 2.5% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 24
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: US$0.46 (up from US$0.40 in 2Q 2023). Revenue: US$220.1m (up 4.7% from 2Q 2023). Net income: US$75.8m (up 7.3% from 2Q 2023). Profit margin: 35% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jun 19
First BanCorp. to Report Q2, 2024 Results on Jul 23, 2024 First BanCorp. announced that they will report Q2, 2024 results Pre-Market on Jul 23, 2024 Upcoming Dividend • May 23
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.0%). Recent Insider Transactions • May 05
Executive VP & CFO recently sold US$1.3m worth of stock On the 1st of May, Orlando Berges-González sold around 75k shares on-market at roughly US$17.92 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Orlando's only on-market trade for the last 12 months. Declared Dividend • Apr 29
First quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 30th May 2024 Payment date: 14th June 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 40% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 2.8% over the next year, which should provide support to the dividend and adequate earnings cover. 공시 • Apr 27
First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on June 14, 2024 First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on June 14, 2024 to shareholders of record at the close of business on May 30, 2024. Reported Earnings • Apr 23
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: US$0.44 (up from US$0.39 in 1Q 2023). Revenue: US$218.3m (flat on 1Q 2023). Net income: US$73.5m (up 3.9% from 1Q 2023). Profit margin: 34% (up from 32% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. 공시 • Apr 23
First BanCorp. Announces Net Charge Offs for the Quarter Ended March 31, 2024 First BanCorp. announced net charge offs for the quarter ended March 31, 2024. Net charge-offs were $11.2 million for the first quarter of 2024, or an annualized 0.37% of average loans, compared to $20.8 million, or an annualized 0.69% of average loans, in the fourth quarter of 2023. 공시 • Apr 09
First BanCorp., Annual General Meeting, May 23, 2024 First BanCorp., Annual General Meeting, May 23, 2024, at 10:00 Atlantic Standard Time. Agenda: To consider the election of the nine directors named in the accompanying Proxy Statement; to consider and approve on a non-binding basis the 2023 compensation of First BanCorp’s named executive officers; to consider and to ratify the appointment of Crowe LLP as independent registered public accounting firm for our 2024 fiscal year; and to consider other matters. Recent Insider Transactions Derivative • Apr 04
President exercised options and sold US$617k worth of stock On the 31st of March, Aurelio Aleman-Bermudez exercised options to acquire 35k shares at no cost and sold these for an average price of US$17.54 per share. This trade did not impact their existing holding. For the year to December 2017, Aurelio's total compensation was 26% salary and 74% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Aurelio has owned 1.18m shares directly. Company insiders have collectively sold US$5.8m more than they bought, via options and on-market transactions in the last 12 months. 공시 • Apr 03
First BanCorp. to Report Q1, 2024 Results on Apr 23, 2024 First BanCorp. announced that they will report Q1, 2024 results Pre-Market on Apr 23, 2024 
