NYSE:FBPBanks
Why First BanCorp (FBP) Is Up 7.0% After Record Q1 Earnings And Higher Dividend Announcement
In April 2026, First BanCorp. reported first-quarter results that exceeded market expectations, highlighted record pre-tax pre-provision income of US$131 million, a 21% increase in net income to US$89 million, stable credit metrics with reduced early-stage delinquencies, and declared a quarterly cash dividend of US$0.20 per share payable on June 12, 2026.
Alongside these results, the bank emphasized ongoing investments in AI and cloud migration, signaling a continued focus on efficiency and...