10-Q · May 8, 2026
First BanCorp reported Q1 2026 diluted EPS of $0.57, beating estimates of $0.52, while revenue totaled $220.96 million, missing the estimate of $258.80 million. The bank experienced an increase in net interest income to…
Earnings analysis · 10-Q
FBP earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
Q2 2026 diluted EPS of $0.62 increased 8.8% sequentially and 24.0% year over year, indicating continued earnings momentum. The supplied filing text does not disclose total revenue, margins, free cash flow or segment…
Read full summary
Q2 2026 diluted EPS of $0.62 increased 8.8% sequentially and 24.0% year over year, indicating continued earnings momentum. The supplied filing text does not disclose total revenue, margins, free cash flow or segment results, limiting assessment of operating trends. The company returned approximately $50.0 million through share repurchases during the quarter, leaving $88.3 million of authorization, while providing no quantitative forward guidance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.62
What stood out
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EPS grew sequentially and year over year
Diluted EPS was $0.62, up $0.05, or 8.8%, from $0.57 in Q1 2026 and up $0.12, or 24.0%, from $0.50 in Q2 2025.
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Meaningful share repurchases
First BanCorp. repurchased approximately $50.0 million of common stock during Q2 2026, including 1,993,705 shares under the announced repurchase program.
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Continued capital return capacity
The company had $88.3 million of remaining repurchase authorization as of June 30, 2026, from the $200 million program authorized on October 22, 2025.
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Controls remained effective
Management concluded that disclosure controls were effective as of June 30, 2026, and reported no changes that materially affected internal control over financial reporting during the quarter.
What to watch
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Capital allocation may pressure liquidity
The company repurchased approximately $50.0 million of common stock in Q2 2026, reducing remaining authorization to $88.3 million as of June 30, 2026; continued buybacks could constrain capital available for balance-sheet growth or other uses.
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Existing risk profile remains unchanged
The filing states there were no material changes from the risk factors disclosed in the 2025 Form 10-K, so previously identified banking, credit, liquidity and market risks remain applicable as of June 30, 2026.
Management's outlook
The filing does not provide quantitative revenue or EPS guidance; no forward outlook was identified in the supplied MD&A text.
Earlier filings 4
10-K · February 27, 2026
First BanCorp. (FBP) reports modest top-line growth and stronger profitability in 2025: full-year revenue totaled $1,256.0M (Q1–Q4 2025 sum), diluted EPS rose to $2.16 (sum of quarterly EPS) and free cash flow improved…
10-Q · August 7, 2025
First BanCorp reported a second quarter of 2025 with a total revenue of $309 million, reflecting a modest decrease from $304 million in Q2 2024. The company improved its diluted earnings per share (EPS) to $0.50, up…
10-Q · May 9, 2025
First BanCorp. reported quarter-over-quarter (YoY) improvements in core earnings: net interest income rose to $212,397,000 and net income increased to $77,059,000 (diluted EPS $0.47) for Q1 2025 vs $196,520,000 and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.