Full Transcript: First BanCorp Q2 2026 Earnings Call

First BanCorp (NYSE: FBP ) released second-quarter financial results and hosted an earnings call on Wednesday.

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For comprehensive financial data and transcripts, visit Access the full call at Summary First BanCorp reported strong financial performance for Q2 2026, with net income of $96 million, up 24% year-over-year, and pre-tax, pre-provision income reaching a record high of $138 million.

Loan growth accelerated, particularly in commercial activity in Puerto Rico, with total loan originations increasing by 21% year-over-year, and total deposits growing by $274 million.

The company maintained a robust capital position, completing $50 million in share buybacks and paying a $0.20 per share dividend, while ending the quarter with a CET1 ratio of 17%.

Strategic initiatives included investments in technology for customer experience enhancement, leveraging AI for process automation, and expanding presence in Florida.

Future outlook remains positive with sustained loan growth guidance of 3-5% for 2026, stable economic conditions supporting business activity, and continued focus on organic growth and potential strategic opportunities.

Full Transcript OPERATOR Good morning and welcome to the First BanCorp second quarter 2026 financial results conference call.

All participants are in a listen-only mode.

After the speaker's remarks, we will conduct a question-and-answer session.

To ask a question at this time, you will need to press star followed by the number one on your telephone keypad.

As a reminder, this conference call is being recorded.

I would now like to turn the call over to Ramon Rodriguez, First BanCorp's Corporate Strategy and Investor Relations Officer.

Thank you.

Please go ahead.

Ramon Rodriguez, Corporate Strategy and Investor Relations Officer Thank you, Julianne.

Good morning, everyone.

Thank you for joining First BanCorp's conference call and webcast to discuss the Company's financial results for the second quarter of 2026.

I'm here with Aurelio Aleman, President and Chief Executive Officer, and Sayed Ortiz, Chief Financial Officer.

Before we begin today's call, it is my responsibility to inform you that this call may involve certain forward-looking statements such as projections of revenue, earnings, and capital structure, as well as statements on the plans and objectives of the Company's business.

The Company's actual results could differ materially from the forward-looking statements made due to the important factors described in the Company's SEC filings.

The Company assumes no obligation to update any forward-looking statements made during the call.

If anyone does not already have a copy of the webcast presentation or press release, you can access them at our website at fbpinvestor.com.

At this time, I'd like to turn the call over to our CEO, Aurelio Aleman.

Aurelio Aleman, President and CEO Thank you, Ramon.

Good morning to everyone and thanks for joining our earnings call again.

We concluded the first half of the year with another quarter of strong core performance, delivering growth across the franchise and generating very attractive returns for our shareholders.

We earned 96 million in net income, or 62 cents per share.

That is up 24% when compared to the same quarter last year.

Underlying revenue trends, I have to say, remain very strong during the quarter, with pre-tax, pre-provision income reaching an all-time high of 138 million, which is actually up 11% from a year ago.

This translates into a 2% return on average assets, and this is our 18th consecutive ROA above 1.5%, continuing the strongest and most consistent period of financial performance in our history.

Moving to the balance sheet.

Very pleased with how loan growth accelerated during the quarter, driven primarily by commercial activity in Puerto Rico, reaching 13.3 billion in total loans; that is up 5% on a linked-quarter annualized basis.

Total loan originations for the quarter were very encouraging, reaching 1.7 billion during the quarter, reflecting a 21% year-over-year increase.

Given what we see in our pipelines, we do expect this level of activity to continue for the remainder of the year.