17 slides from First Bancorp. New's earnings presentation, Jul 22, 2026
Slide 1: Financial Results Second Quarter 2026
FINANCIAL RESULTS Second Quarter 2026 July 22, 2026
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains “forward-looking statements” concerning the Corporation’s future economic, operational and financial performance. The words or phrases “expect,” “anticipate,” “intend,” “should,” “would,” “will,” “plans,” “forecast,” “believe” and similar express
Slide 3: Agenda
AGENDA Aurelio Alemán, 1 2Q 2026 – Quarter Highlights President and Chief Executive Officer Said Ortiz, 2 2Q 2026 – Results of Operations Executive Vice President and Chief Financial Officer 3 2Q 2026 – Questions and Answers 3
Slide 4: Second Quarter 2026 Performance Highlights
SECOND QUARTER 2026 – PERFORMANCE HIGHLIGHTS ▪ Net income of $96.1 million ($0.62 per diluted share), compared to $88.8 million ($0.57 per diluted share) in 1Q 2026 ▪ Net interest income increased to $229.1 million, and the margin grew by 12 basis points reaching 4.87% Profitability ▪ On a non-GAAP
Slide 5: Second Quarter 2026 Strong Operating Results
SECOND QUARTER 2026 – STRONG OPERATING RESULTS 2Q 2026 FRANCHISE HIGHLIGHTS AND PRIORITIES OPERATING ENVIRONMENT PR Economic Activity Index (EAI)(1)(2) ROAA: 2.02% NPA Ratio: 0.59% CET1 Ratio: 17.0% 1 2 3 YoY Change ROACE: 19.49% ACL Coverage: 1.85% Net Payout: 84% 127.6 127.6 127.9 128.3 127.9 127.
Slide 6: Results of Operations
RESULTS OF OPERATIONS
Slide 7: Second Quarter 2026 Discussion of Results
SECOND QUARTER 2026 – DISCUSSION OF RESULTS Income Statement and Selected Financial Data Non-GAAP Reconciliation – Selected Data(1) 2Q 2026 1Q 2026 Variance 2Q 2025 ($ in thousands, except per share data and financial ratios) 2Q26 Adjusted Tangible Common Equity Ratio Interest income $ 287,710 $ 279
Slide 8: Profitability Dynamics
SECOND QUARTER 2026 – PROFITABILITY DYNAMICS Net Interest Income ($MM) Evolution of Loan Yields and Cost of Funds(1) $222.8 $221.0 $229.1 $215.9 $217.9 7.64% 7.62% 7.55% 7.49% 7.51% 4.56% 4.57% 4.68% 4.75% 4.87% 6.18% 6.11% +6.09% +6.07% +6.12% 1.46% 1.51% 1.46% 1.42% 1.39% 2Q25 3Q25 4Q25 1Q26 2Q26
Slide 9: Profitability Dynamics
SECOND QUARTER 2026 – PROFITABILITY DYNAMICS Non-Interest Income ($MM) Non-Interest Expenses ($MM) $123.3 $124.9 $126.9 $127.1 $127.3 40 $37.7 $35.7 10 $0.2 $0.4 $34.4 $0.0 $1.9 $31.0 $30.8 8 30 $60.1 $59.8 $63.2 $65.3 $63.4 $20.3 $23.7 $22.1 6 $17.7 $17.7 20 4 10 $3.4 $3.3 $4.2 $4.0 $3.7 2 $63.2 $6
Slide 10: Asset Quality
SECOND QUARTER 2026 – ASSET QUALITY Non-Performing Assets ($MM) Non-Performing Assets ($MM) – Distribution by Segment Repossessed Assets and Other Non-Performing Loans NPAs/Assets Repossessed Assets and Other Residential Commercial Consumer Construction $128.0 $128.0 $119.4 $119.4 $114.1 $113.9 $114
Slide 11: ACL and Capital
SECOND QUARTER 2026 – ACL AND CAPITAL Evolution of ACL ($MM) and ACL on Loans to Total Loans (%) Capital Ratios (%) 17.9 17.9 18.0 18.2 18.2 $253.2 $251.0 $253.5 $249.7 $251.0 16.9 17.0 $4.6 $4.0 $4.5 16.6 16.7 16.8 $4.6 $6.0 11.4 11.5 11.6 11.7 11.7 9.6 9.7 10.1 10.1 10.1 $248.6 $247.0 $249.0 $245.
Slide 12: Appendix and Non-GAAP Financial Measures
2Q 2026 Financial Results Appendix and Non-GAAP Financial Measures
Slide 13: Balance Sheet Highlights
SECOND QUARTER 2026 – BALANCE SHEET HIGHLIGHTS Loan Portfolio - $MM Total Deposits (excluding Brokered CDs) - $MM Public Funds Distribution - $MM Public Corp/Agencies Municipalities $12,880 $13,061 $13,142 $13,104 $13,273 $16,027 $16,233 $16,077 $16,089 $16,275 $3,037 US Govt. $10 $13 $17 $13 $16 Lo
Slide 14: Use of Non-GAAP Financial Measures
SECOND QUARTER 2026 – USE OF NON-GAAP FINANCIAL MEASURES Basis of Presentation: Use of Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. Non-GAAP financial measures are used when management believes that the presentation of these non-GAAP financial measures enhances
Slide 15: Use of Non-GAAP Financial Measures
SECOND QUARTER 2026 – USE OF NON-GAAP FINANCIAL MEASURES Basis of Presentation: Use of Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. Non-GAAP financial measures are used when management believes that the presentation of these non-GAAP financial measures enhances
Slide 16: Use of Non-GAAP Financial Measures
SECOND QUARTER 2026 – USE OF NON-GAAP FINANCIAL MEASURES Basis of Presentation: Use of Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. Non-GAAP financial measures are used when management believes that the presentation of these non-GAAP financial measures enhances
Slide 17: Financial Results Second Quarter 2026
FINANCIAL RESULTS Second Quarter 2026 July 22, 2026