First Bancorp. New · NYSE:FBP
First Bancorp. New — Q1 2026 Earnings Presentation
17 slides from First Bancorp. New's earnings presentation, Apr 22, 2026
Slide 1: Financial Results First Quarter 2026
FINANCIAL RESULTS First Quarter 2026 April 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 1Q 2026 – Quarter Highlights President and Chief Executive Officer Orlando Berges, 2 1Q 2026 – Results of Operations Executive Vice President and Chief Financial Officer 3 1Q 2026 – Questions and Answers 3
Slide 4: Performance Highlights
FIRST QUARTER 2026 – PERFORMANCE HIGHLIGHTS ▪ Net income of $88.8 million ($0.57 per diluted share), compared to $87.1 million ($0.55 per diluted share) in 4Q 2025 ▪ Net interest income decreased to $221.0 million but the margin grew by 7 basis points reaching 4.75% Profitability ▪ On a non-GAAP bas
Slide 5: Strong Operating Results
FIRST QUARTER 2026 – STRONG OPERATING RESULTS 1Q 2026 FRANCHISE HIGHLIGHTS AND PRIORITIES OPERATING ENVIRONMENT PR Economic Activity Index (EAI)(1) ROAA: 1.89% NPA Ratio: 0.57% CET1 Ratio:16.9% 1 2 3 YoY Change ROACE: 17.92% ACL Coverage: 1.87% Net Payout: 92% 128.8 127.6 127.6 127.9 128.3 127.9 120
Slide 6: Results of Operations
RESULTS OF OPERATIONS
Slide 7: Discussion of Results
FIRST QUARTER 2026 – DISCUSSION OF RESULTS Income Statement and Selected Financial Data Non-GAAP Reconciliation – Selected Data(1) 1Q 2026 4Q 2025 Variance 1Q 2025 ($ in thousands, except per share data and financial ratios) 1Q26 Adjusted Tangible Common Equity Ratio Interest income $ 279,849 $ 285,
Slide 8: Profitability Dynamics
FIRST QUARTER 2026 – PROFITABILITY DYNAMICS Net Interest Income ($MM) Evolution of Loan Yields and Cost of Funds(1) $215.9 $217.9 $222.8 $221.0 $212.4 7.75% 7.64% 7.62% 7.55% 7.49% 4.52% 4.56% 4.57% 4.68% 4.75% 6.22% 6.18% 6.11% +6.09% +6.07% 1.53% 1.46% 1.51% 1.46% 1.42% 1Q25 2Q25 3Q25 4Q25 1Q26 1Q
Slide 9: Profitability Dynamics
FIRST QUARTER 2026 – PROFITABILITY DYNAMICS Non-Interest Income ($MM) Non-Interest Expenses ($MM) $123.0 $123.3 $124.9 $126.9 $127.1 40 $35.7 $37.7 10 $0.2 $34.4 $0.0 $1.9 $31.0 $30.8 8 30 $62.1 $60.1 $59.8 $63.2 $65.3 $22.9 $20.3 $23.7 6 $17.7 $17.7 20 4 10 $3.2 $3.4 $3.3 $4.2 $4.0 2 $61.4 $63.2 $6
Slide 10: Asset Quality
FIRST QUARTER 2026 – ASSET QUALITY Non-Performing Assets ($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 $129.4 $128.0 $129.4 $128.0 $119.4 $119.4 $114.
Slide 11: ACL and Capital
FIRST QUARTER 2026 – ACL AND CAPITAL Evolution of ACL ($MM) and ACL on Loans to Total Loans (%) Capital Ratios (%) 18.0 16.6 17.9 16.6 17.9 16.7 18.0 16.8 18.2 16.9 $251.7 $253.2 $251.0 $253.5 $249.7 16.8 16.9 $4.4 $4.6 $4.0 $4.5 16.6 16.6 16.7 $4.6 11.2 11.4 11.5 11.6 11.7 9.6 9.7 10.1 10.1 9.1 $24
Slide 12: Appendix and Non-GAAP Financial Measures
1Q 2026 Financial Results Appendix and Non-GAAP Financial Measures
Slide 13: Balance Sheet Highlights
FIRST QUARTER 2026 – BALANCE SHEET HIGHLIGHTS Loan Portfolio - $MM Total Deposits (excluding Brokered CDs) - $MM Public Funds Distribution - $MM Public Corp/Agencies Municipalities $12,690 $12,880 $13,061 $13,142 $13,104 $16,340 $16,233 $16,089 $2,869 $16,027 $16,077 US Govt. $15 $10 $13 $17 $13 Loa
Slide 14: Use of Non-GAAP Financial Measures
FIRST 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
FIRST 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
FIRST 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 First Quarter 2026
FINANCIAL RESULTS First Quarter 2026 April 22, 2026