First Bancorp. New · NYSE:FBP
First Bancorp. New — First Bancorp — Q3 2026 Earnings Presentation
18 slides from First Bancorp. New's earnings presentation, Oct 22, 2026
Slide 1: Financial Results Third Quarter 2026 Earnings Presentation
FINANCIAL RESULTS Third Quarter 2026 Earnings Presentation | October 22, 2026
Slide 2: Forward looking statements
Forward looking statements This presentation may contain “forward -looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward -looking statements. These include statements concerning the Corporation’s future economic, oper
Slide 3: Agenda
Agenda 1 3Q 2026 Quarter Highlights Aurelio Alemán President and Chief Executive Officer Pages 4-5 2 3Q 2026 Results of Operations Said Ortiz Executive Vice President and Chief Financial Officer Pages 7-12 3 Questions and Answers Appendix: p. 14+ 3
Slide 4: Performance Highlights
3Q 2026 | PERFORMANCE HIGHLIGHTS Strong return on assets of 1.98%; healthy balance sheet trends Growth across the franchise, stable credit, and strong profitability NET INCOME $96.1M Flat QoQ ▼ -$4.4M YoY Strong core revenue and stable credit costs DILUTED EPS $0.63 ▲ +$0.01 QoQ ▲ +$0.12 YoY (adj.)
Slide 5: Franchise Highlights
3Q 2026 | FRANCHISE HIGHLIGHTS PR economy steady; significant excess capital to continue supporting strategic priorities PUERTO RICO ECONOMY +0.1% Economic Activity Index August YoY Growth (%) 6.1% August 2026 Unemployment Rate ASSET QUALITY 0.59% NPA ratio 1.81% ACL coverage CAPITAL AND RETURNS 19.
Slide 6: Outlook and Targets
3Q 2026 | OUTLOOK AND TARGETS Year-to-date key performance metrics on track Stated financial targets vs. year-to-date performance Priority Target YTD 3Q 2026 Status Comment Organic loan growth ~3% - 5% +1.8% (2.4% annualized) On track (Low-End) Pipelines and +8% YoY originations support end-of-year
Slide 7: Results of Operations
Results of Operations
Slide 8: Discussion of Results
3Q 2026 | DISCUSSION OF RESULTS Net income flat vs. 2Q26; lower provision expense and taxes offset higher expenses and lower income NET INCOME BRIDGE · 2Q26 → 3Q26 ($MM) $96.1 -$1.6 $2.7 -$3.1 -$2.9 $4.9 $96.1 2Q26 Net Income Net Interest Income Provision Non-Interest Income Non-Interest Expnese Ino
Slide 9: Net Interest Income and Margin
3Q 2026 | NET INTEREST INCOME AND MARGIN Strong net interest margin; higher rate environment impacting funding costs NET INTEREST INCOME AND MARGIN ($MM)(1) $217.9 $222.8 $221.0 $229.1 $225.7 $227.5 4.57% 4.68% 4.75% 4.87% 4.80% 4.73% 3Q25 4Q25 1Q26 2Q26 2Q26 (Adj.) 3Q26 Net interest income ($) Net
Slide 10: Non-Interest Income and Expenses
3Q 2026 | NON-INTEREST INCOME AND EXPENSES Other income up 6% YoY; expenses grew to $130 million; efficiency ratio below 52% target NON-INTEREST INCOME ($MM) $30.8 $34.4 $37.7 $35.7 $32.6 $17.7 $20.3 $23.7 $22.1 $19.1 $3.3 $4.2 $4.0 $3.7 $3.7 $9.8 $9.9 $9.9 $9.9 $9.8 3Q25 4Q25 1Q26 2Q26 3Q26 Other M
Slide 11: Asset Quality
3Q 2026 | ASSET QUALITY Stable credit performance; low NPA levels and stable ACL coverage NPA / TOTAL ASSETS Repossessed Assets and Other Non-Performing Loans NPAs/Assets $119.4 $114.1 $108.8 $113.9 $114.1 $23.2 $21.5 $21.1 $19.4 $17.9 0.62% 0.60% 0.57% 0.59% 0.59% $96.3 $92.6 $87.7 $94.6 $96.2 3Q25
Slide 12: Capital and Returns
3Q 2026 | CAPITAL AND RETURNS Strong capital levels and consistent shareholders’ distributions CAPITAL RATIOS (%) 17.9 16.7 11.5 9.7 18 16.8 11.6 10.1 18.2 16.9 11.7 10.1 18.2 17 11.7 10.1 18.2 16.9 11.7 9.6 3Q25 4Q25 1Q26 2Q26 3Q26 Total Risk-Based Capital Tier-1 Common Leverage Tangible Common CAP
Slide 13: Financial Results Appendix and Non-GAAP Financial Measures
3Q 2026 Financial Results Appendix and Non-GAAP Financial Measures
Slide 14: Balance Sheet Highlights
3Q 2026 | BALANCE SHEET HIGHLIGHTS LOAN PORTFOLIO - $MM Loans HFS $13,061 $13,142 $13,104 $13,273 $13,381 Commercial $13 $17 $13 $16 $17 Cosumer $6,163 $6,243 $6,322 $6,464 $6,564 Construction $3,736 $3,709 $3,659 $3,661 $3,638 residential $260 $266 $195 $205 $218 residnetial $2,889 $2,908 $2,915 $2
Slide 15: Non-GAAP Reconciliation: TCE and Tangible Book Value per Share
3Q 2026 | APPENDIX: NON-GAAP RECONCILIATION Tangible common equity (“TCE”) and tangible book value per share (“TBVPS”) In thousands, except ratios and per share information 3Q26 2Q26 1Q26 4Q25 3Q25 Total common equity (GAAP) $1,875,484 $1,976,833 $1,967,239 $1,966,865 $1,918,045 Goodwill (38,611) (3
Slide 16: Non-GAAP Reconciliation: Adjusted Pre-Tax, Pre-Provision Income
3Q 2026 | APPENDIX: NON-GAAP RECONCILIATION Adjusted pre-tax, pre-provision income $ in thousands 3Q26 2Q26 1Q26 4Q25 3Q25 Income before income taxes $115,262 $120,206 $114,263 $107,327 $106,223 Add: Provision for credit losses 14,633 17,333 17,273 22,971 17,593 Less: FDIC special assessment reversa
Slide 17: Non-GAAP Reconciliation: Adjusted TCE Ratio, TBVPS and ROACE excluding AOCL
3Q 2026 | APPENDIX: NON-GAAP RECONCILIATION Adjusted TCE ratio, TBVPS and ROACE excluding AOCL As of September 30, 2026, and 3Q26 averages; $ in thousands, except per share As of September 2026 TCE $1,834,069 Add: AOCL on AFS debt securities 480,464 Adjusted TCE $2,314,533 Tangible assets $19,208,91
Slide 18: Thank You Questions and Answers
Thank You Questions and Answers Earnings Presentation | October 22, 2026 18