First BanCorp.: 3 Key Takeaways for Long-Term Investors
Rising deposit costs are pressuring margins across banking, but FBP's repricing strategy offers a buffer.
First BanCorp. (FBP) delivered a strong third quarter in 2026, announcing a 25% dividend hike and a $350 million share repurchase authorization during its earnings call. The bank's chief executive officer, Aurelio Alemán, highlighted capital generation as a key strength, enabling $80 million in shareholder returns during the quarter.
Despite rising deposit competition and higher borrowing costs, First BanCorp. managed to increase total loan balances through commercial projects such as real estate development, corporate acquisitions, and business expansions, even as consumer loans declined slightly. The bank's non-performing asset ratio remained low, providing confidence to expand market share carefully.
Management's focus on digital banking tools, disciplined credit underwriting, and technology enhancements positions the company for resilient returns over the long term, creating value for shareholders.
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