FBP - Dividend announcements

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend is payable on June 12, 2026 to shareholders of record at the close of business on May 28, 2026. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. First BanCorp's shares of common stock trade on the New York Stock Exchange under the symbol "FBP." Safe Ha

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, which represents an increase of 11% or $0.02 per common share compared to its most recent dividend paid in December 2025. The dividend is payable on March 13, 2026 to shareholders of record at the close of business on February 26, 2026. "We are pleased to announce an increase in the quarterly cash dividend payment on the Corporation's common stock from $0.18 to $0.20 per share starting in the first quarter of 2026. The dividend increase, together with our share buyback program, underscores

KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to San Juan, Puerto Rico-based First BanCorp. (NASDAQ:FBP) ("the company"). KBRA also assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its primary bank subsidiary, FirstBank Puerto Rico. The Outlook for all long-term ratings is Stable. Key Credit Considerations FBP's ratings principally reflect its solid franchise within Puerto Rico which supports a granular, relatively low-cost deposit base and a better-than-peer average net interest margin (NIM). Despite the rising interest

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors approved the following capital actions: The declaration of a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on December 12, 2025 to shareholders of record at the close of business on November 28, 2025. A new stock repurchase program of up to $200 million that we expect to be executed, at management's discretion, through the end of the 4th quarter of 2026; this approval is in addition to the approximately $38 million remaining under the stock repurchase program announced on July 22, 2024. A

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on September 12, 2025 to shareholders of record at the close of business on August 28, 2025. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on June 13, 2025 to shareholders of record at the close of business on May 29, 2025. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a small loa

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share, which represents an increase of 13% or $0.02 per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025. "We are pleased to announce another increase to our common stock dividend. This, combined with our share buyback program, underscores our unwavering commitment to maximizing shareholder value. These actions are supported by our consistent long-term performanc

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on December 13, 2024 to shareholders of record at the close of business on November 29, 2024. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors approved the following capital actions: The declaration of a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on September 13, 2024 to shareholders of record at the close of business on August 29, 2024. A new repurchase program of up to $250 million that could include repurchases of common stock or junior subordinated debentures, which we expect to be executed at management's discretion through the end of the 4th quarter of 2025. This approval is in addition to the $50 million remaining under t

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on June 14, 2024 to shareholders of record at the close of business on May 30, 2024. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a small l

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share, which represents an increase of 14% or $0.02 per common share compared to its most recent dividend paid in December 2023. The dividend is payable on March 8, 2024 to shareholders of record at the close of business on February 23, 2024. "We are pleased to announce an increase in the quarterly cash dividend payment on the Corporation's common stock from $0.14 to $0.16 per share starting in the first quarter of 2024. The dividend, accompanied by our share buyback program, demonstrates our cont

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.14 per share on its outstanding common stock. The dividend is payable on December 8, 2023 to shareholders of record at the close of business on November 24, 2023. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors approved the following capital actions: A new stock repurchase program of up to $225 million of the Corporation's outstanding common stock that we expect to execute thru the end of the 3rd quarter of 2024; The declaration of a quarterly cash dividend of $0.14 per share on its outstanding common stock. The dividend is payable on September 8, 2023 to shareholders of record at the close of business on August 24, 2023. The Corporation expects to repurchase during the second half of 2023 approximately $150 million of the Corporation's outstanding

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.14 per share on its outstanding common stock. The dividend is payable on June 9, 2023 to shareholders of record at the close of business on May 24, 2023. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a small lo

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.14 per share, which represents an increase of 17% or $0.02 per common share compared to its most recent dividend paid in December 2022. The dividend is payable on March 10, 2023 to shareholders of record at the close of business on February 24, 2023. "We continue to execute on our capital allocation strategy by investing in our core franchise, our people and our communities, while continuing to return capital to our shareholders" said Aurelio Alemán, President and Chief Executive Officer. "It is our prior

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.12 per share on its outstanding common stock. The dividend is payable on December 9, 2022 to shareholders of record at the close of business on November 25, 2022. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a s

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.12 per share on its outstanding common stock. The dividend is payable on September 9, 2022 to shareholders of record at the close of business on August 25, 2022. About First BanCorp First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a sma

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors approved the following capital actions: A stock repurchase program of up to $350 million of the Corporation's outstanding common stock that we expect to execute over the next four quarters; and The declaration of a quarterly cash dividend of $0.12 per share, which represents an increase of 20% or $0.02 per common share compared to its most recent dividend paid in March 2022. The dividend is payable on June 10, 2022 to shareholders of record at the close of business on May 25, 2022. "We are pleased to announce today that an increase in the quart

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend is payable on March 11, 2022 to shareholders of record at the close of business on February 25, 2022. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a sma

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the "Preferred Stock"): Series AnnualDividendRate (%) MonthlyDividend PerShare OutstandingShares Record Date Payment Date (a) (b) (c) A 7.125% $0.14843750 197,386 November 26, 2021 November 30, 2021 B 8.35% $0.17395800 296,146 November 15, 2021 November 30, 2021 C 7.40% $0.15416670 249,852 November 15, 2021 November 30, 2021 D 7.25% $0.15104167 285,52

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per share, which represents an increase of 43% or $0.03 per common share compared to its most recent dividend paid in September 2021. The dividend is payable on December 10, 2021 to shareholders of record at the close of business on November 26, 2021. "We are pleased to announce an increase in the quarterly cash dividend payment on the Corporation's common stock from $0.07 to $0.10 per share commencing in the fourth quarter of 2021. The dividend, accompanied by our share buyback program, continues to d

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that it has elected to redeem the following outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (collectively, the "Series A through E Preferred Stock") which represents all of its currently outstanding preferred stock: Series     Description   Outstanding Shares A   7.13%   Noncumulative Perpetual Monthly Income Preferred Stock   197,386 B   8.35%   Noncumulative Perpetual Monthly Income Preferred Stock   296.146 C   7.40%   Noncumulative Perpetual Monthly Income Preferred Stock   2

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the "Preferred Stock"): Series   Annual Dividend Rate (%)   Monthly Dividend Per Share   Outstanding Shares   Record Date   Payment Date     (a)   (b)   (c)         A   7.125%   $0.14843750   197,386   October 28, 2021   November 1, 2021 B   8.35%   $0.17395800   296,146  

NEW YORK, Sept. 10, 2021 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the third quarter of 2021. This quarter, there are constituent changes within two of our indexes: the KBW Nasdaq Bank Index (TICKER:BKX, NASDAQ:KBWB) and the KBW Nasdaq Regional Banking Index (TICKER:KRX, NASDAQ:KBWR). These changes will be effective prior to the opening of business on Monday, September 20, 2021. As part of this rebalancing, below are the component level changes across impacted indices:   KBW Nasdaq Ban

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the "Preferred Stock"):                       Series     AnnualDividendRate (%)     MonthlyDividend PerShare     OutstandingShares     Record Date     Payment Date A     7.125%     $0.14843750     197,386     September 28, 2021     September 30, 2021 B     8.35%     $0.17395800     296,146     September 15, 2021  

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the "Preferred Stock"): Series Annual Dividend Rate (%) Monthly Dividend Per Share Outstanding Shares Record Date   Payment Date A 7.125% $0.14843750 197,386 August 27, 2021   August 31, 2021 B 8.35% $0.17395800 296,146 August 15, 2021   August 31, 2021 C 7.40% $0.15416670 249,852 August 15, 2021   August 31, 2021

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.07 per share on its outstanding common stock. The dividend is payable on September 10, 2021 to shareholders of record at the close of business on August 26, 2021. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico are First Federal Finance Limited Liability Company and

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the "Preferred Stock"):   Series   Annual Dividend Rate (%)   Monthly Dividend Per Share   Outstanding Shares   Record Date   Payment Date A   7.125%   $0.14843750   197,386   July 29, 2021   August 2, 2021 B   8.35%   $0.17395800   296,146   July 15, 2021   August 2, 2021 C   7.40%   $0.15416670   249,852   July 15, 2021  

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”): Series Annual Dividend Rate (%) Monthly Dividend Per Share Outstanding Shares Record Date Payment Date A   7.125%   $0.14843750   197,386 June 28, 2021   June 30, 2021 B   8.35%   $0.17395800   296,146 June 15, 2021   June 30, 2021 C

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the "Preferred Stock"): Series AnnualDividendRate (%) MonthlyDividend PerShare OutstandingShares Record Date Payment Date A 7.125% $0.14843750 197,386 May 27, 2021 June 1, 2021 B 8.35% $0.17395800 296,146 May 15, 2021 June 1, 2021 C 7.40% $0.15416670 249,852 May 15, 2021 June 1, 2021 D 7.25% $0.15104167 285,522 May 15, 2021

First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.07 per share on its outstanding common stock. The dividend is payable on June 11, 2021 to shareholders of record at the close of business on May 26, 2021. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico are First Federal Finance Limited Liability Company and First E

Net income of $61.2 million, or $0.28 per diluted share, for the first quarter of 2021, compared to $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020. The net income for the first quarter of 2021 and fourth quarter of 2020 included the following items of note: - Provision for credit losses was a net benefit of $15.3 million ($9.5 million after-tax, or an increase of $0.04 per diluted share) for the first quarter of 2021, compared to an expense of $7.7 million ($4.8 million after-tax, or a decrease of $0.02 per diluted share) for the fourth quarter of 2020. The reserve release in the first quarter of 2021 was primarily due to positive changes in the outlook of macr

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”):   Series   Annual Dividend Rate (%)   Monthly Dividend Per Share   Outstanding Shares Record Date Payment Date A   7.125%   $0.14843750   197,386 April 28, 2021   April 30, 2021 B   8.35%   $0.17395800   296,146 April 15, 2021

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”): Series Annual Dividend Rate (%) Monthly Dividend Per Share Outstanding Shares Record Date Payment Date A 7.125% $0.14843750 197,386 March 29, 2021 March 31, 2021 B 8.35% $0.17395800 296,146 March 15, 2021 March 31, 2021 C 7.40% $0.15416670 249,852

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”): Series   Annual Dividend Rate (%) Monthly Dividend Per Share Outstanding Shares Record Date   Payment Date A   7.125% $0.14843750 197,386 February 25, 2021   March 1, 2021 B   8.35% $0.17395800 296,146 February 15, 2021   March 1, 2021 C

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported net income of $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020, compared to $28.6 million, or $0.13 per diluted share, for the third quarter of 2020, and $36.4 million, or $0.16 per diluted share, for the fourth quarter of 2019. Financial results for the fourth quarter of 2020 reflected the effect of the acquisition of BSPR completed on September 1, 2020 for an entire quarter and included merger and restructuring costs of $12.3 million ($7.7 million after-tax, or a decrease of $

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.07 per share, which represents an increase of $0.02 per common share compared to its most recent dividend paid on December 11, 2020. The dividend is payable on March 12, 2021 to shareholders of record at the close of business on February 26, 2021. “We are very pleased to provide an increase to the quarterly cash dividend payment on the Corporation’s common stock from $0.05 to $0.07 commencing in the first quarter of 2021, the dividend increase is well sup

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”):   Series Monthly Dividend Per Share Outstanding Shares Record Date Payment Date A $0.14843750 197,386 December 29, 2020 December 31, 2020 B $0.17395800 296,146 December 15, 2020 December 31, 2020 C $0.15416670 249,852 December 15, 2020 December 3