First BanCorp. Files 8-K for Operations & Financial Condition Update

Ticker: FBP · Form: 8-K · Filed: 2024-01-24T00:00:00.000Z

Sentiment: neutral

Topics: financial-condition, corporate-update, regulatory-filing

TL;DR

**FBP just dropped an 8-K, likely signaling big news on operations or financials, keep an eye out!**

AI Summary

First BanCorp. (FBP) filed an 8-K on January 24, 2024, to report current events related to its operations and financial condition. This filing indicates that the company is providing written communications under Rule 425 of the Securities Act, which often relates to business combinations or offerings. For investors, this matters because it signals that significant corporate activity, potentially impacting the stock's value, is underway or has recently occurred, requiring close attention to subsequent disclosures.

Why It Matters

This filing signals that First BanCorp. is communicating important information about its business, which could include updates on mergers, acquisitions, or other material financial events that directly affect its stock price and future prospects.

Risk Assessment

Risk Level: medium — The filing itself is administrative, but the underlying event it signals could carry significant financial risk or opportunity, depending on its nature.

Analyst Insight

A smart investor would monitor First BanCorp.'s subsequent filings and news releases closely for the specific details regarding the 'Results of Operations and Financial Condition' and any related financial statements or exhibits that this 8-K is signaling.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of First BanCorp.'s 8-K filing on January 24, 2024?

The primary purpose of First BanCorp.'s 8-K filing on January 24, 2024, is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits,' as indicated by the 'ITEM INFORMATION' sections in the filing.

Under which specific SEC rule is First BanCorp. making written communications in this 8-K?

First BanCorp. is making written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425), as explicitly checked in the filing.

What is the trading symbol and the exchange where First BanCorp.'s common stock is registered?

First BanCorp.'s common stock trades under the symbol FBP and is registered on the New York Stock Exchange, as stated in the 'Securities registered pursuant to Section 12(b) of the Act' section.

What is the state of incorporation for First BanCorp.?

First BanCorp. is incorporated in Puerto Rico, as indicated by 'State or Other Jurisdiction of Incorporation' in the filing.

What is the business address and phone number of First BanCorp. as listed in the filing?

The business address for First BanCorp. is 1519 Ponce de Leon Ave., P.O. Box 9146, San Juan, Puerto Rico 00908-0146, and its telephone number is (787) 729-8200.

Filing Stats: 731 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-01-24 10:46:41

Key Financial Figures

Filing Documents

02

Item 2.02 Results of Operations and Financial Condition. On January 24, 2024, First BanCorp. (the "Corporation"), the bank holding company for FirstBank Puerto Rico ("FirstBank" or the "Bank"), issued a press release announcing its unaudited results of operations for the quarter ended December 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. A copy of the presentation that the Corporation will use at its conference call to discuss its financial results for the quarter ended December 31, 2023 is attached hereto as Exhibit 99.2 and is incorporated herein by reference. As announced in a press release dated January 8, 2024, the call may be accessed via a live Internet webcast at 11:00 a.m. Eastern time on Wednesday, January 24, 2024, through the Corporation's investor relations website: www.fbpinvestor.com or through the dial-in telephone number 833-470-1428 or 404-975-4839 for international callers. The participant access code is 636165.

01

Item 9.01

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Description of Exhibit 99.1 Press Release dated January 24, 2024 - First BanCorp Announces Earnings for the quarter and year ended December 31, 2023 99.2 First BanCorp Conference Call Presentation – Financial Results for the quarter and year ended December 31, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Exhibits 99.1 and 99.2 referenced therein, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall Exhibits 99.1 and 99.2 be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended. 2 Exhibit Index Exhibit Description of Exhibit 99.1 Press Release dated January 24, 2024 - First BanCorp Announces Earnings for the quarter and year ended December 31, 2023 99.2 First BanCorp Conference Call Presentation – Financial Results for the quarter and year ended December 31, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Exhibits 99.1 and 99.2 referenced therein, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall Exhibits 99.1 and 99.2 be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 24, 2024 First BanCorp. By: /s/ Orlando Berges Name: Orlando Berges Title: EVP and Chief Financial Officer 3

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