{"url_path":"/sec/fbp/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1057706/0001057706-26-000012-index.html","accession_number":"0001057706-26-000012","cik":"0001057706","ticker":"FBP","issuer_name":"FIRST BANCORP /PR/","edgar_url":"https://www.sec.gov/Archives/edgar/data/1057706/0001057706-26-000012-index.html","primary_entity_key":"0001057706","primary_entity_name":"FIRST BANCORP /PR/"},"word_count":304,"has_tables":false,"body_markdown":"ITEM 2.\n\nUNREGISTERED\n\nSALES OF\n\nEQUITY SECURITIES\n\nAND USE OF\n\nPROCEEDS\n\nThe Corporation did not have any unregistered sales\n\nof equity securities during the quarter ended March\n\n31, 2026.\n\nIssuer Purchases of Equity Securities\n\nThe following table provides information in relation\n\nto the Corporation’s purchases of its common stock during\n\nthe quarter ended March\n\n31, 2026.\n\nPeriod\n\nTotal Number of Shares\n\nPurchased\n\nAverage Price\n\nPaid per Share\n\nTotal Number of\n\nShares Purchased as\n\nPart of Publicly\n\nAnnounced Plans or\n\nPrograms\n\n(1)\n\nApproximate Dollar Value\n\nof Shares that May Yet\n\nbe\n\nPurchased Under the Plans\n\nor Programs (in\n\nthousands)\n\n(1)\n\nJanuary 1, 2026 - January 31, 2026\n\n53,933\n\n$\n\n20.52\n\n53,625\n\n$\n\n187,200\n\nFebruary 1, 2026 - February 28, 2026\n\n138,097\n\n21.21\n\n138,097\n\n184,271\n\nMarch 1, 2026 - March 31, 2026\n\n2,442,261\n\n20.72\n\n2,217,470\n\n138,300\n\nTotal\n\n2,634,291\n\n(2)\n\n2,409,192\n\n(1)\n\nAs of March 31,\n\n2026, the Corporation was\n\nauthorized to purchase up\n\nto $200 million of the\n\nCorporation's common stock\n\nunder the program that\n\nwas publicly announced on\n\nOctober 22,\n\n2025.\n\nRepurchases\n\nunder\n\nthe\n\nprogram\n\nmay\n\nbe\n\nexecuted\n\nthrough\n\nopen\n\nmarket\n\npurchases,\n\naccelerated\n\nshare\n\nrepurchases,\n\nprivately\n\nnegotiated\n\ntransactions\n\nor\n\nplans,\n\nincluding\n\nplans\n\ncomplying with Rule\n\n10b5-1 under the\n\nExchange Act.\n\nThe stock\n\nrepurchase program\n\ndoes not obligate\n\nit to acquire\n\nany specific\n\nnumber of shares\n\nand does\n\nnot have an\n\nexpiration date.\n\nThe stock\n\nrepurchase\n\nprogram may\n\nbe modified,\n\nsuspended,\n\nor terminated\n\nat\n\nany time\n\nat\n\nthe Corporation’s\n\ndiscretion.\n\nDuring\n\nthe\n\nfirst quarter\n\nof 2026,\n\nthe Corporation\n\nrepurchased\n\napproximately $50.0 million in common stock.\n\n(2)\n\nIncludes 225,099 shares of common stock acquired by\n\nthe Corporation to cover minimum tax withholding\n\nobligations upon the vesting of equity-based awards.\n\nThe Corporation intends to\n\ncontinue to satisfy statutory tax withholding obligations in connection\n\nwith the vesting of outstanding restricted stock and\n\nperformance units through the withholding of shares."}