In its second quarter of 2026, First BanCorp disclosed a solid operating performance anchored by ongoing loan and deposit growth across multiple jurisdictions. The company announced a pending acquisition of First Carolina, underscoring its strategy to broaden its geographic footprint beyond Puerto Rico into the U.S. Southeast. While net interest margins benefit from higher rates, competitive pressures on deposit costs and cautious credit underwriting amid economic uncertainties temper upside. Regulatory oversight across Puerto Rico, U.S. mainland, and Virgin Islands remains complex but effectively managed.