Overview
Director Roberto R. Herencia executed a sale of 4,723 shares of First BanCorp common stock on February 11, 2026, at a per-share price of $22.633, resulting in proceeds of $106,895. The disposition was recorded in a Form 4 filed with the Securities and Exchange Commission.
Post-transaction holdings and stock context
After the sale, Herencia directly holds 637,019 shares of First BanCorp. The transaction occurred while the shares were trading near the company’s 52-week high of $23.43. Over the past 12 months the stock has returned 13.5% and carries a dividend yield of 3.57%.
Recent financial performance
First BanCorp reported fourth-quarter 2025 results that came in modestly ahead of consensus expectations. The company posted earnings per share of $0.55 versus a forecast of $0.51, and generated revenue of $257.17 million compared with a projected $256.2 million.
Valuation and ratings cited
At present, First BanCorp trades at a price-to-earnings ratio of 10.42. InvestingPro assigns the company a "GREAT" financial health score and notes that First BanCorp has increased its dividend for eight consecutive years. Analyst coverage remains favorable on average, with a consensus recommendation of 1.71. Additional research is available through the InvestingPro Pro Research Report series, which is described as part of a subscriber offering of more than 1,400 reports.
Leadership transition
The bank also disclosed an upcoming change in its finance leadership. Chief Financial Officer Orlando Berges will retire effective June 30, 2026. Said Ortiz, who currently serves as Senior Vice President and Chief Accounting Officer, is slated to assume the CFO role on July 1, 2026.
Context and closing
The disclosed insider sale, recent quarterly results and the scheduled CFO succession are the primary developments noted in company disclosures and filings. Each item was reported through regulatory filings and company announcements referenced in public disclosures.
For readers: the article reflects information contained in the company’s filings and public financial disclosures.