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First BanCorp's rising dividend depends on Puerto Rico's economy despite auto loan risks and volatile deposits.

Market News
08 Oct 2026
24/7 Wall Street
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Bullish
First BanCorp's rising dividend depends on Puerto Rico's economy despite auto loan risks and volatile deposits.

First BanCorp has increased its dividend four times in five years, with its financial health closely tied to Puerto Rico's economy, where most of its loans are concentrated. The bank's dividend yield stands at 2.8%, supported by a strong capital ratio and earnings, but rising auto loan delinquencies and volatile government deposits pose risks. While the local economy shows signs of growth, including reshoring projects and steady loan growth, the bank's exposure to Puerto Rico means any economic downturn there could impact its financial stability. The dividend appears safe for now, with buybacks more likely to be cut if conditions worsen.

First BanCorp's dividend yield stands at 2.8%, reflecting its financial health tied to Puerto Rico's economy. For readers following the US financial sector, here is Pluang's market snapshot as of Oct 08, 2026 19:12 WIB: out of 118 priced Financials-sector US stocks tradable on Pluang, 12 rose and 101 fell today. Notable movers include BBVA at USD 25.68 with a 1-day change of -2.17%, Bit Digital Inc (BTBT) at USD 1.43 down 2.05%, and KB Financial Group (KB) at USD 122.19 down 2.04%, with Pluang order activity showing mixed buy/sell interest.

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