First Bancorp. Announces Payment of Dividends on Preferred Stock

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”): Series Annual Dividend Rate (%) Monthly Dividend Per Share Outstanding Shares Record Date Payment Date A 7.125% $0.14843750 197,386 March