8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): April 22, 2022

First BanCorp.

(Exact Name of Registrant as Specified in its Charter)

Puerto Rico	001-14793	66-0561882
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

1519 Ponce De Leon Ave. P.O. Box 9146 San Juan, Puerto Rico	00908-0146
(Address of Principal Executive Offices)	(Zip Code)

(787) 729-8200

(Registrant’s Telephone Number, including Area Code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock ($0.10 par value)	FBP	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On April 22, 2022, First BanCorp. (the “Corporation”), the bank holding company for FirstBank Puerto Rico, issued a press release announcing that the Corporation released its inaugural Environment, Social and Governance (“ESG”) Report for 2021. The 2021 ESG Report is posted on the Corporation’s website under the Investor Relations section. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is included herein solely for purposes of this Item 8.01 disclosure.

Item 9.01	Financial Statements and Exhibits
(d)	Exhibits

Exhibit	Description of Exhibit
99.1	Press Release dated April 22, 2022 - First BanCorp Announces the Release of its Inaugural Environmental, Social and Governance Report
	Exhibits 99.1 referenced herein shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall Exhibits 99.1 be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FIRST BANCORP.
Date: April 22, 2022	/s/ Sara Alvarez
	Sara Alvarez
	EVP and General Counsel

EX-99.1

Exhibit 99.1

First BanCorp Announces the Release of Its Inaugural Environmental, Social, and Governance Report

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--April 22, 2022--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced the release of its inaugural Environmental, Social and Governance (ESG) Report for 2021. This 2021 ESG Report focuses on a wide range of topics, including governance and leadership; responsible business practices; employees and culture; diversity, equity and inclusion; community engagement; and environmental stewardship.

Aurelio Aleman, President and Chief Executive Officer of the Corporation, commented: “Throughout the Corporation’s 74-year history, our corporate mission has always been grounded on the principle of investing in our people, supporting our communities, and providing an outstanding banking experience for our customers, essential for success over the long-term. We are excited to be publishing our inaugural ESG Report, which is a continuation of the Corporation’s ESG strategic path and builds on our long-lasting mission to operate in the best interest of our stakeholders.”

In addition, the Corporation’s Board of Directors (the “Board”) approved First BanCorp’s Sustainability Policy, which is available in the Corporation’s Investor Relations website at www. fbpinvestor.com. The Sustainability Policy outlines the Corporation’s corporate-wide activities and commitment to each ESG focus area. Furthermore, the Corporation continued evolving its ESG program by formally adopting an ESG framework that establishes and communicates the Corporation’s ESG strategy and overarching policy going forward.

Accompanying the Corporation’s 2021 ESG Report are detailed disclosure indices aligned with the Sustainability Accounting Standards Board (SASB) and the United Nations Sustainable Development Goals (UNSDG).

About First BanCorp

First BanCorp is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a small loan company. First BanCorp’s shares of common stock trade on the New York Stock Exchange under the symbol “FBP.”

Contacts

First BanCorp
Ramon Rodríguez
Senior Vice President
Corporate Strategy and Investor Relations
(787) 729-8200 Ext. 82179
ramon.rodriguez@firstbankpr.com

XML

Document and Entity Information	Apr. 22, 2022
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Apr. 22, 2022
Entity Registrant Name	First BanCorp.
Entity Incorporation, State or Country Code	PR
Entity File Number	001-14793
Entity Tax Identification Number	66-0561882
Entity Address, Address Line One	1519 Ponce De Leon Ave.
Entity Address, Address Line Two	P.O. Box 9146
Entity Address, City or Town	San Juan
Entity Address, Country	PR
Entity Address, Postal Zip Code	00908-0146
City Area Code	787
Local Phone Number	729-8200
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001057706
Title of 12(b) Security	Common Stock ($0.10 par value)
Trading Symbol	FBP
Security Exchange Name	NYSE