First Bancorp PR: Departure Of Directors Or Certain Officers; Election Of Directors; Appointment Of Certain Officers; Compensatory Arrangements Of Certain Officers, Submission Of Matters To A Vote Of Security Holders, Financial Statements And Exhibits

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Approval of the Adoption of the First BanCorp 2026 Omnibus Incentive Plan At the Annual Meeting of Stockholders of First BanCorp (the “Corporation”) held on May 6, 2026, the Corporation’s stockholders approved the adoption of the First BanCorp 2026 Omnibus Incentive Plan (the “2026 Omnibus Incentive Plan”), which provides for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, and other stock-based awards to the Corporation’s or its affiliates’ officers, employees, and nonemployee directors. There are 5,000,000 shares of the Corporation’s common stock available for issuance pursuant to awards granted under the 2026 Omnibus Incentive Plan in addition to any forfeited shares of common stock subject to outstanding awards granted under the First BanCorp 2016 Omnibus Incentive Plan (the “prior plan”) that are payable in shares and that are forfeited or otherwise terminate on or after May 6, 2026 without the delivery of shares of common stock. No new awards will be made under the prior plan. The 2026 Omnibus Incentive Plan previously had been approved, subject to stockholder approval, by the Corporation’s Board of Directors on March 19, 2026 and will be administered by the Compensation Committee of the Corporation’s Board. A description of the material terms of the 2026 Omnibus Incentive Plan can be found in “Proposal No. 2 – Adoption of the First BanCorp 2026 Omnibus Incentive Plan” of the Corporation’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on March 25, 2026 (the “Proxy Statement”), which description is incorporated herein by reference. The foregoing description and the description incorporated by reference from the Proxy Statement are qualified in their entireties by reference to the complete text of the 2026 Omnibus Incentive Plan, attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. 2 Item 5.07 Submission of Matters to a Vote of Security Holders At the Annual Meeting of Stockholders of the Corporation held on May 6, 2026, the Corporation’s stockholders voted on the following proposals, which are described in more detail in the Corporation’s Proxy Statement. The voting results are as follows: Proposal 1 – Election of Directors Director Nominees: Votes For Votes Against Votes Abstained Juan Acosta Reboyras 133,131,685 2,492,818 52,410 Aurelio Alemán 133,994,286 1,627,091 55,536 Luz A. Crespo 131,748,820 3,875,113 52,980 Tracey Dedrick 135,020,841 603,154 52,918 Patricia M. Eaves 133,609,818 1,377,263 689,832 Daniel E. Frye 134,888,678 735,050 53,185 John A. Heffern 135,032,607 591,127 53,179 Roberto R. Herencia 99,373,785 36,134,938 168,190 Félix M. Villamil 135,051,354 572,964 52,595 Broker Non-Vote 8,016,633 shares for each director. As a result of the vote disclosed above, each of the nine director nominees listed above was duly elected to serve for a one-year term expiring at the Corporation’s 2027 Annual Meeting of Stockholders. Proposal 2 – Adoption of the 2026 Omnibus Incentive Plan Votes For Votes Against Votes Abstained Broker Non-Votes 126,365,168 9,200,055 111,690 8,016,633 As a result of the vote disclosed above, the 2026 Omnibus Incentive Plan was duly approved by the stockholders of the Corporation. Proposal 3 – Non-binding Approval of 2025 Executive Compensation of the Corporation’s named executive officers Votes For Votes Against Votes Abstained Broker Non-Votes 130,973,880 4,597,065 105,968 8,016,633 As a result of the vote disclosed above, the non-binding, advisory resolution to approve the Corporation’s named executive officer compensation as reported in the Proxy Statement was duly approved by the stockholders of the Company. Proposal 4 – Ratify the Appointment of Crowe LLP as the Corporation’s Independent Registered Public Accounting Firm for Fiscal Year Ending December 31, 2026 Votes For Votes Against Votes Abstained 142,700,312 917,545 75,689 3 As a result of the vote disclosed above, the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was duly ratified by the stockholders of the Corporation. Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Description of Exhibit 10.1 First BanCorp 2026 Omnibus Incentive Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 4 SIGNATURE 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. Date: May 12, 2026 First BanCorp. By: /s/ Sara Alvarez Name: Sara Alvarez Title: EVP and General Counsel 5

First Bancorp PR: Departure Of Directors Or Certain Officers; Election Of Directors; Appointment Of Certain Officers; Compensatory Arrangements Of Certain Officers, Submission Of Matters To A Vote Of Security Holders, Financial Statements And Exhibits

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