SCHEDULE: FMR LLC Discloses 3.9% Stake in First Bancorp

FMR LLC and Abigail P. Johnson have reported beneficial ownership of 3.9% of First Bancorp/Puerto Rico's common stock as of June 30, 2026.

Summary

• FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting their beneficial ownership of First Bancorp/Puerto Rico's common stock.
• As of June 30, 2026, the total beneficial ownership is 6,039,457.70 shares, representing 3.9% of the class of securities.
• FMR LLC holds sole voting power for 6,036,217.996 shares and sole dispositive power for 6,039,457.70 shares.
• Abigail P. Johnson is listed as a Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC's voting shares.
• The filing indicates that other persons have the right to receive or direct the sale of dividends, but no single other person holds more than 5%.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership rather than a performance or strategic announcement.

Positives

• FMR LLC and Abigail P. Johnson maintain a significant, though not controlling, stake in First Bancorp/Puerto Rico.
• The filing confirms a stable ownership structure from a major financial entity.

Negatives

• The filing does not contain financial performance data or strategic updates, limiting insights into the company's operational health.
• The disclosure of beneficial ownership does not inherently signal positive or negative performance for the issuer.

Risks

• Potential for future changes in beneficial ownership by FMR LLC or other large shareholders could impact share price.
• The concentration of ownership among a few entities could influence corporate governance decisions.

Future Outlook

This filing is an update on beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC.
• Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC.
• The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors like FMR LLC, indicating their role as passive investors. This filing places First Bancorp within the context of companies attracting significant institutional attention.

Corporate Governance

Stakeholder Impact

• Shareholders: The filing provides transparency on a significant institutional investor's holdings, which can influence market perception.
• Management: The ownership stake by FMR LLC and its associated voting agreements may indirectly influence strategic discussions and decisions at First Bancorp.
• Regulators: Ensures compliance with SEC reporting requirements for beneficial ownership.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to report any material changes in their beneficial ownership of First Bancorp's common stock.
• The company will continue its operations as First Bancorp/Puerto Rico.

Key Dates

Keywords

First Bancorp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Puerto Rico