First BanCorp to Announce First Quarter 2013 Results and Host Conference Call on May 3, 2013

First BanCorp (the “Corporation”) (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the first quarter ended March 31, 2013, before the market opens on Friday, May 3, 2013.

First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Friday, May 3, 2013. The call and webcast will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation’s website: www.firstbankpr.com.

Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary software. The call may also be accessed through a dial-in telephone number 888-317-6016 or 412-317-6016 for international callers. Following the webcast presentation, a question and answer session will be made available to research analysts and institutional investors.

A replay of the webcast will be archived in First BanCorp’s website until May 3, 2014. A telephone replay will be available one hour after the end of the conference through 9:00 a.m. Eastern time June 3, 2013 at 877-344-7529 or 412-317-0088 for international callers. The conference number is 10028420.

About First BanCorp

First BanCorp is the parent corporation of FirstBank, a state-chartered commercial bank with operations in Puerto Rico, the Virgin Islands and Florida, and of FirstBank Insurance Agency. First BanCorp and FirstBank operate within U.S. banking laws and regulations. The Corporation operates a total of 153 branches, stand-alone offices, and in-branch service centers throughout Puerto Rico, the U.S. and British Virgin Islands, and Florida. Among the subsidiaries of FirstBank are First Federal Finance Corp., a small loan company; FirstBank Puerto Rico Securities Corp., a broker-dealer subsidiary; First Management of Puerto Rico; and FirstMortgage, Inc., a mortgage origination company. In the U.S. Virgin Islands, FirstBank operates First Express, a small loan company. First BanCorp’s Common Stock trades on the New York Stock Exchange under the symbol “FBP.”