Item 5.07 Submission of Matters to a Vote of Security Holders

At the Annual Meeting of Stockholders of First BanCorp (the "Corporation") held on May 22, 2020, stockholders of the Corporation voted on the following proposals, which are described in more detail in the Corporation's Definitive Proxy Statement on Schedule 14A for the 2020 Annual Meeting of Stockholders filed by the Corporation with the Securities and Exchange Commission on April 9, 2020. The voting results are as follows:

Proposal 1 - Election of Directors

Director Nominees: Votes For Votes Against Votes Abstained Juan Acosta Reboyras 178,274,138 1,516,780 20,155 Aurelio Alemán 179,415,824 380,325 14,924 Luz A. Crespo 178,206,511 1,585,084 19,478 Tracey Dedrick 179,391,990 394,507 24,576 Daniel E. Frye 179,394,605 392,894 23,574 Robert T. Gormley 178,015,948 1,771,551 23,574 John A. Heffern 179,006,708 781,890 22,475 Roberto R. Herencia 177,621,502 2,169,401 20,170 Jo?e Menéndez-Cortada 177,666,505 2,124,752 19,816

Broker Non- Vote 14,443,826 shares for each director.

Proposal 2 - Non-binding Approval of 2019 Executive Compensation of the Corporation's named executive officers.



 Votes For    Votes Against   Votes Abstained   Broker Non-Votes
170,921,149     7,359,320        1,530,604         14,443,826

Proposal 3 - Ratify the Appointment of Crowe LLP as the Corporation's Independent Registered Public Accounting Firm for 2020 Fiscal Year



 Votes For    Votes Against   Votes Abstained
193,820,215      101,677          333,007

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