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Puerto Rico's First BanCorp. delays 10-K filing

First BanCorp. disclosed that it will not be able to file its annual report on Form 10-K for 2017 on time.

The Puerto Rico-based company needs additional time to audit certain items in its financial statements as well as assess its internal control over its financial reporting.

The company intends to file the Form 10-K not later than the 15th calendar day following the deadline.