Summary of FIRST BANCORP /PR/

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the Corporation's Annual Meeting of Stockholders held on May 29, 2012, the matters voted on and the voting results are as follows:

Proposal 1 - Election of Directors


Director Nominees:                        Votes For              Votes Against          Votes Abstained          Broker Non-Votes
Aurelio Alemán-Bermúdez                  175,508,392                1,528,631                 122,692                 17,179,316
Thomas M. Hagerty                        173,737,057                3,296,385                 126,273                 17,179,316
Michael P. Harmon                        168,389,268                8,644,174                 126,273                 17,179,316
Roberto R. Herencia                      149,775,218               27,265,887                 118,610                 17,179,316
José Menéndez-Cortada                    175,689,094                1,424,242                  46,379                 17,179,316
Fernando Rodríguez-Amaro                 175,154,025                1,956,603                  49,087                 17,179,316
José F. Rodríguez-Perelló                175,710,603                1,407,275                  41,837                 17,179,316

Proposal 2 - Non-binding Approval of Executive Compensation

Votes For Votes Against Votes Abstained Broker Non-Votes 174,841,252 2,015,595 302,868 17,179,316

Proposal 3 - Ratification of the Appointment of KPMG LLP as the Independent
Registered Public Accounting Firm for Fiscal Year 2012


         Votes For      Votes Against      Votes Abstained      Broker Non-Votes
         191,208,552        3,100,420              30,059                 0


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