Popular Inc. reports $136M in net income for third quarter
October 27, 2023
The most recent quarter includes an after-tax goodwill impairment charge in the bank’s U.S.-based equipment leasing subsidiary of $16.4 million. #NewsismyBusiness
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First BanCorp. reports $82M net income in 3Q, up 10% Y-O-Y
October 23, 2023
The bank also reported quarter-over-quarter growth. #NewsismyBusiness
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OFG Bancorp reports core revenue growth in 3Q, driven by digital strategy
October 23, 2023
The bank’s digital strategy has gained traction, while it continues to grow its branch network. #NewsismyBusiness
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3rd edition of Puerto Rico Financial Services Forum slated for Oct. 23-24
September 25, 2023
Top international banking and international insurance industry leaders will be at the event. #NewsismyBusiness
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Puerto Rico’s credit unions show ‘notable improvement’ in 2023
September 6, 2023
Estudios Técnicos Inc.’s Credit Unions Financial Stability Index Industry increased due to the higher return on assets and a strengthening of the industry’s solvency. #NewsismyBusiness
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Puerto Rico Housing Finance Authority launches HBA status platform
August 22, 2023
Puerto Rico residents can now track their Homebuyer Assistance Program applications online. #NewsismyBusiness
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Nave Bank receives approval to start operating in Puerto Rico
August 16, 2023
Nave Bank expects to start operations in the month of September. #NewsismyBusiness
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‘FirstBank for Business’ unveiled to drive commercial clients’ growth
August 10, 2023
This new proposal charts a growth path for entrepreneurs of all stages, whether they are startups, small and medium-sized businesses or large corporations, bank officials stated. #NewsismyBusiness
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First BanCorp. reports net income of $70.7M
July 28, 2023
Puerto Rico’s economy is strong enough to mitigate the recent interest rate increases implemented by the Federal Reserve to fight inflation in the U.S. economy, First BanCorp. CEO Aurelio Alemán said. #NewsismyBusiness
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Popular Inc. reports 2Q net income of $151.2M
July 27, 2023
“We are encouraged by the resiliency of the U.S. economy and sustained economic activity in Puerto Rico,” said Popular Inc. CEO Ignacio Álvarez. #NewsismyBusiness
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First BanCorp announces $225M stock repurchase, quarterly cash dividend
July 25, 2023
First BanCorp. will release second quarter results later this week. #NewsismyBusiness
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OFG Bancorp reports $170.5M in core revenues for 2Q23
July 21, 2023
This is the bank’s 10th consecutive quarter that reflects growth. #NewsismyBusiness
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FirstBank grants $200M+ in commercial loans in 1Q23
June 26, 2023
“The commercial loan options are as varied as they are promising, since they include spaces for rent, restaurants, and consumer services,” officials said. #NewsismyBusiness
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Popular Inc. reports net income drop in 1Q23 due to deferred tax asset
April 27, 2023
In the report, Popular Inc. confirmed net interest income of $531.7 million in the most recent quarter, compared to $494.3 million for the same year-ago period. #NewsismyBusiness
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First BanCorp. reports $70.7M in 1Q23 net income
April 26, 2023
Net interest income reached $200.9 million for the first quarter of 2023, compared to $185.6 million for the first quarter of 2022, and $205.5 million for the quarter ended Dec. 31, 2022. #NewsismyBusiness
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