An estimated 300,000 Banco Popular customers participated in Banco Popular de Puerto Rico’s loan moratorium program, which included personal, auto, leasing, and mortgage loans, as well as credit cards, bank officials said Thursday.
OFG Bancorp reported results for the fourth quarter and year ended Dec. 31, 2017, which reflected net income available to shareholders increased to $13.6 million, or $0.30 per share fully diluted, from a net loss of $146,000, or $0.00 per share, in 3Q17. OFG reported net income of $12.1 million, or $0.27 per share fully diluted, in 4Q16.
Two decades after pioneering in the digital banking solutions arena, online financial services platform Eloan is being relaunched to provide a “simpler and smarter” personal loans product at competitive rates, company officials said.
First BanCorp. reported net income of $24.2 million for the fourth quarter of 2017, or $0.11 per diluted share, compared to a net loss of $10.8 million, or $0.05 per diluted share, for the third quarter of 2017 and net income of $23.9 million, or $0.11 per diluted share, for the fourth quarter of 2016.
Popular Inc. reported a net loss of $102.2 million for the quarter ended Dec. 31, 2017, compared to a net income of $20.7 million for the prior reflecting a non-cash income tax expense of $168.4 million due to the impact of the Federal Tax Cut and Jobs Act in the corporation’s U.S. deferred tax asset.
Triple-S went public on the New York Stock Exchange 10 years ago, and since then, its assets have grown $1.7 billion in December of 2017 to $3.1 billion in September of 2017, for an increase of 82 percent, two of its high-ranking executives confirmed.
Triple-S Salud is betting on the growth of entrepreneurship in Puerto Rico and has developed a strategy to serve the health needs of this group that includes digital tools to buy an individual plan online, as well as new benefits that sets them apart from the competition, the company announced.
The HIMA-San Pablo hospital system has re-entered the MMM Healthcare provider network, to offer healthcare services at its facilities in Caguas, Humacao, Fajardo and Cupey, executives representing both companies announced.
Insurance credit agency A.M. Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” of Puerto Rioc’s Trans-Oceanic Life Insurance Company. The outlook of the FSR remains stable.
Triple-S Management Corp. announced third quarter 2017 results Thursday, confirming net income of $21.9 million, or $0.91 per diluted share, versus a net loss of $1.9 million, or $0.08 per diluted share, in the prior-year period.
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported a net loss of $10.8 million for the third quarter of 2017 compared to net income of $24.1 million for the third quarter of 2016.
Popular Inc. reported a net income of $20.7 million for the third quarter ended Sept 30, 2017, compared to a net income of $96.2 million for the quarter ended June 30, 2017.
The impact of the back-to-back hurricanes — Irma and María — on the island has pushed Puerto Rico to “finally hit bottom,” said José Rafael Fernández, CEO of Oriental Financial Group Wednesday, upon announcing the bank’s third quarter results.
Popular Community Bank, the principal U.S. mainland operating subsidiary of Popular Inc., announced the official launch of its private banking division, Popular Private Client.
More than half, or 57 percent of Puerto Rico’s bank branches islandwide are offering services, Puerto Rico Bankers Association Executive VP Zoimé Álvarez-Rubio said.
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