First BanCorp. reports $73.5M in Q1 net income
April 24, 2024
The financial institution plans to continue investing in technology to improve customer-facing services as well as internal processes. #NewsismyBusiness
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Popular Inc. reports $103M in net income for Q1, down $55M Y-O-Y
April 24, 2024
The latest results include an after-tax impact of $9.1 million related to the FDIC Special Assessment in November 2023. #NewsismyBusiness
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OFG Bancorp reports $174M in core revenues in 1Q
April 19, 2024
In a call with reporters, Oriental’s CEO said because of its different strategies, its customer base increased by 3% year over year. #NewsismyBusiness
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MCS partners with Puerto Rico Medical Hall of Fame to honor physicians
April 19, 2024
MCS is seeking new mentoring opportunities for medical students and resident physicians. #NewsismyBusiness
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CUNA Mutual Group completes transition to TruStage in Puerto Rico
April 16, 2024
The company announced the process of changing its name as part of its “move toward the future at the service of Puerto Rican credit unions.” #NewsismyBusiness
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Federal Home Loan Bank discusses membership eligibility of Puerto Rico co-ops
April 5, 2024
This clarity provided by the FHFA makes it easier for Puerto Rican cooperatives to access financial services and stability. #NewsismyBusiness
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Banesco USA reports $25.3M, $3.8B in assets for 4Q
February 23, 2024
The bank’s loan growth was driven largely by its commercial banking clients throughout the communities it serves in South Florida and Puerto Rico. #NewsismyBusiness
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Cooperativa de Seguros Múltiples sets ambitious goals for 2024
February 12, 2024
The Puerto Rican insurer surpassed its 2023 targets. #NewsismyBusiness
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Popular Inc. reports $541M in net income in 2023, $94.6M in 4Q
January 26, 2024
Popular Inc. CEO Ignacio Álvarez confirmed that the Apple Pay service will finally become available in Puerto Rico this year. #NewsismyBusiness
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OFG Bancorp reports core revenue of $682.7M in 2023, $175.6M in 4Q
January 25, 2024
Oriental reported a $1.2 billion public funds deposit in mid-December, although the name of the agency involved remains undisclosed due to regulatory restrictions. #NewsismyBusiness
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First BanCorp. reports $305.M net income for 2023, $79.5M for 4Q
January 25, 2024
In 2023, First BanCorp. returned approximately $300 million, or close to 100%, of 2023 earnings, to shareholders through $200 million in stock repurchases and the payment of $100 million in common stock dividends. #NewsismyBusiness
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MCS begins 2024 with 36K new Medicare Advantage members
January 24, 2024
MCS exceeded growth expectations during the recently ended annual enrollment period as its commercial health plans also added a significant number of new beneficiaries for 2024. #NewsismyBusiness
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Coop Manatí expands northern Puerto Rico footprint with $500K branch
January 17, 2024
The new branch, which serves a portfolio of 40,000 clients, is generating eight new jobs. #NewsismyBusiness
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Amid bank mergers, a global economic recession, sector going strong in Puerto Rico
December 28, 2023
Long-standing CEOs delve into topics such as the future of the banking sector and their forecasts for industry development. #NewsismyBusiness
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Fed report: Irma and Maria had modest, short-term impact on local banks’ performance
December 28, 2023
The Fed compared banks based in Puerto Rico with a control group of U.S. banks on the mainland to better understand how extreme weather disasters affect bank stability and their ability to lend. #NewsismyBusiness
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