First BanCorp. reports $9.4M in 2Q profit, beating estimates
August 1, 2012
First BanCorp. reported better-than-expected second quarter results Tuesday, taking in $9.4 million in net income, a significant improvement over the $14.9 million net loss reported for the same year-ago quarter. The current results are also ...
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Analyst: P.R.’s bank deposit shortage stunting loan activity
June 18, 2012
Puerto Rico’s banking sector is not generating enough deposit activity to fund loan demand, which makes it very competitive and leads to higher deposit costs when compared to the mainland U.S.
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Analyst: Popular poised to build upon dominant position
December 15, 2011
After suffering several years of substantial losses locally and stateside, Banco Popular has “solidified its capital base” and is “now poised to build upon its dominant position in Puerto Rico while returning its mainland operations ...
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