FirstBank calls on entrepreneurs to participate in EnterPRize competition
March 26, 2019
Hurricane María, which seriously damaged Puerto Rico’s infrastructure, led to an increased number of areas falling in disuse in municipalities; many small and medium business owners ceased operations due to a lack of basic resources, while others decided to emigrate. In light of this, FirstBank created the “Uno con Puerto Rico” award for $10,000 in […]
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First BanCorp. reports $201.6M in net income for ’18; $101.1M for 4Q18
January 30, 2019
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $201.6 million, or $0.92 per diluted share, for the year ended Dec. 31, 2018, compared to $67 million, or $0.30 per diluted share, for the year ended Dec. 31, 2017. The financial institution also reported net income of $101.1 million, or […]
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Moody’s: PR banks can handle 2 yrs of recession stress
September 9, 2016
Three of Puerto Rico’s main banks — Banco Santander Puerto Rico, Popular Inc. and FirstBank Puerto Rico — banks can absorb further asset quality stress resulting from Puerto Rico’s recession for at least two more years, Moody’s Investors Service said in a report released Thursday.
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