In the U.S. News list, San Diego takes the top spot, but the cost of living in Puerto Rico’s capital has even exceeded New York’s. #NewsismyBusiness
The U.S. Census Bureau’s Community Survey found that household and family incomes saw no significant changes, but poverty rates rose slightly, despite a large drop in unemployment. #NewsismyBusiness
With a 202% increase, the Puerto Rico Convention District Authority and ASM Global celebrate the most profitable year in the venue’s 19 years. #NewsismyBusiness
Amendments aim to benefit the middle class and businesses, as well as simplify the filing process.
Evertec Inc. reported $113.3 million in total revenue for the second quarter ended June 30, representing a 10 percent increase compared with $103.5 million in the prior year.
EVERTEC Inc. announced results for the first quarter ended March 31, 2018, including net income attributable to common shareholders of $23 million, or $0.31 per diluted share flat, when compared with the prior year.
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.
Puerto Rico’s median household income dopped by 4 percent from 2012 to 2016, when it stood at $19,606, in comparison to the $20,403 on record for the prior five-year period, according to the U.S. Census Bureau’s Puerto Rico Community Survey.
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.
First BanCorp. reported net income of $28 million for the second quarter of 2017, or $0.13 per diluted share, compared to $25.5 million, or $0.11 per diluted share, for the first quarter of 2017 and $22 million, or $0.10 per diluted share, for the second quarter of 2016.
Popular Inc. reported a net income of $96.2 million for the quarter ended June 30, 2017, up .08 percent compared to a net income of $88.9 million for the same year-ago quarter
OFG Bancorp reported Tuesday results for the fourth quarter, reflecting an increase in net income available to shareholders to $12.1 million, or $0.27 per share fully diluted, from $11.7 million, or $0.26 per share fully diluted, in the third quarter and a loss of $4.4 million, or ($0.10) per share, in the same year-ago quarter.
First BanCorp., the parent company for FirstBank Puerto Rico, reported Monday net income of $23.3 million for the first quarter of 2016, or $0.11 per diluted share, compared to $15 million, or $0.07 per diluted share, for the fourth quarter of 2015 and $25.6 million, or $0.12 per diluted share, for the first quarter of 2015.
Encouraged by the progress shown by its U.S. mainland operation and by the strength of its Puerto Rico franchise, Popular Inc. reported Monday net income of $85 million for the first quarter ended Mar. 31, 2016, compared to net income of $137.4 million and an adjusted net income of $98.3 million for the quarter ended Dec. 31, 2015.
Every U.S. citizen is subject to the provisions of the United States Internal Revenue Code ("USIRC") regardless of their place of work or residence. Since people born in Puerto Rico are U.S. citizens, they are subject to the provisions of the USIRC.
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