The most recent results “exceeded our expectations,” company President Mac Schuessler said during a call with analysts.
Popular Inc. had a busy third quarter, with the closing of its acquisition of Wells Fargo’s auto finance business in Puerto Rico.
A rebound by Puerto Rico’s individual and business consumers is fueling growth at Oriental, which reported net income available to shareholders of $19.6 million or $0.42 per fully diluted share during the third quarter of this year.