The company reported $228.8M in revenue and 105% increase in net income. #NewsismyBusiness
Higher investment yields and lower deposit costs drive margin expansion, credit quality improves across loan segments. #NewsismyBusiness
Oriental CEO says Puerto Rico should capitalize on opportunities within the Trump administration’s call to bring production back to the U.S. #NewsismyBusiness
Evertec’s growth is supported by strong financials, strategic acquisitions, and its focus on Latin American markets. #NewsismyBusiness
Liberty Latin America CEO Balan Nair highlighted the local operation’s sequential growth in OIBDA. #NewsismyBusiness
The bank achieved 17% asset growth, 18% loan growth and 27% deposit growth. #NewsismyBusiness
Liberty Latin America CEO Balan Nair is anticipating a “significant inflection in financial performance” over the next six months. #NewsismyBusiness
The financial institution also saw quarter-over-quarter growth, as it reported $103.3 million for the quarter ended March 31, 2024. #NewsismyBusiness
First BanCorp.’s board of directors approved a quarterly cash dividend of $0.16 per share on its outstanding common stock. #NewsismyBusiness
During the quarter, OFG also moved ahead with its share buyback program, implementing close to the $50 million approved by its board. #NewsismyBusiness
Over the last 12 months ending first quarter 2024, Banesco USA has granted $212.8 million in ECIP loans in Puerto Rico. #NewsismyBusiness
Subscription revenue was also lower year-over-year, driven primarily by a drop of 61,000 pre- and post-paid mobile customers. #NewsismyBusiness
The company confirmed it has already migrated 800,000 former AT&T customers to its mobile platform. #NewsismyBusiness
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
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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