First BanCorp., parent company of First Bank, reported net income of $281 million for the year ended Dec. 31, 2021, compared to $102.3 million for the year ended Dec. 31, 2020. In an interview with News is my Business, First BanCorp. CEO Aurelio Alemán attributed the growth to the completion of the acquisition of Banco […]
The confirmation of Puerto Rico’s debt restructuring plan is one of several positive circumstances that is positioning the island for an economic rebound in coming years, but which will require unity between the public and private sectors. José Rafael Fernández, CEO of OFG Bancorp, said Puerto Rico’s economy is already in a “very different situation” […]
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2021/10/Ignacio-Alvarez-10.21.21.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSPopular Inc., the parent company of Banco Popular de Puerto Rico (BPPR), reported net income of $248.1 million for the quarter ended September 30, 2021, up $79.7 million in comparison to the $168.4 million reported for the same year-ago quarter. “The third quarter was another […]
Liberty Puerto Rico closed the second quarter and first half of the year with growth in subscriber additions and income as it continues to integrate its mobile operations. The company reported revenues of $360 million for the second quarter and $722 million for the first six months of 2021 ending in June. Liberty also reported […]
OFG Bancorp, the financial holding company of San Juan-based Oriental Bank, reported results for the fourth quarter and year ended Dec. 31, 2020, revealing $132.8 million and $519.3 million in revenue, respectively. While the result for the final three month period of last year showed a 35% increase from the versus $98.4 million reported during […]
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $167.4 million, or $0.76 per diluted share for the year ended Dec. 31, 2019, vs $201.6 million, or $0.92 per diluted share for the year ended Dec. 31, 2018. The drop was attributed a one-time $63 million benefit last year, which […]
Pharma-Bio Serv Inc., a compliance, project management and technology transfer support consulting firm based in Dorado announced revenue from continuing operations for the three and nine months ended July 31, 2019 of $5 million and $14.7 million, respectively. The results represent an increase of approximately $300,000 and $2.6 million, or 7% and 21%, respectively, when […]
Evertec Inc. announced results for the first quarter ended Mar. 31, 2019, reporting $118.8 million in revenue, an 8% growth compared with $110.3 million in the prior year. Revenue increase in the quarter reflected growth from elevated sales volumes in Puerto Rico and increased core banking transactions in part due to last year’s hurricane impacted […]
Liberty Puerto Rico added 31,000 revenue generating units (RGUs), or clients during the fourth quarter of 2018, and reported a 5 percent revenue growth for the entire Fiscal Year 2018, according to its most recent financial results. The results were driven in part by the company’s focus on providing products and services that represent a […]
Evertec Inc. announced results for the fourth quarter and full year ended Dec. 31, 2018, reporting net income of $20.2 million and $86.3 million, for the respective periods. During the last quarter of 2018, GAAP Net Income attributable to common shareholders represented or $0.27 per diluted share, compared with $5.8 million or $0.08 per diluted share […]
Oriental Financial Group Inc.'s conversion into a more traditional bank following the April 2010 acquisition of the defunct EuroBank seems to be going in the right direction, as on Monday the financial institution announced $9.5 million in income for the first quarter ended Mar. 31.
First BanCorp, parent of FirstBank Puerto Rico reported a net loss of $14.8 million for the fourth quarter of 2011, compared to a net loss of $24 million for the third quarter of 2011 and a net loss of $251.4 million for the same year-ago period in 2010.
Evertec Inc. reported Thursday that its total revenue increased by $7.4 million during the second quarter ended June 30, or 11 percent to $76.2 million, when compared to the same period in 2010, an improvement the company attributed in part to last year’s banking consolidation and certain improvements in the island’s economic activity.
Oriental Bank, one of only several financial institutions doing business in Puerto Rico that weathered last year’s banking debacle, reported $13.1 million in net income for the first quarter of 2011, up 4.7 percent from the same period last year.
Buoyed by a reduction in the island’s corporate tax rate and the sale of its equity stake in Consorcio de Tarjetas Dominicanas, S.A., Popular Inc. on Monday reported net income of $10.1 million for the first quarter ended March 31, an improvement over the net loss of $85.1 million during the same period the year before.
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