The Puerto Rican lender posted a depletion attributable to common shareholders of $6.7 million, or 12 cents a share, compared with a collapse of $45.8 million, or $8.49 a share, latest year.
Analysts on standard had expected a injury of 20 cents a share, before unique items, according to Reuters Estimates. Net intrigue profit rose 41 percent to $48.9 million. The proviso for credit and contract losses flatten about 44 percent to $10.7 million from a year ago, when the company's bad-loan equipment rose by $8.8 million as it transferred $1.3 billion of loans from the loans held for buying portfolio to the loans receivable portfolio.
The boost in participation revenue was driven in constituent by a $6.8 million reduction in deposits costs and accustomed deteriorate in provoke rates, the circle said in a statement. Shares of the company, which touched a merry of $16.70 earlier in the day, were trading up $2.23 at $16.17 Friday matutinal on the New York Stock Exchange.
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