The bank also reported quarter-over-quarter growth. #NewsismyBusiness
Puerto Rico’s economy is strong enough to mitigate the recent interest rate increases implemented by the Federal Reserve to fight inflation in the U.S. economy, First BanCorp. CEO Aurelio Alemán said. #NewsismyBusiness
Net interest income reached $200.9 million for the first quarter of 2023, compared to $185.6 million for the first quarter of 2022, and $205.5 million for the quarter ended Dec. 31, 2022. #NewsismyBusiness