Blockchain and the Future of Auditing

If you are still wondering what blockchain is and what it means for accountants, you are not alone. Often considered synonymous with cryptocurrency, blockchain may actually open up accounting to the world of triple-entry accounting. This is something the profession...

First BanCorp: 3Q20 Earnings Review

First BanCorp reported 3Q20 net income to common shareholders of $27.9 million, compared to the $20.6 million recorded in 2Q20. On a per share basis, 3Q20 results were $0.13 compared to $0.09 in the prior quarter. There were several special items in 3Q20 results,...

Freedom Bank of Virginia: 3Q20 Earnings Review

Freedom Bank of Virginia reported 3Q20 net income of $2.6 million, up 68.9% compared to the $1.5 million posted in 2Q20 and up 176.2% over the $932k recorded in the year-ago period. This translates to 3Q20 earnings per share of $0.35 compared to $0.21 in 2Q20 and...

Popular, Inc: 3Q20 Earnings Review

Popular reported 3Q20 net income to common stockholders of $168.1 million, up 32.0% compared to the $127.3 million posted in 2Q20. On a per share basis, BPOP reported earnings of $2.00 compared to $1.49 in 2Q20. The 3Q20 results exceeded our $1.38 estimate and the...

Howard Bancorp: 3Q20 Earnings Review

Howard Bancorp reported 3Q20 net income of $4.6 million compared to the 2Q20 net loss of $(29.4) million. This translates to EPS of $0.25 in 3Q20 compared to $(1.57) in 2Q20. The 3Q20 results were free of any significant one-time or irregular items, but there were...

Contact Us