Puerto Rico Economic Report & Opportunity Survey

Post-Hurricane Expansion Stalls Some, but Reasons for Optimism RemainThe past several months have seen significant activity in Puerto Rico in a number of important areas, including government leadership, fiscal order, government reform, demographic and economic, and...

OFG Bancorp 3Q19 Earnings Review

OFG: Noisy Quarter Hides Favorable Trends; Raising EPS Estimates and Target Price; Reiterating Outperform Rating. OFG reported 3Q19 net income to common shareholders of $7.4 million, down 69.2% compared to the $22.4 million posted in 2Q19. On a per share basis, 3Q19...

Howard Bancorp, Inc. 3Q19 Earnings Review

HBMD: Loan Growth and Expense Control Counter Some NIM Pressures; Raising Estimates and Target Price; Reaffirming Neutral Rating. Howard Bancorp reported a 3Q19 net income of $4.6 million, up 122.1% compared to 2Q19 net income of $2.1 million. This translates to EPS...

Fulton Financial Corporation 3Q19 Earnings Review

FULT: Reduced NIM Outlook Leads to Lower EPS Estimates; Reducing Target Price, Reaffirming Neutral Rating. Fulton reported 3Q19 net income of $62.1 million or $0.37 per share, up 3.9% compared to the $59.8 million or $0.35 in 2Q19. Reported 3Q19 results exceeded our...

First BanCorp Acquisition Announced

FBP: Solid Organic Growth Should Be Boosted by Pending Acquisition of Banco Santander Puerto Rico; Raising EPS Estimates and Price Target; Upgrading to Outperform Rating. First BanCorp announced an agreement to acquire Banco Santander Puerto Rico (BSPR) in an all-cash...

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