Doral Financial Corp. of San Juan, Puerto Rico, said that it would be late filing its annual report with regulators.
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The $12 billion-asset Doral has been trying to remain current in its financial filings since it uncovered accounting errors for mortgage sales in early 2005. The errors led it to restate earnings for 2002 through 2004.
On Friday it confirmed in a regulatory disclosure that it would report a loss of at least $117 million for last year, compared with a profit of $13.2 million for 2005.
Earlier in the week, in preliminary fourth-quarter numbers filed with the Federal Reserve Board, Doral said it swung to a $51 million loss for the period, compared with a $1.7 million profit a year earlier.
