In Brief: Profits Jump 61% at FirstBank Puerto Rico

FirstBank Puerto Rico's earnings jumped 61% last year to a record $49.1 million.

Fourth-quarter earnings were up 22.6%.

FirstBank Puerto Rico, which has $2.4 billion of assets, attributed jump in the full-year figure mostly to an $8.5 million securities gain and the sale of a Florida subsidiary. Operational core earnings excluding these gains rose 22.1%, the bank said.

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