| Business Summary | | Oriental
Financial
Group
is
a
financial
holding
that
provides
a
wide
variety
of
financial
services
through
its
subsidiaries.
Oriental
Bank
and
Trust
(the
Bank),
the
Group's
main
subsidiary,
is
a
full-service
commercial
bank
with
its
main
office
located
in
San
Juan,
Puerto
Rico
and
with
19
branches
located
throughout
the
island.
The
Bank
offers
mortgage,
commercial
and
consumer
lending,
saving
and
time
deposits
products,
financial
planning,
and
corporate
and
individual
trust
services.
Oriental
Financial
Services
Corp.
(OFSC),
the
Group's
other
subsidiary,
is
engaged
in
brokerage
and
investment
advisory
services.
Oriental
Mortgage
Corp.
is
the
Bank's
subsidiary
engaged
in
mortgage
banking
activities
and
services.
The
Group
has
three
reportable
segments:
Retail
Banking,
Financial
Services
and
Mortgage
Banking. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Oriental
Financial
Group
is
the
bank
holding
company
for
Oriental
Bank
and
Trust.
For
the
nine
months
ended
3/31/01,
total
interest
income
fell
5%
to
$88.8
million.
Net
interest
income
after
loan
loss
prov.
fell
43%
to
$16.7
million.
Net
income
applicable
to
Com.
before
acct.
change
fell
80%
to
$3.7
million.
Net
interest
income
reflects
the
sale
of
leases,
unsecured
loans
and
higher
interest
expenses
due
to
higher
borrowing
volumes.
Net
income
reflects
$3
million
in
losses
due
to
Derivative
activities. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
31,500;
after
tax
earnings
were
3,108. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Jose Fernandez, 57 Chairman,
Pres and CEO | $658K | -- | Rafael Valladares, 43 CFO,
Controller | 224K | -- | Eli Diaz, 54 Exec.
VP | 302K | $37K | Marcial Diaz, 37 Exec.
VP in charge of Oriental Mortgage Corp. | -- | -- | Jose Fernandez, 37 Exec.
VP | 290K | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|