Sabadell United Bank of Miami reports earnings

Sabadell United Bank on Friday reported $44.9 million in net income for 2013, up 50 percent from the $30 million in net income reported for 2012. The 2013 figure includes a $22 million one-time benefit recorded in the third quarter, attributable to a tax basis change, the bank said.

Sabadell United said its loan portfolio rose to 19 percent during the year to $2.6 billion and deposits grew 1 percent to reach $3.1 billion.

Sabadell United Bank has $3.9 billion in assets and 23 locations throughout Florida.

Read more Business stories from the Miami Herald

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category