Business

TotalBank reports higher net income in first quarter

Luis de la Aguilera, CEO of TotalBank.
Luis de la Aguilera, CEO of TotalBank. THE MIAMI HERALD

TotalBank’s net income for the first quarter of 2015 rose to $3.74 million, up from $2.25 million in the first quarter of 2014, the Miami-based bank announced Friday.

Loans were up $40 million for the quarter, with $33 million of that growth coming from the bank’s residential mortgage division. The bank has more than $2.7 billion in total assets and operates 19 branches, all in Miami-Dade County.

It is owned by Grupo Banco Popular Español, of Spain.

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