Popular (BPOP) Posts Q3 EPS of $0.44/Share

October 25, 2016 8:15 AM EDT

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Popular (NASDAQ: BPOP) reported Q3 EPS of $0.44, which may note compare to the the analyst estimate of $0.88.

  • Net income of $46.8 million for the third quarter of 2016 and Adjusted net income of $94.6 million
  • Net interest margin of 4.12% in Q3 2016, compared to 4.33% in Q2 2016
  • Credit Quality (excluding covered loans):
    • Non-performing loans held-in-portfolio (NPLs) increased by $1.6 million from Q2 2016; NPLs to loans ratio stable at 2.6% QoQ;
    • Net charge-offs (NCOs) remained flat at $35.1 million; NCOs at 0.63% of average loans held-in-portfolio flat at Q3 2016;
    • Allowance for loan losses of $525.6 million vs. $518.1 million in Q2 2016; Allowance for loan losses to loans held-in-portfolio at 2.33% vs. 2.30% in Q2 2016;
    • Allowance for loan losses to NPLs at 90.7% vs. 89.7% in Q2 2016.
  • Common Equity Tier 1 ratio of 16.64%, Book Value per Common Share of $51.85 and Tangible Book Value per Share of $44.86 at September 30, 2016

For earnings history and earnings-related data on Popular (BPOP) click here.

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