Popular (BPOP) Posts Q4 Loss of $0.06/Share

Popular (NASDAQ: BPOP) reported Q4 EPS of ($0.06), which may note compare to the analyst estimate of $0.87.

Mr. Richard L. Carrión, Chairman of the Board and Chief Executive Officer, said: “Despite the impact of the adverse FDIC arbitrations, during 2016 we demonstrated the strength of our franchise by generating strong revenues and improving credit quality. We also continued to achieve strong loan growth in our U.S. business. As we announced today, we are pleased that the progress made during 2016 allowed us to increase our quarterly common stock dividend from $0.15 to $0.25 and establish a $75 million common stock repurchase program.”

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

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