Popular (NASDAQ: BPOP) reported Q1 EPS of $0.89, $0.08 better than the analyst estimate of $0.81.

• Net income of $92.9 million for the first quarter of 2017
• Net interest margin of 4.08% in Q1 2017, compared to 4.02% in Q4 2016
• Credit Quality (excluding covered loans):
  • Non-performing loans held-in-portfolio (NPLs) increased by $17.7 million from Q4 2016; NPLs to loans ratio stable at 2.5% from Q4 2016;
  • Net charge-offs (NCOs) decreased by $20.6 million; NCOs at 0.63% of average loans held-in-portfolio vs. 1.00% in Q4 2016;
  • Allowance for loan losses of $516.7 million vs. $510.3 million in Q4 2016; Allowance for loan losses to loans held-in-portfolio at 2.27% vs. 2.24% in Q4 2016;
  • Allowance for loan losses to NPLs at 89.8% vs. 91.5% in Q4 2016.
• Common Equity Tier 1 ratio of 16.33%, Common Equity per Share of $50.41 and Tangible Book Value per Share of $43.84 at March 31, 2017

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