Popular (BPOP) Misses Q1 EPS by 1c

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Go back to Popular (BPOP) Misses Q1 EPS by 1c

Popular, Inc. Announces First Quarter Financial Results

April 27, 2015 8:01 AM EDT

Reports net income of $74.8 million for the quarter and adjusted net income of $90.3 million Net interest margin of 4.57% in Q1 2015 vs. adjusted net interest margin of 4.70% in Q4 2014 On February 27, 2015, completed acquisition of certain assets and assumption of all deposits (other than certain brokered deposits) from the FDIC as receiver for Doral Bank Credit Quality (excluding covered loans): Non-performing loans held-in-portfolio (NPLs) increased by $34.5 million from Q4 2014; Quarter over Quarter increase includes $16.6 million attributable to loans previously serviced by Doral... More