Popular (BPOP) Posts Q2 EPS of $5.79

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Go back to Popular (BPOP) Posts Q2 EPS of $5.79

Popular, Inc. Announces Second Quarter Financial Results

July 24, 2015 8:00 AM EDT

Reports net income of $597.5 million for the quarter, reflecting the impact of the partial reversal of the valuation allowance of the deferred tax asset from its U.S. operations of $544.9 million Adjusted net income of $90.1 million, compared to an adjusted net income of $90.3 million for the previous quarter Net interest margin of 4.54% in Q2 2015 vs. 4.57% in Q1 2015 Credit Quality (excluding covered loans): Non-performing loans held-in-portfolio (NPLs) decreased by $89.0 million from Q1 2015; NPLs to loans ratio at 2.6% vs. 3.2% in Q1 2015;... More