Popular (BPOP) Misses Q3 EPS by 10c
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Popular, Inc. Announces Third Quarter Financial Results
October 23, 2015 8:00 AM EDTReports net income of $85.6 million for the quarter Adjusted net income of $93.4 million, compared to an adjusted net income of $90.1 million for the previous quarter Net interest margin of 4.39% in Q3 2015 vs. 4.54% in Q2 2015 Credit Quality (excluding covered loans): Non-performing loans held-in-portfolio (NPLs) increased by $58.9 million from Q2 2015; NPLs to loans ratio at 2.8% vs. 2.6% in Q2 2015; Net charge-offs (NCOs) were 0.83% of average loans held-in-portfolio vs. 0.89% in Q2 2015; NCOs amounted to $46.3 million, relatively flat quarter over quarter;... More
