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 25, 2016 8:02 AM EDT

Net income of $85.0 million for the first quarter of 2016 Stable net interest margin of 4.43%, compared to 4.42%, or 4.39% on an adjusted basis, in Q4 2015 Credit Quality (excluding covered loans): Non-performing loans held-in-portfolio (NPLs) decreased by $2.3 million from Q4 2015; NPLs to loans ratio remained flat at 2.7% from Q4 2015; Net charge-offs (NCOs) at 0.76% of average loans held-in-portfolio vs. 1.48% in Q4 2015; NCOs decreased by $40.4 million quarter over quarter;

Allowance for loan losses of $508.4 million vs. $502.9 million in Q4 2015; Allowance for loan losses to loans held-in-portfolio at 2.26% vs. 2.25% in Q4... More