Popular (BPOP) Reports Q2 EPS of 85c
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Popular, Inc. Announces Second Quarter Financial Results
July 26, 2016 8:03 AM EDTNet income of $89.0 million and adjusted net income of $90.6 million for the second quarter of 2016 Net interest margin of 4.33% or 4.31% on an adjusted basis in Q2 2016, compared to 4.43% in Q1 2016 Credit Quality (excluding covered loans): Non-performing loans held-in-portfolio (NPLs) decreased by $21.8 million from Q1 2016; NPLs to loans ratio at 2.6% vs. 2.7% Q1 2016; Net charge-offs (NCOs) decreased by $7.0 million quarter-over-quarter; NCOs at 0.63% of average loans held-in-portfolio vs. 0.76% in Q1 2016; Allowance for loan losses of $518.1 million vs. $508.4 million in Q1 2016; Allowance for... More
