Popular (BPOP) Posts Q4 Loss of $0.06/Share

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Go back to Popular (BPOP) Posts Q4 Loss of $0.06/Share

Popular, Inc. Announces Fourth Quarter Financial Results

January 24, 2017 8:01 AM EST

Net loss of $4.1 million and Adjusted net income of $88.5 million for the fourth quarter of 2016 Net income of $216.7 million and Adjusted net income of $358.1 million for the year 2016 Net interest margin of 4.02% in Q4 2016, compared to 4.12% in Q3 2016 Credit Quality (excluding covered loans): Non-performing loans held-in-portfolio (NPLs) decreased by $21.4 million from Q3 2016; NPLs to loans ratio stable at 2.5% vs. 2.6% in Q3 2016; Net charge-offs (NCOs) increased by $21.1 million; NCOs at 1.00% of average loans held-in-portfolio vs. 0.63% in Q3 2016;... More