Popular (BPOP) Posts Q2 EPS of $2.73
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Popular, Inc. Announces Second Quarter 2018 Financial Results
July 23, 2018 8:00 AM EDTNet income of $279.8 million and adjusted net income of $121.3 million for the second quarter of 2018, compared to a net income of $91.3 million for Q1 2018 Net interest margin of 3.81% in Q2 2018, compared to 3.89% in Q1 2018 Credit Quality (excluding loans previously classified as covered loans in prior period): Non-performing loans held-in-portfolio (NPLs) increased by $36.4 million from Q1 2018; NPLs to loans ratio at 2.6% vs. 2.5% in Q1 2018; Net charge-offs (NCOs) increased by $5.1 million; NCOs at 0.95% of average loans held-in-portfolio vs. 0.90% in Q1 2018;... More
