Popular (BPOP) Tops Q3 EPS by 20c

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Go back to Popular (BPOP) Tops Q3 EPS by 20c

Popular, Inc. Announces Third Quarter 2018 Financial Results

October 24, 2018 8:00 AM EDT

Net income of $140.6 million for the third quarter of 2018, compared to a net income of $279.8 million and an adjusted net income of $121.3 million for Q2 2018 Net interest margin of 4.07% in Q3 2018, compared to 3.81% in Q2 2018 Credit Quality: Non-performing loans held-in-portfolio (NPLs) decreased by $10.7 million from Q2 2018; NPLs to loans ratio at 2.4% vs. 2.6% in Q2 2018; Net charge-offs (NCOs) increased by $6.1 million; NCOs at 1.00% of average loans held-in-portfolio vs. 0.95% in Q2 2018; Provision expense of $54.4 million vs. $60.1 million in Q2 2018;... More