Popular (BPOP) Misses Q4 EPS by 35c

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Go back to Popular (BPOP) Misses Q4 EPS by 35c

Popular, Inc. Announces Fourth Quarter 2018 Financial Results

January 23, 2019 8:00 AM EST

Net income of $106.4 million and an adjusted net income of $134.1 million for the fourth quarter of 2018, compared to a net income of $140.6 million for Q3 2018. Net income of $618.2 million and an adjusted net income of $487.3 million for the year 2018, compared to $107.7 million and an adjusted net income of $276.0 million for the year 2017. Net interest margin of 4.25% in Q4 2018, compared to 4.07% in Q3 2018. Credit Quality: Non-performing loans held-in-portfolio (NPLs) decreased by $21.4 million from Q3 2018; NPLs to loans ratio at 2.3% vs. 2.4% in Q3 2018;... More