Popular (BPOP) Tops Q1 EPS by 24c
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Popular, Inc. Announces First Quarter 2019 Financial Results
April 18, 2019 8:00 AM EDTNet income of $167.9 million in Q1 2019, compared to net income of $106.4 million and adjusted net income of $134.1 million in Q4 2018. Net interest margin of 4.20% in Q1 2019, compared to 4.25% in Q4 2018. Credit Quality: Non-performing loans held-in-portfolio (NPLs) decreased by $24.9 million from Q4 2018; NPLs to loans ratio at 2.2% vs. 2.3% in Q4 2018; Net charge-offs (NCOs) decreased by $46.4 million from Q4 2018; NCOs at 0.92% of average loans held-in-portfolio vs. 1.63% in Q4 2018; Allowance for loan losses to loans held-in-portfolio at 2.07% vs. 2.15% in Q4 2018; and... More
