Popular (BPOP) Tops Q4 EPS by 15c
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Popular, Inc. Announces Fourth Quarter 2019 Financial Results
January 28, 2020 8:00 AM ESTNet income of $166.8 million in Q4 2019, compared to net income of $165.3 million in Q3 2019. Net income of $671.1 million for the year 2019, compared to net income and adjusted net income for the year 2018 of $618.2 million and $487.3 million, respectively. Net interest margin of 3.83% in Q4 2019, compared to 4.00% in Q3 2019. Credit Quality: Non-performing loans held-in-portfolio (NPLs) decreased by $30.0 million from Q3 2019; NPLs to loans ratio at 1.9% vs. 2.1% in Q3 2019; Net charge-offs (NCOs) increased by $14.0 million from Q3 2019; NCOs at 1.21% of average loans held-in-portfolio vs. 1.01% in Q3... More
