Popular (BPOP) Tops Q2 EPS by 57c
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Popular, Inc. Announces Second Quarter 2020 Financial Results
July 23, 2020 8:00 AM EDTNet income of $127.6 million in Q2 2020, compared to net income of $34.3 million in Q1 2020. Net interest margin of 3.25% in Q2 2020, compared to 3.94% in Q1 2020; Net interest margin on a taxable equivalent basis of 3.56% in Q2 2020, compared to 4.34% in Q1 2020. Credit Quality: Non-performing loans held-in-portfolio (NPLs) decreased by $8.5 million from Q1 2020; NPLs to loans ratio at 2.6% vs. 2.8% in Q1 2020; Net charge-offs (NCOs) increased by $2.4 million from Q1 2020; NCOs at 0.92% of average loans held-in-portfolio vs. 0.91% in Q1 2020; Allowance for credit losses (ACL) to loans... More
