Popular (BPOP) Tops Q3 EPS by 80c
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Popular, Inc. Announces Third Quarter 2020 Financial Results
October 28, 2020 8:00 AM EDTNet income of $168.4 million in Q3 2020, compared to net income of $127.6 million in Q2 2020. Net interest margin of 3.06% in Q3 2020, compared to 3.25% in Q2 2020; net interest margin on a taxable equivalent basis of 3.37% in Q3 2020, compared to 3.56% in Q2 2020. Credit Quality: Non-performing loans held-in-portfolio (NPLs) decreased by $25.8 million from Q2 2020; NPLs to loans ratio at 2.5% vs. 2.6% in Q2 2020; Net charge-offs (NCOs) decreased by $48.1 million from Q2 2020; NCOs at 0.24% of average loans held-in-portfolio vs. 0.92% in Q2 2020; Allowance for credit losses (ACL) to loans held-in-portfolio at 3.15%... More
