Popular (BPOP) Tops Q4 EPS by 54c
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Popular, Inc. Announces Fourth Quarter 2020 Financial Results
January 28, 2021 7:00 AM ESTNet income of $176.3 million in Q4 2020, compared to net income of $168.4 million in Q3 2020. Net income of $506.6 million for the year 2020, compared to net income of $671.1 million for the year 2019. Net interest margin of 3.04% in Q4 2020, compared to 3.06% in Q3 2020; net interest margin on a taxable equivalent basis of 3.35% in Q4 2020, compared to 3.37% in Q3 2020. Credit Quality: Non-performing loans held-in-portfolio (NPLs) increased by $3.4 million from Q3 2020; NPLs to loans ratio remained flat at 2.5% vs. Q3 2020; Net charge-offs (NCOs) increased by $25.2 million from Q3 2020; NCOs at 0.58% of... More
