Popular (BPOP) Tops Q1 EPS by $1.26

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Popular, Inc. Announces First Quarter 2021 Financial Results

April 28, 2021 8:00 AM EDT

Net income of $262.6 million in Q1 2021, compared to net income of $176.3 million in Q4 2020. Net interest margin of 3.07% in Q1 2021, compared to 3.04% in Q4 2020; net interest margin on a taxable equivalent basis of 3.39% in Q1 2021, compared to 3.35% in Q4 2020. Credit Quality: Non-performing loans held-in-portfolio (NPLs) decreased by $39.6 million from Q4 2020; NPLs to loans ratio at 2.4% vs. 2.5% in Q4 2020; Net charge-offs (NCOs) decreased by $21.0 million from Q4 2020; NCOs at 0.29% of average loans held-in-portfolio vs. 0.58% in Q4 2020; Allowance for credit losses (ACL) to loans held-in-portfolio at 2.75%... More