Popular (BPOP) Tops Q1 EPS by 39c

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Go back to Popular (BPOP) Tops Q1 EPS by 39c

Popular, Inc. Announces First Quarter 2022 Financial Results

April 26, 2022 8:00 AM EDT

Net income of $211.7 million in Q1 2022, compared to net income of $206.1 million in Q4 2021. Net interest margin of 2.75% in Q1 2022, compared to 2.78% in Q4 2021; net interest margin on a taxable equivalent basis of 3.05% in Q1 2022, compared to 3.02% in Q4 2021. Credit Quality: Non-performing loans held-in-portfolio (NPLs) decreased by $28.0 million from Q4 2021; NPLs to loans ratio at 1.8% vs. 1.9% in Q4 2021; Net charge-offs (NCOs) were $3.8 million, compared to a net recovery of $7.9 million in Q4 2021; NCOs at 0.05% of average loans held-in-portfolio vs. (0.11%) in Q4 2021; Allowance for credit... More