Popular (BPOP) Tops Q4 EPS by 93c

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Go back to Popular (BPOP) Tops Q4 EPS by 93c

Popular, Inc. Announces Fourth Quarter 2022 Financial Results

January 25, 2023 7:30 AM EST

Net income of $257.1 million in Q4 2022, compared to net income of $422.4 million in Q3 2022; the results of Q4 2022 included a tax benefit of $68.2 million related to the partial release of the deferred tax valuation allowance in the U.S., while the Q3 2022 results included the benefit of the Evertec Transactions (as defined below) and related accounting adjustments of $226.6 million. Net income of $1.1 billion for the year 2022, compared to net income of $934.9 million for the year 2021. Net interest margin of 3.28% in Q4 2022, compared to 3.32% in Q3 2022; net interest margin on a taxable... More