Popular (BPOP) Tops Q2 EPS by 38c

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Go back to Popular (BPOP) Tops Q2 EPS by 38c

Popular, Inc. Announces Second Quarter 2024 Financial Results

July 24, 2024 7:00 AM EDT

Net income of $177.8 million in Q2 2024, compared to net income of $103.3 million in Q1 2024. Excluding the impact of certain transactions from the results of operations for the first quarter of 2024 (FDIC Special Assessment and prior period tax withholdings), net income in Q2 2024 increased by $42.6 million when compared to adjusted net income of $135.2 million in Q1 2024. Net interest income amounted to $568.3 million, an increase of $17.6 million compared to Q1 2024. Net interest margin of 3.22% in Q2 2024, compared to 3.16% in Q1 2024; net interest margin on a taxable equivalent basis of 3.48% in Q2 2024, compared to 3.38% in... More