BPOP earnings
Popular Inc. (BPOP) earnings releases and earnings dates - real-time wire coverage of every quarterly report.
Recent earnings items
- Popular, Inc. Announces First Quarter 2026 Financial ResultsNet income of $245.7 million in Q1 2026, compared to net income of $233.9 million in Q4 2025. Compared to adjusted net income in Q4 2025 of $224.2 million, which excluded a $9.7 million, net of tax, partial reversal of the FDIC special assessment reserve, net income increased by $21.5 million when compared to Q4 2025. Earnings per share ("EPS") of $3.78 in Q1 2026 vs. $3.53 in Q4 2025. Net interest income of $670.2 million in Q1 2026, an increase of $12.6 million compared to Q4 2025: Net interest margin of 3.66% in Q1 2026, compared to 3.61% in Q4 2025; net interest margin on a taxable equivalent basis of 4.14% in Q1 2026, compared to 4.03% in Q4 2025. Non-interest inco
- Popular, Inc. to Report First Quarter Results and Hold Conference Call on Thursday, April 23, 2026Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the first quarter ending March 31, 2026, before the market opens on Thursday, April 23, 2026. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Following the live webcast, a replay will be archived in the investor relations section of Popular's website. About Popular, Inc. Popular, Inc. is the leading financial institution by both assets and deposits in Puerto Rico and ranks a
- Popular, Inc. Announces Fourth Quarter 2025 Financial ResultsNet income of $233.9 million in Q4 2025, compared to net income of $211.3 million in Q3 2025. Excluding the partial reversal of the FDIC special assessment reserve of $9.7 million, net of tax, adjusted net income for the fourth quarter of 2025 was $224.2 million. Earnings per share ("EPS") of $3.53 in Q4 2025 vs. $3.15 in Q3 2025. Net income of $833.2 million for the year 2025, compared to net income of $614.2 million for the year 2024. Excluding the partial reversal of the FDIC special assessment reserve, adjusted net income for 2025 was $823.5 million, compared to adjusted net income of $646.1 million in 2024, which excluded expenses incurred in connection to the FDIC spec
- Popular, Inc. to Report Fourth Quarter Results and Hold Conference Call on Tuesday, January 27, 2026Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the fourth quarter ending December 31, 2025, before the market opens on Tuesday, January 27, 2026. Popular will hold a 60-minute conference call to discuss the financial results the same day at 10:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1 833 470 1428 (Toll
- Popular, Inc. Announces Third Quarter 2025 Financial ResultsNet income of $211.3 million in Q3 2025, compared to net income of $210.4 million in Q2 2025. Earnings per share ("EPS") of $3.15 in Q3 2025 vs. $3.09 in Q2 2025. Net interest income of $646.5 million in Q3 2025, an increase of $15.0 million compared to Q2 2025: Net interest margin of 3.51% in Q3 2025, compared to 3.49% in Q2 2025; net interest margin on a taxable equivalent basis of 3.90% in Q3 2025, compared to 3.85% in Q2 2025. Non-interest income of $171.2 million in Q3 2025, compared to $168.5 million in Q2 2025. Operating expenses amounted to $495.3 million, compared to $492.8 million in Q2 2025. Credit quality metrics: Non-performing loans held-in-portfolio (
- Popular, Inc. to Report Third Quarter Results and Hold Conference Call on Thursday, October 23, 2025Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the third quarter ending September 30, 2025, before the market opens on Thursday, October 23, 2025. Popular will hold a 60-minute conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (To
- Popular, Inc. Announces Second Quarter 2025 Financial ResultsNet income of $210.4 million in Q2 2025, compared to net income of $177.5 million in Q1 2025. Earnings per share ("EPS") of $3.09 in Q2 2025 vs. $2.56 in Q1 2025. Net interest income of $631.5 million in Q2 2025, an increase of $25.9 million when compared to Q1 2025. Net interest margin of 3.49% in Q2 2025, compared to 3.40% in Q1 2025; net interest margin on a taxable equivalent basis of 3.85% in Q2 2025, compared to 3.73% in Q1 2025. Non-interest income of $168.5 million in Q2 2025, compared to $152.1 million in Q1 2025. Operating expenses amounted to $492.8 million, compared to $471.0 million in Q1 2025. Credit quality metrics improved: Non-performing loans held-
- Popular, Inc. to Report Second Quarter Results and Hold Conference Call on Wednesday, July 23, 2025Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the second quarter ending June 30, 2025, before the market opens on Wednesday, July 23, 2025. Popular will hold a 60-minute conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Fre
- Popular, Inc. Announces First Quarter 2025 Financial ResultsNet income of $177.5 million in Q1 2025, compared to net income of $177.8 million in Q4 2024. EPS of $2.56 in Q1 2025 vs. $2.51 in Q4 2024. Net interest income of $605.6 million in Q1 2025, an increase of $14.8 million when compared to Q4 2024. Net interest margin of 3.40% in Q1 2025, compared to 3.35% in Q4 2024; net interest margin on a taxable equivalent basis of 3.73% in Q1 2025, compared to 3.62% in Q4 2024. Non-interest income of $152.1 million in Q1 2025, compared to $164.7 million in Q4 2024. Operating expenses amounted to $471.0 million, compared to $467.6 million in Q4 2024. Credit quality metrics improved: Non-performing loans held-in-portfolio ("NPLs") decreased
- Popular, Inc. to Report First Quarter Results and Hold Conference Call on Wednesday, April 23, 2025Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the first quarter ending March 31, 2025, before the market opens on Wednesday, April 23, 2025. Popular will hold a 60-minute conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free
- Popular, Inc. Announces Fourth Quarter 2024 Financial ResultsNet income of $177.8 million in Q4 2024, compared to net income of $155.3 million in Q3 2024. Net income of $614.2 million for the year 2024, compared to net income of $541.3 million for the year 2023. Excluding expenses incurred in connection with the FDIC Special Assessment and prior period tax withholdings, the adjusted net income for 2024 was $646.1 million, compared to $586.6 million in 2023, which also excluded FDIC Special Assessment expenses. Net interest income of $590.8 million in Q4 2024, an increase of $18.3 million when compared to Q3 2024. Net interest margin of 3.35% in Q4 2024, compared to 3.24% in Q3 2024; net interest margin on a taxable equivalent basis of 3.62%
- Popular, Inc. to Report Fourth Quarter Results and Hold Conference Call on Tuesday, January 28, 2025Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the fourth quarter ending December 31, 2024, before the market opens on Tuesday, January 28, 2025. Popular will hold a conference call to discuss the financial results the same day at 10:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) or
- Popular, Inc. Announces Third Quarter 2024 Financial ResultsNet income of $155.3 million in Q3 2024, compared to net income of $177.8 million in Q2 2024. Net interest income of $572.5 million, an increase of $4.2 million compared to Q2 2024. Net interest margin of 3.24% in Q3 2024, compared to 3.22% in Q2 2024; net interest margin on a taxable equivalent basis of 3.47% in Q3 2024, compared to 3.48% in Q2 2024. Non-interest income of $164.1 million, compared to $166.3 million in Q2 2024. Operating expenses amounted to $467.3 million, down by $2.3 million when compared to Q2 2024. Credit quality metrics remained stable: Non-performing loans held-in-portfolio ("NPLs") increased by $19.6 million from Q2 2024; NPLs to loans ratio remained fl
- Popular, Inc. to Report Third Quarter Results and Hold Conference Call on Wednesday, October 23, 2024Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the second quarter ending June 30, 2024, before the market opens on Wednesday, October 23, 2024. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) or +1-
- Popular, Inc. Announces Second Quarter 2024 Financial ResultsNet 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 Q1 2024. Non-interest income of $166.3 million,
- Popular, Inc. to Report Second Quarter Results and Hold Conference Call on Wednesday, July 24, 2024Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the second quarter ending June 30, 2024, before the market opens on Wednesday, July 24, 2024. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) or +1-4
- Popular, Inc. Announces First Quarter 2024 Financial ResultsNet income of $103.3 million in Q1 2024, compared to net income of $94.6 million in Q4 2023. Q1 2024 results include an after-tax impact of $9.1 million related to the FDIC Special Assessment compared to $45.3 million in Q4 2023, as well as a $22.9 million expense related to taxes due from prior period distributions from the Corporation's U.S. based subsidiary, as explained further below. Excluding the after-tax impact of the FDIC Special Assessment and the tax expense related to prior period intercompany distributions, adjusted net income was $135.2 million and $139.9 million for Q1 2024 and Q4 2023, respectively. Net interest income amounted to $550.7 million, an increase of $16
- Popular, Inc. to Report First Quarter Results and Hold Conference Call on Tuesday, April 23, 2024Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the first quarter ending March 31, 2024, before the market opens on Tuesday, April 23, 2024. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) or +1-40
- Popular, Inc. Announces Fourth Quarter 2023 Financial ResultsNet income of $94.6 million in Q4 2023, compared to net income of $136.6 million in Q3 2023; excluding the $45.3 million after-tax impact during the fourth quarter of the FDIC Special Assessment (defined below), adjusted net income was $139.9 million. Net income of $541.3 million for the year 2023, compared to net income of $1.1 billion for the year 2022. Excluding the effects of the FDIC Special Assessment, the adjusted net income for the year 2023 was $586.6 million, compared to an adjusted net income of $807.8 million for the year 2022, excluding the effects of the partial release of $68.2 million of the deferred tax asset valuation allowance and the $226.6 million impact of the comp
- Popular, Inc. to Report Fourth Quarter Results and Hold Conference Call on Thursday, January 25, 2024Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the fourth quarter ending December 31, 2023, before the market opens on Thursday, January 25, 2024. Popular will hold a conference call to discuss the financial results the same day at 10:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) o
- Popular, Inc. Announces Third Quarter 2023 Financial ResultsNet income of $136.6 million in Q3 2023, including an after-tax goodwill impairment charge in our U.S. based equipment leasing subsidiary of $16.4 million, compared to net income of $151.2 million in Q2 2023. Net interest income amounted to $534.0 million, an increase of $2.4 million compared to Q2 2023. Net interest margin of 3.07% in Q3 2023, compared to 3.14% in Q2 2023; net interest margin on a taxable equivalent basis of 3.24% in Q3 2023, compared to 3.29% in Q2 2023. Non-interest income of $159.5 million, or $1.0 million lower than in Q2 2023. Operating expenses amounted to $466.0 million, an increase of $5.7 million compared to Q2 2023, including a non-cash goodwill impa
- Popular, Inc. to Report Third Quarter Results and Hold Conference Call on Thursday, October 26, 2023Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the third quarter ending September 30, 2023, before the market opens on Thursday, October 26, 2023. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) o
- Popular, Inc. to Report Second Quarter Results and Hold Conference Call on Wednesday, July 26, 2023Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the second quarter ending June 30, 2023, before the market opens on Wednesday, July 26, 2023. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) or +1-404
- Popular, Inc. to Report First Quarter Results and Hold Conference Call on Wednesday, April 26, 2023Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the first quarter ending March 31, 2023, before the market opens on Wednesday, April 26, 2023. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) or +1-40
- Popular, Inc. Announces Fourth Quarter 2022 Financial ResultsNet 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 equivalent basis of 3.64% in Q4 2022, compared to 3.71% in Q3 2022. Credit Quality: Non-per
- Popular, Inc. to Report Fourth Quarter Results and Hold Conference Call on Wednesday, January 25, 2023Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the fourth quarter ending December 31, 2022, before the market opens on Wednesday, January 25, 2023. Popular will hold a conference call to discuss the financial results the same day at 10:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number 1-844-200-6205 (Toll Free) or
- Popular, Inc. Announces Third Quarter 2022 Financial ResultsNet income of $422.4 million in Q3 2022, compared to net income of $211.4 million in Q2 2022; excluding the impact of the Evertec Transactions (as defined below) and related accounting adjustments during the third quarter, net income was $195.8 million. Net interest margin of 3.32% in Q3 2022, compared to 3.09% in Q2 2022; net interest margin on a taxable equivalent basis of 3.71% in Q3 2022, compared to 3.45% in Q2 2022. Credit Quality: Non-performing loans held-in-portfolio ("NPLs") decreased by $24.5 million from Q2 2022; NPLs to loans ratio at 1.4% vs. 1.6% in Q2 2022; Net charge-offs ("NCOs") increased by $12.2 million from Q2 2022; annualized NCOs at 0.24% of average loans he
- Popular, Inc. to Report Third Quarter Results and Hold Conference Call on Wednesday, October 26, 2022Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the third quarter ending September 30, 2022, before the market opens on Wednesday, October 26, 2022. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number 1-844-200-6205 (Toll Free) or
- Popular, Inc. Announces Second Quarter 2022 Financial ResultsNet income of $211.4 million in Q2 2022, compared to net income of $211.7 million in Q1 2022. Net interest margin of 3.09% in Q2 2022, compared to 2.75% in Q1 2022; net interest margin on a taxable equivalent basis of 3.45% in Q2 2022, compared to 3.05% in Q1 2022. Credit Quality: Non-performing loans held-in-portfolio ("NPLs") decreased by $42.0 million from Q1 2022; NPLs to loans ratio at 1.6% vs. 1.8% in Q1 2022; Net charge-offs ("NCOs") increased by $2.3 million from Q1 2022; annualized NCOs at 0.08% of average loans held-in-portfolio vs. 0.05% in Q1 2022; Allowance for credit losses ("ACL") to loans held-in-portfolio at 2.24% vs. 2.29% in Q1 2022; and ACL to NPLs at 142.7%
- Popular, Inc. to Report Second Quarter Results and Hold Conference Call on Thursday, July 28, 2022Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the second quarter ending June 30, 2022, before the market opens on Thursday, July 28, 2022. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number 1-844-200-6205 (Toll Free) or 1-646-90
- Popular, Inc. Announces First Quarter 2022 Financial ResultsNet 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 losses ("ACL") to loans held-in-portfolio at 2.29% vs. 2.38% in Q4 2021; an
- Popular, Inc. to Report First Quarter Results and Hold Conference Call on Tuesday, April 26, 2022Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the first quarter ending March 31, 2022, before the market opens on Tuesday, April 26, 2022. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number 1-844-200-6205 (Toll Free) or 1-646-90
- Popular, Inc. Announces Fourth Quarter 2021 Financial ResultsNet income of $206.1 million in Q4 2021, compared to net income of $248.1 million in Q3 2021. Net income of $934.9 million for the year 2021, compared to net income of $506.6 million for the year 2020. Net interest margin of 2.78% in Q4 2021, compared to 2.77% in Q3 2021; net interest margin on a taxable equivalent basis of 3.02% in Q4 2021, compared to 3.04% in Q3 2021. Credit Quality: Non-performing loans held-in-portfolio ("NPLs") decreased by $85.0 million from Q3 2021; NPLs to loans ratio at 1.9% vs. 2.2% in Q3 2021; Net charge-offs ("NCOs") was a net recovery of $7.9 million, a favorable variance by $16.7 million from Q3 2021; NCOs at (0.11%) of average loans held-in-portfo
- Popular, Inc. to Report Fourth Quarter Results and Hold Conference Call on Thursday, January 27, 2022Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the fourth quarter ending December 31, 2021, before the market opens on Thursday, January 27, 2022. Popular will hold a conference call to discuss the financial results the same day at 10:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number 1-844-200-6205 (Toll Free) or 1
- Popular, Inc. Announces Third Quarter 2021 Financial ResultsNet income of $248.1 million in Q3 2021, compared to net income of $218.1 million in Q2 2021. Net interest margin of 2.77% in Q3 2021, compared to 2.91% in Q2 2021; net interest margin on a taxable equivalent basis of 3.04% in Q3 2021, compared to 3.22% in Q2 2021. Credit Quality: Non-performing loans held-in-portfolio ("NPLs") decreased by $52.3 million from Q2 2021; NPLs to loans ratio at 2.2% vs. 2.4% in Q2 2021; Net charge-offs ("NCOs") increased by $10.1 million from Q2 2021; NCOs at 0.12% of average loans held-in-portfolio vs. (0.02%) in Q2 2021; Allowance for credit losses ("ACL") to loans held-in-portfolio at 2.49% vs. 2.70% in Q2 2021; and ACL to NPLs at 113.6% vs. 114
- Popular, Inc. to Report Third Quarter Results and Hold Conference Call on Wednesday, October 20, 2021Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the third quarter ending September 30, 2021, before the market opens on Wednesday, October 20, 2021. Popular will hold a conference call to discuss the financial results the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number 1-844-200-6205 (Toll Free) or
- Popular, Inc. Announces Second Quarter 2021 Financial ResultsNet income of $218.1 million in Q2 2021, compared to net income of $262.6 million in Q1 2021. Net interest margin of 2.91% in Q2 2021, compared to 3.07% in Q1 2021; net interest margin on a taxable equivalent basis of 3.22% in Q2 2021, compared to 3.39% in Q1 2021. Credit Quality: Non-performing loans held-in-portfolio ("NPLs") decreased by $13.0 million from Q1 2021; NPLs to loans ratio at 2.4% flat from Q1 2021; Net charge-offs ("NCOs") was a net recovery of $1.3 million, a favorable variance by $22.3 million from Q1 2021; NCOs at (0.02)% of average loans held-in-portfolio vs. 0.29% in Q1 2021; Allowance for credit losses ("ACL") to loans held-in-portfolio at 2.70% vs. 2.75% in