Popular (BPOP) Posts Q3 EPS of $0.44/Share
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Popular, Inc. Announces Third Quarter Financial Results
October 25, 2016 8:02 AM EDTNet income of $46.8 million for the third quarter of 2016 and Adjusted net income of $94.6 million Net interest margin of 4.12% in Q3 2016, compared to 4.33% in Q2 2016 Credit Quality (excluding covered loans): Non-performing loans held-in-portfolio (NPLs) increased by $1.6 million from Q2 2016; NPLs to loans ratio stable at 2.6% QoQ; Net charge-offs (NCOs) remained flat at $35.1 million; NCOs at 0.63% of average loans held-in-portfolio flat at Q3 2016; Allowance for loan losses of $525.6 million vs. $518.1 million in Q2 2016; Allowance for loan losses to loans... More
