Popular (BPOP) Tops Q1 EPS by 8c
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Popular, Inc. Announces First Quarter Financial Results
April 25, 2017 8:01 AM EDTNet income of $92.9 million for the first quarter of 2017 Net interest margin of 4.08% in Q1 2017, compared to 4.02% in Q4 2016 Credit Quality (excluding covered loans): Non-performing loans held-in-portfolio (NPLs) increased by $17.7 million from Q4 2016; NPLs to loans ratio stable at 2.5% from Q4 2016; Net charge-offs (NCOs) decreased by $20.6 million; NCOs at 0.63% of average loans held-in-portfolio vs. 1.00% in Q4 2016; Allowance for loan losses of $516.7 million vs. $510.3 million in Q4 2016; Allowance for loan losses to loans held-in-portfolio at 2.27% vs. 2.24% in Q4 2016;... More
