Popular (BPOP) Tops Q2 EPS by 63c
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Popular, Inc. Announces Second Quarter 2021 Financial Results
July 22, 2021 8:00 AM EDTNet 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... More
