Popular (BPOP) Tops Q4 EPS by 31c
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Popular, Inc. Announces Fourth Quarter 2021 Financial Results
January 27, 2022 7:00 AM ESTNet 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... More
