Popular (BPOP) Tops Q2 EPS by 24c
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Popular, Inc. Announces Second Quarter 2022 Financial Results
July 28, 2022 8:00 AM EDTNet 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... More
