Popular, Inc. Announces First Quarter 2024 Financial Results
Popular, Inc. (BPOP)
Last popular, inc. earnings: 4/30 08:00 am
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US:NASDAQ Investor Relations:
popular.com/en/investor-relations
Company Research
Source: Business Wire
Net income of $103.3 million in Q1 2024, compared to net income of $94.6 million in Q4 2023.Q1 2024 results include an after-tax impact of $9.1 million related to the FDIC Special Assessment compared to $45.3 million in Q4 2023, as well as a $22.9 million expense related to taxes due from prior period distributions from the Corporation’s U.S. based subsidiary, as explained further below.Excluding the after-tax impact of the FDIC Special Assessment and the tax expense related to prior period intercompany distributions, adjusted net income was $135.2 million and $139.9 million for Q1 2024 and Q4 2023, respectively.Net interest income amounted to $550.7 million, an increase of $16.6 million compared to Q4 2023.Net interest margin of 3.16% in Q1 2024, compared to 3.08% in Q4 2023; net interest margin on a taxable equivalent basis of 3.38% in Q1 2024, compared to 3.26% in Q4 2023.Non-interest income of $163.8 million, compared to $168.7 million in Q4 2023.Operating expenses amounted to $48
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News
- Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred SecuritiesBusiness Wire
- Are You Looking for a High-Growth Dividend Stock? [Yahoo! Finance]Yahoo! Finance
- Popular, Inc. (NASDAQ: BPOP) had its price target raised by analysts at Barclays PLC from $99.00 to $105.00. They now have an "overweight" rating on the stock.MarketBeat
- Popular, Inc. (NASDAQ: BPOP) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $110.00 price target on the stock, up previously from $103.00.MarketBeat
- Popular, Inc. (NASDAQ: BPOP) had its price target raised by analysts at Wells Fargo & Company from $105.00 to $115.00. They now have an "overweight" rating on the stock.MarketBeat
BPOP
Earnings
- 4/23/24 - Miss
BPOP
Sec Filings
- 5/3/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- BPOP's page on the SEC website