Popular, Inc. Announces Fourth Quarter 2022 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 $257.1 million in Q4 2022, compared to net income of $422.4 million in Q3 2022; the results of Q4 2022 included a tax benefit of $68.2 million related to the partial release of the deferred tax valuation allowance in the U.S., while the Q3 2022 results included the benefit of the Evertec Transactions (as defined below) and related accounting adjustments of $226.6 million.Net income of $1.1 billion for the year 2022, compared to net income of $934.9 million for the year 2021.Net interest margin of 3.28% in Q4 2022, compared to 3.32% in Q3 2022; net interest margin on a taxable equivalent basis of 3.64% in Q4 2022, compared to 3.71% in Q3 2022.Credit Quality:Non-performing loans held-in-portfolio (“NPLs”) decreased by $14.0 million from Q3 2022; NPLs to loans ratio remained flat at 1.4%;Net charge-offs (“NCOs”) increased by $13 million from Q3 2022; annualized NCOs at 0.39% of average loans held-in-portfolio vs. 0.24% in Q3 2022;Allowance for credit losses (“ACL”) to loans
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News
- 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
- Popular, Inc. (NASDAQ:BPOP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Popular, Inc. (NASDAQ: BPOP) had its price target raised by analysts at Hovde Group from $112.00 to $113.00. They now have an "outperform" rating on the stock.MarketBeat
BPOP
Earnings
- 4/23/24 - Miss
BPOP
Sec Filings
- 4/23/24 - Form 8-K
- 4/8/24 - Form 3
- 4/3/24 - Form 4
- BPOP's page on the SEC website