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Stock impact report

Popular Q1 Earnings & Revenues Beat on Higher NII, Stock Rises 5.9% [Yahoo! Finance]

Popular, Inc. (BPOP) 
Last popular, inc. earnings: 4/30 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: popular.com/en/investor-relations
Company Research Source: Yahoo! Finance
Its first-quarter 2025 adjusted earnings per share (EPS) of $2.56 surpassed the Zacks Consensus Estimate of $2.26. The bottom line compared favorably with $1.43 reported in the year-ago quarter. The results benefited from a rise in net interest income (NII) and loans and deposit balances. Decline in operating expenses seems encouraging in the quarter. Improvement in BPOP's credit quality was another positive factor. However, a decline in fee income is a headwind. The company's net income (GAAP basis) came in at $177.5 million, which jumped 71.9% year over year. Total quarterly revenues were $757.7 million, which beat the Zacks Consensus Estimate of $756.1 million. Further, the top line rose 6% from the year-ago quarter. Quarterly NII was $605.6 million, up 10% year over year. Also, the net interest margin (non-taxable equivalent basis) expanded 24 basis points to 3.40%. Non-interest income decreased 7.2% year over year to $152.1 million. The fall was primarily due to a decre Show less Read more
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