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Mar 31, 2023
Popular Q1 2023 Earnings Report
Reported strong financial results for Q1 2023.
Key Takeaways
Popular, Inc. reported a net income of $159.0 million for the quarter ended March 31, 2023. The company's diversified business model, strong deposit base, and robust capital and liquidity positions contributed to the strong results. Loans increased by $260.6 million, while deposit balances decreased by $273.3 million.
Net income was $159.0 million in Q1 2023.
Net interest margin was 3.22% in Q1 2023.
Loans increased by $260.6 million from Q4 2022.
Deposit balances decreased by $273.3 million from Q4 2022.
Revenue by Geographic Location
Forward Guidance
The Corporation expects its ETR for the year 2023 to be within a range from 21% to 26%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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