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Popular

🇵🇷 NASDAQ:BPOP

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Overview Earnings Dividends

Apr 23, 2024

•

Mar 31, 2024

Popular Q1 2024 Earnings Report

Popular, Inc. reported solid earnings for Q1 2024, benefiting from a stable deposit base and increased net interest income.

Key Takeaways

Popular, Inc. reported a net income of $103.3 million for Q1 2024. The results reflect a solid earnings performance, with a 3% increase in net interest income and an expansion of the net interest margin by eight basis points. Credit quality remained stable during the quarter.

Net income for Q1 2024 was $103.3 million.

Net interest income increased by $16.6 million compared to Q4 2023.

Net interest margin increased to 3.16% compared to 3.08% in Q4 2023.

Credit quality remained stable with trends similar to recent periods.

Total Revenue

$551M

Previous year: $532M

+3.6%

EPS

$1.88

Previous year: $2.22

-15.3%

Net Interest Margin

3.16%

Previous year: 3.22%

-1.9%

Common Equity Tier 1 Ratio

16.36%

Previous year: 16.73%

-2.2%

Common Equity per Share

$71.3

Previous year: $61.8

+15.4%

Cash and Equivalents

$328M

Previous year: $462M

-28.9%

Free Cash Flow

$108M

Previous year: $117M

-8.0%

Total Assets

$70.9B

Previous year: $67.7B

+4.8%

Popular Revenue by Geographic Location

Revenue by Geographic Location

Puerto Rico Revenue

CapyFin.com

United States Revenue

CapyFin.com

Forward Guidance

The Corporation expects its ETR for the year 2024 to be within a range from 21% to 23%.

Company Overview

Full financial data and analysis

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