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Jun 30, 2020
Popular Q2 2020 Earnings Report
Popular Inc. reported net income of $127.6 million for Q2 2020.
Key Takeaways
Popular, Inc. reported a net income of $127.6 million for the quarter ended June 30, 2020, compared to $34.3 million for the previous quarter. The results were significantly impacted by the COVID-19 pandemic. Total assets increased by $10.0 billion to $62.8 billion due to a rise in deposits.
Net income of $127.6 million in Q2 2020, compared to net income of $34.3 million in Q1 2020.
Net interest margin of 3.25% in Q2 2020, compared to 3.94% in Q1 2020.
Non-performing loans held-in-portfolio decreased by $8.5 million from Q1 2020.
Common Equity Tier 1 ratio of 15.70% at June 30, 2020.
Revenue by Geographic Location
Forward Guidance
The Corporation currently expects its consolidated ETR to be within the 14% to 17% range for the remainder of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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