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Sep 30, 2020
Popular Q3 2020 Earnings Report
Popular Inc. reported net income for Q3 2020, reflecting economic rebound and prudent risk management.
Key Takeaways
Popular, Inc. reported a net income of $168.4 million for the quarter ended September 30, 2020. The results reflect the economic rebound fueled by federal stimulus, diversified revenue sources, and prudent risk management.
Net income was $168.4 million in Q3 2020, compared to $127.6 million in Q2 2020.
Net interest margin was 3.06% in Q3 2020, compared to 3.25% in Q2 2020.
Non-performing loans held-in-portfolio decreased by $25.8 million from Q2 2020.
Net charge-offs decreased by $48.1 million from Q2 2020.
Revenue by Geographic Location
Forward Guidance
The Corporation currently expects its consolidated ETR to be within the 19% to 22% range for the fourth quarter of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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