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Sep 30, 2021
Popular Q3 2021 Earnings Report
Popular Inc. reported a strong third quarter with increased net income and a reserve release.
Key Takeaways
Popular, Inc. reported a net income of $248.1 million for the quarter ended September 30, 2021, driven by a reserve release of $61 million. The results reflect strong credit quality performance and a positive economic outlook.
Net income reached $248.1 million, boosted by a $61 million reserve release.
Net interest margin stood at 2.77%.
Non-performing loans held-in-portfolio decreased by $52.3 million from the previous quarter.
Completed $350 million accelerated repurchase program and announced the redemption of $187 million in high-cost trust preferred securities.
Popular
Popular
Popular Revenue by Geographic Location
Revenue by Geographic Location
Puerto Rico Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements based on management’s current expectations and involves risks, uncertainties, estimates and assumptions.