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Sep 30, 2022
Popular Q3 2022 Earnings Report
Popular's performance reflected strong loan growth and an expansion of net interest margin.
Key Takeaways
Popular, Inc. reported a net income of $422.4 million for Q3 2022. Excluding the effects of the Evertec Transactions, net income was $195.8 million.
Net income of $422.4 million in Q3 2022, compared to net income of $211.4 million in Q2 2022.
Net interest margin of 3.32% in Q3 2022, compared to 3.09% in Q2 2022.
Non-performing loans held-in-portfolio decreased by $24.5 million from Q2 2022; NPLs to loans ratio at 1.4% vs. 1.6% in Q2 2022.
Common Equity Tier 1 ratio of 16.04% at September 30, 2022.
Popular
Popular
Popular Revenue by Geographic Location
Forward Guidance
The Corporation expects its ETR for the year 2022 to be within a range from 17% to 20%.