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Sep 30, 2023
Popular Q3 2023 Earnings Report
Reported a net income of $136.6 million for Q3 2023.
Key Takeaways
Popular, Inc. reported a net income of $136.6 million for the quarter ended September 30, 2023. The results include an after-tax goodwill impairment charge of $16.4 million. Net interest income increased slightly, while non-interest income decreased. Operating expenses increased, including a non-cash goodwill impairment charge.
Net income was $136.6 million, including a $16.4 million after-tax goodwill impairment charge.
Net interest income amounted to $534.0 million, a slight increase from the previous quarter.
Non-interest income totaled $159.5 million, a slight decrease from the previous quarter.
Loans increased by $998.4 million from the previous quarter.
Revenue by Geographic Location
Forward Guidance
The Corporation expects the ETR for the year 2023 to be within a range from 22% to 25%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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