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Dec 31, 2023
Popular Q4 2023 Earnings Report
Popular, Inc. reported solid Q4 2023 financial results, marked by a net income of $94.6 million.
Key Takeaways
Popular, Inc. reported a net income of $94.6 million for Q4 2023. The results reflect stable net interest income and loan growth, offset by an FDIC Special Assessment impact. Credit quality saw some normalization in consumer portfolios but remained strong overall.
Net income for Q4 2023 was $94.6 million, or $139.9 million excluding the FDIC Special Assessment impact.
Net interest income remained stable with loan growth of approximately $1 billion during the quarter.
Credit quality saw some normalization in consumer portfolios, but remained strong.
The CET1 ratio at year-end was 16.3%, and tangible equity increased by 33%.
Revenue by Geographic Location
Forward Guidance
The Corporation expects its ETR for the year 2024 to be within a range from 19% to 23%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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