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Stock impact report

Popular, Inc. Announces Second Quarter 2019 Financial Results

Popular, Inc. (BPOP) 
Last popular, inc. earnings: 4/30 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: popular.com/en/investor-relations
Company Research Source: Business Wire
Net income of $171.1 million in Q2 2019, compared to net income of $167.9 million in Q1 2019.Net interest margin of 4.11% in Q2 2019, compared to 4.20% in Q1 2019.Credit Quality:Non-performing loans held-in-portfolio (“NPLs”) decreased by $21.8 million from Q1 2019; NPLs to loans ratio at 2.1% vs. 2.2% in Q1 2019;Net charge-offs (“NCOs”) decreased by $13.4 million from Q1 2019; NCOs at 0.71% of average loans held-in-portfolio vs. 0.92% in Q1 2019;Allowance for loan losses to loans held-in-portfolio at 2.01% vs. 2.07% in Q1 2019; andAllowance for loan losses to NPLs at 96.3% vs. 93.9% in Q1 2019.Common Equity Tier 1 ratio of 16.80%, Common Equity per Share of $58.63 and Tangible Book Value per Share of $51.44 at June 30, 2019. SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $171.1 million for the quarter ended June 30, 2019, compared to net income of $167.9 million for the quarter ended Marc Show less Read more
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