Popular Q3 Earnings Miss on Higher Provisions, Revenues Rise Y/Y [Yahoo! Finance]
Popular, Inc. (BPOP)
Last popular, inc. earnings: 4/30 08:00 am
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Source: Yahoo! Finance
Find the latest earnings estimates and surprises on the Zacks Earnings Calendar The results were primarily affected by higher provisions and deteriorating capital position. Nonetheless, a rise in net interest income (NII), fee income and lower expenses were tailwinds. Total quarterly revenues were $736.6 million, which missed the Zacks Consensus Estimate of $748.9 million. Nonetheless, the top line rose 6.2% from the year-ago quarter. Quarterly NII was $572.5 million, up 7.2% year over year. However, the net interest margin shrunk 17 basis points to 3.24%. Non-interest income increased 2.8% year over year to $164.1 million. The rise was primarily due to an increase in service charges on deposit accounts, other service fees, net gain on trading account debt securities and adjustments to indemnity reserves on loans sold. Total operating expenses declined marginally year over year to $467.3 million. As of Sept. 30, 2024, total loans held-in-portfolio increased 1.7% on a sequ
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News
- Popular Rewards Shareholder with 12.9% Hike in Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- Popular, Inc. Declares a Cash Dividend of $0.70 per Common Share [Yahoo! Finance]Yahoo! Finance
- Popular, Inc. Declares a Cash Dividend of $0.70 per Common ShareBusiness Wire
- Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred SecuritiesBusiness Wire
- Popular, Inc. (NASDAQ: BPOP) had its price target lowered by analysts at Royal Bank of Canada from $108.00 to $96.00. They now have an "outperform" rating on the stock.MarketBeat
BPOP
Earnings
- 10/23/24 - Miss
BPOP
Sec Filings
- 11/19/24 - Form 4
- 11/15/24 - Form 8-K
- 11/14/24 - Form SC
- BPOP's page on the SEC website