Popular Q3 net income $422.4M includes $226.6M Evertec gain; core $195.8M

POPULAR, INC.

2022-Q3 EPS reported $11.07

Net income $422.4M ($5.71 basic EPS) vs Q2 $211.4M; adjusted net income $195.8M excluding Evertec gain.
Net interest margin expanded to 3.32% from 3.09% QoQ; taxable-equivalent NIM 3.71%.
NPL ratio improved to 1.4% from 1.6%; net charge-offs annualized 0.24% vs 0.08% Q2.
CET1 ratio 16.04%; tangible book value per share $38.69 at September 30, 2022.
Completed $400M ASR; new $231M ASR entered; transferred $6.5B securities from AFS to HTM.

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