Popular Q4 net income $257.1M; full-year 2022 record $1.1B; transfers $6.5B to HTM

POPULAR, INC.

2022-FY EPS reported $14.63

Net income $257.1M in Q4 vs $422.4M Q3; included $68.2M tax benefit from partial DTA release.
Full-year 2022 net income $1.1B vs $934.9M 2021; diluted EPS $14.63 vs $11.46.
Net interest margin 3.28% (3.64% taxable equivalent) vs 3.32% Q3; NCOs annualized 0.39% vs 0.24%.
Transferred $6.5B fair value U.S. Treasury securities from AFS to HTM; $873M unrealized loss in AOCI.
Completed ASR for 3.18M shares at avg $72.66; quarterly dividend raised to $0.55 per share.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

POPULAR, INC. reported the year 2022 results: net income $1.1 billion.

Period: the year 2022
Net income: $1.1 billion
Result: reported results

Exact text from the filing

Net income of $1.1 billion for the year 2022, compared to net income of $934.9 million for the year 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

POPULAR, INC. reported the quarter ended December 31, 2022 results: net income $257.1 million.

Period: the quarter ended December 31, 2022
Net income: $257.1 million
Result: reported results

Exact text from the filing

Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $257.1 million for the quarter ended December 31, 2022, compared to net income of $422.4 million for the quarter ended September 30, 2022.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

POPULAR, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-014744

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