Popular, Inc. reports Q3 net income of $136.6M, includes $16.4M goodwill impairment

POPULAR, INC.

2023-Q3 EPS reported $6.21

Net income $136.6M vs $151.2M Q2; includes $16.4M after-tax goodwill impairment in equipment leasing unit.
Net interest income $534.0M, up $2.4M; NIM 3.07% (3.24% taxable-equivalent basis).
Non-performing loans decreased $24.0M; NCOs increased $8.7M; ACL to loans 2.09%.
Loans increased $998.4M; deposits decreased $667.2M; CET1 ratio 16.81%.
CEO notes strong Puerto Rico economic activity; crossed 2 million unique customers milestone.

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 0.9

POPULAR, INC. reported the quarter ended September 30, 2023 results: net income net income of $136.6 million, EPS Net income per common share-diluted $1.90.

Period: the quarter ended September 30, 2023
Net income: net income of $136.6 million
EPS: Net income per common share-diluted $1.90
Result: reported results

Exact text from the filing

On October 26, 2023, Popular, Inc. (the “Corporation”) issued a press release announcing its unaudited financial results for the quarter ended September 30, 2023

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

POPULAR, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-263554

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