Popular Q4 net income $94.6M; adjusted $139.9M; dividend up 13% to $0.62

POPULAR, INC.

2023-FY EPS reported $7.52

Q4 2023 net income $94.6M ($1.31 EPS) vs Q3 $136.6M ($1.90 EPS); adjusted $139.9M excluding FDIC special assessment.
FY 2023 net income $541.3M ($7.53 EPS) vs FY 2022 $1.1B ($14.65 EPS); adjusted $586.6M.
Net interest income $534.2M flat QoQ; NIM 3.08% stable; loans grew $1.0B, deposits up $280.6M in quarter.
NPL ratio improved to 1.0% from 1.1%; NCOs annualized 0.66% vs 0.39%; ACL to loans 2.08%.
Quarterly dividend increased 13% to $0.62/sh from $0.55; CET1 ratio 16.3%; tangible book value $59.74.

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 December 31, 2023 results: net income $94.6 million.

Period: the quarter ended December 31, 2023
Net income: $94.6 million
Result: reported results

Exact text from the filing

Popular, Inc. (the “Corporation”) issued a press release announcing its unaudited financial results for the quarter ended December 31, 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 0001193125-24-014836

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