earnings
confidence high
sentiment positive
materiality 0.75
Popular Q1 net income $177.5M, EPS $2.56; CEO Alvarez to step down June 30
POPULAR, INC.
2025-Q1 EPS reported
$2.56
revenue$39,054,000
- Net income $177.5M, flat vs Q4; diluted EPS $2.56 vs $2.51.
- Net interest income $605.6M (+$14.8M QoQ); NIM 3.40%, tax-equivalent 3.73%.
- Non-performing loans down $36.7M; net charge-off ratio improved to 0.53% annualized.
- Deposits grew $934.9M to $65.8B; loans up $146.4M to $37.3B.
- CEO Ignacio Alvarez to retire June 30, 2025; successor Javier named.