Fabrib
Forumer storico
Popular (NASDAQ:BPOP): Q2 GAAP EPS of $1.76 beats by $0.20.
Revenue of $614.64M (+12.5% Y/Y) misses by $5.58M.
Revenue of $614.64M (+12.5% Y/Y) misses by $5.58M.
- Net income of $171.1 million in Q2 2019, compared to net income of $167.9 million in Q1 2019.
- Net interest margin of 4.11% in Q2 2019, compared to 4.20% in Q1 2019.
- Credit Quality:
- Non-performing loans held-in-portfolio (“NPLs”) decreased by $21.8 million from Q1 2019; NPLs to loans ratio at 2.1% vs. 2.2% in Q1 2019;
- Net charge-offs (“NCOs”) decreased by $13.4 million from Q1 2019; NCOs at 0.71% of average loans held-in-portfolio vs. 0.92% in Q1 2019;
- Allowance for loan losses to loans held-in-portfolio at 2.01% vs. 2.07% in Q1 2019; and
- Allowance for loan losses to NPLs at 96.3% vs. 93.9% in Q1 2019.
- Common Equity Tier 1 ratio of 16.80%, Common Equity per Share of $58.63 and Tangible Book Value per Share of $51.44 at June 30, 2019.
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