Popular (BPOP) Tops Q4 EPS by 40c
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Popular, Inc. Announces Fourth Quarter Financial Results
January 26, 2016 8:01 AM ESTNet income of $137.4 million and adjusted net income of $98.3 million for the fourth quarter Net income of $895.3 million and adjusted net income of $374.8 million for the year ended December 31, 2015 Net interest margin for the quarter of 4.42% and adjusted net interest margin of 4.39%, flat when compared to Q3 2015 Credit Quality (excluding covered loans): Non-performing loans held-in-portfolio (NPLs) decreased by $33.1 million from Q3 2015; NPLs to loans ratio at 2.7% vs. 2.8% in Q3 2015; Net charge-offs (NCOs) were 1.48% of average loans... More
