▪ U.S. loan balances increased by $340 million YoY • Favorable credit risk profile with low level of NCOs, NPLs, criticized and classified loans • Non-performing loans held-in-portfolio at $10 million in Q4 2024, decreasing by $6 million QoQ; NPLs to loans ratio at 0.2% in Q4 2023 • Allowance for credit losses to loans held-in-portfolio at 1.29% in Q4 2023 vs. 1.33% in Q3 2023 • ACL to NPLs increased to 664% in Q4 2023 $ in millions 22 Retail 35% Hotels 20% Office Space 12% Shelters 11% Health Facility 6% M ...

Popular, Inc. (NASDAQ:BPOP) Q4 2023 Earnings Conference Call January 25, 2024 10:00 AM ET Company Participants Paul Cardillo - Investor Relations Officer Ignacio Alvarez - Chief Executive Officer Javier Ferrer - Chief Operating Officer Carlos Vazquez - Chief Financial Officer Lidio Soriano - Chief Risk Officer Jorge Jose García - Principal Accounting Officer, Senior Vice President & Comptroller Conference Call Participants Timur Braziler - Wells Fargo Ben Gerlinger - Citi Alex Twerdahl - Piper Sandler Kelly ...

Popular (BPOP) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $3.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 84.76%. A quarter ago, it was expected that this company that runs Banco Popular and other banks in Puerto Rico and the U.S. Would post earnings of $1.89 per share when it actually produced earnings of $1.90, delivering a ...

This week’s busy earnings lineup features several top-rated Zacks stocks that may be flying under investors' radars leading up to their quarterly results on Thursday, January 25.With that being said, here are a few of these intriguing companies that investors will want to pay attention to as earnings approach.Eagle Materials (EXP) Concrete and cement supplier Eagle Materials has had a nice pathway to benefit from the booming Zacks Construction sector which is currently ranked second out of 16 Zacks sectors. ...

1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q [X] Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or [ ] Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-34084 POPULAR, INC. (Exact name of registrant as specified in its charter) Puerto Rico 66-0667416 (State or other jurisdiction of Incorporation or (IRS Employer I ...

Popular, Inc. (NASDAQ:BPOP) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Paul Cardillo - Investor Relations Ignacio Alvarez - President and CEO Carlos Vazquez - CFO Lidio Soriano - CRO Conference Call Participants Timur Braziler - Wells Fargo Securities Brett Rabatin - Hovde Group Alexander Twerdahl - Piper Sandler Broderick Preston - UBS Kelly Motta - KBW Operator Hello, and welcome to today's Popular Inc. 3Q Earnings Call. My name is Jordan, and I'll be coordinating y ...

INVESTOR PRESENTATION Third Quarter 2023 Quarter Highlights • Net income of $153 million, excluding after-tax goodwill impairment charge of $16 million • Deposits decreased $667 million, mainly P.R. Government deposits • Common Equity Tier 1 capital ratio decreased 6 basis points (bps) to 16.81% Business Highlights Earnings • Loans increased by $642 million QoQ across most business segments: ▪ Commercial loans increased $311 million ▪ Mortgage loans increased $121 million ▪ Auto loans and leases increased $ ...

The weighted average yield on debt securities available-for-sale is based on amortized cost; therefore, it does not give effect to changes in fair value. Securities not due on a single contractual maturity date, such as mortgage-backed securities and collateralized mortgage obligations, are classified based on the period of final contractual maturity. The expected maturities of collateralized mortgage obligations, mortgage-backed securities and certain other securities may differ from their contractual matu ...

Popular, Inc. (NASDAQ:BPOP) Q2 2023 Earnings Conference Call July 26, 2023 11:00 AM ET Company Participants Paul Cardillo - Senior Vice President and Investor Relations Officer Ignacio Alvarez - President and Chief Executive Officer Carlos Vazquez - Executive Vice President and Chief Financial Officer Lidio Soriano - Executive Vice President and Chief Risk Officer Jorge Garcia - Senior Vice President and Corporate Comptroller Conference Call Participants Timur Braziler - Wells Fargo Securities Broderick Pre ...

Note 10 – Mortgage banking activities Note 11 – Transfers of financial assets and mortgage servicing assets | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|-------|-----------|-------|-----------|-------|-----------|---------|--------------| | (In thousands) \nAssets | | Level 1 | | Level 2 | | Level 3 | Initial | Fair Value | | Trading account debt securities: | | | | | | | | | | Mortgage-backed securities - GNMA | $ | - | $ | 77,894 | $ | - | $ | 77 ...