Core Insights - The author transitioned from a traditional financial career to focus on personal finance education through online platforms [1] Group 1 - The author has a strong educational background in finance, holding a bachelor's degree in finance-marketing, a CFP title, and an MBA in financial services [1] - The author has over a decade of experience in the financial industry, starting in 2003 and working in private banking for five years [1] - In 2016, the author took a significant personal journey traveling across North America and Central America, which influenced the decision to leave the financial industry [1] Group 2 - The author founded investing websites to help others with personal finance, marking a shift from a corporate job to a more fulfilling career [1] - The journey included driving through nine countries and spending three months in Costa Rica, which was described as an eye-opening adventure [1] - The decision to quit the traditional job was driven by a desire to spend more time with family while pursuing a passion for investing [1]

Core Insights - Denny's is launching new summer menu items including the Red, White & Berry Pancake Slam, Bacon Ranch Cheeseburger, Cookie Dough Lover's Pie, and Strawberry Sparkler beverage [1][4][5] - The company is extending its Buy One Slam, Get One for $1 promotion until June 8, allowing customers to enjoy two hearty breakfasts at a low cost [2][8] - Denny's is partnering with Cookies for Kids' Cancer, donating a portion of sales from the Kids Menu to support pediatric cancer research [7] Menu Highlights - The NEW Red, White & Berry Pancake Slam features buttermilk blueberry pancakes topped with strawberries, cream cheese icing, and whipped cream, served with eggs, hash browns, and a choice of bacon or sausage [3] - The NEW Bacon Ranch Cheeseburger includes a beef patty, Applewood-smoked bacon, ranch dressing, aged white cheddar, and is served with wavy-cut fries [4] - The NEW Cookie Dough Lover's Pie is a dessert made with chocolate chip cookie dough on a flaky crust, topped with vanilla ice cream and salted caramel [5] - The NEW Strawberry Sparkler is a refreshing drink made with a strawberry-lime blend and lemon-lime Sprite [4] Community Engagement - Denny's is committed to community support through initiatives like the Mobile Relief Diner and the Hungry for Education scholarship program [9] - The partnership with Cookies for Kids' Cancer aims to raise awareness and funds for pediatric cancer research, reflecting the company's dedication to social responsibility [7] Company Overview - Denny's operates 1,491 restaurants globally, with 1,430 being franchised and licensed, and 61 company-operated as of March 26, 2025 [10] - The brand has been in operation for over 70 years, focusing on providing value across various meal times [9]

Financial Performance - The Corporation's net income for Q1 2025 was $177.5 million, an increase of $74.2 million from $103.3 million in Q1 2024[305]. - Adjusted net income for the quarter ended March 31, 2024, was $135.2 million, reflecting a significant increase from U.S. GAAP net income of $103.3 million[314]. - For the quarter ended March 31, 2025, total income increased to $208,019,000, up 24% from $168,078,000 in the same quarter of 2024[427]. - Net income for the quarter ended March 31, 2025, was $194,098,000, representing a 52% increase compared to $127,864,000 in the prior year[427]. Interest Income and Margin - Net interest income reached $605.6 million, up $54.9 million compared to Q1 2024, with a net interest margin expansion of 24 basis points to 3.40%[307]. - Net interest income for the quarter ended March 31, 2025, was $605.6 million, an increase of $54.9 million compared to $550.7 million in the same quarter of 2024[323]. - Net interest margin for the first quarter of 2025 was 3.40%, an increase of 24 basis points from the previous year[323]. - Net interest income on a taxable equivalent basis for Q1 2025 was $663.9 million, up by $74.3 million from the same period in 2024[323]. Credit Quality and Losses - The provision for credit losses decreased to $64.1 million, down $8.5 million from Q1 2024, reflecting improved credit quality[307]. - For the quarter ended March 31, 2025, the Corporation recorded a provision for credit losses of $63.9 million, a decrease of $8.2 million compared to the same quarter of the previous year[331]. - The provision for loan losses was $52.7 million in 2025, down from $61.0 million in the same quarter of 2024, reflecting a favorable variance of $8.3 million[346]. - The allowance for credit losses (ACL) increased by $16.1 million to $762.1 million from December 31, 2024, driven by changes in economic scenario probability weights and qualitative reserves[478]. Operating Expenses - Operating expenses totaled $471.0 million, a decrease of $12.1 million compared to Q1 2024, driven by lower FDIC special assessments[307]. - Total operating expenses decreased by $12.1 million to $471.0 million for the quarter ended March 31, 2025, compared to $483.1 million in the same quarter of 2024[338]. - Technology and software expenses rose by $4.2 million due to higher software amortization related to transformation initiatives[337]. Assets and Liabilities - Total assets increased to $74.0 billion as of March 31, 2025, up $993.2 million from December 31, 2024, mainly due to higher AFS securities and loans[307]. - Total liabilities increased to $68.2 billion at March 31, 2025, an increase of $806.6 million compared to December 31, 2024[357]. - Loans held-in-portfolio increased by $146.4 million to $37.3 billion at March 31, 2025, compared to December 31, 2024[353]. Deposits and Equity - Deposits rose to $65.8 billion, an increase of $934.9 million from December 31, 2024, attributed to higher interest-bearing deposits[308]. - Stockholders' equity increased to $5.8 billion, up $186.6 million from December 31, 2024, with a tangible book value per share of $72.02[307]. - Average deposit balances grew by $1.6 billion, with Puerto Rico public deposits at $19.6 billion, up approximately $159.2 million from the previous quarter[358]. Non-Performing Assets - Non-Performing Assets (NPAs) decreased by $41.9 million from December 31, 2024, with Non-Performing Loans (NPLs) decreasing by $36.7 million[455]. - The ratio of NPLs to total loans held-in-portfolio improved to 0.84% as of March 31, 2025, down from 0.95% on December 31, 2024[456]. - The total non-performing loans held-in-portfolio amounted to $314,069 thousand, with an ACL to NPLs ratio of 242.67% as of March 31, 2025, up from 212.68% at the end of 2024[482]. Dividends and Share Repurchase - The Corporation repurchased 1,270,569 shares for $122.3 million at an average price of $96.24 per share during Q1 2025[301]. - Dividends declared per share increased to $0.70, reflecting a 13% rise compared to the previous quarter[302]. - During the quarter ended March 31, 2025, the Corporation declared cash dividends of $0.70 per share, totaling approximately $48 million[411]. Market and Economic Conditions - The U.S. Consumer Price Index showed a year-over-year increase of 2.4% as of March 2025, while Puerto Rico's Consumer Price Index increased by 1.8% over the 12 months ending in January 2025[435]. - The Corporation's financial flexibility may be adversely affected if the banking subsidiaries cannot maintain access to funding or if adequate funding is not available[400].

Group 1: Palantir Technologies - Palantir develops data analytics software for commercial and government sectors, with core platforms Gotham and Foundry that integrate complex data and machine learning models [2] - The company reported a 39% increase in revenue to $884 million and a 62% increase in non-GAAP earnings to $0.13 per diluted share, with total customers climbing 39% to 769 [4] - Despite strong financial results, the stock fell sharply due to concerns over valuation, with a forward price-to-sales ratio significantly higher than competitors [5][6] - Analysts have set a target price of $40 per share, indicating a 64% downside from the current price of $110 [10] Group 2: Upstart Holdings - Upstart provides an AI lending platform that automates credit decisions, considering over 2,500 variables compared to the traditional FICO score [8][9] - The company reported a 67% increase in revenue to $2.1 billion, with positive non-GAAP earnings of $0.30 per diluted share, up from a loss in the same quarter last year [11] - Analysts have set a target price of $15 per share for Upstart, implying a 67% downside from its current price of $46 [10] - The outlook for Upstart is mixed, with potential growth due to expected Federal Reserve rate cuts, but also risks from economic uncertainty and tariffs [13][14]

Group 1 - The loan growth of Popular, Inc. (BPOP) is expected to slow down this year but will remain positive, supporting the bottom line [1] - The average net interest margin for Popular, Inc. is anticipated to be higher this year compared to the previous year [1]

Group 1 - Samuel Smith has extensive experience in dividend stock research and investment, having served as lead analyst and Vice President at several firms [1] - He is a Professional Engineer and Project Management Professional with degrees in Civil Engineering & Mathematics and a Master's in Engineering focused on applied mathematics and machine learning [1] - Samuel leads the High Yield Investor investing group, collaborating with Jussi Askola and Paul R. Drake to balance safety, growth, yield, and value [2] Group 2 - High Yield Investor provides real-money core, retirement, and international portfolios, along with regular trade alerts and educational content [2] - The service includes an active chat room for like-minded investors, fostering community engagement and knowledge sharing [2]

Group 1 - High-yield stocks attract income-focused investors due to their potential for higher dividends compared to normal or low-yielding stocks [1] - The company invests significant resources, including thousands of hours and over $100,000 annually, into researching profitable investment opportunities [2] - The approach has resulted in over 180 five-star reviews from satisfied members who are experiencing benefits [2] Group 2 - The company offers high-yield strategies at a fraction of the cost, aiming to maximize returns for investors [2] - Immediate access to top investment picks is available for new members, highlighting the urgency of joining [1]

Core Viewpoint - Popular, Inc. (BPOP) reported a strong quarterly performance with adjusted earnings per share (EPS) of $2.56, exceeding expectations and showing significant year-over-year growth [1][2]. Financial Performance - The company's net income on a GAAP basis reached $177.5 million, reflecting a 71.9% increase year over year [2]. - Total quarterly revenues amounted to $757.7 million, surpassing the Zacks Consensus Estimate of $756.1 million and increasing by 6% from the previous year [3]. - Net interest income (NII) was reported at $605.6 million, a 10% rise year over year, with the net interest margin expanding by 24 basis points to 3.40% [3]. Income and Expenses - Non-interest income decreased by 7.2% year over year to $152.1 million, primarily due to lower income from mortgage banking activities and losses on equity securities [4]. - Total operating expenses fell by 2.5% year over year to $471 million, driven by reductions in personnel costs and other operating expenses [4]. Loans and Deposits - As of March 31, 2025, total loans held-in-portfolio increased slightly to $37.3 billion, while total deposits rose by 1.4% to $65.8 billion [5]. Credit Quality - The provision for credit losses was $64.1 million, down 11.7% from the prior year, indicating improved credit quality [6]. - Non-performing assets decreased by 15.8% year over year to $366.2 million, with the non-performing assets to total assets ratio improving to 0.49% [6]. Capital Ratios - As of March 31, 2024, the Common Equity Tier 1 capital ratio and Tier 1 capital ratio were 16.11% and 16.16%, respectively, showing a decline from the previous year [7]. Share Repurchase - In the reported quarter, the company repurchased 1,270,569 shares of common stock for a total of $222.3 million [8]. Strategic Outlook - The company is positioned to benefit from its business transformation efforts and modernization of customer channels, with an increase in loans and deposits strengthening its balance sheet [9].

Financial Data and Key Metrics Changes - Net interest income increased by $15 million, and net interest margin expanded by five basis points to 3.4%, primarily due to lower deposit costs [10][18] - Deposit balances grew by $935 million, with both banks contributing to the increase [11][20] - Tangible book value per share increased by nearly $4 to approximately $72, driven by quarterly net income and lower unrealized losses in the investment portfolio [12][30] - Total operating expenses were $471 million, an increase of $3 million compared to the previous quarter [24] Business Line Data and Key Metrics Changes - Loan balances increased by $146 million, primarily driven by the Commercial and Construction segments in Popular Bank [10][19] - Mortgage loan balances at Banco Popular increased by $136 million, driven primarily by home purchase activity [15] - Non-interest income was $152 million, a decrease of $13 million compared to the previous quarter [22] Market Data and Key Metrics Changes - The unemployment rate in Puerto Rico was 5.5%, remaining around all-time lows [14] - Combined credit and debit card sales for Banco Popular customers increased by approximately 6% compared to the first quarter of 2024 [15] - Passenger traffic at the San Juan International Airport increased by 11% during the quarter [16] Company Strategy and Development Direction - The company aims to continue its transformation efforts, focusing on strengthening its market-leading omnichannel experience and enhancing payment capabilities [71] - The ongoing disbursement of federal disaster recovery funds is expected to support economic activity in Puerto Rico for several years [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged recent market volatility due to tariff uncertainty but expressed confidence in the company's strong balance sheet and diversified business mix [13] - The company expects net interest income to increase by 7% to 9% this year, anticipating further net interest margin expansion [29] - Credit quality metrics improved during the first quarter, with lower early delinquencies and net charge-offs [32] Other Important Information - The company repurchased $122 million in shares at an average price of approximately $96 per share during the quarter [11][30] - The effective tax rate in the first quarter was 20%, with expectations for the year to be in the range of 19% to 21% [25] Q&A Session Summary Question: What are the implications of macro uncertainty and tariffs on investment in Puerto Rico? - Management noted that while the power grid is a concern, many industries, especially pharmaceuticals, are resilient and have their own power solutions [51][53] Question: Can you provide an update on deposit flows and seasonal growth? - Management indicated that deposit balances are about 35% higher on average compared to pre-pandemic levels, with positive momentum expected to continue [58][61] Question: What is the outlook for loan growth and potential payoffs? - Management acknowledged that while there is a positive outlook for loan growth, elevated payoffs and client uncertainty may temper growth expectations [120][121] Question: How does the company plan to achieve a sustainable 14% return on tangible common equity? - Management emphasized the need for execution across various areas, including deposit growth, expense control, and strategic decisions [136] Question: Will total fee income rebound after the recent decrease? - Management expects total fee income to increase, with guidance set between $155 million to $160 million per quarter for the year [144]

Financial Performance - Net income remained stable at $178 million in Q1 2025 compared to Q4 2024[4] - Net Interest Margin (NIM) increased by 5 bps to 3.40%[4] - Fully Taxable Equivalent (FTE) NIM expanded by 11 bps to 3.73%[4] - Earnings Per Share (EPS) increased to $2.56 from $2.51[4] Balance Sheet - Total deposits increased by $935 million, a 1.4% increase[6, 11] - Excluding P R public deposits, customer deposits increased by $776 million[11] - Loans held in portfolio increased by $146 million to $37,254 million[6] Credit Quality - Non-Performing Loans (NPLs) decreased by $37 million to $314 million[7, 11] - The NPL Ratio improved to 0.84% from 0.95% in Q4[7, 11] - Net Charge-Off (NCO) Ratio decreased to 0.53% from 0.74%[7, 11] Capital Actions - Repurchased $122 million of common stock at an average price of $96 24 per share[11] - Paid quarterly common stock dividend increased 13% to $0 70[11]