Popular(BPOP) - 2024 Q4 - Earnings Call Presentation

Financial Highlights - Adjusted net income reached $646 million, a $59 million or 10% increase year-over-year[4] - Net Interest Margin (NIM) expanded by 11 bps to 3.24%, while Net Interest Margin FTE expanded by 18 bps to 3.49%[4] - Loans held in portfolio grew by $2.043 billion or 5.8%, primarily in commercial loans[4] - Total deposit costs increased by 39 bps, driven by P.R government deposits and high cost online deposits[4] - Tangible book value per share increased by $8.42 to $68.16[4] Credit Quality - Non-Performing Loan (NPL) ratio decreased by 7 bps to 0.95%[4] - Net Charge-Off (NCO) ratio was 0.68% compared to 0.44% in 2023[4] - Allowance for Credit Losses (ACL) to NPL ratio improved to 213% from 204% in 2023[4] Capital Actions - A $500 million common stock repurchase authorization was announced in Q3 2024[4] - $217 million was repurchased through the end of 2024 at an average price of $96.32 per share[4] - The quarterly common stock dividend increased from $0.62 to $0.70 per share beginning with the dividend declared in Q4[4]