Popular(BPOP) - 2023 Q4 - Earnings Call Transcript

Consumer spending remained healthy. Combined credit and debit card sales fell by 1% compared to the fourth quarter of 2022, which was a historically strong quarter. Our auto loan and lease balances increased by $61 million compared to the third quarter as demand for new cars continue to be strong in Puerto Rico. Mortgage loan balances at BPPR increased by $103 million in the fourth quarter, driven primarily by home purchase activity and our strategy to retain FHA loans. Finally, IÂ'd like to take this oppor ...