Popular Posts $266.3 Million in Q3 Profit as GAAP EPS Beats Estimate
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Popular, Inc. recorded third-quarter net income of $266.3 million, up from $211.3 million a year earlier, while diluted GAAP earnings per share exceeded analyst consensus by 26 cents. The quarter ended Sept. 30. Diluted GAAP EPS was $4.21, compared with a $3.95 consensus. Net interest income reached $698.9 million, versus $646.5 million in the year-earlier quarter. The provision for credit losses declined to $58.6 million from $75.1 million. Noninterest income grew to $175.7 million from $171.2 million, while operating expenses reached $505.6 million, compared with $495.3 million a year earlier.
Source: TokenPost
