HATO REY, Puerto Rico (AP) _ Popular Inc. (BPOP) on Thursday reported fourth-quarter earnings of $175.9 million.
The Hato Rey, Puerto Rico-based bank said it had earnings of $2.10 per share.
The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $664.3 million in the period. Its revenue net of interest expense was $616.5 million, which beat Street forecasts.
For the year, the company reported profit of $504.9 million, or $5.87 per share. Revenue was reported as $2.37 billion.
Popular shares have decreased 2% since the beginning of the year. The stock has decreased 5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BPOP at https://www.zacks.com/ap/BPOP
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January 28, 2021 at 07:24PM
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