Popular, Inc. (BPOP)

Popular Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,576	2,332	1,876	1,748	1,742	1,803
Interest Income on Investments	1,045	913.65	589.75	374.81	349.16	457.83
Total Interest Income	3,621	3,245	2,466	2,123	2,092	2,261
Interest Paid on Deposits	1,340	1,050	252.85	111.62	175.86	304.86
Interest Paid on Borrowings	55.66	63.76	45.71	53.43	59.08	64.24
Total Interest Expense	1,395	1,114	298.55	165.05	234.94	369.1
Net Interest Income	2,226	2,132	2,167	1,958	1,857	1,892
Net Interest Income Growth (YoY)	3.19%	-1.65%	10.72%	5.44%	-1.85%	9.04%
Mortgage Banking Activities	19.14	21.5	42.45	50.13	10.4	32.09
Income From Trading Activities	2.21	1.38	-0.78	-0.39	1.03	0.99
Gain (Loss) on Sale of Assets	-	-	-	7.01	5.55	-
Gain (Loss) on Sale of Investments	3.19	3.48	-7.33	0.15	6.32	2.49
Gain (Loss) on Sale of Equity Investments	-	-	272.71	26.15	17.8	17.27
Other Non-Interest Income	487.5	477	432.81	396.45	322.15	356.11
Total Non-Interest Income	662.95	650.72	897.06	642.13	512.31	569.88
Non-Interest Income Growth (YoY)	-25.22%	-27.46%	39.70%	25.34%	-10.10%	3.66%
Revenues Before Loan Losses	2,889	2,782	3,064	2,600	2,369	2,462
Provision for Loan Losses	269.5	208.61	83.03	-193.46	292.54	165.78
Revenue	2,619	2,574	2,981	2,793	2,076	2,296
Revenue Growth (YoY)	-8.55%	-13.68%	6.74%	34.52%	-9.56%	11.63%
Salaries and Employee Benefits	792.55	761.27	702.66	614.03	552.71	576.67
Occupancy Expenses	81.85	79.39	75.04	71.59	87.52	65.44
Federal Deposit Insurance	126.29	105.99	26.79	25.58	23.87	18.18
Amortization of Goodwill & Intangibles	3.03	3.18	3.28	9.13	6.4	9.37
Selling, General & Administrative	800.22	787.44	778.75	694.41	655.02	612.3
Other Non-Interest Expense	166.15	153.21	173.05	148.95	135.8	191.22
Total Non-Interest Expense	1,951	1,875	1,737	1,549	1,458	1,477
EBT Excluding Unusual Items	668	698.54	1,244	1,244	618.56	818.32
Pretax Income	668	675.54	1,235	1,244	618.56	818.32
Income Tax Expense	137.01	134.2	132.33	309.02	111.94	147.18
Earnings From Continuing Operations	530.99	541.34	1,103	934.89	506.62	671.14
Net Income	530.99	541.34	1,103	934.89	506.62	671.14
Preferred Dividends & Other Adjustments	1.41	1.41	1.41	1.41	1.76	3.72
Net Income to Common	529.58	539.93	1,101	933.48	504.86	667.41
Net Income Growth	-24.56%	-50.90%	17.94%	84.53%	-24.51%	8.57%
Basic Shares Outstanding	72	72	75	81	86	97
Diluted Shares Outstanding	72	72	75	81	86	97
Shares Change (YoY)	0.13%	-4.63%	-7.55%	-5.30%	-11.36%	-4.26%
EPS (Basic)	7.37	7.53	14.65	11.49	5.88	6.89
EPS (Diluted)	7.36	7.52	14.63	11.46	5.87	6.88
EPS Growth	-24.74%	-48.60%	27.66%	95.23%	-14.68%	13.53%
Dividend Per Share	2.480	2.270	2.200	1.750	1.600	1.200
Dividend Growth	12.73%	3.18%	25.71%	9.38%	33.33%	20.00%
Effective Tax Rate	20.51%	19.87%	10.72%	24.84%	18.10%	17.99%

Source: S&P Capital IQ. Banks template. Financial Sources.