Popular, Inc. (BPOP)

Popular Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	2,626	2,332	1,876	1,748	1,742
Interest Income on Investments	1,047	913.65	589.75	374.81	349.16
Total Interest Income	3,673	3,245	2,466	2,123	2,092
Interest Paid on Deposits	1,336	1,050	252.85	111.62	175.86
Interest Paid on Borrowings	54.85	63.76	45.71	53.43	59.08
Total Interest Expense	1,391	1,114	298.55	165.05	234.94
Net Interest Income	2,282	2,132	2,167	1,958	1,857
Net Interest Income Growth (YoY)	7.07%	-1.65%	10.72%	5.44%	-1.85%
Mortgage Banking Activities	19.06	21.5	42.45	50.13	10.4
Income From Trading Activities	1.45	1.38	-0.78	-0.39	1.03
Gain (Loss) on Sale of Assets	-	-	-	7.01	5.55
Gain (Loss) on Sale of Investments	-1.58	3.48	-7.33	0.15	6.32
Gain (Loss) on Sale of Equity Investments	-	-	272.71	26.15	17.8
Other Non-Interest Income	488.21	477	432.81	396.45	322.15
Total Non-Interest Income	658.91	650.72	897.06	642.13	512.31
Non-Interest Income Growth (YoY)	1.26%	-27.46%	39.70%	25.34%	-10.10%
Revenues Before Loan Losses	2,941	2,782	3,064	2,600	2,369
Provision for Loan Losses	256.94	208.61	83.03	-193.46	292.54
Revenue	2,684	2,574	2,981	2,793	2,076
Revenue Growth (YoY)	4.30%	-13.68%	6.74%	34.52%	-9.56%
Salaries and Employee Benefits	820.45	761.27	702.66	614.03	552.71
Occupancy Expenses	111.43	79.39	75.04	71.59	87.52
Federal Deposit Insurance	54.63	105.99	26.79	25.58	23.87
Amortization of Goodwill & Intangibles	2.94	3.18	3.28	9.13	6.4
Selling, General & Administrative	702.51	787.44	778.75	694.41	655.02
Other Non-Interest Expense	213.8	153.21	173.05	148.95	135.8
Total Non-Interest Expense	1,888	1,875	1,737	1,549	1,458
EBT Excluding Unusual Items	796.62	698.54	1,244	1,244	618.56
Pretax Income	796.62	675.54	1,235	1,244	618.56
Income Tax Expense	182.41	134.2	132.33	309.02	111.94
Earnings From Continuing Operations	614.21	541.34	1,103	934.89	506.62
Net Income	614.21	541.34	1,103	934.89	506.62
Preferred Dividends & Other Adjustments	1.41	1.41	1.41	1.41	1.76
Net Income to Common	612.8	539.93	1,101	933.48	504.86
Net Income Growth	13.46%	-50.90%	17.94%	84.53%	-24.51%
Basic Shares Outstanding	72	72	75	81	86
Diluted Shares Outstanding	72	72	75	81	86
Shares Change (YoY)	-0.23%	-4.63%	-7.55%	-5.30%	-11.36%
EPS (Basic)	8.56	7.53	14.65	11.49	5.88
EPS (Diluted)	8.56	7.52	14.63	11.46	5.87
EPS Growth	13.83%	-48.60%	27.66%	95.23%	-14.68%
Dividend Per Share	2.560	2.270	2.200	1.750	1.600
Dividend Growth	12.78%	3.18%	25.71%	9.38%	33.33%
Effective Tax Rate	22.90%	19.87%	10.72%	24.84%	18.10%

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