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Popular ( (BPOP) ) has issued an update.
Popular, Inc. reported a net income of $177.8 million for the fourth quarter of 2024, an increase from $155.3 million in the previous quarter. The company achieved a 10% increase in adjusted net income for the full year 2024 compared to 2023, supported by strong loan growth, increased net interest income, and a robust capital and liquidity position. Popular also repurchased over 2.25 million shares of common stock and raised its quarterly dividend. Credit quality remained stable with a decrease in non-performing loans, while net charge-offs slightly increased. The corporation is optimistic about the improved performance of Puerto Rico’s economy and its franchise’s strength for the upcoming year.
More about Popular
YTD Price Performance: 11.88%
Average Trading Volume: 508,015
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.24B
Find detailed analytics on BPOP stock on TipRanks’ Stock Analysis page.
