HATO REY, Puerto Rico (AP) — HATO REY, Puerto Rico (AP) — Popular Inc. (BPOP) on Tuesday reported first-quarter earnings of $102.9 million.
The bank, based in Hato Rey, Puerto Rico, said it had earnings of $1.43 per share. Earnings, adjusted for non-recurring costs, were $1.87 per share.
The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $1.06 billion in the period. Its revenue net of interest expense was $714.6 million, exceeding Street forecasts.
Popular shares have climbed almost 4% since the beginning of the year. The stock has risen 44% in the last 12 months.
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