HATO REY, Puerto Rico (AP) — HATO REY, Puerto Rico (AP) — Popular Inc. (BPOP) on Wednesday reported first-quarter net income of $158.6 million.
The Hato Rey, Puerto Rico-based bank said it had earnings of $2.22 per share.
The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $901 million in the period. Its revenue net of interest expense was $693.6 million, which topped Street forecasts.
Popular shares have dropped 14% since the beginning of the year. The stock has declined 28% in the last 12 months.
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