HATO REY, Puerto Rico (AP) — HATO REY, Puerto Rico (AP) — Popular Inc. (BPOP) on Wednesday reported second-quarter profit of $210.4 million.
The bank, based in Hato Rey, Puerto Rico, said it had earnings of $3.09 per share.
The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $1.11 billion in the period. Its revenue net of interest expense was $800 million, topping Street forecasts.
Popular shares have risen 22% since the beginning of the year. The stock has increased 14% in the last 12 months.
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