HATO REY, Puerto Rico (AP) _ Popular Inc. (BPOP) on Thursday reported first-quarter profit of $167 million.
The Hato Rey, Puerto Rico-based bank said it had earnings of $1.69 per share.
The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $694.4 million in the period. Its revenue net of interest expense was $607.4 million, which topped Street forecasts.
Popular shares have climbed 17 percent since the beginning of the year. The stock has risen 27 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BPOP at https://www.zacks.com/ap/BPOP