Popular: Q4 Earnings Snapshot

Associated Press Finance
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HATO REY, Puerto Rico (AP) — HATO REY, Puerto Rico (AP) — Popular Inc. (BPOP) on Thursday reported fourth-quarter net income of $94.2 million.

The bank, based in Hato Rey, Puerto Rico, said it had earnings of $1.31 per share. Earnings, adjusted for non-recurring costs, were $1.94 per share.

The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $1.04 billion in the period. Its revenue net of interest expense was $702.9 million, topping Street forecasts.

For the year, the company reported profit of $539.9 million, or $7.52 per share. Revenue was reported as $2.78 billion.

Popular shares have increased nearly 2% since the beginning of the year. The stock has risen 22% in the last 12 months.

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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

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