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Popular: 2Q Earnings Snapshot

July 23, 2020 GMT

HATO REY, Puerto Rico (AP) _ Popular Inc. (BPOP) on Thursday reported second-quarter profit of $127.3 million.

The Hato Rey, Puerto Rico-based bank said it had earnings of $1.49 per share.

The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $620.6 million in the period. Its revenue net of interest expense was $562.9 million, which did not meet Street forecasts.

Popular shares have decreased 36% since the beginning of the year. The stock has fallen 31% 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