NASDAQ$BPOP

Popular Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported solid results in Q1 2022 with net income of $211.7 million and strong credit quality trends.

Popular, Inc. reported a net income of $211.7 million for Q1 2022, compared to $206.1 million for the previous quarter. The corporation saw broad-based loan growth and maintained strong asset quality metrics.

  • Net income of $211.7 million in Q1 2022, compared to net income of $206.1 million in Q4 2021.
  • Net interest margin of 2.75% in Q1 2022, compared to 2.78% in Q4 2021.
  • Non-performing loans held-in-portfolio decreased by $28.0 million from Q4 2021.
  • Net charge-offs were $3.8 million, compared to a net recovery of $7.9 million in Q4 2021.

Headline financials

Total Revenue

$649M

Previous: $633M+2.6%
EPS (adj)

$2.69

Previous: $3.12-13.8%
Net Interest Margin

2.8%

Previous: 3.1%-10.4%
Common Equity Tier 1

16.3%

Previous: 17.1%-5.2%
NPLs to Loans

1.8%

No prior period
Capital Expenditures

-$15.2M

Previous: -$17.9M+14.8%
Free Cash Flow

$196M

Previous: $245M-19.7%
Net Income

$212M

Previous: $263M-19.4%
Operating Income

$443M

Previous: $361M+22.6%
Gross Profit

$634M

Previous: $551M+15.1%
Cash & Equivalents

$20.6B

Previous: $23.6B-12.9%
Total Assets

$69.5B

Previous: $66.9B+4.0%

Revenue & EPS history

Popular · Revenue · Quarterly

$649M

Q1 2022+2.6%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The corporation remains optimistic about the economic outlook, yet cognizant of the possible challenges to the macroeconomic environment resulting from the war in Ukraine, inflation and the evolving health situation.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.2%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+3.9%

Avg return

30 days after

59%

41 / 69 earnings

Positive

+15.3%

Q4 2012

Best reaction

-12.0%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%+1.6%+1.4%
Q4 2025+6.3%+8.7%+16.0%
Q3 2025-1.2%-2.6%-0.5%
Q2 2025+0.3%+0.3%+3.9%
Q1 2025+5.9%+7.4%+14.6%
Q4 2024-1.3%-0.8%-3.2%
Q3 2024-11.0%-9.7%-1.0%
Q2 2024-0.7%-0.8%-3.4%
Q1 2024+3.6%+1.6%+3.7%
Q4 2023+4.9%+7.2%-0.1%
Q3 2023+8.1%+8.4%+20.4%
Q2 2023+4.6%+7.4%-5.4%
Q1 2023+3.2%+2.7%+3.5%
Q4 2022-3.9%-3.1%+4.3%
Q3 2022-6.9%-6.0%-4.3%
Q2 2022-3.0%-4.1%-0.1%
Q1 2022-0.4%-2.5%+0.9%
Q4 2021-0.8%+3.8%+3.4%
Q3 2021+1.5%+6.0%+3.5%
Q2 2021-0.2%+0.5%+3.5%
Q1 2021+0.4%-0.1%+8.5%
Q4 2020+2.9%+11.0%+21.2%
Q3 2020+7.6%+11.6%+29.4%
Q2 2020+2.6%+0.6%-1.6%
Q1 2020-11.3%-13.3%-5.6%
Q4 2019-2.9%-3.7%-16.3%
Q3 2019-1.6%+0.8%+0.2%
Q2 2019+5.4%+4.7%-6.2%
Q1 2019+1.5%+3.4%-1.0%
Q4 2018+3.4%+6.1%+11.6%
Q3 2018-0.1%+1.2%+7.0%
Q2 2018+6.4%+6.0%+8.4%
Q1 2018+6.3%+8.1%+6.1%
Q4 2017+7.1%+5.2%+9.9%
Q3 2017+1.6%+0.1%+3.7%
Q2 2017+1.9%-0.4%-4.3%
Q1 2017+6.0%+4.0%-5.2%
Q4 2016+2.3%+2.0%+1.0%
Q3 2016-4.2%-6.3%+6.3%
Q2 2016+7.3%+8.3%+21.6%
Q1 2016+0.4%
Q4 2015+8.8%
Q3 2015-4.9%
Q2 2015+5.8%
Q1 2015-2.0%
Q4 2014+0.7%
Q3 2014+4.3%
Q2 2014-1.0%
Q1 2014+5.3%
Q4 2013+2.8%
Q3 2013-2.7%
Q2 2013+3.0%
Q1 2013-0.4%
Q4 2012+15.3%
Q3 2012-0.5%
Q2 2012-12.0%
Q1 2012+0.0%
Q4 2010+2.7%
Q4 2011+2.7%
Q3 2011-8.2%
Q2 2011+4.1%
Q1 2010-1.0%
Q1 2011-1.7%
Q4 2008-2.5%
Q3 2009+1.9%
Q3 2010+1.9%
Q2 2009+3.4%
Q4 2009+3.4%
Q2 2010+3.4%

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