NASDAQ$BPOP
Popular Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Popular achieved a strong quarter, reporting a net income of $151.2 million, driven by loan portfolio growth and positive credit quality trends.
Popular, Inc. reported a net income of $151.2 million for the quarter ended June 30, 2023. The company saw growth in loan portfolios in both Puerto Rico and the United States, which maintained net interest income despite higher deposit costs. The deposit base remained strong and well-diversified, and results were bolstered by positive credit quality trends and healthy non-interest income.
- Net income was $151.2 million, compared to $159.0 million in the previous quarter.
- Net interest margin was 3.14%, compared to 3.22% in the previous quarter.
- Loans increased by $692.5 million from the prior quarter.
- Ending deposit balances increased by $3.1 billion from the prior quarter.
Headline financials
Revenue & EPS history
Popular · Revenue · Quarterly
$692M
Forward guidance
The Corporation expects the ETR for the year 2023 to be within a range from 22% to 25%
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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