NASDAQ$BPOP

Popular Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Popular, Inc. reported increased net income due to growth in core earnings and strategic investments.

Popular, Inc. reported a net income of $166.8 million for Q4 2019, driven by solid business fundamentals and loan growth in Puerto Rico and the U.S., despite the negative impact of interest rate cuts on net interest income and margin.

  • Net income reached $166.8 million, slightly up from $165.3 million in the previous quarter.
  • Net interest margin was 3.83%, a decrease from 4.00% in the previous quarter.
  • Non-performing loans held-in-portfolio decreased by $30.0 million from the previous quarter.
  • The Corporation completed its previously announced $250 million accelerated share repurchase transaction.

Headline financials

Total Revenue

$467M

Previous: $476M-1.8%
EPS (adj)

$1.72

Previous: $1.34+28.4%
Net Interest Margin

3.8%

No prior period
Common Equity Tier 1

17.8%

No prior period
Common Equity/Share

$62.42

No prior period
Tangible Book Value/Share

$55.10

No prior period
NPLs to Loans

1.9%

No prior period
NCOs to Avg Loans

1.2%

No prior period
Allowance for Loan Losses to Loans

1.7%

No prior period
Allowance for Loan Losses to NPLs

90.5%

No prior period
Capital Expenditures

$29.7M

Previous: $27.4M+8.4%
Free Cash Flow

$137M

Previous: $187M-26.9%
Net Income

$167M

Previous: $105M+58.1%
Operating Income

$182M

No prior period
Cash & Equivalents

$3.65B

Previous: $403M+805.3%
Total Assets

$52.1B

Previous: $47.6B+9.5%

Revenue & EPS history

Popular · Revenue · Quarterly

$467M

Q4 2019-1.8%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The Corporation expects its consolidated effective tax rate to be within a range of 19% to 21% for the year 2020.

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 Q4 2019

Historical avgQ4 2019

+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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