Popular Inc. (BPOP) reported a first-quarter net loss applicable to common stock of $121.24 million or $1.18 per share, compared to profit of $47.48 million or $0.46 per share last year.
Net interest income was $345.35 million, compared to $337.58 million last year. Net interest income after provision for loan losses was $121.49 million compared to $236.86 million last year. The provision for loan losses for the first quarter of 2013 amounted to $223.9 million, mainly related to the $148.8 million impact of the bulk loan sale.
On average, five analysts polled by Thomson Reuters expected the company to report profit of $0.61 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $452.65 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.