Popular, Inc. (BPOP), a diversified financial holding company, on Tuesday reported higher fourth-quarter net income driven by increases in net interest income, loans, and deposits.
For the fourth quarter, net income applicable to common stock increased to $233.55 million from $177.46 million in the previous year.
Earnings per share were $3.53 versus $2.51 last year.
Net interest income jumped to $657.55 million from $590.76 million in the prior year.
Noninterest income increased to $166.29 million from $164.70 million in the previous year.
Deposits increased to 66.19 billion from 64.88 billion in the previous year.
Loans increased to $39.34 billion from $37.11 billion in the prior year.
On Monday, Popular is 0.74% higher at $$122.87 on the Nasdaq.
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