Popular, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 25, 2023 at 06:00 pm IST
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Popular, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 559.57 million compared to USD 501.28 million a year ago. Net income was USD 257.14 million compared to USD 206.06 million a year ago. Basic earnings per share from continuing operations was USD 3.56 compared to USD 2.59 a year ago. Diluted earnings per share from continuing operations was USD 3.56 compared to USD 2.58 a year ago.
For the fourth quarter, the company reported net interest income was USD 2,167.359 million compared to USD 1,957.590 million a year ago. Net income was USD 1,102.641 million compared to USD 934.889 million a year ago. Basic earnings per share from continuing operations was USD 14.65 compared to USD 11.49 a year ago. Diluted earnings per share from continuing operations was USD 14.63 compared to USD 11.46 a year ago.
Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean. The Company's BPPR segment provides retail, mortgage and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Company's BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for its operations in the United States. It also operates PNA's subsidiary, E-LOAN, Inc. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.
POPULAR, INC. 
