- Popular’s net interest margin was reported at 3.35%, slightly below the estimate of 3.45%, but higher than last year’s 3.08%.
- The common equity Tier 1 ratio came in at 16%, which is marginally lower than both last year’s 16.3% and the estimate of 16.4%.
- Earnings per share (EPS) surged to $2.51, significantly up from $1.31 in the previous year.
- Total deposits grew by 2% year-over-year, reaching $64.88 billion, surpassing the estimated $63.1 billion.
- Analyst ratings show 6 buys, 3 holds, and no sells for the company.
A look at Popular Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Popular, Inc. is a bank holding company that offers commercial banking services in various regions, including Puerto Rico and the United States. According to the Smartkarma Smart Scores, Popular Inc has received a strong rating for its value, indicating a positive long-term outlook for investors seeking undervalued opportunities in the market. Additionally, the company has scored well in terms of dividends and growth potential, showcasing its ability to provide returns to shareholders while also positioning itself for future expansion.
Furthermore, Popular Inc has demonstrated solid momentum in its operations, suggesting a favorable trajectory for the company moving forward. Despite a slightly lower score in resilience, the overall Smart Scores paint a promising picture for Popular Inc‘s future performance in the banking sector. Investors may find Popular Inc to be an attractive option based on its strong fundamentals and growth prospects as it continues to diversify its offerings in the financial services industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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