- Net interest margin for the first quarter stood at 3.4%, which is an improvement from last year’s 3.16% but fell short of the 3.55% estimate.
- The Common Equity Tier 1 ratio was reported at 16.1%, a small decrease from last year’s 16.4%, but above the 16% estimate.
- Earnings per share (EPS) significantly increased to $2.56 compared to $1.43 in the same quarter last year.
- Total deposits reached $65.82 billion, marking a 3.2% increase year over year and surpassing the expected $64.9 billion.
- Analysts are positive, with 7 buy ratings, 2 hold ratings, and no sell ratings.
A look at Popular Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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, a bank holding company offering commercial banking services in various locations, has received a positive long-term outlook based on Smartkarma Smart Scores. With a top-tier score in Value and strong ratings in Dividend and Momentum, Popular Inc seems positioned well for growth and profitability. While Growth and Resilience scores are slightly lower, the overall outlook appears optimistic, backed by solid fundamentals and promising performance indicators.
As a provider of a wide range of financial services including mortgage and consumer finance, Popular Inc‘s high Value score indicates it may be undervalued relative to its assets and earnings potential. Additionally, the respectable Dividend and Momentum scores suggest stability and market confidence in the company’s future prospects. Despite moderate ratings in Growth and Resilience, Popular Inc‘s overall Smartkarma Smart Scores paint a favorable picture for potential investors looking for a promising long-term investment opportunity.
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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