Annual Income Statements for Popular
This table shows Popular's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Popular
This table shows Popular's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
422 |
257 |
159 |
151 |
136 |
94 |
103 |
177 |
155 |
177 |
Consolidated Net Income / (Loss) |
|
422 |
257 |
159 |
151 |
137 |
95 |
103 |
178 |
155 |
178 |
Net Income / (Loss) Continuing Operations |
|
422 |
257 |
159 |
151 |
137 |
95 |
103 |
178 |
155 |
178 |
Total Pre-Tax Income |
|
490 |
207 |
205 |
195 |
182 |
93 |
159 |
218 |
198 |
222 |
Total Revenue |
|
1,006 |
718 |
694 |
692 |
694 |
703 |
715 |
735 |
737 |
755 |
Net Interest Income / (Expense) |
|
580 |
560 |
532 |
532 |
534 |
534 |
551 |
568 |
572 |
591 |
Total Interest Income |
|
651 |
713 |
739 |
794 |
845 |
867 |
894 |
922 |
937 |
920 |
Loans and Leases Interest Income |
|
481 |
522 |
541 |
570 |
597 |
623 |
639 |
649 |
665 |
674 |
Investment Securities Interest Income |
|
133 |
140 |
132 |
123 |
149 |
143 |
167 |
185 |
177 |
167 |
Deposits and Money Market Investments Interest Income |
|
37 |
51 |
66 |
101 |
99 |
101 |
89 |
88 |
96 |
79 |
Total Interest Expense |
|
72 |
154 |
207 |
262 |
311 |
333 |
343 |
354 |
365 |
329 |
Deposits Interest Expense |
|
61 |
139 |
193 |
243 |
294 |
319 |
329 |
340 |
351 |
316 |
Short-Term Borrowings Interest Expense |
|
0.92 |
4.49 |
2.89 |
1.62 |
1.48 |
1.34 |
1.19 |
1.13 |
1.43 |
0.93 |
Long-Term Debt Interest Expense |
|
9.80 |
9.80 |
11 |
17 |
15 |
13 |
13 |
13 |
13 |
12 |
Total Non-Interest Income |
|
426 |
158 |
162 |
160 |
160 |
169 |
164 |
166 |
164 |
165 |
Other Service Charges |
|
291 |
28 |
28 |
25 |
25 |
23 |
27 |
25 |
23 |
23 |
Net Realized & Unrealized Capital Gains on Investments |
|
-1.72 |
0.48 |
1.48 |
1.42 |
-1.14 |
3.00 |
1.46 |
0.60 |
0.27 |
-2.03 |
Other Non-Interest Income |
|
138 |
130 |
133 |
134 |
136 |
143 |
136 |
140 |
141 |
144 |
Provision for Credit Losses |
|
40 |
50 |
48 |
37 |
45 |
79 |
73 |
47 |
71 |
66 |
Total Non-Interest Expense |
|
476 |
462 |
441 |
460 |
466 |
531 |
483 |
470 |
467 |
468 |
Salaries and Employee Benefits |
|
194 |
190 |
199 |
191 |
193 |
195 |
215 |
197 |
202 |
206 |
Net Occupancy & Equipment Expense |
|
104 |
116 |
103 |
109 |
110 |
117 |
117 |
117 |
126 |
114 |
Marketing Expense |
|
24 |
28 |
19 |
25 |
23 |
28 |
21 |
25 |
26 |
30 |
Property & Liability Insurance Claims |
|
6.61 |
6.34 |
8.87 |
6.80 |
8.93 |
81 |
24 |
11 |
10 |
9.73 |
Other Operating Expenses |
|
137 |
120 |
110 |
127 |
107 |
109 |
105 |
118 |
103 |
108 |
Amortization Expense |
|
0.80 |
0.79 |
0.80 |
0.80 |
0.80 |
0.80 |
0.80 |
0.73 |
0.70 |
0.71 |
Income Tax Expense |
|
68 |
-50 |
46 |
44 |
46 |
-1.48 |
56 |
40 |
42 |
44 |
Basic Earnings per Share |
|
$5.71 |
$3.48 |
$2.22 |
$2.10 |
$1.90 |
$1.31 |
$1.43 |
$2.47 |
$2.16 |
$2.50 |
Weighted Average Basic Shares Outstanding |
|
72.69M |
71.87M |
71.97M |
72.13M |
72.15M |
72.25M |
72.27M |
72.34M |
71.31M |
69.61M |
Diluted Earnings per Share |
|
$5.70 |
$3.47 |
$2.22 |
$2.10 |
$1.90 |
$1.30 |
$1.43 |
$2.46 |
$2.16 |
$2.51 |
Weighted Average Diluted Shares Outstanding |
|
72.69M |
71.87M |
71.97M |
72.13M |
72.15M |
72.25M |
72.27M |
72.34M |
71.31M |
69.61M |
Weighted Average Basic & Diluted Shares Outstanding |
|
72.69M |
71.87M |
71.97M |
72.13M |
72.15M |
72.25M |
72.27M |
72.34M |
71.31M |
69.61M |
Annual Cash Flow Statements for Popular
This table details how cash moves in and out of Popular's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-17 |
-4.69 |
38 |
-9.38 |
-8.93 |
103 |
-63 |
52 |
-49 |
1.83 |
Net Cash From Operating Activities |
|
670 |
597 |
636 |
848 |
705 |
679 |
1,005 |
1,015 |
687 |
675 |
Net Cash From Continuing Operating Activities |
|
670 |
597 |
636 |
848 |
705 |
679 |
1,005 |
1,025 |
687 |
675 |
Net Income / (Loss) Continuing Operations |
|
895 |
217 |
108 |
618 |
671 |
507 |
935 |
1,103 |
541 |
614 |
Consolidated Net Income / (Loss) |
|
895 |
217 |
108 |
618 |
671 |
507 |
935 |
1,103 |
541 |
614 |
Provision For Loan Losses |
|
241 |
170 |
325 |
228 |
166 |
293 |
-193 |
83 |
209 |
257 |
Depreciation Expense |
|
47 |
47 |
48 |
53 |
58 |
58 |
55 |
55 |
59 |
57 |
Amortization Expense |
|
-62 |
-29 |
-13 |
-78 |
-149 |
-57 |
-13 |
32 |
-42 |
-249 |
Non-Cash Adjustments to Reconcile Net Income |
|
-1,572 |
-433 |
-211 |
-516 |
-340 |
-588 |
-565 |
-598 |
-109 |
-19 |
Changes in Operating Assets and Liabilities, net |
|
1,120 |
625 |
379 |
542 |
299 |
466 |
786 |
349 |
29 |
15 |
Net Cash From Investing Activities |
|
238 |
-3,455 |
-5,352 |
-4,391 |
-4,170 |
-13,068 |
-10,519 |
5,350 |
-2,613 |
-1,632 |
Net Cash From Continuing Investing Activities |
|
-1,147 |
-3,140 |
-5,352 |
-4,391 |
-4,170 |
-13,068 |
-10,519 |
5,382 |
-2,613 |
-1,637 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-63 |
-100 |
-63 |
-81 |
-76 |
-60 |
-73 |
-104 |
-208 |
-213 |
Acquisitions |
|
- |
0.00 |
0.00 |
-1,843 |
0.00 |
0.00 |
-156 |
- |
0.00 |
0.00 |
Purchase of Investment Securities |
|
-2,488 |
-4,404 |
-7,470 |
-9,581 |
-18,474 |
-30,583 |
-20,934 |
-24,916 |
-18,890 |
-34,416 |
Sale and/or Maturity of Investments |
|
921 |
1,463 |
2,189 |
7,146 |
15,021 |
18,451 |
10,175 |
32,597 |
18,961 |
34,629 |
Other Investing Activities, net |
|
-248 |
-99 |
-7.68 |
-32 |
-641 |
-876 |
469 |
-2,195 |
-2,476 |
-1,637 |
Net Cash From Financing Activities |
|
-926 |
2,853 |
4,754 |
3,534 |
3,456 |
12,492 |
9,451 |
-6,323 |
1,878 |
960 |
Net Cash From Continuing Financing Activities |
|
-926 |
2,853 |
4,754 |
3,534 |
3,456 |
12,492 |
9,451 |
-6,323 |
1,878 |
960 |
Net Change in Deposits |
|
207 |
3,286 |
4,954 |
4,260 |
4,044 |
13,102 |
10,139 |
-5,770 |
2,365 |
1,261 |
Issuance of Debt |
|
129 |
165 |
150 |
378 |
75 |
262 |
75 |
0.00 |
77 |
225 |
Issuance of Common Equity |
|
6.23 |
7.44 |
7.02 |
7.27 |
8.72 |
9.09 |
4.67 |
5.84 |
6.31 |
6.86 |
Repayment of Debt |
|
-738 |
-255 |
-96 |
-768 |
-212 |
-143 |
-241 |
184 |
-349 |
-96 |
Repurchase of Preferred Equity |
|
- |
- |
- |
0.00 |
0.00 |
-28 |
0.00 |
0.00 |
0.00 |
0.00 |
Repurchase of Common Equity |
|
-1.02 |
-0.56 |
-76 |
-125 |
-251 |
-500 |
-351 |
-632 |
-0.46 |
-214 |
Payment of Dividends |
|
-19 |
-66 |
-96 |
-105 |
-116 |
-134 |
-141 |
-162 |
-160 |
-180 |
Other Financing Activities, Net |
|
-510 |
-284 |
-90 |
-112 |
-94 |
-76 |
-35 |
51 |
-61 |
-43 |
Quarterly Cash Flow Statements for Popular
This table details how cash moves in and out of Popular's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
1,489 |
-1,538 |
-6.97 |
14 |
59 |
-114 |
-99 |
39 |
68 |
-6.26 |
Net Cash From Operating Activities |
|
322 |
201 |
153 |
198 |
122 |
214 |
162 |
80 |
233 |
199 |
Net Cash From Continuing Operating Activities |
|
322 |
211 |
153 |
198 |
122 |
214 |
162 |
80 |
233 |
199 |
Net Income / (Loss) Continuing Operations |
|
422 |
257 |
159 |
151 |
137 |
95 |
103 |
178 |
155 |
178 |
Consolidated Net Income / (Loss) |
|
422 |
257 |
159 |
151 |
137 |
95 |
103 |
178 |
155 |
178 |
Provision For Loan Losses |
|
40 |
50 |
48 |
37 |
45 |
79 |
73 |
47 |
71 |
66 |
Depreciation Expense |
|
14 |
14 |
14 |
14 |
15 |
15 |
15 |
16 |
15 |
10 |
Amortization Expense |
|
0.32 |
-9.23 |
-1.48 |
4.64 |
-23 |
-22 |
-51 |
-76 |
-68 |
-55 |
Non-Cash Adjustments to Reconcile Net Income |
|
-281 |
-102 |
-32 |
-11 |
-14 |
-52 |
-1.79 |
9.99 |
-18 |
-10 |
Changes in Operating Assets and Liabilities, net |
|
127 |
1.94 |
-34 |
2.26 |
-39 |
99 |
23 |
-94 |
76 |
11 |
Net Cash From Investing Activities |
|
1,607 |
1,785 |
173 |
-3,215 |
975 |
-547 |
-357 |
-1,730 |
1,878 |
-1,423 |
Net Cash From Continuing Investing Activities |
|
1,607 |
1,816 |
173 |
-3,215 |
975 |
-547 |
-357 |
-1,730 |
1,878 |
-1,427 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-28 |
-36 |
-36 |
-49 |
-48 |
-74 |
-54 |
-42 |
-58 |
-60 |
Purchase of Investment Securities |
|
-4,224 |
-17,841 |
-4,601 |
-5,980 |
-3,445 |
-4,864 |
-7,233 |
-10,237 |
-7,044 |
-9,901 |
Sale and/or Maturity of Investments |
|
6,729 |
20,125 |
4,966 |
3,435 |
5,301 |
5,258 |
6,927 |
8,838 |
9,526 |
9,337 |
Other Investing Activities, net |
|
-870 |
-433 |
-156 |
-621 |
-833 |
-866 |
2.35 |
-290 |
-546 |
-803 |
Net Cash From Financing Activities |
|
-440 |
-3,534 |
-333 |
3,030 |
-1,038 |
219 |
97 |
1,689 |
-2,043 |
1,217 |
Net Cash From Continuing Financing Activities |
|
-440 |
-3,534 |
-333 |
3,030 |
-1,038 |
219 |
97 |
1,689 |
-2,043 |
1,217 |
Net Change in Deposits |
|
-509 |
-3,593 |
-294 |
3,048 |
-668 |
279 |
190 |
1,722 |
-1,865 |
1,214 |
Issuance of Debt |
|
250 |
-175 |
29 |
43 |
-0.22 |
4.29 |
0.00 |
- |
- |
225 |
Issuance of Common Equity |
|
1.55 |
1.55 |
1.57 |
1.55 |
1.60 |
1.60 |
1.80 |
1.77 |
1.70 |
1.59 |
Repayment of Debt |
|
-0.77 |
287 |
-1.80 |
-22 |
-301 |
-24 |
-22 |
-26 |
-25 |
-24 |
Repurchase of Common Equity |
|
-231 |
-0.14 |
-0.28 |
-0.08 |
-0.05 |
-0.05 |
-0.31 |
-0.14 |
-59 |
-154 |
Payment of Dividends |
|
-42 |
-40 |
-40 |
-40 |
-40 |
-40 |
-45 |
-45 |
-45 |
-45 |
Other Financing Activities, Net |
|
91 |
-14 |
-28 |
-1.48 |
-30 |
-1.70 |
-29 |
37 |
-50 |
-0.64 |
Annual Balance Sheets for Popular
This table presents Popular's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
35,762 |
38,662 |
44,277 |
47,605 |
52,115 |
65,926 |
75,098 |
67,638 |
70,758 |
73,045 |
Cash and Due from Banks |
|
364 |
362 |
403 |
394 |
388 |
491 |
428 |
470 |
420 |
420 |
Federal Funds Sold |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Interest Bearing Deposits at Other Banks |
|
2,084 |
2,867 |
5,255 |
4,171 |
3,262 |
11,641 |
17,537 |
5,615 |
6,999 |
6,381 |
Trading Account Securities |
|
6,641 |
8,648 |
10,615 |
13,647 |
18,006 |
21,964 |
25,247 |
26,559 |
25,153 |
26,250 |
Loans and Leases, Net of Allowance |
|
22,346 |
22,774 |
24,293 |
26,508 |
27,407 |
28,479 |
29,232 |
31,351 |
35,059 |
37,102 |
Loans and Leases |
|
22,346 |
22,774 |
24,293 |
26,508 |
27,407 |
29,385 |
29,241 |
32,078 |
35,065 |
37,108 |
Allowance for Loan and Lease Losses |
|
- |
- |
- |
- |
0.00 |
907 |
8.10 |
727 |
5.78 |
5.32 |
Premises and Equipment, Net |
|
503 |
544 |
547 |
570 |
557 |
510 |
494 |
499 |
565 |
602 |
Goodwill |
|
626 |
627 |
627 |
671 |
671 |
671 |
720 |
827 |
804 |
803 |
Intangible Assets |
|
58 |
45 |
36 |
27 |
29 |
22 |
16 |
13 |
9.76 |
6.83 |
Other Assets |
|
3,031 |
2,550 |
2,418 |
2,050 |
2,151 |
2,148 |
1,953 |
2,305 |
2,477 |
2,227 |
Total Liabilities & Shareholders' Equity |
|
35,762 |
38,662 |
44,277 |
47,605 |
52,115 |
65,926 |
75,098 |
67,638 |
70,758 |
73,045 |
Total Liabilities |
|
30,656 |
33,464 |
39,173 |
42,170 |
46,099 |
59,897 |
69,129 |
63,544 |
65,611 |
67,432 |
Non-Interest Bearing Deposits |
|
6,402 |
6,980 |
8,491 |
9,149 |
9,160 |
13,129 |
15,684 |
15,961 |
15,420 |
15,140 |
Interest Bearing Deposits |
|
20,808 |
23,516 |
26,963 |
30,561 |
34,598 |
43,738 |
51,321 |
45,267 |
48,199 |
49,745 |
Short-Term Debt |
|
1.20 |
481 |
487 |
282 |
193 |
121 |
167 |
514 |
91 |
280 |
Long-Term Debt |
|
1,663 |
1,575 |
1,536 |
1,256 |
1,102 |
1,225 |
989 |
887 |
987 |
896 |
Other Long-Term Liabilities |
|
1,021 |
912 |
1,696 |
922 |
1,045 |
1,685 |
968 |
917 |
915 |
1,372 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
5,105 |
5,198 |
5,104 |
5,435 |
6,017 |
6,029 |
5,969 |
4,093 |
5,147 |
5,613 |
Total Preferred & Common Equity |
|
5,105 |
5,198 |
5,104 |
5,435 |
6,017 |
6,029 |
5,969 |
4,093 |
5,147 |
5,613 |
Preferred Stock |
|
50 |
50 |
50 |
50 |
50 |
22 |
22 |
22 |
22 |
22 |
Total Common Equity |
|
5,055 |
5,148 |
5,054 |
5,385 |
5,967 |
6,007 |
5,947 |
4,071 |
5,125 |
5,591 |
Common Stock |
|
4,230 |
4,256 |
4,300 |
4,367 |
4,448 |
4,573 |
4,651 |
4,792 |
4,844 |
4,910 |
Retained Earnings |
|
1,088 |
1,220 |
1,195 |
1,652 |
2,148 |
2,261 |
2,974 |
3,834 |
4,195 |
4,571 |
Treasury Stock |
|
-6.10 |
-8.29 |
-90 |
-206 |
-460 |
-1,017 |
-1,353 |
-2,030 |
-2,019 |
-2,229 |
Accumulated Other Comprehensive Income / (Loss) |
|
-257 |
-320 |
-351 |
-428 |
-170 |
190 |
-325 |
-2,525 |
-1,896 |
-1,661 |
Quarterly Balance Sheets for Popular
This table presents Popular's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
70,730 |
67,676 |
70,838 |
69,737 |
70,937 |
72,845 |
71,323 |
Cash and Due from Banks |
|
2,017 |
462 |
477 |
535 |
320 |
360 |
428 |
Federal Funds Sold |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Interest Bearing Deposits at Other Banks |
|
3,975 |
6,098 |
8,593 |
6,389 |
5,929 |
6,851 |
6,531 |
Trading Account Securities |
|
30,442 |
34,526 |
25,930 |
25,659 |
26,329 |
26,751 |
25,286 |
Loans and Leases, Net of Allowance |
|
31,516 |
31,642 |
32,325 |
34,023 |
35,113 |
35,585 |
36,190 |
Loans and Leases |
|
31,523 |
32,338 |
33,031 |
34,029 |
35,119 |
35,592 |
36,195 |
Allowance for Loan and Lease Losses |
|
7.21 |
696 |
706 |
6.06 |
5.73 |
6.25 |
5.43 |
Premises and Equipment, Net |
|
493 |
508 |
524 |
534 |
589 |
599 |
624 |
Goodwill |
|
827 |
827 |
827 |
804 |
804 |
804 |
804 |
Intangible Assets |
|
14 |
12 |
11 |
11 |
8.97 |
8.24 |
7.53 |
Other Assets |
|
2,055 |
8,261 |
2,151 |
2,409 |
2,583 |
2,616 |
2,197 |
Total Liabilities & Shareholders' Equity |
|
70,730 |
67,676 |
70,838 |
69,737 |
70,937 |
72,845 |
71,323 |
Total Liabilities |
|
67,055 |
63,205 |
66,273 |
65,279 |
65,760 |
67,472 |
65,533 |
Non-Interest Bearing Deposits |
|
17,605 |
15,941 |
15,317 |
15,201 |
15,492 |
15,470 |
15,276 |
Interest Bearing Deposits |
|
47,214 |
45,013 |
48,688 |
48,136 |
48,317 |
50,061 |
48,392 |
Short-Term Debt |
|
412 |
123 |
123 |
93 |
66 |
106 |
55 |
Long-Term Debt |
|
889 |
1,279 |
1,304 |
1,005 |
966 |
942 |
918 |
Other Long-Term Liabilities |
|
935 |
849 |
841 |
844 |
918 |
894 |
890 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
3,675 |
4,471 |
4,565 |
4,458 |
5,177 |
5,373 |
5,791 |
Total Preferred & Common Equity |
|
3,675 |
4,471 |
4,565 |
4,458 |
5,177 |
5,373 |
5,791 |
Preferred Stock |
|
22 |
22 |
22 |
22 |
22 |
22 |
22 |
Total Common Equity |
|
3,653 |
4,449 |
4,543 |
4,435 |
5,155 |
5,351 |
5,768 |
Common Stock |
|
4,654 |
4,794 |
4,797 |
4,798 |
4,849 |
4,854 |
4,855 |
Retained Earnings |
|
3,694 |
3,982 |
4,093 |
4,190 |
4,253 |
4,386 |
4,496 |
Treasury Stock |
|
-1,971 |
-2,025 |
-2,019 |
-2,019 |
-2,013 |
-2,011 |
-2,069 |
Accumulated Other Comprehensive Income / (Loss) |
|
-2,724 |
-2,302 |
-2,328 |
-2,534 |
-1,933 |
-1,878 |
-1,513 |
Annual Metrics And Ratios for Popular
This table displays calculated financial ratios and metrics derived from Popular's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
44.83% |
-10.81% |
11.69% |
24.27% |
3.11% |
-3.76% |
9.74% |
17.88% |
-9.21% |
5.71% |
EBITDA Growth |
|
83.05% |
-18.56% |
19.63% |
90.73% |
2.03% |
-14.78% |
107.41% |
2.82% |
-47.68% |
-12.68% |
EBIT Growth |
|
417.88% |
-26.20% |
15.01% |
117.94% |
10.92% |
-24.41% |
101.10% |
-0.72% |
-45.30% |
17.92% |
NOPAT Growth |
|
1,065.84% |
-75.89% |
-50.05% |
474.06% |
8.57% |
-24.51% |
84.53% |
17.94% |
-50.91% |
13.46% |
Net Income Growth |
|
385.61% |
-75.80% |
-50.31% |
474.06% |
8.57% |
-24.51% |
84.53% |
17.94% |
-50.91% |
13.46% |
EPS Growth |
|
380.84% |
-76.19% |
-50.49% |
494.12% |
13.53% |
-14.68% |
95.23% |
27.66% |
-48.60% |
13.83% |
Operating Cash Flow Growth |
|
-23.24% |
-10.98% |
6.69% |
33.15% |
-16.77% |
-3.77% |
48.08% |
0.93% |
-32.32% |
-1.73% |
Free Cash Flow Firm Growth |
|
-75.85% |
-314.43% |
186.94% |
230.65% |
-57.03% |
33.52% |
167.31% |
130.61% |
-106.96% |
126.45% |
Invested Capital Growth |
|
12.81% |
7.16% |
-1.74% |
-2.17% |
4.86% |
0.86% |
-3.40% |
-22.89% |
13.32% |
9.06% |
Revenue Q/Q Growth |
|
3.25% |
-7.01% |
6.55% |
6.99% |
-0.39% |
-0.14% |
1.94% |
1.73% |
-0.54% |
1.82% |
EBITDA Q/Q Growth |
|
-30.64% |
-27.12% |
29.76% |
11.51% |
0.64% |
10.77% |
6.01% |
-6.35% |
-15.30% |
17.53% |
EBIT Q/Q Growth |
|
-30.52% |
-30.24% |
34.54% |
17.61% |
-1.01% |
6.41% |
5.27% |
-5.71% |
-14.40% |
19.25% |
NOPAT Q/Q Growth |
|
16.15% |
-39.83% |
-47.37% |
50.92% |
9.89% |
1.91% |
3.29% |
4.86% |
-23.09% |
15.67% |
Net Income Q/Q Growth |
|
10.98% |
-39.51% |
-47.66% |
50.92% |
9.89% |
1.91% |
3.29% |
4.86% |
-23.09% |
15.67% |
EPS Q/Q Growth |
|
10.90% |
-39.77% |
-48.48% |
51.50% |
10.79% |
5.01% |
5.33% |
6.40% |
-22.39% |
16.46% |
Operating Cash Flow Q/Q Growth |
|
40.64% |
-13.69% |
-20.39% |
35.69% |
-6.39% |
3.14% |
13.56% |
-9.46% |
1.85% |
-2.05% |
Free Cash Flow Firm Q/Q Growth |
|
85.80% |
-359.90% |
194.33% |
40.07% |
-45.81% |
-4.81% |
21.17% |
-17.72% |
-252.92% |
107.42% |
Invested Capital Q/Q Growth |
|
0.65% |
3.92% |
-4.11% |
-4.36% |
0.32% |
0.76% |
-1.68% |
10.41% |
12.06% |
0.37% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
19.90% |
18.17% |
19.46% |
29.87% |
29.56% |
26.18% |
49.47% |
43.16% |
24.87% |
20.54% |
EBIT Margin |
|
20.68% |
17.11% |
17.62% |
30.90% |
33.24% |
26.11% |
47.85% |
40.30% |
24.28% |
27.08% |
Profit (Net Income) Margin |
|
46.43% |
12.60% |
5.61% |
25.89% |
27.26% |
21.39% |
35.96% |
35.98% |
19.46% |
20.88% |
Tax Burden Percent |
|
224.50% |
73.62% |
31.81% |
83.79% |
82.01% |
81.90% |
75.16% |
89.28% |
80.13% |
77.10% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
-124.16% |
26.77% |
68.19% |
16.21% |
17.99% |
18.10% |
24.84% |
10.72% |
19.87% |
22.90% |
Return on Invested Capital (ROIC) |
|
14.00% |
3.07% |
1.50% |
8.77% |
9.40% |
6.90% |
12.90% |
17.48% |
9.24% |
9.44% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
14.08% |
3.14% |
1.50% |
8.77% |
9.40% |
6.90% |
12.90% |
17.48% |
9.24% |
9.44% |
Return on Net Nonoperating Assets (RNNOA) |
|
5.10% |
1.13% |
0.59% |
2.96% |
2.32% |
1.51% |
2.69% |
4.44% |
2.48% |
1.98% |
Return on Equity (ROE) |
|
19.11% |
4.21% |
2.09% |
11.73% |
11.72% |
8.41% |
15.58% |
21.92% |
11.72% |
11.42% |
Cash Return on Invested Capital (CROIC) |
|
1.96% |
-3.83% |
3.25% |
10.96% |
4.65% |
6.04% |
16.35% |
43.33% |
-3.25% |
0.77% |
Operating Return on Assets (OROA) |
|
1.16% |
0.79% |
0.82% |
1.61% |
1.64% |
1.05% |
1.76% |
1.73% |
0.98% |
1.11% |
Return on Assets (ROA) |
|
2.60% |
0.58% |
0.26% |
1.35% |
1.35% |
0.86% |
1.33% |
1.55% |
0.78% |
0.85% |
Return on Common Equity (ROCE) |
|
18.90% |
4.17% |
2.07% |
11.62% |
11.62% |
8.36% |
15.53% |
21.82% |
11.66% |
11.37% |
Return on Equity Simple (ROE_SIMPLE) |
|
17.54% |
4.17% |
2.11% |
11.37% |
11.15% |
8.40% |
15.66% |
26.94% |
10.52% |
10.94% |
Net Operating Profit after Tax (NOPAT) |
|
894 |
216 |
108 |
618 |
671 |
507 |
935 |
1,103 |
541 |
614 |
NOPAT Margin |
|
46.36% |
12.53% |
5.61% |
25.89% |
27.26% |
21.39% |
35.96% |
35.98% |
19.46% |
20.88% |
Net Nonoperating Expense Percent (NNEP) |
|
-0.08% |
-0.06% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
35.08% |
39.44% |
35.89% |
33.05% |
34.39% |
43.80% |
43.00% |
40.54% |
47.16% |
47.47% |
Operating Expenses to Revenue |
|
66.80% |
73.00% |
65.44% |
59.55% |
60.02% |
61.54% |
59.59% |
56.99% |
68.22% |
64.18% |
Earnings before Interest and Taxes (EBIT) |
|
399 |
294 |
339 |
738 |
818 |
619 |
1,244 |
1,235 |
676 |
797 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
384 |
313 |
374 |
713 |
728 |
620 |
1,286 |
1,322 |
692 |
604 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.47 |
0.72 |
0.60 |
0.75 |
0.77 |
0.72 |
1.03 |
1.10 |
1.13 |
1.17 |
Price to Tangible Book Value (P/TBV) |
|
0.54 |
0.83 |
0.69 |
0.87 |
0.87 |
0.82 |
1.18 |
1.38 |
1.34 |
1.37 |
Price to Revenue (P/Rev) |
|
1.23 |
2.16 |
1.58 |
1.70 |
1.86 |
1.83 |
2.36 |
1.46 |
2.07 |
2.23 |
Price to Earnings (P/E) |
|
2.65 |
17.41 |
29.27 |
6.60 |
6.84 |
8.60 |
6.58 |
4.06 |
10.68 |
10.68 |
Dividend Yield |
|
1.32% |
2.09% |
3.35% |
2.47% |
2.33% |
3.10% |
2.28% |
3.54% |
2.84% |
2.72% |
Earnings Yield |
|
37.71% |
5.74% |
3.42% |
15.15% |
14.61% |
11.62% |
15.20% |
24.64% |
9.36% |
9.36% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.24 |
0.36 |
0.00 |
0.15 |
0.31 |
0.00 |
0.00 |
0.00 |
0.00 |
0.14 |
Enterprise Value to Revenue (EV/Rev) |
|
0.85 |
1.50 |
0.00 |
0.45 |
0.92 |
0.00 |
0.00 |
0.00 |
0.00 |
0.32 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
4.25 |
8.27 |
0.00 |
1.51 |
3.11 |
0.00 |
0.00 |
0.00 |
0.00 |
1.56 |
Enterprise Value to EBIT (EV/EBIT) |
|
4.09 |
8.78 |
0.00 |
1.46 |
2.76 |
0.00 |
0.00 |
0.00 |
0.00 |
1.19 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
1.82 |
11.99 |
0.00 |
1.74 |
3.37 |
0.00 |
0.00 |
0.00 |
0.00 |
1.54 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
2.43 |
4.33 |
0.00 |
1.27 |
3.21 |
0.00 |
0.00 |
0.00 |
0.00 |
1.40 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
13.01 |
0.00 |
0.00 |
1.40 |
6.81 |
0.00 |
0.00 |
0.00 |
0.00 |
18.78 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.33 |
0.40 |
0.40 |
0.28 |
0.22 |
0.22 |
0.19 |
0.34 |
0.21 |
0.21 |
Long-Term Debt to Equity |
|
0.33 |
0.30 |
0.30 |
0.23 |
0.18 |
0.20 |
0.17 |
0.22 |
0.19 |
0.16 |
Financial Leverage |
|
0.36 |
0.36 |
0.40 |
0.34 |
0.25 |
0.22 |
0.21 |
0.25 |
0.27 |
0.21 |
Leverage Ratio |
|
7.35 |
7.22 |
8.05 |
8.72 |
8.71 |
9.80 |
11.75 |
14.18 |
14.98 |
13.36 |
Compound Leverage Factor |
|
7.35 |
7.22 |
8.05 |
8.72 |
8.71 |
9.80 |
11.75 |
14.18 |
14.98 |
13.36 |
Debt to Total Capital |
|
24.58% |
28.34% |
28.39% |
22.05% |
17.71% |
18.25% |
16.21% |
25.49% |
17.32% |
17.32% |
Short-Term Debt to Total Capital |
|
0.02% |
6.63% |
6.83% |
4.04% |
2.64% |
1.64% |
2.34% |
9.35% |
1.47% |
4.12% |
Long-Term Debt to Total Capital |
|
24.56% |
21.71% |
21.56% |
18.01% |
15.07% |
16.61% |
13.88% |
16.14% |
15.85% |
13.20% |
Preferred Equity to Total Capital |
|
0.74% |
0.69% |
0.70% |
0.72% |
0.69% |
0.30% |
0.31% |
0.40% |
0.36% |
0.33% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
74.68% |
70.97% |
70.91% |
77.23% |
81.60% |
81.45% |
83.48% |
74.11% |
82.32% |
82.35% |
Debt to EBITDA |
|
4.33 |
6.58 |
5.41 |
2.16 |
1.78 |
2.17 |
0.90 |
1.06 |
1.56 |
1.95 |
Net Debt to EBITDA |
|
-2.04 |
-3.75 |
-9.72 |
-4.24 |
-3.24 |
-17.39 |
-13.07 |
-3.54 |
-9.16 |
-9.31 |
Long-Term Debt to EBITDA |
|
4.33 |
5.04 |
4.11 |
1.76 |
1.51 |
1.98 |
0.77 |
0.67 |
1.43 |
1.48 |
Debt to NOPAT |
|
1.86 |
9.54 |
18.79 |
2.49 |
1.93 |
2.66 |
1.24 |
1.27 |
1.99 |
1.91 |
Net Debt to NOPAT |
|
-0.88 |
-5.44 |
-33.75 |
-4.90 |
-3.51 |
-21.29 |
-17.98 |
-4.25 |
-11.71 |
-9.16 |
Long-Term Debt to NOPAT |
|
1.86 |
7.31 |
14.27 |
2.03 |
1.64 |
2.42 |
1.06 |
0.80 |
1.82 |
1.46 |
Noncontrolling Interest Sharing Ratio |
|
1.07% |
0.97% |
0.97% |
0.95% |
0.88% |
0.60% |
0.37% |
0.44% |
0.48% |
0.41% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
125 |
-269 |
234 |
773 |
332 |
443 |
1,185 |
2,733 |
-190 |
50 |
Operating Cash Flow to CapEx |
|
1,069.55% |
594.67% |
1,015.17% |
1,052.16% |
932.22% |
1,129.91% |
1,381.07% |
977.50% |
330.03% |
316.16% |
Free Cash Flow to Firm to Interest Expense |
|
0.65 |
-1.27 |
1.04 |
2.69 |
0.90 |
1.89 |
7.18 |
9.16 |
-0.17 |
0.04 |
Operating Cash Flow to Interest Expense |
|
3.45 |
2.81 |
2.84 |
2.95 |
1.91 |
2.89 |
6.09 |
3.40 |
0.62 |
0.49 |
Operating Cash Flow Less CapEx to Interest Expense |
|
3.13 |
2.34 |
2.56 |
2.67 |
1.71 |
2.63 |
5.65 |
3.05 |
0.43 |
0.33 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.06 |
0.05 |
0.05 |
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
3.87 |
3.29 |
3.52 |
4.27 |
4.37 |
4.44 |
5.18 |
6.17 |
5.23 |
5.04 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
6,769 |
7,253 |
7,127 |
6,973 |
7,312 |
7,375 |
7,125 |
5,494 |
6,225 |
6,789 |
Invested Capital Turnover |
|
0.30 |
0.25 |
0.27 |
0.34 |
0.34 |
0.32 |
0.36 |
0.49 |
0.47 |
0.45 |
Increase / (Decrease) in Invested Capital |
|
769 |
484 |
-126 |
-155 |
339 |
63 |
-250 |
-1,631 |
732 |
564 |
Enterprise Value (EV) |
|
1,631 |
2,584 |
-541 |
1,078 |
2,262 |
-6,419 |
-10,646 |
-192 |
-552 |
945 |
Market Capitalization |
|
2,364 |
3,707 |
3,043 |
4,056 |
4,567 |
4,344 |
6,142 |
4,469 |
5,766 |
6,547 |
Book Value per Share |
|
$48.80 |
$49.60 |
$49.52 |
$53.66 |
$61.68 |
$71.29 |
$74.47 |
$56.65 |
$70.93 |
$80.32 |
Tangible Book Value per Share |
|
$42.19 |
$43.12 |
$43.02 |
$46.70 |
$54.44 |
$63.06 |
$65.25 |
$44.96 |
$59.66 |
$68.69 |
Total Capital |
|
6,769 |
7,253 |
7,127 |
6,973 |
7,312 |
7,375 |
7,125 |
5,494 |
6,225 |
6,789 |
Total Debt |
|
1,664 |
2,055 |
2,023 |
1,538 |
1,295 |
1,346 |
1,155 |
1,400 |
1,078 |
1,176 |
Total Long-Term Debt |
|
1,663 |
1,575 |
1,536 |
1,256 |
1,102 |
1,225 |
989 |
887 |
987 |
896 |
Net Debt |
|
-784 |
-1,173 |
-3,634 |
-3,027 |
-2,356 |
-10,786 |
-16,810 |
-4,684 |
-6,341 |
-5,624 |
Capital Expenditures (CapEx) |
|
63 |
100 |
63 |
81 |
76 |
60 |
73 |
104 |
208 |
213 |
Net Nonoperating Expense (NNE) |
|
-1.35 |
-1.14 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,664 |
2,055 |
2,023 |
1,538 |
1,295 |
1,346 |
1,155 |
1,400 |
1,078 |
1,176 |
Total Depreciation and Amortization (D&A) |
|
-15 |
18 |
35 |
-25 |
-91 |
1.55 |
42 |
88 |
16 |
-192 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$8.66 |
$2.06 |
$1.02 |
$6.07 |
$6.89 |
$5.88 |
$11.49 |
$14.65 |
$7.53 |
$8.56 |
Adjusted Weighted Average Basic Shares Outstanding |
|
103.67M |
103.80M |
102.17M |
100.07M |
88.58M |
84.26M |
79.92M |
71.87M |
72.25M |
69.61M |
Adjusted Diluted Earnings per Share |
|
$8.65 |
$2.06 |
$1.02 |
$6.06 |
$6.88 |
$5.87 |
$11.46 |
$14.63 |
$7.52 |
$8.56 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
103.67M |
103.80M |
102.17M |
100.07M |
88.58M |
84.26M |
79.92M |
71.87M |
72.25M |
69.61M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
103.67M |
103.80M |
102.17M |
100.07M |
88.58M |
84.26M |
79.92M |
71.87M |
72.25M |
69.61M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
292 |
218 |
237 |
629 |
671 |
507 |
935 |
1,111 |
560 |
614 |
Normalized NOPAT Margin |
|
15.14% |
12.69% |
12.33% |
26.33% |
27.26% |
21.39% |
35.96% |
36.24% |
20.12% |
20.88% |
Pre Tax Income Margin |
|
20.68% |
17.11% |
17.62% |
30.90% |
33.24% |
26.11% |
47.85% |
40.30% |
24.28% |
27.08% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
2.06 |
1.39 |
1.51 |
2.57 |
2.22 |
2.63 |
7.54 |
4.14 |
0.61 |
0.57 |
NOPAT to Interest Expense |
|
4.61 |
1.01 |
0.48 |
2.15 |
1.82 |
2.16 |
5.66 |
3.69 |
0.49 |
0.44 |
EBIT Less CapEx to Interest Expense |
|
1.73 |
0.91 |
1.23 |
2.29 |
2.01 |
2.38 |
7.10 |
3.79 |
0.42 |
0.42 |
NOPAT Less CapEx to Interest Expense |
|
4.28 |
0.54 |
0.20 |
1.87 |
1.61 |
1.90 |
5.22 |
3.35 |
0.30 |
0.29 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
2.15% |
30.43% |
89.07% |
17.06% |
17.26% |
26.38% |
15.13% |
14.65% |
29.53% |
29.38% |
Augmented Payout Ratio |
|
2.26% |
30.69% |
159.34% |
37.32% |
54.59% |
125.17% |
52.63% |
71.96% |
29.62% |
64.21% |
Quarterly Metrics And Ratios for Popular
This table displays calculated financial ratios and metrics derived from Popular's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
52.75% |
7.82% |
6.87% |
0.13% |
-31.06% |
-2.10% |
3.02% |
6.14% |
6.20% |
7.47% |
EBITDA Growth |
|
48.00% |
-29.78% |
-25.60% |
-32.02% |
-65.43% |
-59.10% |
-43.19% |
-25.75% |
-16.58% |
104.21% |
EBIT Growth |
|
47.86% |
-26.57% |
-21.69% |
-29.38% |
-62.79% |
-54.97% |
-22.62% |
12.12% |
8.39% |
138.13% |
NOPAT Growth |
|
70.24% |
24.79% |
-24.90% |
-28.50% |
-67.66% |
-63.21% |
-35.03% |
17.62% |
13.70% |
87.98% |
Net Income Growth |
|
70.24% |
24.79% |
-24.90% |
-28.50% |
-67.66% |
-63.21% |
-35.03% |
17.62% |
13.70% |
87.98% |
EPS Growth |
|
84.47% |
33.98% |
-17.47% |
-24.19% |
-66.67% |
-62.54% |
-35.59% |
17.14% |
13.68% |
93.08% |
Operating Cash Flow Growth |
|
47.27% |
-34.52% |
-22.39% |
-32.58% |
-62.22% |
6.19% |
5.57% |
-59.44% |
91.69% |
-6.60% |
Free Cash Flow Firm Growth |
|
738.30% |
313.60% |
-98.96% |
-128.84% |
-116.45% |
-133.74% |
-1,425.79% |
57.55% |
-137.89% |
39.38% |
Invested Capital Growth |
|
-31.33% |
-22.89% |
2.47% |
14.08% |
11.65% |
13.32% |
5.73% |
7.14% |
21.76% |
9.06% |
Revenue Q/Q Growth |
|
45.55% |
-28.63% |
-3.40% |
-0.21% |
0.21% |
1.35% |
1.66% |
2.81% |
0.26% |
2.57% |
EBITDA Q/Q Growth |
|
60.73% |
-58.09% |
2.93% |
-1.95% |
-18.27% |
-50.42% |
42.97% |
28.16% |
-8.17% |
21.37% |
EBIT Q/Q Growth |
|
77.91% |
-57.83% |
-0.72% |
-5.18% |
-6.26% |
-48.97% |
70.60% |
37.39% |
-9.38% |
12.11% |
NOPAT Q/Q Growth |
|
99.79% |
-39.12% |
-38.17% |
-4.92% |
-9.63% |
-30.76% |
9.19% |
72.14% |
-12.64% |
14.48% |
Net Income Q/Q Growth |
|
99.79% |
-39.12% |
-38.17% |
-4.92% |
-9.63% |
-30.76% |
9.19% |
72.14% |
-12.64% |
14.48% |
EPS Q/Q Growth |
|
105.78% |
-39.12% |
-36.02% |
-5.41% |
-9.52% |
-31.58% |
10.00% |
72.03% |
-12.20% |
16.20% |
Operating Cash Flow Q/Q Growth |
|
9.50% |
-37.55% |
-23.91% |
29.57% |
-38.64% |
75.55% |
-24.36% |
-50.21% |
189.95% |
-14.47% |
Free Cash Flow Firm Q/Q Growth |
|
31.94% |
-29.89% |
-99.07% |
-3,448.23% |
24.76% |
-43.81% |
63.41% |
-7.22% |
-321.63% |
63.36% |
Invested Capital Q/Q Growth |
|
-5.27% |
10.41% |
6.91% |
2.02% |
-7.29% |
12.06% |
-0.25% |
3.39% |
5.36% |
0.37% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
50.15% |
29.45% |
31.38% |
30.83% |
25.15% |
12.30% |
17.30% |
21.57% |
19.76% |
23.38% |
EBIT Margin |
|
48.74% |
28.80% |
29.60% |
28.12% |
26.31% |
13.25% |
22.23% |
29.71% |
26.85% |
29.35% |
Profit (Net Income) Margin |
|
41.98% |
35.81% |
22.92% |
21.84% |
19.70% |
13.46% |
14.45% |
24.20% |
21.09% |
23.54% |
Tax Burden Percent |
|
86.14% |
124.35% |
77.44% |
77.65% |
74.87% |
101.59% |
65.02% |
81.46% |
78.53% |
80.19% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
13.86% |
-24.35% |
22.56% |
22.35% |
25.13% |
-1.59% |
34.98% |
18.54% |
21.47% |
19.81% |
Return on Invested Capital (ROIC) |
|
20.69% |
17.39% |
12.28% |
12.08% |
10.46% |
6.39% |
6.71% |
11.10% |
9.89% |
10.64% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
20.69% |
17.39% |
12.28% |
12.08% |
10.46% |
6.39% |
6.71% |
11.10% |
9.89% |
10.64% |
Return on Net Nonoperating Assets (RNNOA) |
|
5.50% |
4.42% |
3.31% |
3.25% |
3.09% |
1.71% |
1.69% |
2.76% |
2.00% |
2.23% |
Return on Equity (ROE) |
|
26.19% |
21.81% |
15.59% |
15.33% |
13.55% |
8.10% |
8.40% |
13.86% |
11.89% |
12.87% |
Cash Return on Invested Capital (CROIC) |
|
54.36% |
43.33% |
15.66% |
4.44% |
2.36% |
-3.25% |
2.47% |
1.36% |
-11.01% |
0.77% |
Operating Return on Assets (OROA) |
|
2.03% |
1.24% |
1.34% |
1.23% |
1.05% |
0.53% |
0.90% |
1.18% |
1.10% |
1.20% |
Return on Assets (ROA) |
|
1.75% |
1.54% |
1.04% |
0.95% |
0.78% |
0.54% |
0.58% |
0.96% |
0.86% |
0.96% |
Return on Common Equity (ROCE) |
|
26.07% |
21.72% |
15.51% |
15.26% |
13.48% |
8.07% |
8.36% |
13.80% |
11.84% |
12.81% |
Return on Equity Simple (ROE_SIMPLE) |
|
28.62% |
0.00% |
23.48% |
21.68% |
15.79% |
0.00% |
9.38% |
9.53% |
9.17% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
422 |
257 |
159 |
151 |
137 |
95 |
103 |
178 |
155 |
178 |
NOPAT Margin |
|
41.98% |
35.81% |
22.92% |
21.84% |
19.70% |
13.46% |
14.45% |
24.20% |
21.09% |
23.54% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
32.07% |
46.54% |
46.23% |
47.05% |
47.03% |
48.34% |
49.46% |
46.28% |
47.97% |
46.27% |
Operating Expenses to Revenue |
|
47.32% |
64.30% |
63.53% |
66.50% |
67.19% |
75.56% |
67.61% |
63.92% |
63.45% |
61.90% |
Earnings before Interest and Taxes (EBIT) |
|
490 |
207 |
205 |
195 |
182 |
93 |
159 |
218 |
198 |
222 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
505 |
211 |
218 |
213 |
174 |
86 |
124 |
158 |
146 |
177 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.37 |
1.10 |
0.90 |
0.93 |
1.00 |
1.13 |
1.24 |
1.20 |
1.24 |
1.17 |
Price to Tangible Book Value (P/TBV) |
|
1.78 |
1.38 |
1.11 |
1.14 |
1.22 |
1.34 |
1.47 |
1.41 |
1.44 |
1.37 |
Price to Revenue (P/Rev) |
|
1.66 |
1.46 |
1.29 |
1.36 |
1.58 |
2.07 |
2.27 |
2.25 |
2.48 |
2.23 |
Price to Earnings (P/E) |
|
4.77 |
4.06 |
3.81 |
4.28 |
6.29 |
10.68 |
13.15 |
12.52 |
13.50 |
10.68 |
Dividend Yield |
|
3.05% |
3.54% |
3.96% |
3.75% |
3.59% |
2.84% |
2.66% |
2.73% |
2.47% |
2.72% |
Earnings Yield |
|
20.96% |
24.64% |
26.23% |
23.35% |
15.91% |
9.36% |
7.61% |
7.99% |
7.41% |
9.36% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.07 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.19 |
0.04 |
0.18 |
0.14 |
Enterprise Value to Revenue (EV/Rev) |
|
0.11 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.42 |
0.09 |
0.41 |
0.32 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.24 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.96 |
0.47 |
2.31 |
1.56 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.26 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.86 |
0.39 |
1.78 |
1.19 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.32 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2.41 |
0.50 |
2.24 |
1.54 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.30 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.69 |
0.44 |
1.72 |
1.40 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.10 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
7.85 |
3.01 |
0.00 |
18.78 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.35 |
0.34 |
0.31 |
0.31 |
0.25 |
0.21 |
0.20 |
0.19 |
0.17 |
0.21 |
Long-Term Debt to Equity |
|
0.24 |
0.22 |
0.29 |
0.29 |
0.23 |
0.19 |
0.19 |
0.18 |
0.16 |
0.16 |
Financial Leverage |
|
0.27 |
0.25 |
0.27 |
0.27 |
0.30 |
0.27 |
0.25 |
0.25 |
0.20 |
0.21 |
Leverage Ratio |
|
15.01 |
14.18 |
15.01 |
16.07 |
17.27 |
14.98 |
14.37 |
14.46 |
13.76 |
13.36 |
Compound Leverage Factor |
|
15.01 |
14.18 |
15.01 |
16.07 |
17.27 |
14.98 |
14.37 |
14.46 |
13.76 |
13.36 |
Debt to Total Capital |
|
26.15% |
25.49% |
23.88% |
23.82% |
19.76% |
17.32% |
16.63% |
16.31% |
14.40% |
17.32% |
Short-Term Debt to Total Capital |
|
8.29% |
9.35% |
2.10% |
2.06% |
1.68% |
1.47% |
1.06% |
1.65% |
0.82% |
4.12% |
Long-Term Debt to Total Capital |
|
17.86% |
16.14% |
21.78% |
21.76% |
18.08% |
15.85% |
15.56% |
14.67% |
13.58% |
13.20% |
Preferred Equity to Total Capital |
|
0.45% |
0.40% |
0.38% |
0.37% |
0.40% |
0.36% |
0.36% |
0.34% |
0.33% |
0.33% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
73.41% |
74.11% |
75.74% |
75.81% |
79.84% |
82.32% |
83.02% |
83.34% |
85.28% |
82.35% |
Debt to EBITDA |
|
0.92 |
1.06 |
1.12 |
1.24 |
1.34 |
1.56 |
1.73 |
1.93 |
1.89 |
1.95 |
Net Debt to EBITDA |
|
-3.32 |
-3.54 |
-4.13 |
-6.66 |
-7.13 |
-9.16 |
-8.72 |
-11.35 |
-11.64 |
-9.31 |
Long-Term Debt to EBITDA |
|
0.63 |
0.67 |
1.03 |
1.14 |
1.23 |
1.43 |
1.62 |
1.73 |
1.79 |
1.48 |
Debt to NOPAT |
|
1.24 |
1.27 |
1.34 |
1.44 |
1.56 |
1.99 |
2.13 |
2.04 |
1.83 |
1.91 |
Net Debt to NOPAT |
|
-4.46 |
-4.25 |
-4.91 |
-7.72 |
-8.28 |
-11.71 |
-10.74 |
-12.03 |
-11.27 |
-9.16 |
Long-Term Debt to NOPAT |
|
0.85 |
0.80 |
1.22 |
1.32 |
1.43 |
1.82 |
1.99 |
1.84 |
1.73 |
1.46 |
Noncontrolling Interest Sharing Ratio |
|
0.46% |
0.44% |
0.48% |
0.50% |
0.54% |
0.48% |
0.46% |
0.45% |
0.43% |
0.41% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
2,693 |
1,888 |
18 |
-589 |
-443 |
-637 |
-233 |
-250 |
-1,054 |
-386 |
Operating Cash Flow to CapEx |
|
1,142.44% |
560.22% |
424.40% |
402.41% |
252.13% |
286.90% |
299.81% |
193.73% |
404.41% |
330.67% |
Free Cash Flow to Firm to Interest Expense |
|
37.60 |
12.29 |
0.08 |
-2.24 |
-1.43 |
-1.91 |
-0.68 |
-0.71 |
-2.89 |
-1.17 |
Operating Cash Flow to Interest Expense |
|
4.50 |
1.31 |
0.74 |
0.76 |
0.39 |
0.64 |
0.47 |
0.23 |
0.64 |
0.61 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.10 |
1.08 |
0.56 |
0.57 |
0.24 |
0.42 |
0.31 |
0.11 |
0.48 |
0.42 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
6.15 |
6.17 |
6.24 |
6.13 |
5.45 |
5.23 |
5.11 |
5.07 |
4.99 |
5.04 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
4,976 |
5,494 |
5,873 |
5,992 |
5,555 |
6,225 |
6,210 |
6,420 |
6,764 |
6,789 |
Invested Capital Turnover |
|
0.49 |
0.49 |
0.54 |
0.55 |
0.53 |
0.47 |
0.46 |
0.46 |
0.47 |
0.45 |
Increase / (Decrease) in Invested Capital |
|
-2,271 |
-1,631 |
141 |
740 |
580 |
732 |
336 |
428 |
1,209 |
564 |
Enterprise Value (EV) |
|
341 |
-192 |
-1,139 |
-3,389 |
-1,389 |
-552 |
1,172 |
255 |
1,187 |
945 |
Market Capitalization |
|
5,010 |
4,469 |
3,997 |
4,232 |
4,416 |
5,766 |
6,366 |
6,397 |
7,150 |
6,547 |
Book Value per Share |
|
$50.25 |
$56.65 |
$61.81 |
$62.98 |
$61.47 |
$70.93 |
$71.33 |
$73.97 |
$80.90 |
$80.32 |
Tangible Book Value per Share |
|
$38.68 |
$44.96 |
$50.14 |
$51.35 |
$50.18 |
$59.66 |
$60.08 |
$62.73 |
$69.51 |
$68.69 |
Total Capital |
|
4,976 |
5,494 |
5,873 |
5,992 |
5,555 |
6,225 |
6,210 |
6,420 |
6,764 |
6,789 |
Total Debt |
|
1,301 |
1,400 |
1,403 |
1,427 |
1,098 |
1,078 |
1,032 |
1,047 |
974 |
1,176 |
Total Long-Term Debt |
|
889 |
887 |
1,279 |
1,304 |
1,005 |
987 |
966 |
942 |
918 |
896 |
Net Debt |
|
-4,691 |
-4,684 |
-5,158 |
-7,643 |
-5,827 |
-6,341 |
-5,217 |
-6,164 |
-5,985 |
-5,624 |
Capital Expenditures (CapEx) |
|
28 |
36 |
36 |
49 |
48 |
74 |
54 |
42 |
58 |
60 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,301 |
1,400 |
1,403 |
1,427 |
1,098 |
1,078 |
1,032 |
1,047 |
974 |
1,176 |
Total Depreciation and Amortization (D&A) |
|
14 |
4.67 |
12 |
19 |
-8.05 |
-6.63 |
-35 |
-60 |
-52 |
-45 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$5.71 |
$3.48 |
$2.22 |
$2.10 |
$1.90 |
$1.31 |
$1.43 |
$2.47 |
$2.16 |
$2.50 |
Adjusted Weighted Average Basic Shares Outstanding |
|
72.69M |
71.87M |
71.97M |
72.13M |
72.15M |
72.25M |
72.27M |
72.34M |
71.31M |
69.61M |
Adjusted Diluted Earnings per Share |
|
$5.70 |
$3.47 |
$2.22 |
$2.10 |
$1.90 |
$1.30 |
$1.43 |
$2.46 |
$2.16 |
$2.51 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
72.69M |
71.87M |
71.97M |
72.13M |
72.15M |
72.25M |
72.27M |
72.34M |
71.31M |
69.61M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
72.69M |
71.87M |
71.97M |
72.13M |
72.15M |
72.25M |
72.27M |
72.34M |
71.31M |
69.61M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
430 |
145 |
159 |
151 |
154 |
65 |
103 |
178 |
155 |
178 |
Normalized NOPAT Margin |
|
42.75% |
20.16% |
22.92% |
21.84% |
22.18% |
9.27% |
14.45% |
24.20% |
21.09% |
23.54% |
Pre Tax Income Margin |
|
48.74% |
28.80% |
29.60% |
28.12% |
26.31% |
13.25% |
22.23% |
29.71% |
26.85% |
29.35% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
6.85 |
1.35 |
0.99 |
0.74 |
0.59 |
0.28 |
0.46 |
0.62 |
0.54 |
0.67 |
NOPAT to Interest Expense |
|
5.90 |
1.67 |
0.77 |
0.58 |
0.44 |
0.28 |
0.30 |
0.50 |
0.43 |
0.54 |
EBIT Less CapEx to Interest Expense |
|
6.45 |
1.11 |
0.82 |
0.55 |
0.43 |
0.06 |
0.31 |
0.50 |
0.38 |
0.49 |
NOPAT Less CapEx to Interest Expense |
|
5.50 |
1.44 |
0.59 |
0.39 |
0.28 |
0.06 |
0.14 |
0.39 |
0.27 |
0.36 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
15.01% |
14.65% |
15.73% |
16.43% |
22.74% |
29.53% |
33.97% |
33.22% |
33.08% |
29.38% |
Augmented Payout Ratio |
|
75.09% |
71.96% |
37.78% |
39.83% |
22.82% |
29.62% |
34.07% |
33.33% |
44.30% |
64.21% |
Key Financial Trends
Over the last two years spanning Q3 2022 through Q4 2024, Popular, Inc. (NASDAQ: BPOP) has demonstrated steady financial performance with some noteworthy trends in revenue, expenses, and balance sheet strength.
Revenue and Income Trends:
- Net interest income has generally increased, from approximately $579 million in Q3 2022 to about $590 million in Q4 2024, reflecting growth in loans and leases interest income and other interest sources.
- Consolidated net income rose from $136 million in Q3 2023 to $178 million in Q4 2024, indicating improved profitability.
- Basic earnings per share (EPS) increased from $1.90 in Q3 2023 to $2.50 in Q4 2024, showing EPS growth supporting shareholder value.
Expense and Loss Provisions:
- Provision for credit losses remained elevated but showed some fluctuation, with $39.6 million in Q3 2022 peaking to over $71 million in Q3 2024 before slightly easing to $66 million in Q4 2024, reflecting ongoing credit risk concerns.
- Total non-interest expenses increased from approximately $465 million in Q3 2022 to $468 million in Q4 2024, suggesting higher operational costs impacting earnings.
- Marketing, salaries, and other operating expenses have steadily climbed, with salaries and employee benefits rising from about $193 million in Q3 2022 to almost $206 million in Q4 2024.
Cash Flow and Capital Management:
- Net cash provided by operating activities consistently remains strong, with $121 million in Q3 2023 growing to $199 million in Q4 2024, signaling solid core business cash generation.
- Investing activities consistently show net cash outflows due to large investments in securities (e.g., -$17.8 billion in Q4 2022, -$9.9 billion in Q4 2024 purchases), which may pressure liquidity if not balanced well.
- Financing activities reflect both debt issuance and repayments, as well as significant repurchases of common equity (e.g., $154 million repurchased in Q4 2024), which balance between returning value to shareholders and managing leverage.
Balance Sheet Observations:
- Total assets grew from about $70.7 billion in Q3 2022 to $71.3 billion in Q3 2024, showing asset expansion with strong loan and lease growth up to approximately $36.2 billion by Q3 2024.
- Allowance for loan and lease losses fluctuated but remained relatively low compared to total loans (ranging from around $5 million to $7 million), indicating cautious credit loss reserving.
- Common equity also increased from roughly $3.65 billion in Q3 2022 to $5.77 billion in Q3 2024, strengthening the capital base.
Summary: Popular, Inc. has shown consistent improvement in net interest income and profitability over the analyzed period, supported by growing loan volumes and solid operating cash flows. However, rising operating expenses and volatile credit loss provisions pose risks that investors should monitor. The company maintains a strong balance sheet with steady growth in assets and common equity, alongside significant investments in securities that could affect liquidity profiles. Overall, the financial trends suggest moderate positive momentum tempered by operational cost pressures and credit risk considerations.
08/29/25 07:26 AM ETAI Generated. May Contain Errors.