REPORTED FINE $25 TODAY: $2.50 PRE-SPLIT | BPOP Message Board Posts


Popular, Inc.

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Msg  14 of 15  at  1/24/2013 2:00:31 PM  by

mlkrborn


REPORTED FINE $25 TODAY: $2.50 PRE-SPLIT

Popular, Inc. Reports Net Income of $83.9 million for the Fourth Quarter and $245.3 million for the Year Ended December 31, 2012
Significant progress in credit quality (excluding covered loans):
Non-performing loans held-in-portfolio declined by $125.4 million or 8% from Q3 2012, and down 39% from Q3 2010 peak; lowest level since Q2 2009;
Inflows of commercial, construction and legacy non-performing loans held-in-portfolio for Q4 2012 down by $72.9 million, or 51%, from Q3 2012, and down $401.9 million, or 47%, year over year;
Non-performing assets decreased by $384.4 million, or 18%, year over year;
Net charge-offs of $100.9 million for Q4 2012, vs. $95.8 million for Q3 2012, and $126.0 million for Q4 2011;
Net charge-offs declined $131.3 million, or 25%, year over year.
Net interest margin increased to 4.41% in Q4 2012
Average balance of non-covered loans grew by $361.1 million in Q4 2012, reflecting strong mortgage and commercial originations in Puerto Rico and purchases of high-quality U.S. mortgages
Common Equity Tier 1 ratio of 13.18% and Tangible Book Value per Share of $32.55 at December 31, 2012; capital exceeds well-capitalized threshold by $1.9 billion


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