- The net interest margin for the third quarter was 3.24%, which did not meet the estimated margin of 3.41% but showed an improvement from 3.07% year-over-year.
- The Common Equity Tier 1 ratio stood at 16.4%, matching the estimate but showing a slight decrease from 16.8% year-over-year.
- Earnings per Share (EPS) increased to $2.16, up from $1.90 the previous year.
- Total deposits reached $63.67 billion, marking a 0.5% year-over-year growth, although falling short of the $65.54 billion estimate.
- The company received 6 buy ratings, 3 hold ratings, and no sell ratings from analysts.
A look at Popular Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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 operating in various regions, has received a mix of Smart Scores indicating its overall outlook. With a top score of 5 in Value, the company is perceived as having strong fundamental value. This is complemented by respectable scores of 4 in both Dividend and Growth, suggesting a stable dividend payout and potential for future growth. However, Popular Inc scored a 2 in Resilience, hinting at some vulnerability in adverse conditions. On the bright side, the company received a perfect 5 in Momentum, indicating strong positive market trends.
Popular Inc, a bank holding company with a diverse range of financial services, seems to have a promising long-term outlook based on its Smart Scores. Despite facing some challenges in resilience, the company’s solid value, dividend potential, growth prospects, and positive market momentum bode well for its future performance. Investors may find Popular Inc an attractive option considering its overall positive scores across key factors that influence its financial well-being.
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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