Popular Inc Reports Strong Q2 Earnings And Announces Leadership Transition
Popular Inc (NASDAQ:BPOP) reported a strong second quarter with net income of $278 million or $4.35 per share, up 15% from the prior quarter and 41% year-over-year. The company raised its full-year outlook for net interest income growth to 8-9%, increased quarterly dividend by 20%, authorized $1 billion in share repurchases, and announced a leadership transition with CFO Jorge García succeeding CEO Javier Ferrer.
Tickers: $BPOP
Topics: banking dividend_increase leadership_transition share_repurchase