Popular Earnings Down: Interest Income Up

Rieker, Matthias
October 2004
American Banker;10/14/2004, Vol. 169 Issue 198, p18
Trade Publication
Reports on the third quarter report from Popular Incorporated of San Juan, Puerto Rico. Profits which slid 11.8% from a year earlier; Earnings per share of 45 cents; Net interest income which rose while its loan-loss provision fell; Increase in loans which was driven by a robust mortgage market.


Related Articles

  • Wells Fargo Hears Footsteps of Lending Rivals as Earnings Streak Ends. Wack, Kevin // American Banker;7/14/2014, Vol. 179 Issue 107, p14 

    The article focuses on banking industry firm Wells Fargo & Co. The company's financial statement for the second quarter of 2014 is examined, particularly a decline in the rate of growth for its earnings per share ratio, the first such decline in 18 quarters. The decline is attributed to...

  • Bank of the Ozarks' Profit Increases on Mortgage Lending Surge. Nemeroff, Evan // American Banker;1/20/2015, Vol. 180 Issue 9, p1 

    The article focuses on higher profit in the net interest income and a surge in mortgage lending by the Bank of the Ozarks in the fourth quarter of 2014. It discusses increases in interest income, earnings per share, noninterest expenses, mortgage lending income and service charges on deposit...

  • Increased Lending Drives Surge at M &I. Cole, Jim // American Banker;10/14/2004, Vol. 169 Issue 198, p18 

    Reports on the third quarter report of Marshall & Ilsley Corp. of Milwaukee. Double digit loan growth in consumer and commercial lending which delivered strong results; Net income which rose 11% from a year earlier with earnings per share increasing 13% to 69 cents; Comments from Mark Furlong,...

  • Popular's Net Income Declines as Mortgage Securities Trading Falls.  // National Mortgage News;7/24/2006, Vol. 30 Issue 41, p18 

    The article reports on the net income of Popular Inc., a Puerto Rico-based a banking and mortgage firm for the second quarter in the U.S. The banking and mortgage firm reveals that the company's net income is decreasing as well as its earnings per share. However, there is a non-interest income...

  • Commercial of Neb. Cites Rates for Drop. Jackson, Ben // American Banker;10/27/2004, Vol. 169 Issue 207, p20 

    Reports that the third quarter earnings of Commercial Federal Corp. of Omaha fell 7% from the same quarter last year. Earnings per share which stayed flat at 50 cents; Reasons for the decline.

  • Webster Profits Fall But Beat Estimates. Kulikowski, Laurie // American Banker;10/20/2005, Vol. 170 Issue 202, p20 

    Reports that Webster Financial Corp. reported third-quarter earnings of 86 cents per share, beating the average of analyst estimates by a penny with help from securities gains.

  • Loan and Deposit Growth Lift Synovus. Davis, Paul // American Banker;10/20/2005, Vol. 170 Issue 202, p20 

    Reports that Synovus Financial Corp. said that its third-quarter earnings rose 4% from the second quarter and 23% from the same quarter last year, to $134 million or 43 cents a share. Importance of the fact that the company's earnings per share exceeded the average of analyst estimates by a...

  • PMI group Reports a Decline in Defaults. Bergquist, Erick // American Banker;5/9/2005, Vol. 170 Issue 88, p18 

    Reports on the first-quarter performance of PMI Group Inc. Observation that credit performance is up, the market is still weak and diversification has become an important part of earnings; Improving credit performance revealed in PMI's first-quarter report, making it the third major mortgage...

  • Tighter Margin Hurts FirstMerit. Jackson, Ben // American Banker;7/16/2004, Vol. 169 Issue 136, p18 

    Reports that FirstMerit Corp.'s second quarter of 2004 earnings fell significantly compared to a year earlier. How the company attributed the decline to interest margin compression and a decline in mortgage lending; Improvement of credit quality; Financial statistics on the decrease in net...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics