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Popular reports 4Q loss

By on January 24, 2017

banco-popular-nightHATO REY, Puerto Rico – Popular Inc. (BPOP) on Tuesday reported a fourth-quarter loss of $5 million, after reporting a profit in the same period a year earlier.

The bank, based in Hato Rey, Puerto Rico, said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 86 cents per share.

The a company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $410.9 million in the period. Its adjusted revenue was $355.2 million.

For the year, the company reported profit of $213 million, or $2.06 per share. Revenue was reported as $1.72 billion.

Popular shares have increased almost 1 percent since the beginning of the year. The stock has risen 93 percent in the last 12 months.

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