Popular Earnings Reports

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Popular (Nasdaq: BPOP  ) , the largest bank in Puerto Rico, reported earnings for its third quarter this morning and, even though it missed on earnings expectations, the market has not reacted too harshly. With analysts expecting $0.49 in earnings per share, the bank checked in at $0.45, with the bank reiterating its earnings expectations for between $210 and $225 million for the year..

What I was watching
In addition to the standard metrics referenced above, I was also watching continued improvement in the quality of its assets, particularly the nonperforming type. These assets, which are usually loans that are late and heading to foreclosure, represented 6.7% of total assets at the end of the quarter. Fortunately, the number is trending down ever so slightly, with nonperforming assets now tallying 6.6%, which doesn't look like much, but was, nevertheless, a reduction of $58.2 million during the quarter. While this number isn't super great, it's at least trending in the right direction.

What to expect going forward
It's only a matter of time before Popular returns to paying a dividend, something that it hasn't done since March 2009. The bank is trying hard to prevent another disastrous year like 2011, and the only way to do that is to continue to return value to shareholders. The bank seems to be on the right track, but it might be further away than I previously thought. It bears watching over the next quarter or so to see if management can execute its "number one priority" of improving returns.

Based on an island, Popular makes for a great opportunity on occasion. In fact, our analysts have identified another bank located on an island that is definitely under the radar. It's been called one of The Stocks Only the Smartest Investors Are Buying. You can learn about it in our exclusive free report. Just click here to keep reading.


Robert Eberhard has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2066893, ~/Articles/ArticleHandler.aspx, 10/26/2016 3:17:28 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,206.02 36.75 0.20%
S&P 500 2,138.91 -4.25 -0.20%
NASD 5,251.54 -31.86 -0.60%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/26/2016 3:01 PM
BPOP $37.24 Down -0.46 -1.22%
Popular CAPS Rating: ****