Popular Turns To Profit In Q2 - Quick Facts

(RTTNews) - Popular Inc. (BPOP) reported second-quarter net income applicable to common stock of $596.5 million or $5.79 per share, compared to loss of $512.2 million or $4.98 per share in the prior year period. The company reported adjusted net income of $90.1 million for the latest second quarter.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.79 for the quarter. Analysts' estimates typically exclude special items.

Net interest income totaled $362.55 million, compared to loss of $59.38 million, last year. Total non-interest income was $140.76 million, compared to $62.79 million. Analysts expected revenue of $358.94 million for the quarter.