Popular: Q4 Earnings Snapshot

HATO REY, Puerto Rico (AP) _ Popular Inc. (BPOP) on Wednesday reported fourth-quarter net income of $256.8 million.

The bank, based in Hato Rey, Puerto Rico, said it had earnings of $3.56 per share.

The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $871.7 million in the period. Its revenue net of interest expense was $718 million, which beat Street forecasts.

For the year, the company reported profit of $1.1 billion, or $14.63 per share. Revenue was reported as $3.06 billion.

Popular shares have risen 3% since the beginning of the year. The stock has declined 24% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BPOP at https://www.zacks.com/ap/BPOP