By Dean Seal
Shares of Popular, the holding company for Popular Bank, popped after the company reported better first-quarter earnings than analysts had expected.
The stock was up 7.4% at $96.10 in the morning trading session. Shares are now in positive territory year-to-date.
The bank said before the opening bell that earnings were $2.56 a share for the first three months of the year, up from $1.43 a year earlier and 40 cents higher than analysts had expected, according to FactSet.
Net interest income rose to $605.6 million from $590.8 million last quarter and $550.7 million a year earlier.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 23, 2025 11:29 ET (15:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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