The latest announcement is out from Popular ( (BPOP) ).
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Popular, Inc. reported a net income of $155.3 million for Q3 2024, down from $177.8 million in the previous quarter, driven by increased net interest income offset by higher credit loss provisions. Despite increased loan delinquencies, credit quality remained stable while the company repurchased shares and strengthened its capital position. Popular, Inc. continues to modernize its operations, enhancing customer experience and leveraging opportunities from a strong balance sheet.
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