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HATO REY, Puerto Rico (AP) — HATO REY, Puerto Rico (AP) — Popular Inc. (BPOP) on Tuesday reported fourth-quarter profit of $177.5 million.
The Hato Rey, Puerto Rico-based bank said it had earnings of $2.51 per share.
The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $1.08 billion in the period. Its revenue net of interest expense was $755.5 million, exceeding Street forecasts.
For the year, the company reported profit of $612.8 million, or $8.56 per share. Revenue was reported as $2.94 billion.
Popular shares have risen 10% since the beginning of the year. The stock has increased 21% in the last 12 months.
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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