Popular Q2 Profit Rises - Quick Facts

(RTTNews) - Popular Inc. (BPOP) reported second-quarter net income applicable to common stock of $326.54 million or $3.18 per share. The company recognized an after-tax gain of approximately $156.6 million during the second quarter of 2013. Adjusted net income for the second quarter of 2013 was $68.10 million. Net income in the prior year quarter was $64.81 million or $0.63 per share.

On average, seven analysts polled by Thomson Reuters expected the company to report profit of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income was $355.72 million for the quarter. Adjusted net interest income was $354.22 million. Net interest income in the company's prior year quarter was $342.18 million.

Total non-interest income was $293.36 million for the quarter. Adjusted total non-interest income was $132.33 million. Non-interest income was $109.43 million in the prior year.

Analysts expected revenue of $498.85 million for the quarter.