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Popular (Popular) Credit Losses Provision : $233.57 Mil (As of Mar. 2024)


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What is Popular Credit Losses Provision?

Popular's credit losses provision for the three months ended in Mar. 2024 was $72.60 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $233.57 Mil.

Popular's quarterly credit losses provision increased from Sep. 2023 ($45.12 Mil) to Dec. 2023 ($78.66 Mil) but then declined from Dec. 2023 ($78.66 Mil) to Mar. 2024 ($72.60 Mil).

Popular's annual credit losses provision increased from Dec. 2021 ($-193.46 Mil) to Dec. 2022 ($83.03 Mil) and increased from Dec. 2022 ($83.03 Mil) to Dec. 2023 ($208.61 Mil).

Popular Credit Losses Provision Historical Data

The historical data trend for Popular's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Popular Credit Losses Provision Chart

Popular Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only 165.78 292.54 -193.46 83.03 208.61

Popular Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Credit Losses Provision Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.64 37.19 45.12 78.66 72.60

Popular Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $233.57 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Popular (Popular) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Popular Inc (OTCPK:BPOPP.PFD) » Definitions » Credit Losses Provision
Comparable Companies
PNFP ZION WTFC PB WAL SSB BOKF CFR CMA SNV NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
BPOPO.PFD:USA BPOP:USA PP4A:Germany
Address
209 Munoz Rivera Avenue, Hato Rey, PRI, 00918
Website
https://www.popular.com
Popular Inc, based in Puerto Rico, is a financial holding company with four main subsidiaries: Banco Popular de Puerto Rico, the largest bank in Puerto Rico in terms of assets; Banco Popular North America, its banking operation in the continental United States; Evertec, a data processor; and Popular Financial Holdings, a diversified financial services company. Popular recently restructured PFH and moved much of its activities into BPNA.