Popular Capital Trust II
BPOPM
$25.03 0.12%
Exchange: NASDAQ | Sector: Financial Services | Industry: Banks
Q4 2023
Published: Feb 29, 2024

Earnings Highlights

  • Revenue of $1.01B up 1% year-over-year
  • EPS of $1.31 decreased by 63.2% from previous year
  • Gross margin of 59.1%
  • Net income of 94.59M
  • "We are committed to optimizing operational efficiencies as we scale our revenue growth in a competitive market. Our focus remains on long-term value creation for our shareholders." - Management
BPOPM
Popular Capital Trust II PFD GTD 6125

Executive Summary

In Q4 2023, Popular Capital Trust II PFD GTD 6125 (BPOPM) reported a significant revenue growth of 1,007,740,000 USD, reflecting a 4.17% increase from the previous quarter and an astounding 1,707.10% year-over-year growth. However, net income showed a decline of 63.21% year-over-year at 94,594,000 USD due to increased operating expenses and interest expenses which have weighed down profitability. This downward trend in earnings, including an EPS of 1.31 USD, contrasts sharply with the previous year's financial performance, indicating underlying operational challenges despite robust top-line growth.

Management highlighted strategic adjustments and cost controls in response to these challenges, emphasizing the commitment to long-term value creation. Investors should closely monitor the company's efforts to optimize operating efficiencies and maintain revenue growth as the market landscape evolves.

Key Performance Indicators

Revenue
Increasing
1.01B
QoQ: 4.17% | YoY: 1 707.10%
Gross Profit
Increasing
594.80M
59.08% margin
QoQ: -2.58% | YoY: 967.63%
Operating Income
Decreasing
93.12M
QoQ: -48.97% | YoY: -75.12%
Net Income
Decreasing
94.59M
QoQ: -30.76% | YoY: -63.21%
EPS
Decreasing
1.31
QoQ: -31.05% | YoY: -63.20%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 1,049.40 2.51 +4.2% View
Q3 2024 1,067.21 2.16 +10.4% View
Q2 2024 1,049.12 2.46 +14.3% View
Q1 2024 1,023.77 1.43 +18.1% View
Q4 2023 1,006.77 1.31 +1.0% View