Popular reports Q1 EPS $1.69, consensus $1.45
Reports Q1 common equity per share $55.78. Reports Q1 CET1 capital ratio 16.39%. Reports Q1 net charge-offs 0.92%. Ignacio Alvarez, President and CEO, said: "The first quarter was a great start to 2019 and places us on a solid footing for the remainder of the year. Credit quality metrics were positive, and we achieved loan growth in Puerto Rico for the second quarter in a row, led by our auto finance business. Our unique franchise puts us in a privileged position to take advantage of opportunities that will arise as Puerto Rico's recovery continues. We continued to make progress in our U.S. mainland operations, which remain an important source of revenue diversification. Loan balances for the quarter were flat, but we are optimistic that loan growth will pick up as the year progresses."