Popular reports Q3 EPS $1.70, consensus $1.60
Reports Q3 CET1 capital ratio 17.46%. Reports Q3 tangible book value per share $53.41. Reports Q3 net charge-offs 1.01%. Ignacio Alvarez, president and CEO, said: "The third quarter was another solid one as we continued to build on the strong performance of the first half of the year. While results reflect higher operating expenses due to investments in key areas such as technology, compliance and our people, we maintained our net interest income stable despite the interest rate environment, increased our non-interest income and benefited from a lower provision expense. We added 12,000 new clients and increased consumer loan balances in Puerto Rico and grew our commercial and mortgage portfolios in the United States."