Popular, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net interest income of $387,216 against $355,405 a year ago. Net interest income after provision for loan losses of $315,728 against net interest income after provision for loan losses was $314,040 a year ago. Profit from continuing operations before income tax was $79,904 against loss from continuing operations before income tax of $7,006 a year ago. Loss from continuing operations was $102,154 against loss from continuing operations of $5,240 a year ago. Net loss applicable to common stock was $103,085,000 against net loss applicable to common stock of $5,036,000 a year ago. Diluted net loss per common share from continuing operations was $1.01 against diluted net loss per common share from continuing operations of $0.06 a year ago. Net loss per share applicable to common stock was $1.01 against net income per share applicable to common stock of $0.06 a year ago. Negative return on average assets was 0.94% against 0.04% reported last year. Negative return on average common equity was 7.67% against 0.38% reported last year. Tangible common book value per common share (non-GAAP) at the end of the period was $43.02 against $43.12 reported a year ago. Adjusted net income (Non-GAAP) was $66.2 million.

For the year, the company reported net interest income of $1,501,964 against net interest income of $1,422,055 a year ago. Net interest income after provision for loan losses was $1,176,540 against net interest income after provision for loan losses of $1,252,039 a year ago. Income from continuing operations before income tax was $338,511 against income from continuing operations before income tax of $294,340 a year ago. Income from continuing operations was of $107,681 against income from continuing operations of $215,556 a year ago. Net income applicable to common stock was $103,958,000 against net income applicable to common stock of $212,968,000 a year ago. Diluted net income per common share from continuing operations was $1.02 against diluted net income per common share from continuing operations of $2.05 a year ago. Net income per share applicable to common stock was $1.02 against net income applicable to common stock of $2.05 a year ago. Return on average assets was 0.26% against 0.58% reported last year. Return on average common equity was 1.96% against 4.07% reported last year. Adjusted net income (Non-GAAP) was $276.0 million.

For 2018, the Corporation expects its consolidated effective tax rate to range from 21% to 24%.