08:05 AM EDT, 07/24/2024 (MT Newswires) -- Popular (BPOP) reported Q2 net income Wednesday of $2.46 per diluted share, up from $2.10 a year earlier.

Analysts polled by Capital IQ expected $2.12.

Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $734.6 million, up from $692.1 million a year earlier.

The company said it plans to raise its quarterly dividend to $0.70 per share from $0.62, starting with the dividend payable in Q1 next year, and also plans to buy back up to $500 million of its common shares, subject to the board's approval.