HATO REY, Puerto Rico (AP) _ Popular Inc. (BPOP) on Thursday reported fourth-quarter net income of $205.7 million.

The Hato Rey, Puerto Rico-based bank said it had earnings of $2.58 per share.

The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $703.9 million in the period. Its revenue net of interest expense was $666 million, topping Street forecasts.

For the year, the company reported profit of $933.5 million, or $11.46 per share. Revenue was nearly unchanged at $2.6 billion.

Popular shares have risen slightly more than 8% since the beginning of the year. The stock has risen 55% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BPOP at https://www.zacks.com/ap/BPOP

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News