Popular, Inc. Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net income $266 million, up $55 million year over year
- ➤Diluted EPS $4.21, down 3% quarter over quarter, up 34% year over year
- ➤Quarterly dividend increased 20% to $0.90 per share
- ➤Common-stock repurchases totaled $179 million during the quarter
- ➤Net interest income rose $6 million sequentially to $699 million
- ➤NPL ratio increased 12 basis points sequentially to 1.16%
Expert Statements
Jorge J. García, President and Chief Executive Officer of Popular, Inc.
“We are pleased with our third quarter results. Our financial performance was solid, and we continued to advance our three strategic objectives: being the number one bank for our customers, being simple and efficient, and being a top-performing bank.”
Jorge J. García, President and Chief Executive Officer of Popular, Inc.
“We reported earnings per share of $4.21, 3% lower than the second quarter and 34% higher than the third quarter of 2025, and a ROTCE of 15.80%. These results reflected higher net interest income, stable underlying credit trends and continued capital return, partially offset by higher operating expenses and lower non-interest income. During the quarter, we repurchased $179 million of common stock and declared a 20% increase in our quarterly common stock dividend to $0.90 per share.”
Jorge J. García, President and Chief Executive Officer of Popular, Inc.
“Business activity in Puerto Rico remains healthy, supported by a strong labor market. Credit metrics continue to be stable while we remain attentive to economic conditions, given the potential impact of prolonged inflation and higher cost of fuel and energy.”
Jorge J. García, President and Chief Executive Officer of Popular, Inc.
“It is a privilege to step into this role with a strong capital position, a solid banking franchise, a talented team and meaningful momentum. Our responsibility is to build on those strengths and continue creating long-term value for our customers, shareholders, colleagues, and communities.”
Jorge J. García, President and Chief Executive Officer of Popular, Inc.
“I am grateful to our team for their commitment and the results they deliver every day.”
Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ: BPOP):
FINANCIAL HIGHLIGHTS ($ in millions, except per share information)Quarters ended 30-Sep-2630-Jun-26Δ vs 30-Jun-2630-Sep-25Δ vs 30 -Se p -25 EARNINGS Net Income$ 266$ 278$ (12)$ 211$ 55 PER SHARE DATA Basic EPS$ 4.21$ 4.35$ (0.14)$ 3.15$ 1.06 Diluted EPS$ 4.21$ 4.35$ (0.14)$ 3.14$ 1.07 Tangible Book Value / Share (non-GAAP)$ 86.30$ 87.94$ (1.64)$ 79.12$ 7.18 FINANCIAL CONDITION Total Assets$ 77,759$ 78,972$ (1,213)$ 75,066$ 2,693 Loans Held in Portfolio$ 40,043$ 39,750$ 293$ 38,687$ 1,356 Deposits$ 68,705$ 70,233$ (1,528)$ 66,513$ 2,192 Borrowings$ 1,325$ 1,463$ (138)$ 1,247$ 78 CREDIT QUALITY Non-Performing Loans$ 466$ 413$ 53$ 502$ (36) NPL Ratio1.16 %1.04 %12 bps1.30 %-14 bps NCO Ratio0.73 %1.05 %-32 bps0.60 %13 bps ACL / Total Loans1.92 %1.97 %-5 bps2.03 %-11 bps ACL / NPLs165 %190 %(25)%157 %8 % CAPITAL & LIQUIDITY Common Equity Tier 116.06 %16.08 %-2 bps15.79 %27 bps Tier 1 Risk-Based Capital16.12 %16.13 %-1 bps15.84 %28 bps Total Risk-Based Capital17.84 %17.85 %-1 bps17.58 %26 bps Tier 1 Leverage8.52 %8.57 %-5 bps8.48 %4 bps Capital Returned to Shareholders$ 236$ 174$ 62$ 170$ 66 FINANCIAL RATIOS Net Interest Margin ("NIM")3.63 %3.66 %-3 bps3.51 %12 bps NIM (FTE) (non-GAAP)4.16 %4.17 %-1 bps3.90 %26 bps Total Deposit Costs1.64 %1.57 %7 bps1.79 %-15 bps ROTCE (non-GAAP)15.80 %17.02 %-122 bps13.06 %274 bps ROA1.32 %1.41 %-9 bps1.09 %23 bps
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