📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding BPOP

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	179.1K	$24.0M	0.03%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management used precise numbers, raised full-year guidance on NII and credit, and explicitly stated they are increasingly confident of exceeding a 12% ROCTE for the full year. Language such as 'very strong 13.3% return on tangible common equity' and 'strong operating performance' reinforces a positive, data-backed tone.

Q3 2025

Confident Specific

Management repeatedly used terms like 'strong operating performance', 'very pleased', 'solid', and 'confident' while providing specific numbers for net income, EPS, NIM expansion, and loan growth. They also explicitly guided for at least 12% ROCI in Q4 and full year, demonstrating conviction in their outlook.

Q4 2025

Confident Specific

Executives consistently use positive language ('very pleased', 'strong performance', 'exceeded 14% ROTCE') and provide explicit numeric guidance for 2026, including NII growth 5-7%, loan growth 3-4%, and expense growth 3%. Minor caution on consumer auto and geopolitical risks, but overall specific and forward-looking.

Q1 2026 latest

Confident Specific

Management uses decisive language ('very pleased', 'strong operating performance', 'happy with our strong first quarter results'), provides specific numerical guidance upgrades (NII upper end of 5-7%, expenses 2-3% vs 3%), and explicitly states 'we are focused on execution' with no defensive or evasive phrasing.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Revenue momentum improved (NII guidance raised), expenses came in better than expected, and credit remains benign despite two isolated commercial charge-offs. Capital return plans are clear and active, with buybacks continuing and a dividend increase likely. Risks include higher oil prices if prolonged, slower loan growth in consumer/auto, and the execution of reshoring benefits which are still years away. Watch next quarter for deposit retention trends post-tax season, loan growth trajectory, and any update on the two mentioned commercial credits that drove reserve build. Overall, the outlook supports a positive view on profitability and capital returns.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Popular, Inc. Q1 2026 net income $246M, EPS $3.78, ROTCE 15.5%.

Revenue & Profitability

Net income was $246 million, up $12 million from Q4 2025 and up 38% year-over-year. EPS was $3.78, up 48% year-over-year. Net interest income increased $13 million to $670 million. Net interest margin expanded 5 basis points to 3.66% on a GAAP basis and 11 basis points to 4.14% on a taxable equivalent basis. Return on tangible common equity was 15.5%.

Outlook

Management views the Puerto Rican economy as positive, with strong employment, construction, tourism, and consumer spending. However, they are monitoring geopolitical developments and oil prices for potential stress. They expect consolidated loan growth at the low end of the original 3-4% range due to weaker consumer and auto demand, and NII growth at the upper end of the 5-7% range.

Growth Drivers

Growth is driven by mortgage and commercial segments in Puerto Rico, though auto lending is weaker. Onshoring of manufacturing is a long-term driver, with recent announcements from companies like Eli Lilly and Amgen. Tourism is a strong contributor, with hotel occupancy up to 83% and a new Royal Caribbean partnership. Digital initiatives, such as the marketplace app and new corporate credit cards, are also expected to drive growth.

Balance Sheet & CapEx

The company continues to invest in technology and transformation initiatives, with full-year expenses expected to increase 2-3%. During the quarter, it purchased approximately $1.9 billion in U.S. Treasury notes. It also implemented a new ERP system. No specific CapEx guidance was provided.

Margins

Net interest margin expanded in Q1, driven by lower deposit costs. Management expects slower margin expansion in Q2 but continued improvement through the year as fixed-rate investments reprice. Total deposit costs decreased 12 basis points to 1.56%. Operating expenses were down $6 million, with full-year expense growth guidance lowered to 2-3% from 3%.

Key Risks

Risks include prolonged geopolitical tensions and elevated oil prices, which could impact the Puerto Rican economy and customer base. Credit risks are isolated, with higher net charge-offs primarily from a single commercial relationship and an additional specific reserve for a telecom borrower. Management also highlighted the potential for short-term rate changes to affect public deposit repricing.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-23

Strong Q2 results featured 15% sequential and 41% year-over-year EPS growth, robust loan and deposit increases, and improved credit quality. Capital returns were boosted with a new $1B buyback and a 20% dividend hike, while leadership transitioned smoothly.

Q1 2026 Q1 2026 2026-04-23

Q1 2026 saw net income rise to $246M and ROTCE reach 15.5%, driven by higher NII, margin expansion, and lower expenses. Credit quality improved, capital returns accelerated, and guidance was raised for NII and expense efficiency, with a positive outlook for Puerto Rico's economy.

Q4 2025 Q4 2025 2026-01-27

Full-year 2025 saw net income rise 36% to $833 million, with strong loan growth, stable credit, and robust capital returns. 2026 guidance calls for 3%-4% loan growth, 5%-7% NII growth, and continued focus on efficiency, digital transformation, and disciplined capital allocation.

Q3 2025 Q3 2025 2025-10-23

Q3 2025 saw net income of $211M and EPS of $3.15, with strong loan growth, expanding NIM, and stable deposits. Credit quality was impacted by two large commercial loans, but underlying metrics remain solid. Guidance was raised for loan growth and NII, with continued focus on cost discipline and capital returns.

Q2 2025 Q2 2025 2025-07-23

Net income and EPS rose sequentially, driven by strong loan and deposit growth, improved credit quality, and higher NII. Capital actions included a $500M buyback and a 7% dividend increase, with guidance raised for ROCCE and NII growth.

📊 Analysis Methodology

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