BPOP Popular (BPOP) Q1 FY26 earnings call
Popular, Inc. delivered strong first-quarter results, driven by expanding net interest income and margin, coupled with effective operating expense management. The company continues to invest in its franchise and strategic priorities, while actively returning capital to shareholders. Management remains focused on sustainable profitability and navigating the macroeconomic environment, particularly potential impacts from sustained higher oil prices.
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BPOP operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Net interest margin | 3.66%Net interest margin expanded 5 basis points to 3.66% on a GAAP basis.Source: earnings call transcript | 3.66%On a GAAP basis, NIM remained stable at 3.66%.Source: earnings call transcript | 3.63%On a GAAP basis, net interest margin declined by 3 basis points to 3.63%.Source: earnings call transcript | 0 pt |
| Net interest margin Taxable Equivalent | 4.14%On a taxable equivalent basis, the margin improved by 11 basis points to 4.14%, driven primarily by lower interest expense, including a meaningful reduction in the cost of Puerto Rico public deposits.Source: earnings call transcript | 4.17%On a taxable equivalent basis, NIM expanded 3 basis points to 4.17% primarily reflecting a higher contribution from tax-exempt assets in the quarter.Source: earnings call transcript | 4.16%And on a tax equivalent basis, NIM was 4.16%, 1 basis point lower than last quarter.Source: earnings call transcript | 0 pt |
| Common equity tier 1 ratio (CET1) | 15.9%And then the other question I had was just around capital and 15.9% CET1.Source: earnings call transcript | 16.1%Tangible book value per share increased by $2.96 to $87.94 while CET1 increased 16 basis points to 16.1%, reflecting strong internal capital generation.Source: earnings call transcript | — | +0.2 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.