BPOP Popular (BPOP) Q2 FY26 earnings call
Popular, Inc. delivered a very strong second quarter, marked by robust earnings growth and significant capital returns to shareholders, including a new $1 billion share repurchase authorization and a 20% dividend increase. The quarter also saw a planned leadership transition, with Javier Ferrer announcing his retirement and Jorge Garcia stepping into the CEO role. The company continues to advance strategic initiatives, leveraging a stable Puerto Rico economic environment and disciplined expense management, while navigating specific commercial credit events and competitive pressures in deposit
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
BPOP operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.