BPOP Popular (BPOP) Q3 FY26 earnings call
Popular, Inc. delivered a solid third quarter, marked by strong net interest income growth and robust capital returns to shareholders. Despite a decrease in deposits and an increase in nonperforming loans due to specific commercial relationships, underlying credit trends remained stable. The company continues to execute on its strategic objectives, focusing on customer relationships and efficiency, while navigating a dynamic economic environment in Puerto Rico and managing loan growth discipline in the U.S.
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 | Jun 2026 Q2 FY26 | This call 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.