Popular (BPOP) earnings

POPULAR, INC.· Financials

Results to: Jun 2026
Latest analysed call: Sep 2026 (Q3 FY26)
Balance sheet to: Dec 2025

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Popular earnings: last reported Thu, 22 Oct 2026, for the quarter ended Sep 2026.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	Unavailable	—	Quarterly, as filed	Quarter to Jun 2026	Not in the filed figures for the quarter to jun 2026. No older figure is substituted.
Operating margin	Unavailable	—	Operating profit / revenue	Quarter to Jun 2026	Not in the filed figures for the quarter to jun 2026. No older figure is substituted.
Net profit	278 $ million	+32.2% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.

Source: Inve data from filed results (SEC filings) · to Jun 2026

Guidance

What management said, and what became of it

24 of 25 judged targets kept · 15 open · verdicts reflect calls analysed to Sep 2026.

POPULAR, INC. management guidance track record on Inve: 40 targets tracked across analysed earnings calls (24 achieved, 1 missed, 15 open).

Target	Original wording	Said	Latest call	Verdict
Dividend increase	Pursue a dividend increase	Mar 2026	Sep 2026:We also increased the quarterly dividend to $0.90 per share, beginning with the payment on October 1. Call transcript, Sep 2026 · no direct link	Achieved
Consolidated loan growth	3% to 4%	Dec 2025	Sep 2026:We now expect full year loan growth for 2026 of approximately 2%, primarily reflecting lower auto and lease activity and more moderate commercial growth. Call transcript, Sep 2026 · no direct link	Revised Down
Annual ROTCE	14% to 17%	Sep 2026	Sep 2026:And finally, we continue to target a 14% to 17% annual ROTCE. Call transcript, Sep 2026 · no direct link	New

Source: Inve Guidance Tracker for POPULAR, INC. · to Sep 2026

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of POPULAR, INC.'s 40 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 37 more targets are in the full ledger.

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Price

$159.24 +1.01% · +$1.6

Last close Oct 23, 2026 · US · USD · Source: Inve

Performance +38.0% 1Y

1Y: $115.38 on 22 Oct 2025 → $159.24. High $177.87 (14 Aug 2026), low $109.24 (29 Oct 2025).

Previous close: $157.64
52-week range: $109.24 – $177.87
One year: +39.68%

Overview

Symbol: BPOP
Sector: Financials
Exchange: US
Currency: USD

Guidance

What management said, and what became of it

24 of 25 judged targets kept · 15 open · verdicts reflect calls analysed to Sep 2026.

POPULAR, INC. management guidance track record on Inve: 40 targets tracked across analysed earnings calls (24 achieved, 1 missed, 15 open).

Target	Original wording	Said	Latest call	Verdict
Dividend increase	Pursue a dividend increase	Mar 2026	Sep 2026:We also increased the quarterly dividend to $0.90 per share, beginning with the payment on October 1. Call transcript, Sep 2026 · no direct link	Achieved
Consolidated loan growth	3% to 4%	Dec 2025	Sep 2026:We now expect full year loan growth for 2026 of approximately 2%, primarily reflecting lower auto and lease activity and more moderate commercial growth. Call transcript, Sep 2026 · no direct link	Revised Down
Annual ROTCE	14% to 17%	Sep 2026	Sep 2026:And finally, we continue to target a 14% to 17% annual ROTCE. Call transcript, Sep 2026 · no direct link	New

Source: Inve Guidance Tracker for POPULAR, INC. · to Sep 2026

The full ledger

Open POPULAR, INC.’s full ledger

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Financials

What the filings say

Net profit, year on year: +32% (quarter to jun 2026 against jun 2025).

In $ million. Oldest period first.

Line item	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	—	—	39	—	—	—	39	—
Interest	365	329	311	312	320	298	277	288
Profit before tax	198	222	223	258	247	279	293	324
Tax rate	21.5%	19.8%	20.3%	18.5%	14.6%	16.1%	16.0%	14.1%
Net profit	155	178	178	210	211	234	246	278
EPS ($ per share)	2.16	—	2.56	3.09	3.15	—	3.78	4.35

Source: Inve data · income statement, quarterly · to Jun 2026

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity capital	1	1	1	1	1	1	1	1
Reserves	1,652	2,148	2,261	2,974	3,834	4,195	4,571	5,206
Total liabilities	42,170	46,099	59,897	69,129	63,544	65,611	67,432	69,099
Fixed assets	570	557	510	494	499	565	602	686
Total assets	47,605	52,115	65,926	75,098	67,638	70,758	73,045	75,348

Source: Inve data · balance sheet · to Dec 2025

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from operations	848	705	679	1,005	1,015	687	675	878
Cash from investing	-4,391	-4,170	-13,068	-10,519	5,350	-2,613	-1,632	-1,759
Cash from financing	3,534	3,456	12,492	9,451	-6,323	1,878	960	865
Net cash flow	-9	-9	103	-63	42	-49	2	-16
Capital expenditure	-81	-76	-60	-73	-104	-208	-213	-197
Free cash flow	767	630	619	932	911	479	461	681

Source: Inve data · cash flow · to Dec 2025

BPOP revenue by segment

BPOP revenue by business segment, share of consolidated revenue by quarter
Segment	Q1 FY2025	Q1 FY2026	YoY growth latest quarter
Banco Popular De Puerto Rico	285%	307%	+6.8%
Bpna	13%	15%	+22.1%

Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.

See how segments are shifting across companies → Segment Shift

BPOP operating KPIs by quarter

BPOP operating KPIs stated on its earnings calls, by fiscal quarter
KPI	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.

Insider filings

73 filings between Nov 21, 2025 and Aug 31, 2026.

Open market

decisions to buy or sell

Purchases

None

No insider bought shares.

Sales

$17.28M

13 sales by 9 insiders

Compensation

not trading decisions

26: Award — granted as compensation
33: Tax withheld — shares kept back by the company to cover tax

Also filed: 1 other.

Who traded

open market only

Insider	Bought	Sold	Last filing
FERRER JAVIER D.	—	$6.14M	Aug 10, 2026
BALLESTER ALEJANDRO M	—	$3.76M	Apr 30, 2026
CARRION RICHARD L	—	$2.84M	Nov 24, 2025
CESTERO LUIS E.	—	$1.50M	Aug 4, 2026
Ferre Maria Luisa	—	$1.13M	Jul 30, 2026
GONZALEZ-NOGUERA MARIA CRISTINA	—	$920.8K	May 1, 2026
Soriano Lidio	—	$523.5K	Aug 10, 2026
Sanchez Alejandro M	—	$249.5K	May 22, 2026

Latest filings (50)

Date	Insider	What	Shares	Value
Aug 31, 2026	FERRER JAVIER D. PRESIDENT & CEO	Tax withheld	10,486	$1.76M
Aug 24, 2026	Rodriguez Adorno Denissa Senior VP & Comptroller	Sale	600	$101.3K
Aug 19, 2026	Garcia Jorge J. Executive Vice President & CFO	Award	5,733	$0
Aug 10, 2026	FERRER JAVIER D. PRESIDENT & CEO	Sale	35,000	$6.14M
Aug 10, 2026	Soriano Lidio Executive Vice President	Sale	3,000	$523.5K
Aug 4, 2026	CESTERO LUIS E. Executive Vice President	Sale	8,500	$1.50M
Jul 30, 2026	Ferre Maria Luisa Director	Sale	3,385	$593.8K
Jul 30, 2026	Ferre Maria Luisa Director	Sale	3,076	$534.6K
Jul 22, 2026	FERRER JAVIER D. PRESIDENT & CEO	Award	14,952	$0
Jun 30, 2026	NEGRON EDUARDO J. Executive Vice President	Tax withheld	3,014	$494.8K
May 22, 2026	Sanchez Alejandro M Director	Sale	300	$45.1K
May 8, 2026	Soto Myrna Director	Tax withheld	206	$30.7K
May 8, 2026	Sanchez Alejandro M Director	Tax withheld	68	$10.1K
May 8, 2026	Sanchez Alejandro M Director	Award	906	$0
May 1, 2026	GONZALEZ-NOGUERA MARIA CRISTINA Executive Vice President	Sale	6,200	$920.8K
Apr 30, 2026	BALLESTER ALEJANDRO M Director	Sale	23,000	$3.45M
Apr 27, 2026	Rodriguez Adorno Denissa Senior VP & Comptroller	Tax withheld	87	$13.1K
Apr 27, 2026	Flores Hector Alejandro Executive Vice President	Tax withheld	263	$39.6K
Feb 26, 2026	Sanchez Alejandro M Director	Sale	1,451	$204.4K
Feb 25, 2026	Coleman-Tio Jose R. EVP & CHIEF LEGAL OFFICER	Tax withheld	654	$92.4K
Feb 25, 2026	Coleman-Tio Jose R. EVP & CHIEF LEGAL OFFICER	Award	2,386	$0
Feb 25, 2026	CESTERO LUIS E. Executive Vice President	Award	2,156	$0
Feb 25, 2026	CESTERO LUIS E. Executive Vice President	Award	2,724	$0
Feb 25, 2026	Soriano Lidio Executive Vice President	Tax withheld	1,079	$152.5K
Feb 25, 2026	Soriano Lidio Executive Vice President	Award	3,858	$0
Feb 25, 2026	CESTERO LUIS E. Executive Vice President	Tax withheld	746	$105.4K
Feb 25, 2026	SEPULVEDA ELI Executive Vice President	Tax withheld	64	$9.0K
Feb 25, 2026	Castellvi Beatriz EVP & Chief Security Officer	Tax withheld	57	$8.1K
Feb 25, 2026	Castellvi Beatriz EVP & Chief Security Officer	Award	1,815	$0
Feb 25, 2026	Coleman-Tio Jose R. EVP & CHIEF LEGAL OFFICER	Award	2,564	$0
Feb 25, 2026	Castellvi Beatriz EVP & Chief Security Officer	Tax withheld	779	$110.1K
Feb 25, 2026	FERRER JAVIER D. PRESIDENT & CEO	Tax withheld	506	$71.5K
Feb 25, 2026	Castellvi Beatriz EVP & Chief Security Officer	Award	2,724	$0
Feb 25, 2026	FERRER JAVIER D. PRESIDENT & CEO	Tax withheld	2,097	$296.3K
Feb 25, 2026	FERRER JAVIER D. PRESIDENT & CEO	Award	7,661	$0
Feb 25, 2026	NEGRON EDUARDO J. Executive Vice President	Tax withheld	64	$9.0K
Feb 25, 2026	Burckhart Camille Executive Vice President	Award	2,640	$0
Feb 25, 2026	NEGRON EDUARDO J. Executive Vice President	Award	2,015	$0
Feb 25, 2026	NEGRON EDUARDO J. Executive Vice President	Tax withheld	942	$133.1K
Feb 25, 2026	NEGRON EDUARDO J. Executive Vice President	Award	3,333	$0
Feb 25, 2026	Rodriguez Adorno Denissa Senior VP & Comptroller	Award	687	$0
Feb 25, 2026	FERRER JAVIER D. PRESIDENT & CEO	Award	16,135	$0
Feb 25, 2026	GONZALEZ-NOGUERA MARIA CRISTINA Executive Vice President	Award	1,818	$0
Feb 25, 2026	SEPULVEDA ELI Executive Vice President	Award	3,333	$0
Feb 25, 2026	SEPULVEDA ELI Executive Vice President	Tax withheld	942	$133.1K
Feb 25, 2026	SEPULVEDA ELI Executive Vice President	Award	2,035	$0
Feb 25, 2026	GONZALEZ-NOGUERA MARIA CRISTINA Executive Vice President	Tax withheld	826	$116.7K
Feb 25, 2026	GONZALEZ-NOGUERA MARIA CRISTINA Executive Vice President	Award	3,017	$0
Feb 25, 2026	Garcia Jorge J. Executive Vice President & CFO	Award	3,319	$0
Feb 25, 2026	Burckhart Camille Executive Vice President	Tax withheld	932	$131.7K

Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.

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