Popular, Inc. (NASDAQ: BPOP) reported unaudited financial results for the quarter ended September 30, 2026, showing a net income of $266 million, a decrease of $12 million from the prior quarter but an increase of $55 million compared to the same period in 2025. Earnings per share (EPS) were $4.21, which is 3% lower than the second quarter of 2026 but 34% higher than the third quarter of 2025.
The company’s return on average tangible common equity (ROTCE) was 15.80%, and its return on assets (ROA) was 1.32%. The financial results were driven by higher net interest income, stable underlying credit trends, and continued capital return, partially offset by higher operating expenses and lower non-interest income.
Popular, Inc. returned $236 million to shareholders during the quarter, consisting of $179 million in common stock repurchases and a $57 million increase in dividends. The company declared a quarterly common stock dividend of $0.90 per share, a 20% increase from the previous quarter.
In terms of financial condition, total assets stood at $77.8 billion, down $1.2 billion from the prior quarter. Loans held in the portfolio increased to $40.0 billion, while total deposits decreased to $68.7 billion. The company’s non-performing loan (NPL) ratio was 1.16%, and the annualized net charge-off ratio was 0.73%.
CEO Jorge J. García stated that business activity in Puerto Rico remains healthy, supported by a strong labor market, and that credit metrics continue to be stable. He noted that the company remains attentive to economic conditions due to the potential impact of prolonged inflation and higher costs for fuel and energy.
