Popular Inc ( (BPOP) ) has released its Q2 earnings. Here is a breakdown of the information Popular Inc presented to its investors.
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Popular, Inc. is a leading financial institution based in Puerto Rico, offering a wide range of banking services including retail, mortgage, and commercial banking across Puerto Rico, the U.S., and the British Virgin Islands. The company also provides auto and equipment leasing and financing, as well as broker-dealer and insurance services.
In the second quarter of 2025, Popular, Inc. reported a net income of $210.4 million, marking a significant increase from the previous quarter’s $177.5 million. The company’s earnings per share rose to $3.09 from $2.56, reflecting strong financial performance driven by increased net interest income and improved credit quality.
Key financial highlights include a rise in net interest income to $631.5 million, an increase in net interest margin to 3.49%, and a boost in non-interest income to $168.5 million. The company also saw improvements in credit quality metrics, with a decrease in non-performing loans and net charge-offs. Additionally, Popular, Inc. announced a new stock repurchase program and an increase in its quarterly dividend, underscoring its strong capital position.
Looking ahead, Popular, Inc. remains focused on executing its transformation strategy to enhance customer service and operational efficiency. The management expresses optimism about the company’s future performance, supported by its robust financial health and strategic initiatives.