Popular Inc (BPOP)
NASDAQ:BPOP
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Popular
(NASDAQ:BPOP)
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Rating:80Outperform
Price Target:
$171.00
â–²(16.41% Upside)
Action:ReiteratedDate:04/23/26
Overall score is driven primarily by solid financial performance (revenue growth, 2025 earnings rebound, improving leverage) and supportive earnings-call guidance on NII/NIM, fees, and expenses. Valuation is also favorable with a low P/E and dividend yield. Technicals are positive but somewhat extended due to near-overbought momentum indicators.
Positive Factors
Capital Strength & Returns
A CET1 ratio near 16% and rising tangible book value indicate a strong regulatory capital buffer. Combined with active buybacks and dividends, this gives management durable optionality to absorb losses, support lending or return capital over the next several quarters while meeting regulators' expectations.
Negative Factors
Below-Peak Profitability
Return on equity remains materially below prior peak years, reflecting margin compression and a larger balance sheet. Persistently lower ROE limits the firm's ability to generate outsized shareholder returns absent sustained NIM or fee improvements, constraining long-term return trajectory.
Read all positive and negative factors
Positive Factors
Negative Factors
Capital Strength & Returns
A CET1 ratio near 16% and rising tangible book value indicate a strong regulatory capital buffer. Combined with active buybacks and dividends, this gives management durable optionality to absorb losses, support lending or return capital over the next several quarters while meeting regulators' expectations.
Read all positive factors
Popular (BPOP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.56B
Dividend Yield2.31%
Average Volume (3M)523.47K
Price to Earnings (P/E)8.9
Beta (1Y)0.93
Revenue Growth3.21%
EPS Growth39.91%
CountryUS
Employees9,274
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.63
Shares Outstanding64,988,754
10 Day Avg. Volume532,423
30 Day Avg. Volume523,466
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)1.35
Price to Sales (P/S)1.90
P/FCF Ratio12.36
Enterprise Value/Market Cap0.61
Enterprise Value/Revenue1.36
Enterprise Value/Gross Profit2.08
Enterprise Value/Ebitda5.60
Forecast
1Y Price Target
$169.00Price Target Upside15.04% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)14.39
Revenue Forecast (FY)$3.51B
Popular Business Overview & Revenue Model
Company Description
Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and British Virgin Islands. The company provides savings, NOW, money market, and other inte...
How the Company Makes Money
Popular, Inc. generates earnings primarily through net interest income and non-interest income from its banking operations. Net interest income is driven by the spread between interest earned on loans and investment securities (e.g., consumer loan...
Popular Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presents a clearly positive operating quarter: strong profitability, margin expansion, deposit growth, fee income gains and tightened expense guidance. Credit metrics mostly improved (NPL ratio fell) but net charge-offs rose due to a few identified commercial items and reserves were increased for specific exposures. Management reiterated conservative guidance on loan growth, affirmed capital-return intentions and called out macro risks (notably oil prices) and concentrated public deposits as watch items. Overall the positives across earnings, margins, fees and expense control materially outweigh the identifiable headwinds and one-off credit items.Positive Updates
Strong Profitability
Net income of $246 million and EPS of $3.78, up $12 million and $0.25 QoQ; net income and EPS improved 38% and 48% YoY, respectively.
Negative Updates
Higher Net Charge-Offs
Net charge-offs rose to $60 million (annualized 61 bps) from $50 million (51 bps) in the prior quarter; increase driven primarily by a previously identified single commercial relationship and an $11 million commercial charge-off.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Profitability
Net income of $246 million and EPS of $3.78, up $12 million and $0.25 QoQ; net income and EPS improved 38% and 48% YoY, respectively.
Read all positive updates
Company Guidance
Management's forward guidance emphasized revenue, credit and capital targets: they now expect 2026 net interest income growth at the upper end of the 5–7% range (assumes no further Fed cuts) with NIM expected to expand later in the year, consolidated loan growth at the low end of the prior 3–4% range, quarterly noninterest income of $160–165 million, and annual net charge-offs of 55–70 bps; full‑year operating expenses are guided to rise 2–3% (vs. prior 3%), the effective tax rate is expected at the low end of 15–17% (~15%), Puerto Rico public deposits to remain $18–20 billion (Q1 ended at $19.7B), CET1 is roughly 15.9% with management targeting capital actions (they repurchased $155M in Q1 and expect to exhaust the remaining $126M authorization in Q2) and they plan to evaluate a dividend increase and other capital optimization before the next call.Popular Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.43B | 4.19B | 3.76B | 3.24B | 2.64B |
| Gross Profit | 2.93B | 2.54B | 2.44B | 2.85B | 2.67B |
| EBITDA | 1.01B | 856.63M | 737.23M | 1.29B | 1.31B |
| Net Income | 833.16M | 614.21M | 541.34M | 1.10B | 934.89M |
Balance Sheet | |||||
| Total Assets | 75.35B | 73.05B | 70.76B | 67.64B | 75.10B |
| Cash, Cash Equivalents and Short-Term Investments | 439.32M | 25.02B | 24.08B | 23.76B | 42.84B |
| Total Debt | 1.58B | 1.31B | 1.24B | 1.58B | 1.34B |
| Total Liabilities | 69.10B | 67.43B | 65.61B | 63.54B | 69.13B |
| Stockholders Equity | 6.25B | 5.61B | 5.15B | 4.09B | 5.97B |
Cash Flow | |||||
| Free Cash Flow | 680.99M | 461.31M | 478.57M | 910.75M | 931.47M |
| Operating Cash Flow | 878.45M | 674.72M | 686.61M | 1.01B | 1.01B |
| Investing Cash Flow | -1.76B | -1.63B | -2.61B | 5.35B | -10.52B |
| Financing Cash Flow | 864.58M | 959.58M | 1.88B | -6.32B | 9.45B |
Popular Technical Analysis
Positive
146.90
Price Trends
137.93
Positive
130.79
Positive
123.79
Positive
Market Momentum
3.38
Negative
67.32
Neutral
75.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BPOP, the sentiment is Positive. The current price of 146.9 is above the 20-day moving average (MA) of 138.77, above the 50-day MA of 137.93, and above the 200-day MA of 123.79, indicating a bullish trend. The MACD of 3.38 indicates Negative momentum. The RSI at 67.32 is Neutral, neither overbought nor oversold. The STOCH value of 75.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BPOP.
Popular Risk Analysis
Popular disclosed 63 risk factors in its most recent earnings report. Popular reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Popular Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $9.56B | 8.86 | 13.82% | 2.31% | 3.21% | 39.91% | |
72 Outperform | $9.02B | 9.12 | 9.07% | 2.43% | 33.45% | 11.83% | |
72 Outperform | $9.02B | 9.08 | 13.77% | 2.97% | -1.12% | 25.68% | |
70 Outperform | $7.43B | 12.67 | 14.87% | 1.97% | 14.27% | 5.84% | |
69 Neutral | $8.90B | 12.51 | 14.95% | 3.05% | 2.42% | 11.70% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
BPOP
Popular
147.04
53.31
56.88%
CBSH
Commerce Bancshares
50.56
-6.45
-11.32%
CFR
Cullen/Frost Bankers
141.40
28.13
24.84%
ONB
Old National Bancorp Capital
23.36
3.13
15.46%
ZION
Zions Bancorporation National Association
61.34
17.86
41.06%
Popular Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Popular reports strong first-quarter 2026 financial results
Positive
Apr 23, 2026
Popular, Inc. reported on its first-quarter 2026 results, posting net income of $245.7 million for the quarter ended March 31, 2026, up from $233.9 million in the fourth quarter of 2025 and significantly higher year-over-year, with earnings per sh...
Business Operations and StrategyExecutive/Board Changes
Popular Announces Executive Leadership Changes and New Roles
Positive
Apr 8, 2026
On April 8, 2026, Popular, Inc. announced executive leadership changes effective July 1, 2026, as part of a new strategic framework, appointing long-time Florida executive Israel Velasco as Executive Vice President and Head of U.S. Operations of P...
Executive/Board ChangesShareholder Meetings
Popular announces director Myrna Soto to step down
Neutral
Feb 27, 2026
Popular, Inc. announced that on February 25, 2026, director Myrna M. Soto notified the board of her decision not to stand for re-election when her current term ends at the 2026 Annual Meeting of Shareholders, scheduled for May 8, 2026. The company...
Dividends
Popular Announces Quarterly Cash Dividend, Signals Ongoing Strength
Positive
Feb 26, 2026
On February 26, 2026, Popular, Inc. announced that its board of directors approved a quarterly cash dividend of $0.75 per share on its outstanding common stock. The dividend is scheduled to be paid on April 1, 2026 to shareholders of record as of ...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Popular reports stronger Q4 and full-year 2025 earnings
Positive
Jan 27, 2026
On January 27, 2026, Popular, Inc. reported that net income for the fourth quarter of 2025 rose to $233.9 million from $211.3 million in the prior quarter, with earnings per share increasing to $3.53, supported by higher net interest income, an ex...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.