Popular Inc
F:PP4A
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
P
|
Popular Inc
F:PP4A
|
PR |
|
M
|
Moncler SpA
LSE:0QII
|
IT |
Popular Inc
Popular Inc. is a bank holding company best known for Banco Popular de Puerto Rico, a full-service bank that serves consumers, small businesses, and larger companies in Puerto Rico, the U.S. mainland, and the Caribbean. It takes deposits, makes loans, offers mortgages and auto financing, and provides everyday banking services such as cards, online banking, and cash management. The company makes most of its money the way a bank usually does: it earns interest on loans and securities, then collects fees for services like payment processing, deposit accounts, wealth management, and mortgage banking. Its main customers are households, small and middle-market businesses, and commercial clients that need lending, payments, and treasury services. What makes Popular different is its strong role in Puerto Rico’s banking system and its mix of local retail banking and business banking. It sits close to the customer base, handling both branch-based consumer banking and relationship-driven lending for companies, so it earns money from a broad set of everyday banking needs rather than from one single product.
Popular Inc. is a bank holding company best known for Banco Popular de Puerto Rico, a full-service bank that serves consumers, small businesses, and larger companies in Puerto Rico, the U.S. mainland, and the Caribbean. It takes deposits, makes loans, offers mortgages and auto financing, and provides everyday banking services such as cards, online banking, and cash management.
The company makes most of its money the way a bank usually does: it earns interest on loans and securities, then collects fees for services like payment processing, deposit accounts, wealth management, and mortgage banking. Its main customers are households, small and middle-market businesses, and commercial clients that need lending, payments, and treasury services.
What makes Popular different is its strong role in Puerto Rico’s banking system and its mix of local retail banking and business banking. It sits close to the customer base, handling both branch-based consumer banking and relationship-driven lending for companies, so it earns money from a broad set of everyday banking needs rather than from one single product.
Strong quarter: Popular reported net income of $246 million and EPS of $3.78, both up from the fourth quarter and well ahead of last year, helped by higher net interest income, margin expansion, and lower expenses.
Deposit strength: Deposits rose to $67.6 billion, and management said stronger Puerto Rico deposit trends helped lift its 2026 net interest income outlook to the upper end of the 5% to 7% range.
Credit stable: Credit quality remained generally healthy, with lower NPLs and a lower NPL ratio, although net charge-offs increased because of one previously identified commercial relationship.
Capital return: The bank repurchased $155 million of stock in the quarter and said it expects to exhaust the current authorization in the second quarter, with a dividend increase still under review later this year.
Costs controlled: Expenses fell quarter over quarter, and management lowered full-year expense growth expectations to 2% to 3% from the original 3% target.
Macro watch: Management said Puerto Rico’s economy remains solid, but it is watching higher oil prices and geopolitical risk, which could affect customers if they persist.
Strategy update: The company highlighted digital marketplace launches, new corporate cards, and targeted customer programs, while saying there is no change in its M&A outlook and no plan for major U.S. branch expansion.
