Popular Inc (BPOP)
NASDAQ:BPOP
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Popular
(NASDAQ:BPOP)
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Rating:75Outperform
Price Target:
$173.00
â–˛(17.77% Upside)
Action:Reiterated
Date:06/09/26
The score is driven primarily by solid and improving financial performance (strong margins, improving leverage, and rising ROE) and supportive technical strength (price above major moving averages with positive MACD). Reasonable valuation (P/E ~11) and a positive earnings-call outlook help, while credit/cash-flow consistency watch items and the third-party cybersecurity incident temper the overall rating.
Positive Factors
Strong profitability and margins
Popular's sustained high operating and net margins point to durable earnings power driven by favorable loan pricing, fee income and disciplined expense control. Over a 2–6 month horizon, these margins support cash generation, reinvestment capacity and resilience versus peers during credit cycles.
Negative Factors
Muted loan growth and portfolio mix headwinds
Stagnant loan balances and conservative growth guidance indicate structural constraints on future NII expansion and fee income. Persistent weak consumer and auto demand, plus paydowns in construction and mortgage runoff, could limit medium-term revenue growth absent new product penetration or geographic expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and margins
Popular's sustained high operating and net margins point to durable earnings power driven by favorable loan pricing, fee income and disciplined expense control. Over a 2–6 month horizon, these margins support cash generation, reinvestment capacity and resilience versus peers during credit cycles.
Read all positive factors
Popular (BPOP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.65B
Dividend Yield2.31%
Average Volume (3M)475.39K
Price to Earnings (P/E)12.2
Beta (1Y)0.89
Revenue Growth3.21%
EPS Growth39.91%
CountryUS
Employees9,274
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)13.56
Shares Outstanding64,537,710
10 Day Avg. Volume604,435
30 Day Avg. Volume475,389
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/Revenue1.47
Enterprise Value/Gross Profit2.15
Enterprise Value/Ebitda5.78
Forecast
1Y Price Target
$172.33Price Target Upside17.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)15.05
Revenue Forecast (FY)$3.55B
Popular Business Overview & Revenue Model
Company Description
Popular, Inc., along with its subsidiaries, offers a broad spectrum of financial products and services encompassing retail, mortgage, and commercial banking. These operations extend across Puerto Rico, the United States, and the British Virgin Isl...
How the Company Makes Money
Popular, Inc. primarily makes money through (1) net interest income and (2) non-interest income. Net interest income is earned from the spread between interest collected on loans and other interest-earning assets (e.g., commercial and consumer loa...
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
76
Positive
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.41B | 4.43B | 4.19B | 3.76B | 3.24B | 2.64B |
| Gross Profit | 3.01B | 2.93B | 2.54B | 2.44B | 2.85B | 2.67B |
| EBITDA | 1.12B | 1.06B | 856.63M | 737.23M | 1.29B | 1.31B |
| Net Income | 901.33M | 833.16M | 614.21M | 541.34M | 1.10B | 934.89M |
Balance Sheet | ||||||
| Total Assets | 76.13B | 75.35B | 73.05B | 70.76B | 67.64B | 75.10B |
| Cash, Cash Equivalents and Short-Term Investments | 26.77B | 25.61B | 25.02B | 24.08B | 23.76B | 42.84B |
| Total Debt | 1.26B | 1.59B | 1.31B | 1.24B | 1.58B | 1.34B |
| Total Liabilities | 69.82B | 69.10B | 67.43B | 65.61B | 63.54B | 69.13B |
| Stockholders Equity | 6.31B | 6.25B | 5.61B | 5.15B | 4.09B | 5.97B |
Cash Flow | ||||||
| Free Cash Flow | 715.39M | 680.99M | 461.31M | 478.57M | 910.75M | 931.47M |
| Operating Cash Flow | 898.00M | 878.45M | 674.72M | 686.61M | 1.01B | 1.01B |
| Investing Cash Flow | -1.97B | -1.76B | -1.63B | -2.61B | 5.35B | -10.52B |
| Financing Cash Flow | 1.08B | 864.58M | 959.58M | 1.88B | -6.32B | 9.45B |
Popular Technical Analysis
Positive
146.90
Price Trends
150.56
Positive
143.59
Positive
131.55
Positive
Market Momentum
4.27
Negative
74.00
Negative
94.05
Negative
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 below the 20-day moving average (MA) of 155.84, below the 50-day MA of 150.56, and above the 200-day MA of 131.55, indicating a bullish trend. The MACD of 4.27 indicates Negative momentum. The RSI at 74.00 is Negative, neither overbought nor oversold. The STOCH value of 94.05 is Negative, 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $9.78B | 13.09 | 9.07% | 2.43% | 33.41% | 11.83% | |
75 Outperform | $10.65B | 12.22 | 14.64% | 2.31% | 3.21% | 39.91% | |
73 Outperform | $8.16B | 13.68 | 14.87% | 1.97% | 13.70% | 5.91% | |
73 Outperform | $9.42B | 14.65 | 15.05% | 3.05% | 2.22% | 12.61% | |
69 Neutral | $10.07B | 10.59 | 13.77% | 2.97% | -1.12% | 25.29% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
BPOP
Popular
165.65
60.10
56.94%
CBSH
Commerce Bancshares
56.62
-0.36
-0.64%
CFR
Cullen/Frost Bankers
150.90
27.59
22.38%
ONB
Old National Bancorp Capital
25.65
5.11
24.88%
ZION
Zions Bancorporation National Association
68.30
19.74
40.64%
Popular Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Popular addresses third‑party cybersecurity incident impacting customers
Negative
Jun 9, 2026
On May 15, 2026, Popular, Inc. was informed that Evertec, Inc., its third-party provider of core financial transaction processing and IT services, had suffered a cybersecurity incident affecting some client data, including information from Banco P...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Popular shareholders approve governance and indemnification updates
Positive
May 11, 2026
At its May 8, 2026 annual meeting, Popular’s shareholders approved amendments to the Restated Certificate of Incorporation that modernize indemnification provisions, add exculpation protections for directors and officers to the extent allowe...
Dividends
Popular Announces Quarterly Cash Dividend for Shareholders
Positive
May 8, 2026
On May 8, 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 July 1, 2026, to shareholders of record as of the cl...
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...
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.