Popular (NASDAQ:BPOP) Announces Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Popular (NASDAQ:BPOP) released its quarterly earnings data on Thursday. The bank reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.23, Zacks reports. The business had revenue of $874.59 million during the quarter, compared to analyst estimates of $903.95 million. Popular had a net margin of 21.37% and a return on equity of 15.34%. During the same period last year, the business earned $3.14 EPS.

Here are the key takeaways from Popular’s conference call:

• Third-quarter earnings remained solid, with net income of $266 million and EPS of $4.21, up 34% year over year. Net interest income increased 1% sequentially, while management expects full-year NII growth of approximately 8.5%.
• Credit costs are expected to rise, with full-year net charge-offs now projected at 80–90 basis points after two borrower-specific commercial credit issues. Non-performing loans increased $52 million to $466 million, lifting the NPL ratio to 1.16%.
• Loan growth expectations were reduced to approximately 2% for 2026, reflecting weaker auto and lease activity, moderating commercial growth, U.S. relationship-discipline measures, and limited transaction supply in Puerto Rico. Total deposits fell $1.5 billion, primarily due to lower Puerto Rico public-sector balances.
• Capital returns remain substantial, with $179 million of share repurchases and a 20% dividend increase during the quarter; Popular expects to repurchase $150–$200 million of stock in the fourth quarter. Management also identified approximately $50 million of recurring efficiencies and continues to target a sustainable 14%–17% ROTCE.

Popular Stock Down 2.8%

BPOP opened at $157.64 on Friday. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.60 and a beta of 0.63. The firm has a 50 day moving average price of $163.51 and a 200-day moving average price of $160.39. Popular has a twelve month low of $108.74 and a twelve month high of $179.24.

Popular Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from Popular’s previous quarterly dividend of $0.75. This represents a $3.60 annualized dividend and a dividend yield of 2.3%. Popular’s dividend payout ratio is presently 24.32%.

Trending Headlines about Popular

Here are the key news stories impacting Popular this week:

• Positive Sentiment: EPS substantially exceeded expectations. Popular reported third-quarter earnings of $4.21 per share, up from $3.14 a year earlier and above the approximately $3.97–$3.98 analyst consensus. The result reflects strong profitability and provides a positive catalyst for BPOP. Popular Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Profitability remained healthy. Popular posted a 21.37% net margin and a 15.34% return on equity, while management also highlighted actions intended to increase shareholder returns. These metrics may support the stock’s valuation, which remains relatively modest at roughly 11 times earnings. Popular Reports Solid Q3 Results and Boosts Shareholder Returns
• Neutral Sentiment: Management’s outlook and credit trends are key follow-through items. Investors will focus on the earnings call for details on loan growth, net interest income, expenses and capital allocation, as well as the quarter’s charge-offs. Popular Q3 2026 Earnings Call Transcript
• Negative Sentiment: Revenue missed estimates. Quarterly revenue was approximately $874.6 million, below the $904.0 million consensus forecast. The top-line shortfall, along with potential concerns about charge-offs, could temper the market’s response despite the EPS beat. Popular Earnings Results

Wall Street Analyst Weigh In

BPOP has been the topic of several analyst reports. Truist Financial upped their target price on shares of Popular from $192.00 to $197.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Royal Bank Of Canada raised their price target on shares of Popular from $163.00 to $181.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Piper Sandler reissued an “overweight” rating and set a $198.00 price target (up from $190.00) on shares of Popular in a research report on Friday, July 24th. Barclays boosted their price objective on shares of Popular from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, October 5th. Finally, Wells Fargo & Company lowered their price objective on Popular from $200.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $187.42.

Insider Buying and Selling

In other Popular news, Director Maria Ferre sold 3,385 shares of Popular stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $175.42, for a total value of $593,796.70. Following the completion of the sale, the director owned 10,156 shares of the company’s stock, valued at approximately $1,781,565.52. The trade was a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Adorno Rodriguez sold 600 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $168.79, for a total transaction of $101,274.00. Following the sale, the vice president owned 2,492 shares of the company’s stock, valued at approximately $420,624.68. This represents a 19.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 53,561 shares of company stock valued at $9,392,259 in the last ninety days. Corporate insiders own 2.13% of the company’s stock.

Popular Company Profile

Popular, Inc (NASDAQ: BPOP) is a financial services company headquartered in San Juan, Puerto Rico. Its principal subsidiary, Banco Popular de Puerto Rico, provides banking services to individuals, businesses and institutions, including deposit accounts, consumer and commercial loans, residential mortgages, credit cards and electronic banking services.

The company also offers investment, brokerage, insurance and wealth management services through specialized subsidiaries and affiliated businesses.