Popular, Inc.
- Open
- 169.82
- Day high
- 171.72
- Day low
- 169.25
- Prev close
- 169.39
- Volume
- 436K
- Mkt cap
- $11.0B
- P/E (TTM)
- 12.6
- EPS (TTM)
- $13.56
- P/B
- 1.7
- P/S
- 2.5
- Yield
- 1.76%
- Per share
- $3.00
- ▼Insiders net selling -$4.4M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Popular, Inc. (BPOP) is a Financial Services company listed on NASDAQ. The stock is up 49% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Popular, Inc. (BPOP) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BPOP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $3.30 | $3.78 | +14.5% | $836M | -1.6% |
| Jan 27, 2026 | $3.02 | $3.38 | +11.9% | $826M | -0.0% |
| Oct 23, 2025 | $2.95 | $3.14 | +6.4% | $779M | -5.1% |
| Jul 23, 2025 | $2.60 | $3.09 | +18.8% | $800M | -0.5% |
| Apr 23, 2025 | $2.16 | $2.56 | +18.5% | $720M | -6.0% |
| Jan 28, 2025 | $2.04 | $2.51 | +23.0% | $720M | -4.2% |
| Oct 23, 2024 | $2.31 | $2.16 | -6.5% | $702M | -8.4% |
| Jul 24, 2024 | $2.12 | $2.46 | +16.0% | $696M | +18.2% |
| Jan 25, 2024 | $1.05 | $1.94 | +84.8% | $673M | +25.0% |
| Oct 26, 2023 | $1.85 | $1.90 | +2.7% | $656M | +22.2% |
| Jul 26, 2023 | $1.81 | $2.10 | +16.0% | $655M | +26.1% |
| Jan 25, 2023 | $2.62 | $3.56 | +35.9% | $783M | +5.4% |
BPOP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 6, 2026 | UNANUE CARLOSdirector | Grant | 123 | — |
| Jul 6, 2026 | DeVita Betty Kdirector | Grant | 48 | — |
| Jul 6, 2026 | Rodriguez Jose Ramondirector | Grant | 75 | — |
| Jul 6, 2026 | GOODWIN C KIMdirector | Grant | 80 | — |
| Jul 6, 2026 | Ferre Maria Luisadirector | Grant | 82 | — |
| Jul 2, 2026 | BALLESTER ALEJANDRO Mdirector | Grant | 80 | — |
| Jul 2, 2026 | Chappuis Bertil E.director | Grant | 27 | — |
| Jul 2, 2026 | CARRADY ROBERTdirector | Grant | 123 | — |
| Jul 2, 2026 | CARRION RICHARD Ldirector | Grant | 79 | — |
| Jul 2, 2026 | NEGRON EDUARDO J.officer: Executive Vice President | Tax | 3,014 | $164.18 |
| May 26, 2026 | Sanchez Alejandro Mdirector | Sell | 300 | $150.36 |
| May 12, 2026 | Soto Myrnadirector | Tax | 206 | $149.01 |
| May 11, 2026 | UNANUE CARLOSdirector | Grant | 1,477 | — |
| May 11, 2026 | Chappuis Bertil E.director | Grant | 1,645 | — |
| May 11, 2026 | Sanchez Alejandro Mdirector | Grant | 906 | — |
Source: BPOP SEC Form 4 filings, latest Jul 6, 2026. For informational purposes only — not investment advice.
See the full BPOP insider & 13F page →Popular, Inc. company profile
Overview
Popular, Inc. (NASDAQ:BPOP) is a Puerto Rico-based financial services holding company founded in 1893 and headquartered in Hato Rey, Puerto Rico. The company has grown from its origins as a local Puerto Rican bank to become the largest financial institution in Puerto Rico and one of the leading Hispanic-serving banks in the United States. Popular operates through its primary subsidiaries, Banco Popular de Puerto Rico (BPPR) and Popular Bank, serving customers across Puerto Rico, the U.S. mainland, and the British Virgin Islands. The company went public in 1980 and has established itself as a dominant player in the Puerto Rican banking market while expanding its presence in select U.S. markets, particularly Florida and New York.
Business
Popular, Inc. operates as a regional banking institution providing comprehensive financial services through two main banking subsidiaries. The company's operations are primarily concentrated in Puerto Rico, where it holds a dominant market position, along with select operations in the continental United States and British Virgin Islands. Banco Popular de Puerto Rico (BPPR) represents the company's flagship operation and generates the majority of revenue. BPPR operates as a full-service commercial bank in Puerto Rico, offering retail banking services including savings accounts, checking accounts, certificates of deposit, and money market accounts. The bank also provides extensive lending services encompassing residential mortgages, commercial real estate loans, commercial and industrial loans, consumer loans, credit cards, automobile financing, and construction loans. BPPR operates approximately 169 branches and 616 ATMs across Puerto Rico, making it the island's largest banking network. Popular Bank serves as the company's U.S. mainland operation, primarily focused on commercial lending and serving Hispanic communities in New York and Florida. This subsidiary offers similar banking products but operates with a more limited branch network of select locations in key metropolitan areas. Popular Bank also operates 23 ATMs in the Virgin Islands and 91 ATMs on the U.S. mainland. The company also provides ancillary financial services including investment banking, equipment leasing and financing, broker-dealer services, and insurance products. Popular has historically maintained investments in related financial services companies, including a stake in EVERTEC (a payment processing company) and operations in the Dominican Republic, though these represent smaller portions of overall revenue. Based on recent financial performance, BPPR (Puerto Rico operations) generates approximately 75-80% of total revenue, while Popular Bank and other operations contribute the remaining 20-25%. The company's loan portfolio is diversified across commercial loans (approximately 40%), residential mortgages (25%), consumer loans including credit cards and auto loans (25%), and construction loans (10%).
Revenue model
Popular, Inc. generates revenue through traditional commercial banking activities, primarily net interest income and fee-based services. The company's business model revolves around taking deposits from customers and lending those funds at higher interest rates, capturing the spread as net interest income, which represents approximately 75-80% of total revenue. Net Interest Income forms the core revenue stream, generated by lending customer deposits through various loan products including commercial loans, residential mortgages, consumer loans, credit cards, and auto financing. The company benefits from Puerto Rico's economic characteristics, including limited banking competition and a customer base with strong deposit relationships. Recent performance shows net interest margins around 3.2-3.3%, which has been expanding due to rising interest rates benefiting the bank's asset-sensitive balance sheet. Fee Income contributes the remaining 20-25% of revenue through various sources including credit card fees, mortgage banking income, service charges on deposit accounts, insurance commissions, and investment banking fees. The company also generates income from its investment in payment processor EVERTEC and other financial services subsidiaries. Customer Base consists primarily of Puerto Rican consumers and businesses, with Popular serving over 2 million customers in Puerto Rico. The bank also serves Hispanic communities in the U.S. mainland, particularly in Florida and New York metropolitan areas. Commercial customers include small to medium-sized businesses, with some larger corporate relationships. Margin Enhancement Factors include Puerto Rico's improving economic conditions supported by federal infrastructure funding, the bank's dominant market position allowing for favorable pricing, and rising interest rates benefiting the asset-sensitive balance sheet. The ongoing deployment of approximately $45-47 billion in federal recovery funds provides a significant economic tailwind. Margin Pressure Factors include potential deposit competition as interest rates rise, credit normalization as post-pandemic consumer strength moderates, and economic sensitivity to tourism and federal spending patterns. The bank faces limited geographic diversification risk, with heavy concentration in Puerto Rico's economy.
Competitive moat
Popular, Inc. possesses a strong regional moat in Puerto Rico, where it operates as the dominant financial institution with significant competitive advantages. The company's moat stems from several key factors that create substantial barriers to entry and customer switching costs. Market Dominance and Scale represent Popular's primary competitive advantage. With over 2 million customers in Puerto Rico (representing approximately 60% of the island's population), 169 branches, and 616 ATMs, Popular has achieved unmatched scale and distribution reach. This extensive network creates significant convenience value for customers and makes it economically challenging for competitors to replicate the infrastructure investment required. Customer Relationships and Switching Costs provide additional protection, as Puerto Rican customers maintain deep, multi-generational banking relationships with Popular. The bank serves as the primary financial institution for most customers, handling payroll, mortgages, business banking, and investment services. These comprehensive relationships create high switching costs and customer stickiness. Regulatory and Economic Barriers further strengthen the moat. Puerto Rico's unique political status creates regulatory complexities that discourage mainland U.S. banks from aggressive expansion. Additionally, local market knowledge, Spanish-language capabilities, and understanding of Puerto Rican business practices represent significant advantages over potential competitors. Potential Competitive Threats include digital banking platforms that could circumvent physical branch advantages, mainland U.S. banks potentially expanding through digital channels, and credit unions or fintech companies targeting specific customer segments. However, Puerto Rico's preference for relationship banking and the complexity of serving the market provide substantial defensive barriers. The company's moat is considerably weaker in its U.S. mainland operations, where it faces intense competition from larger national banks and lacks the scale advantages enjoyed in Puerto Rico. However, the Puerto Rican operations represent the vast majority of profitability and strategic value.
Risks & safety
Popular, Inc. demonstrates strong financial stability with solid capital ratios and manageable risk exposure, though concentrated geographic exposure creates some vulnerability. Capital and Solvency Metrics: • CET1 ratio of 16.4% (well above regulatory minimums) • Total assets of $73 billion with shareholders' equity of $5.6 billion • Debt-to-equity ratio of 0.22, indicating conservative leverage • Strong liquidity with $6.8 billion in cash and short-term investments • No significant solvency concerns given strong capital ratios Valuation Metrics: • Price-to-earnings ratio of 9.4x (reasonable for regional bank) • Price-to-book ratio of 1.19x (slight premium to book value) • Return on equity of 10.9% (solid profitability) • Trading at modest valuation relative to earnings power Credit and Operational Risks: • Net charge-offs at 74 basis points (manageable level) • Credit quality stable with recent underwriting improvements • Geographic concentration risk in Puerto Rico economy • Exposure to federal funding cycles and tourism volatility • Potential deposit outflow risk of $600-800 million identified by management Other Considerations: • Strong free cash flow generation of $461 million annually • Active capital return program with $500 million share buyback authorization • Dividend yield providing income support • Regulatory environment generally stable for regional banks
Recent development
Over the past few years, Popular has executed several key strategic initiatives focused on digital transformation, capital optimization, and market expansion. The company has invested heavily in modernizing its technology infrastructure and customer channels, with over 1.1 million active users on its Mi Banco digital platform representing 54% of the customer base. Capital Management Evolution has been a major focus, with Popular resuming aggressive capital return programs after regulatory restrictions were lifted. The company authorized a $500 million share repurchase program in 2024 and increased its quarterly dividend from $0.62 to $0.70 per share, representing a 13% increase. Management has repurchased 2.3 million shares for $220 million in 2024, demonstrating commitment to returning excess capital to shareholders. Business Transformation and Growth Strategy includes targeting a 14% return on tangible common equity by Q4 2025, up from current levels around 12%. The company has launched new institutional marketing campaigns and continues investing in talent acquisition and technology infrastructure. Popular completed the sale of its daily car rental business to focus on core banking operations. Credit and Risk Management Improvements have been implemented, including tightened underwriting standards for credit cards and consumer loans in response to normalizing credit conditions post-pandemic. The company has proactively adjusted lending criteria and is monitoring consumer credit trends closely. Market Expansion Efforts include growing the U.S. mainland commercial lending business, particularly in Florida markets where Popular sees significant opportunities within Hispanic business communities. The company continues to leverage federal infrastructure funding in Puerto Rico, with $45-47 billion in recovery funds still to be deployed, providing a multi-year economic tailwind.
BPOP company profile · for informational purposes only — not investment advice.
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