NASDAQ : BPOP
Popular, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 158.49 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.96B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 2.85B | 2.76B | 2.63B | 2.33B | 1.88B | 1.75B |
| Interest Income on Investments | 1.04B | 1.02B | 1.05B | 913.65M | 589.75M | 374.81M |
| Total Interest Income | 3.89B | 3.78B | 3.67B | 3.25B | 2.47B | 2.12B |
| Interest Paid on Deposits | 1.10B | 1.18B | 1.34B | 1.05B | 252.84M | 111.62M |
| Interest Paid on Borrowings | 69.64M | 63.91M | 54.85M | 63.76M | 45.71M | 53.43M |
| Total Interest Expense | 1.17B | 1.24B | 1.39B | 1.11B | 298.55M | 165.05M |
| Net Interest Income | 2.72B | 2.54B | 2.28B | 2.13B | 2.17B | 1.96B |
| Mortgage Banking Activities | 18.96M | 14.96M | 19.06M | 21.50M | 42.45M | 50.13M |
| Income From Trading Activities | 135.00K | 1.91M | 1.45M | 1.38M | -784.00K | -389.00K |
| Gain (Loss) on Sale of Assets | 7.01M | |||||
| Gain (Loss) on Sale of Investments | -1.03M | 1.60M | -1.58M | 3.48M | 233.08M | 154.00K |
| Gain (Loss) on Sale of Equity Investments | 25.89M | 25.89M | 23.54M | 27.45M | 29.52M | 26.15M |
| Other Non-Interest Income | 490.35M | 457.81M | 464.66M | 449.55M | 426.35M | 396.45M |
| Total Non-Interest Income | 688.12M | 658.02M | 658.91M | 650.72M | 887.82M | 642.13M |
| Revenues Before Loan Losses | 3.41B | 3.20B | 2.94B | 2.78B | 3.06B | 2.60B |
| Provision for Loan Losses | 272.37M | 260.16M | 256.94M | 208.61M | 83.03M | -193.46M |
| Revenue | 3.14B | 2.94B | 2.68B | 2.57B | 2.97B | 2.79B |
| Salaries and Employee Benefits | 895.73M | 880.61M | 800.35M | 760.85M | 702.66M | 614.03M |
| Occupancy Expenses | 81.21M | 79.44M | 80.06M | 79.39M | 75.04M | 71.59M |
| Federal Deposit Insurance | 38.96M | 39.69M | 40.34M | 105.98M | 26.79M | 25.58M |
| Amortization of Goodwill & Intangibles | 1.54M | 1.75M | 2.94M | 3.18M | 3.27M | 9.13M |
| Selling, General & Administrative | 818.88M | 808.13M | 803.28M | 787.87M | 778.75M | 694.41M |
| Other Non-Interest Expense | 123.36M | 138.36M | 164.50M | 153.21M | 173.05M | 148.95M |
| Total Non-Interest Expense | 1.95B | 1.93B | 1.87B | 1.88B | 1.74B | 1.55B |
| EBT Excluding Unusual Items | 1.19B | 1.00B | 810.90M | 698.54M | 1.23B | 1.24B |
| Other Unusual Items | 15.32M | 15.32M | -14.29M | 9.24M | ||
| Pretax Income | 1.21B | 1.01B | 796.62M | 675.54M | 1.23B | 1.24B |
| Income Tax Expense | 181.47M | 173.63M | 182.41M | 134.20M | 132.33M | 309.02M |
| Earnings From Continuing Operations | 1.02B | 833.16M | 614.21M | 541.34M | 1.10B | 934.89M |
| Net Income | 1.02B | 833.16M | 614.21M | 541.34M | 1.10B | 934.89M |
| Preferred Dividends & Other Adjustments | 1.41M | 1.41M | 1.41M | 1.41M | 1.41M | 1.41M |
| Net Income to Common | 1.02B | 831.75M | 612.80M | 539.93M | 1.10B | 933.48M |
| Basic Shares Outstanding | 64.44M | 67.59M | 71.59M | 71.71M | 75.15M | 81.26M |
| Diluted Shares Outstanding | 64.47M | 67.61M | 71.62M | 71.79M | 75.27M | 81.42M |
| EPS (Basic) | 15.87 | 12.31 | 8.56 | 7.53 | 14.65 | 11.49 |
| EPS (Diluted) | 15.86 | 12.30 | 8.56 | 7.52 | 14.63 | 11.46 |
| Dividend Per Share | 3.15 | 2.90 | 2.56 | 2.27 | 2.20 | 1.75 |
| Effective Tax Rate | 15.05% | 17.25% | 22.90% | 19.86% | 10.71% | 24.84% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 373.33M | 396.74M | 411.38M | 383.38M | 423.23M | 411.35M |
| Investment Securities | 34.25B | 32.80B | 32.64B | 32.12B | 32.05B | 42.81B |
| Trading Asset Securities | 30.70M | 64.48M | 58.81M | 55.99M | 46.79M | 55.80M |
| Mortgage-Backed Securities | 1.50M | 1.52M | 1.56M | 19.00K | 25.00K | |
| Total Investments | 34.28B | 32.87B | 32.70B | 32.17B | 32.09B | 42.87B |
| Gross Loans | 40.44B | 39.79B | 37.58B | 35.50B | 32.47B | 29.66B |
| Allowance for Loan Losses | -770.69M | -808.06M | -746.02M | -729.34M | -720.30M | -695.37M |
| Other Adjustments to Gross Loans | -398.90M | -421.62M | -415.34M | -355.91M | -295.16M | -265.67M |
| Net Loans | 39.27B | 38.56B | 36.42B | 34.41B | 31.46B | 28.70B |
| Property, Plant & Equipment | 746.19M | 804.74M | 714.35M | 702.48M | 643.17M | 649.45M |
| Goodwill | 789.95M | 789.95M | 802.95M | 804.43M | 827.43M | 720.29M |
| Other Intangible Assets | 3.92M | 188.46M | 143.27M | 103.17M | 94.81M | 61.13M |
| Loans Held for Sale | 3.21M | 10.00M | 5.42M | 4.30M | 5.38M | 59.17M |
| Accrued Interest Receivable | 319.72M | 300.82M | 263.39M | 263.43M | 240.19M | 203.10M |
| Other Receivables | 245.00K | 15.19M | 199.10M | 160.10M | 65.46M | |
| Restricted Cash | 16.25M | 18.03M | 44.19M | 52.93M | 23.17M | |
| Other Current Assets | 68.30M | 71.28M | 68.39M | 72.95M | 72.86M | |
| Long-Term Deferred Tax Assets | 814.26M | 926.33M | 1.01B | 953.68M | 657.60M | |
| Other Real Estate Owned & Foreclosed | 44.30M | 42.43M | 57.27M | 80.42M | 89.13M | 85.08M |
| Other Long-Term Assets | 1.92B | 421.53M | 436.31M | 458.18M | 457.88M | 466.63M |
| Total Assets | 77.76B | 75.35B | 73.05B | 70.76B | 67.64B | 75.10B |
| Accounts Payable | 79.00M | 91.22M | 89.34M | 76.46M | 91.80M | |
| Accrued Expenses | 321.20M | 334.14M | 337.69M | 337.28M | 308.59M | |
| Interest Bearing Deposits | 53.69B | 46.97B | 46.12B | 45.14B | 42.72B | 48.69B |
| Institutional Deposits | 3.91B | 3.63B | 3.06B | 2.55B | 2.63B | |
| Non-Interest Bearing Deposits | 15.01B | 15.30B | 15.14B | 15.42B | 15.96B | 15.68B |
| Total Deposits | 68.70B | 66.19B | 64.88B | 63.62B | 61.23B | 67.01B |
| Short-Term Borrowings | 639.02M | 697.74M | 270.51M | 54.55M | 427.94M | 166.68M |
| Current Portion of Long-Term Debt | 18.43M | 47.79M | 99.94M | 12.01M | ||
| Current Portion of Leases | 29.70M | |||||
| Accrued Interest Payable | 66.24M | 60.72M | 59.10M | 39.29M | 33.23M | |
| Other Current Liabilities | 645.51M | 544.68M | 44.77M | 48.99M | 49.73M | |
| Long-Term Debt | 686.23M | 396.56M | 395.20M | 393.94M | 299.11M | 298.56M |
| Federal Home Loan Bank Debt, Long-Term | 164.62M | 302.72M | 394.67M | 389.28M | 492.43M | |
| Long-Term Leases | 102.65M | 126.34M | 152.72M | 162.03M | 173.83M | |
| Trust Preferred Securities | 198.40M | 198.37M | 198.35M | 198.32M | 198.29M | |
| Pension & Post-Retirement Benefits | 108.71M | 104.99M | 123.82M | 126.63M | 170.77M | |
| Other Long-Term Liabilities | 1.49B | 98.78M | 100.64M | 96.22M | 112.01M | 127.49M |
| Total Liabilities | 71.52B | 69.10B | 67.43B | 65.61B | 63.54B | 69.13B |
| Preferred Stock, Redeemable | 22.14M | 22.14M | 22.14M | 22.14M | 22.14M | 22.14M |
| Common Stock | 1.05M | 1.05M | 1.05M | 1.05M | 1.05M | 1.05M |
| Additional Paid-In Capital | 4.94B | 4.92B | 4.91B | 4.84B | 4.79B | 4.65B |
| Retained Earnings | 5.84B | 5.21B | 4.57B | 4.19B | 3.83B | 2.97B |
| Treasury Stock | -3.18B | -2.72B | -2.23B | -2.02B | -2.03B | -1.35B |
| Comprehensive Income & Other | -1.39B | -1.18B | -1.66B | -1.90B | -2.52B | -325.07M |
| Total Common Equity | 6.22B | 6.23B | 5.59B | 5.12B | 4.07B | 5.95B |
| Shareholders' Equity | 6.24B | 6.25B | 5.61B | 5.15B | 4.09B | 5.97B |
| Total Liabilities & Equity | 77.76B | 75.35B | 73.05B | 70.76B | 67.64B | 75.10B |
| Total Debt | 1.33B | 1.59B | 1.31B | 1.24B | 1.58B | 1.34B |
| Net Cash (Debt) | -921.21M | 3.49B | 5.53B | 6.19B | 4.50B | 16.66B |
| Net Cash Per Share | -14.29 | 51.59 | 77.21 | 86.21 | 59.80 | 204.57 |
| Filing Date Shares Outstanding | 62.83M | 65.10M | 69.61M | 72.25M | 71.87M | 79.92M |
| Total Common Shares Outstanding | 62.83M | 65.72M | 70.14M | 72.15M | 71.85M | 79.85M |
| Book Value Per Share | 98.94 | 94.75 | 79.71 | 71.03 | 56.66 | 74.48 |
| Tangible Book Value | 5.42B | 5.25B | 4.64B | 4.22B | 3.15B | 5.17B |
| Tangible Book Value Per Share | 86.30 | 79.86 | 66.22 | 58.45 | 43.83 | 64.69 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 833.16M | 614.21M | 541.34M | 1.10B | 934.89M | |
| Depreciation & Amortization | 54.98M | 60.02M | 61.69M | 58.38M | 64.24M | |
| Gain (Loss) on Sale of Assets | -12.08M | -25.51M | -35.42M | -282.87M | -48.49M | |
| Gain (Loss) on Sale of Investments | -257.98M | -252.96M | -45.40M | 20.92M | -21.98M | |
| Total Asset Writedown | 13.00M | 23.00M | 11.23M | 5.32M | ||
| Provision for Credit Losses | 260.16M | 256.94M | 208.61M | 83.03M | -193.46M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -6.93M | -8.66M | -31.21M | -260.73M | -683.82M | |
| Change in Trading Asset Securities | 10.51M | 13.90M | 33.50M | 353.30M | 741.47M | |
| Accrued Interest Receivable | -37.40M | 216.00K | -23.24M | -62.93M | 6.19M | |
| Change in Other Net Operating Assets | 992.00K | -7.14M | -12.46M | 53.03M | 41.38M | |
| Other Operating Activities | 14.08M | 26.71M | -43.13M | -54.98M | 219.60M | |
| Operating Cash Flow | 878.45M | 674.72M | 686.61M | 1.01B | 1.01B | |
| Capital Expenditures | -197.46M | -213.41M | -208.04M | -103.79M | -72.78M | |
| Sale of Property, Plant and Equipment | 659.00K | 8.89M | 8.66M | 10.30M | 21.48M | |
| Cash Acquisitions | -155.83M | |||||
| Investment in Securities | 807.64M | 725.36M | 587.39M | 7.97B | -10.72B | |
| Income (Loss) Equity Investments | -25.89M | -23.54M | -27.45M | -29.52M | -50.94M | |
| Divestitures | 219.88M | |||||
| Purchase / Sale of Intangibles | -905.00K | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -2.46B | -2.26B | -3.11B | -2.85B | 324.27M | |
| Other Investing Activities | 89.06M | 109.18M | 109.69M | 107.20M | 86.94M | |
| Investing Cash Flow | -1.76B | -1.63B | -2.61B | 5.35B | -10.52B | |
| Short-Term Debt Issued | 425.00M | 225.00M | 290.00M | 75.00M | ||
| Long-Term Debt Issued | 6.11M | 441.70M | 57.01M | |||
| Total Debt Issued | 431.11M | 225.00M | 441.70M | 347.01M | 75.00M | |
| Short-Term Debt Repaid | -365.00M | |||||
| Long-Term Debt Repaid | -163.98M | -132.47M | -405.85M | -106.49M | -270.26M | |
| Total Debt Repaid | -163.98M | -132.47M | -770.85M | -106.49M | -270.26M | |
| Net Debt Issued (Repaid) | 267.13M | 92.53M | -329.14M | 240.51M | -195.26M | |
| Issuance of Common Stock | 7.12M | 6.86M | 6.31M | 5.84M | 4.67M | |
| Repurchase of Common Stock | -512.80M | -220.40M | -4.55M | -637.66M | -355.65M | |
| Total Dividends Paid | -197.57M | -180.46M | -159.86M | -161.52M | -141.47M | |
| Net Increase (Decrease) in Deposit Accounts | 1.30B | 1.26B | 2.37B | -5.77B | 10.14B | |
| Financing Cash Flow | 864.58M | 959.58M | 1.88B | -6.32B | 9.45B | |
| Net Cash Flow | -16.42M | 1.83M | -48.58M | 41.65M | -62.58M | |
| Free Cash Flow | 680.99M | 461.31M | 478.57M | 910.75M | 932.38M | |
| Free Cash Flow Margin | 23.17% | 17.19% | 18.59% | 30.64% | 33.38% | |
| Free Cash Flow Per Share | 10.07 | 6.44 | 6.67 | 12.10 | 11.45 | |
| Cash Interest Paid | 1.24B | 1.39B | 1.09B | 292.49M | 170.44M | |
| Cash Income Tax Paid | 204.17M | 186.66M | 185.42M | 178.81M | 65.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.03B | 8.30B | 6.71B | 5.92B | 4.82B | 6.55B |
| Last Close Price | 156.61 | 122.52 | 90.08 | 76.43 | 59.56 | 71.57 |
| PE Ratio | 10.06 | 9.98 | 10.95 | 10.97 | 4.38 | 7.02 |
| PS Ratio | 3.16 | 2.83 | 2.50 | 2.30 | 1.62 | 2.35 |
| PB Ratio | 1.58 | 1.33 | 1.20 | 1.15 | 1.18 | 1.10 |
| P/FCF Ratio | 12.28 | 12.19 | 14.54 | 12.37 | 5.29 | 7.03 |
| P/OCF Ratio | 9.89 | 9.45 | 9.94 | 8.62 | 4.75 | 6.52 |
| Debt / Equity Ratio | 0.21 | 0.25 | 0.23 | 0.24 | 0.39 | 0.23 |
| Debt / FCF Ratio | 2.33 | 2.84 | 2.60 | 1.73 | 1.44 | |
| Net Debt / Equity Ratio | 0.15 | -0.56 | -0.98 | -1.20 | -1.10 | -2.79 |
| Net Debt / FCF Ratio | -5.12 | -11.99 | -12.93 | -4.94 | -17.86 | |
| Return on Equity (ROE) | 16.58% | 14.05% | 11.42% | 11.72% | 21.92% | 15.58% |
| Return on Assets (ROA) | 1.34% | 1.12% | 0.85% | 0.78% | 1.54% | 1.33% |
| Earnings Yield | 9.94% | 10.04% | 9.16% | 9.14% | 22.87% | 14.27% |
| FCF Yield | 8.14% | 8.20% | 6.88% | 8.08% | 18.89% | 14.23% |
| Dividend Yield | 2.26% | 2.30% | 2.68% | 2.77% | 3.28% | 2.13% |
| Payout Ratio | 20.81% | 23.71% | 29.38% | 29.53% | 14.65% | 15.13% |
| Buyback Yield / Dilution | 6.30% | 5.60% | 0.23% | 4.63% | 7.55% | 5.30% |
| Total Shareholder Return | 8.60% | 7.90% | 2.91% | 7.39% | 10.83% | 7.43% |