Popular, Inc. · BPOP · FY2024 Q4 · Calendar Q1 2025
Popular: Loan growth and NII momentum, with deposit risks
The supplied analysis supports a constructive operating picture: loan growth, lower deposit costs, and stable credit quality can support earnings momentum. That view remains conditional on deposit retention, consumer-credit performance, and execution of growth initiatives.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The latest analysis describes stronger earnings, loan growth, lower deposit costs, and resumed repurchases versus the prior quarter's focus on deposit outflows, provisions, and a lower ROTCE target. Guidance sentiment remained maintained.
Guidance delta
Management maintained its 2025 outlook: 3%–5% annual loan growth and 7%–9% NII growth.
Key takeaways
- Management described 2024 net income growth, solid loan expansion, and lower deposit costs as key positives.
- NIM expanded by 11 basis points and NII rose 7% year over year, according to the supplied analysis.
- The main counterweight is potential deposit outflows alongside consumer-credit and execution risks.
Management priorities
- Pursue commercial, mortgage, auto, and credit-card loan growth.
- Continue deposit, digital-transformation, and fee-income initiatives.
- Resume shareholder returns through repurchases and a higher dividend while maintaining capital strength.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Oct 5, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 30, 2026 |
| Citigroup | Buy | Buy | Maintain | Sep 22, 2026 |
| Benchmark | Buy | Buy | Maintain | Aug 31, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 24, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 24, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 24, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Jul 24, 2026 |
| UBS | Buy | Buy | Maintain | Apr 24, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 31, 2018 |
| Keefe Bruyette & Woods | Outperform | Market Perform | Upgrade | Nov 28, 2017 |
| BTIG Research | Buy | Neutral | Upgrade | Oct 31, 2017 |
| BTIG | Buy | Neutral | Upgrade | Oct 31, 2017 |
| Compass Point | Neutral | Buy | Downgrade | Nov 18, 2016 |
| PiperJaffray | Overweight | Overweight | Maintain | Apr 8, 2016 |
| Merion Capital Group | Outperform | Outperform | Maintain | Feb 26, 2016 |
| Stifel Nicolaus | Outperform | Outperform | Maintain | Aug 3, 2015 |
| Stifel | Outperform | Outperform | Maintain | Aug 3, 2015 |
| Guggenheim | Buy | Neutral | Upgrade | Jul 27, 2015 |
| Goldman Sachs | Neutral | Sell | Upgrade | Mar 23, 2015 |
| Sterne Agee | Buy | Buy | Maintain | Mar 3, 2015 |
Named analyst price targets
Upside is calculated against the persisted current price $161.41. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $195 | $156.3 | +20.8% | Sep 29, 2026 |
| Wells Fargo | Analyst unavailable | $200 | $174.04 | +23.9% | Aug 10, 2026 |
| Neuberger Berman | Brandon Berman | $181 | $171.98 | +12.1% | Jul 28, 2026 |
| RBC Capital | George Cassidy | $181 | $170.88 | +12.1% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $190 | $170.88 | +17.7% | Jul 24, 2026 |
| Benchmark Co. | Analyst unavailable | $201 | $169 | +24.5% | Jul 15, 2026 |
| Piper Sandler | Manuel Navas | $190 | $167.19 | +17.7% | Jun 26, 2026 |
| UBS | Analyst unavailable | $170 | $148.42 | +5.3% | Apr 24, 2026 |
| UBS | Analyst unavailable | $142 | $141.47 | -12.0% | Feb 4, 2026 |
| Credit Suisse | Analyst unavailable | $156 | $136.69 | -3.4% | Feb 3, 2026 |
| Piper Sandler | Analyst unavailable | $152 | $126.21 | -5.8% | Jan 15, 2026 |
| Truist Financial | Arren Cyganovich | $153 | $125.82 | -5.2% | Oct 9, 2025 |
| RBC Capital | George Cassidy | $96 | $89.73 | -40.5% | Oct 24, 2024 |
| Barclays | Jared Shaw | $104 | $89.73 | -35.6% | Oct 24, 2024 |
| Citigroup | Benjamin Gerlinger | $123 | $102.15 | -23.8% | Jul 30, 2024 |
| Barclays | Jared Shaw | $115 | $99.37 | -28.8% | Jul 25, 2024 |
| UBS | Erika Najarian | $92 | $86.78 | -43.0% | Apr 4, 2024 |
| Wells Fargo | Analyst unavailable | $105 | $78.57 | -34.9% | Apr 27, 2022 |
Track every rating change on BPOP the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationPopular, 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 Islands. The company provides various deposit options, including interest-bearing accounts such as savings, NOW, and money market accounts, alongside non-interest-bearing demand deposits and certificates of deposit. Its diverse lending activities include commercial and industrial financing, loans for multi-family and commercial real estate, and residential mortgage products.…
Historical context
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Missed on EPS
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- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
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- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the BPOP recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-14T00:00:50.895859+00:00
- Polygon adjusted daily market bars · 2026-10-26T13:40:40.729597+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T13:40:40.727145+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.