Popular, Inc. · BPOP · FY2026 Q2 · Calendar Q3 2026

Popular posts a strong Q2 with higher guidance and capital returns

The current analysis supports a constructive near-term operating picture: earnings, loans, deposits, and credit quality improved, while management raised guidance and expanded capital returns. The main test is whether loan growth and profitability can hold as expenses, deposit costs, and credit concentration remain in focus.

Reported Before market openNASDAQFinancial Services $10.05B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $4.35 Consensus $3.72
EPS surprise +16.9% Reported versus consensus
Reported revenue $874.0M Consensus $878.4M
Revenue surprise -0.5% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -1.7% Event window
SPY move -1.2% Same window
Abnormal move -0.5% Stock minus SPY
Volume 1.5× Versus trailing sessions
Subsequent drift -1.6% Up to 20 sessions
BPOPSPY benchmark

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Transcript intelligence

What changed

Compared with the prior quarter, Q2 analysis shows stronger EPS and balance-sheet growth, a lower NPL ratio after resolution of a large commercial loan, a 20% dividend increase, a new $1 billion repurchase authorization, and raised guidance. Management also emphasized a smooth leadership transition and continued digital and branch modernization.

Guidance delta

Guidance sentiment was raised; the supplied analysis does not provide the revised figures.

Key takeaways

  • Q2 EPS was $4.35, up 15% sequentially and 41% year over year, according to the supplied analysis.
  • Loans grew by $460 million and deposits by $2.6 billion, with deposits supported by Puerto Rico public funds.
  • Management raised the dividend 20% to $0.90 per share and authorized $1 billion in share repurchases.

Management priorities

  • Continue branch modernization and digital transformation.
  • Expand corporate credit cards and cash-management platform functionality.
  • Grow healthcare and community-association relationships while pursuing selective niche acquisitions.

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Earnings History

Estimate Beat Miss Match
BPOP REVENUE earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $539M Q4 '23 actual $1B, beat Q1 '24 estimate $560M Q1 '24 actual $1B, beat Q2 '24 estimate $588M Q2 '24 actual $1B, beat Q3 '24 estimate $601M Q3 '24 actual $1B, beat Q2 '25 estimate $804M Q2 '25 actual $762M, miss Q3 '25 estimate $821M Q3 '25 actual $779M, miss Q4 '25 estimate $839M Q4 '25 actual $900M, beat Q1 '26 estimate $850M Q1 '26 actual $836M, miss Q2 '26 estimate $878M Q2 '26 actual $874M, miss Q3 '26 estimate $904M Q3 '26 actual $875M, miss Q4 '26 estimate $908M Q1 '27 estimate $915M Q2 '27 estimate $932M Q3 '27 estimate $958M
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Analyst Consensus ?

ConsensusBuy21 ratings
Bullish1885.7%
Neutral314.3%
Bearish00.0%

Analyst 52W Price Targets

$157.64Previous close
$92Low
$160.62Average
$201High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 23, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Barclays Overweight OverweightMaintainOct 5, 2026
Wells Fargo Overweight OverweightMaintainSep 30, 2026
Citigroup Buy BuyMaintainSep 22, 2026
Benchmark Buy BuyMaintainAug 31, 2026
Truist Securities Buy BuyMaintainJul 24, 2026
Show 16 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $157.64. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Wells FargoAnalyst unavailable$195$156.3 +23.7%Sep 29, 2026
Wells FargoAnalyst unavailable$200$174.04 +26.9%Aug 10, 2026
Neuberger BermanBrandon Berman$181$171.98 +14.8%Jul 28, 2026
RBC CapitalGeorge Cassidy$181$170.88 +14.8%Jul 24, 2026
BarclaysAnalyst unavailable$190$170.88 +20.5%Jul 24, 2026
See 13 more

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Company context

Snapshot as of publication

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 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

All BPOP earnings

Financial Services peers this season

Latest reports in the same sector

Latest beats and misses

Who reports next

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Sources

  1. Earnings call transcript and parsed analysis · 2026-07-23T17:03:11.332162+00:00
  2. FN2 earnings calendar · 2026-08-27T01:23:13.912278+00:00
  3. Polygon adjusted daily market bars · 2026-10-23T07:00:42.005823+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-23T07:00:42.002811+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 2026-10-23. For educational purposes only; not investment advice.