Popular, Inc. · BPOP · FY2026 Q3 · Calendar Q4 2026
Popular’s Q3 growth remained solid as public deposits declined
The quarter supports a constructive but qualified view: earnings growth, loan demand, and capital returns remained resilient, while deposit mix pressure and commercial-credit exposure limit the strength of the outlook.
Earnings scorecard
Reported versus consensusMarket reaction
prior-close to event-session closeAsk FN2 about BPOP FY2026 Q3
Transcript, numbers and history already loadedFree account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, the focus shifted from deposit growth and improving credit metrics to a $1.5 billion deposit decline driven by Puerto Rico public-sector balances, alongside continued earnings growth, $179 million of repurchases, and new segment-led product initiatives.
Guidance delta
Management maintained its 14–17% annual ROTCE target and outlined Q4 share repurchases of $150–200 million, with similar levels anticipated in 2027.
Key takeaways
- Net income and EPS increased year over year, supported by higher net interest income and loan growth.
- Total deposits declined as Puerto Rico public-sector balances fell, while customer deposits were described as stable.
- Credit quality remained solid overall despite two isolated commercial non-accruals and a modest rise in the NPL ratio.
- Management highlighted segment-led products, digital banking capabilities, and cash management as relationship-growth priorities.
- Capital returns continued through the $0.90 dividend and $179 million of share repurchases.
Management priorities
- Deepen deposit relationships through segment-led products, including direct-deposit, student, and health-care offerings.
- Expand the cash-management platform and other digital banking capabilities.
- Continue share repurchases while maintaining the dividend and ROTCE target.
- Reinvest maturing Treasury securities into two- and three-year notes.
Follow BPOP with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 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.…
Financial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| PNFP Pinnacle Financial Partners, Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.7% | +2.3% | PNFP: Strong loan growth and fee income, guidance maintained |
| BX Blackstone Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +8.4% | Blackstone highlights AI infrastructure and fundraising momentum |
| HBANM Huntington Bancshares Incorporated | FY2026 Q3 · Calendar Q4 2026 | — | +0.5% | Huntington maintains 2027 outlook as fee growth offsets pressure |
| HBAN Huntington Bancshares Incorporated | FY2026 Q3 · Calendar Q4 2026 | — | -0.4% | Huntington Reaffirms 2027 Targets as Fee Growth Supports Outlook |
| HBANP Huntington Bancshares Incorporated | FY2026 Q3 · Calendar Q4 2026 | — | +0.3% | Huntington maintains outlook as growth broadens and fee revenue rises |
| GL-PD Globe Life Inc. 4.25% Junior Su | FY2026 Q3 · Calendar Q4 2026 | -1.2% | — | Globe Life: Premium Growth Holds, Health Margins Face Pressure |
Latest beats and misses
Who reports nextBeat on EPS
- PNFPFY2026 Q3 · October 21, 2026+2.7% EPS+2.3% move
- SCCOFY2026 Q3 · October 21, 2026+6.4% EPS-2.1% move
- PKGFY2026 Q3 · October 21, 2026+3.8% EPS+4.2% move
- URIFY2026 Q3 · October 21, 2026+11.3% EPS+3.9% move
- LUVFY2026 Q3 · October 21, 2026+15.6% EPS+4.3% move
- RSFY2026 Q3 · October 21, 2026+17.4% EPS-0.7% move
Missed on EPS
- ROLFY2026 Q3 · October 21, 2026-1.4% EPS+5.6% move
- GGGFY2026 Q3 · October 21, 2026-2.5% EPS-16.6% move
- GL-PDFY2026 Q3 · October 21, 2026-1.2% EPS— move
- GLFY2026 Q3 · October 21, 2026-1.2% EPS-3.8% move
- METAFY2026 Q3 · October 21, 2026-41.4% EPS+0.5% move
- LVSFY2026 Q3 · October 21, 2026-20.9% EPS-1.7% 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 · 2026-10-22T17:07:58.843800+00:00
- FN2 earnings calendar · 2026-10-22T01:23:13.354406+00:00
- Polygon adjusted daily market bars · 2026-10-22T22:00:43.321173+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-22T22:00:43.317646+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.
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 2026-10-22. For educational purposes only; not investment advice.