POPULAR, INC. (BPOP) financial statements: income statement, balance sheet and cash flow

POPULAR, INC.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), POPULAR, INC. reported net income of $833.2M (+35.6% year on year).

Income statement

POPULAR, INC. income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Loans$2.8B$2.6B$2.3B$1.9B
Money market investments$254.8M$352.2M$366.6M$118.1M
Investment securities$765.1M$695.0M$547.0M$471.7M
Total interest income$3.8B$3.7B$3.2B$2.5B
Deposits$1.2B$1.3B$1.1B$252.8M
Short-term borrowings$15.8M$4.7M$7.3M$5.7M
Long-term debt$48.1M$50.2M$56.4M$40.0M
Total interest expense$1.2B$1.4B$1.1B$298.6M
Net interest income$2.5B$2.3B$2.1B$2.2B
Provision for credit losses$260.2M$256.9M$208.6M$83.0M
Net interest income after provision for credit losses$2.3B$2.0B$1.9B$2.1B
Net fees$558.8M$540.6M$521.9M$491.2M
Total mortgage banking activities$15.0M$19.1M$21.5M$42.5M
Net gain (loss), including impairment on equity securities$1.6M($1.6M)$3.5M($7.3M)
Net gain on trading account debt securities$1.9M$1.4M$1.4M($784.0K)
Net gain (loss) on sale of loans, including valuation on loans held for sale [1]$0$440.0K($115.0K)$0
Adjustments to indemnity reserves on loans sold($174.0K)$1.3M$2.3M$919.0K
Other operating income$81.0M$97.7M$100.2M$370.6M
Total non-interest income$658.0M$658.9M$650.7M$897.1M
Personnel costs$905.2M$820.5M$778.0M$719.8M
Net occupancy expenses$110.2M$111.4M$111.6M$106.2M
Equipment expenses$22.1M$33.4M$37.1M$35.6M
Other taxes$72.9M$66.0M$55.9M$63.6M
Professional fees$110.1M$125.8M$161.1M$172.0M
Technology and software expenses$341.6M$329.1M$290.6M$291.9M
Processing and transactional services$152.4M$142.7M$138.1M$127.1M
Communications$19.3M$18.9M$16.7M$14.9M
Business promotion$107.3M$101.9M$94.9M$88.9M
FDIC deposit insurance$24.4M$54.6M$106.0M$26.8M
Other real estate owned (OREO) income($13.4M)($18.1M)($15.4M)($22.1M)
Other operating expenses$65.4M$98.5M$97.3M$109.4M
Amortization expense$1.8M$2.9M$3.2M$3.3M
Goodwill impairment charge$13.0M$0$23.0M$9.0M
Total operating expenses$1.9B$1.9B$1.9B$1.7B
Income before income tax$1.0B$796.6M$675.5M$1.2B
Income tax (benefit) expense$173.6M$182.4M$134.2M$132.3M
Net Income$833.2M$614.2M$541.3M$1.1B
Net Income Applicable to Common Stock$831.7M$612.8M$539.9M$1.1B
Net Income per Common Share - Basic$12.31$8.56$7.53$14.65
Net Income per Common Share - Diluted$12.30$8.56$7.52$14.63
POPULAR, INC. income statement, quarters
Line itemJun 30, 2026 · Q2Mar 31, 2026 · Q1Sep 30, 2025 · Q3Jun 30, 2025 · Q2
Loans$714.3M$702.1M$702.0M$684.6M
Money market investments$47.0M$44.2M$66.9M$69.5M
Investment securities$220.4M$200.8M$197.7M$189.8M
Total interest income$981.6M$947.2M$966.6M$943.9M
Deposits$271.3M$259.4M$303.4M$295.1M
Short-term borrowings$5.2M$5.7M$4.6M$5.3M
Long-term debt$11.8M$11.9M$12.1M$12.0M
Total interest expense$288.2M$277.0M$320.1M$312.3M
Net interest income$693.4M$670.2M$646.5M$631.5M
Provision for credit losses$65.9M$75.9M$75.1M$48.9M
Net interest income after provision for credit losses$627.5M$594.3M$571.4M$582.6M
Service charges on deposit accounts$147.8M$38.8M$140.5M$139.3M
Mortgage banking activities$6.3M$4.2M$2.8M$4.9M
Net loss, including impairment on debt securities($595.0K)———
Net gain, including impairment on equity securities$2.3M$1.0M$2.2M$1.9M
Net gain on trading account debt securities$214.0K$261.0K$398.0K$538.0K
Adjustments to indemnity reserves on loans sold$394.0K$35.0K$36.0K$120.0K
Other operating income$24.1M$18.4M$25.3M$21.7M
Total non-interest income$180.5M$165.6M$171.2M$168.5M
Personnel costs$229.0M$216.1M$233.0M$229.4M
Net occupancy expenses$27.8M$27.3M$26.1M$29.1M
Equipment expenses$5.9M$5.2M$5.3M$5.8M
Other taxes$17.7M$17.7M$18.0M$18.6M
Professional fees$24.5M$25.6M$25.8M$28.1M
Technology and software expenses$91.0M$89.1M$87.1M$84.7M
Processing and transactional services$37.3M$39.1M$38.4M$37.9M
Communications$4.3M$4.5M$4.8M$5.0M
Business promotion$27.9M$22.9M$27.3M$26.4M
Deposit insurance$10.0M$9.9M$10.9M$9.4M
Other real estate owned (OREO) income($3.2M)($4.6M)($3.4M)($4.1M)
Other operating expenses$11.7M$14.2M$8.6M$22.1M
Amortization of intangibles$384.0K$384.0K$384.0K$385.0K
Total operating expenses$484.1M$467.3M$495.3M$492.8M
Income before income tax$324.0M$292.6M$247.3M$258.3M
Income tax expense$45.7M$46.9M$36.0M$47.9M
Net Income$278.2M$245.7M$211.3M$210.4M
Net Income Applicable to Common Stock$277.9M$245.3M$211.0M$210.1M
Net Income per Common Share - Basic (in dollars per share)$4.35$3.78$3.15$3.09
Net Income per Common Share - Diluted (in dollars per share)$4.35$3.78$3.14$3.09

Balance sheet

POPULAR, INC. balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Cash and due from banks (includes $185,376 due from bank subsidiary (2024 - $175,715))$402.8M$419.6M$420.5M$469.5M
Time deposits with other banks$4.6B$6.4B$7.0B$5.6B
Total money market investments$4.6B$6.4B$7.0B$5.6B
Trading account debt securities, at fair value$36.6M$32.8M$31.6M$27.7M
Pledged securities with creditors' right to repledge$30.7M$30.5M$72.8M$129.2M
Other debt securities available-for-sale$20.5B$18.2B$16.7B$17.7B
Debt securities available-for-sale$20.6B$18.2B——
Pledged securities with creditors' right to repledge$9.3M$27.4M$27.1M—
Other debt securities held-to-maturity$7.3B$7.7B$8.2B—
Debt securities held-to-maturity (fair value 2025 - $7,363,587; 2024 - $7,682,664)$7.3B$7.8B$8.2B$8.5B
Less - Allowance for credit losses$5.8M$5.3M$5.8M$6.9M
Debt securities held-to-maturity, net$7.3B$7.8B$8.2B$8.5B
Equity securities (realizable value 2025 - $230,388; 2024 - $208,663)$229.8M$208.2M$193.7M$195.9M
Loans held-for-sale, at fair value$10.0M$5.4M$4.3M$5.4M
Loans held-in-portfolio$39.7B$37.5B$35.4B$32.4B
Less - Unearned income$421.6M$415.3M$355.9M$295.2M
Allowance for credit losses$808.1M$746.0M$729.3M$720.3M
Total loans held-in-portfolio, net$38.5B$36.4B$34.3B$31.4B
Premises and equipment, net$685.8M$601.8M$565.3M$498.7M
Other real estate$42.4M$57.3M$80.4M$89.1M
Accrued income receivable$300.8M$263.4M$263.4M$240.2M
Mortgage servicing rights, at fair value$96.4M$108.1M$118.1M$128.3M
Other assets$1.7B$1.8B$2.0B$1.8B
Goodwill$790.0M$803.0M$804.4M$827.4M
Other intangible assets$5.1M$6.8M$9.8M$12.9M
Total assets$75.3B$73.0B$70.8B$67.6B
Non-interest bearing$15.3B$15.1B$15.4B$16.0B
Interest bearing$50.9B$49.7B$48.2B$45.3B
Total deposits$66.2B$64.9B$63.6B$61.2B
Assets sold under agreements to repurchase$39.0M$54.8M$91.4M$148.6M
Other short-term borrowings$650.0M$225.0M$0$365.0M
Notes payable$759.6M$896.3M$986.9M$886.7M
Other liabilities$1.5B$1.4B$914.6M$916.9M
Total liabilities$69.1B$67.4B$65.6B$63.5B
Preferred stock, 30,000,000 shares authorized; 885,726 shares issued and outstanding (2024 - 885,726)22.1M22.1M22.1M22.1M
Common stock, $0.01 par value; 170,000,000 shares authorized;104,921,229 shares issued (2024 - 104,849,460) and 65,719,385 shares outstanding (2024 - 70,141,291)1.0M1.0M1.0M1.0M
Surplus$4.9B$4.9B$4.8B$4.8B
Retained earnings$5.2B$4.6B$4.2B$3.8B
Treasury stock - at cost, 39,201,844 shares (2024 - 34,708,169)-2.7B-2.2B-2.0B-2.0B
Accumulated other comprehensive loss, net of tax($1.2B)($1.7B)($1.9B)($2.5B)
Total stockholders' equity$6.2B$5.6B$5.1B$4.1B
Total liabilities and stockholders' equity$75.3B$73.0B$70.8B$67.6B
POPULAR, INC. balance sheet, quarters
Line itemJun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025
Cash and due from banks$365.0M$384.9M$377.1M$400.6M
Time deposits with other banks$4.6B$4.7B$4.8B$6.3B
Total money market investments$4.6B$4.7B$4.8B$6.3B
Trading account debt securities, at fair value$31.2M$30.4M$33.1M$29.6M
Pledged securities with creditors’ right to repledge$79.5M$30.3M$40.4M$31.0M
Other debt securities available-for-sale$24.7B$21.7B$20.6B$20.5B
Debt securities available-for-sale$24.8B$21.7B$20.7B$20.5B
Pledged securities with creditors’ right to repledge$0$4.7M$18.5M$27.6M
Other debt securities held-to-maturity$6.2B$7.0B$7.4B$7.5B
Debt securities held-to-maturity (fair value 2026 - $6,176,976; 2025 - $7,363,587)$6.2B———
Less -Allowance for credit losses$6.2M$5.9M$5.8M$6.0M
Debt securities held-to-maturity, net$6.2B$7.0B$7.4B$7.5B
Equity securities (realizable value 2026 - $236,711; 2025 - $230,388)$236.7M$217.2M$219.0M$222.4M
Loans held-for-sale, at fair value$88.6M$5.6M$7.8M$2.9M
Loans held-in-portfolio$40.2B$39.7B$39.1B$38.6B
Less - Unearned income$406.7M$414.1M$424.8M$426.7M
Allowance for credit losses$784.8M$823.7M$786.2M$769.5M
Total loans held-in-portfolio, net$39.0B$38.5B$37.9B$37.4B
Premises and equipment, net$731.9M$706.2M$679.7M$649.2M
Other real estate$49.6M$45.7M$43.0M$46.1M
Accrued income receivable$307.3M$308.6M$297.3M$274.9M
Mortgage servicing assets, at fair value$94.5M$94.2M$99.5M$103.1M
Other assets$1.8B$1.7B$1.7B$1.7B
Goodwill$790.0M$790.0M$790.0M$803.0M
Other intangible assets$4.3M$4.7M$5.5M$5.8M
Total assets$79.0B$76.1B$75.1B$76.1B
Non-interest bearing$15.1B$15.8B$14.9B$15.1B
Interest bearing$55.1B$51.8B$51.6B$52.1B
Total deposits$70.2B$67.6B$66.5B$67.2B
Assets sold under agreements to repurchase$77.5M$34.6M$56.9M$56.0M
Other short-term borrowings$675.0M$350.0M$400.0M$550.0M
Notes payable$710.3M$735.0M$790.0M$808.5M
Other liabilities$843.3M$1.1B$1.2B$1.5B
Total liabilities$72.5B$69.8B$69.0B$70.1B
Preferred stock, 30,000,000 shares authorized; 885,726 shares issued and outstanding (2025 - 885,726)22.1M22.1M22.1M22.1M
Common stock, $0.01 par value; 170,000,000 shares authorized; 104,950,834 shares issued (2025 - 104,921,229) and 63,866,681 shares outstanding (2025 - 65,719,385)1.1M1.0M1.0M1.0M
Surplus$4.9B$4.9B$4.9B$4.9B
Retained earnings$5.6B$5.4B$5.0B$4.9B
Treasury stock - at cost, 41,084,153 shares (2025-39,201,844)-3.0B-2.9B-2.6B-2.5B
Accumulated other comprehensive loss, net of tax($1.2B)($1.2B)($1.3B)($1.4B)
Total stockholders’ equity$6.4B$6.3B$6.1B$6.0B
Total liabilities and stockholders’ equity$79.0B$76.1B$75.1B$76.1B

Cash flow statement

POPULAR, INC. cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net income$833.2M$614.2M$541.3M$1.1B
Provision for credit losses$260.2M$256.9M$208.6M$83.0M
Goodwill impairment charge$13.0M$0$23.0M$9.0M
Amortization of intangibles$1.8M$2.9M$3.2M$3.3M
Depreciation and amortization of premises and equipment$53.2M$57.1M$58.5M$55.1M
Net accretion of discounts and amortization of premiums and deferred fees($256.8M)($252.4M)($45.2M)$29.1M
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives($5.4M)($7.1M)($9.9M)($11.5M)
Share-based compensation$26.9M$19.7M$16.8M$16.7M
Impairment losses on right-of-use and long-lived assets$0$0$0$2.2M
Fair value adjustments on mortgage servicing rights$12.9M$11.4M$12.3M($166.0K)
Fair value adjustment for contingent consideration$0$0$0($9.2M)
Adjustments to indemnity reserves on loans sold$174.0K($1.3M)($2.3M)($919.0K)
Losses (earnings) from investments under the equity method, net of dividends or distributions($25.9M)($23.5M)($27.4M)($29.5M)
Deferred income tax expense (benefit)$6.4M$23.7M($43.1M)($33.1M)
Disposition of premises and equipment and other productive assets($187.0K)($7.6M)($12.8M)($9.5M)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities($608.0K)($758.0K)$203.0K$252.0K
Sale of equity method investment($1.2M)$0($152.0K)($8.2M)
Sale of stock in equity method investee / as part of the Evertec Transactions$0($551.0K)$0($240.4M)
Sale of foreclosed assets, including write-downs($11.9M)($18.0M)($22.7M)($33.0M)
Acquisitions of loans held-for-sale($8.7M)($6.9M)($7.6M)($122.4M)
Proceeds from sale of loans held-for-sale$36.0M$47.8M$44.7M$64.5M
Net originations on loans held-for-sale($34.2M)($49.6M)($68.3M)($202.9M)
Trading debt securities$10.5M$13.9M$33.5M$353.3M
Equity securities($5.2M)($6.8M)($11.3M)$54.0K
Accrued income receivable($37.4M)$216.0K($23.2M)($62.9M)
Other assets$54.9M$30.0M$24.2M$76.6M
Interest payable$5.5M$1.6M$19.8M$6.1M
Pension and other postretirement benefits obligation$4.5M$8.5M$16.1M($2.9M)
Other liabilities($53.2M)($38.8M)($41.4M)($20.7M)
Total adjustments$45.3M$60.5M$145.3M($88.1M)
Net cash provided by operating activities$878.4M$674.7M$686.6M$1.0B
Net decrease (increase) in money market investments$1.8B$620.6M($1.4B)$11.9B
Available-for-sale($36.8B)($34.3B)($16.7B)($22.2B)
Held-to-maturity$0$0($8.6M)($1.9B)
Equity($60.2M)($27.2M)($18.5M)($48.9M)
Available-for-sale$35.2B$33.8B$18.2B$20.1B
Held-to-maturity$607.3M$659.5M$458.8M$9.8M
Equity$45.2M$19.6M$31.9M$43.0M
Net disbursements on loans($1.8B)($1.6B)($2.5B)($2.2B)
Proceeds from sale of loans$67.0M$42.3M$135.2M$141.3M
Acquisition of loan portfolios($733.4M)($668.2M)($770.5M)($753.7M)
Return of capital from equity method investments$3.0K$279.0K$249.0K$681.0K
Payments to acquire equity method investments($687.0K)($1.3M)($1.5M)($1.6M)
Proceeds from sale of equity method investment$1.2M$0$152.0K$228.1M
Proceeds from sale of stock in equity method investee$0$4.5M——
POPULAR, INC. cash flow statement, quarters
Line itemJun 30, 2026 · YTDMar 31, 2026 · Q1Sep 30, 2025 · YTDJun 30, 2025 · YTD
Net income$523.9M$245.7M$599.3M$387.9M
Provision for credit losses$141.8M$75.9M$188.1M$113.0M
Amortization of intangibles$768.0K$384.0K$1.4M$982.0K
Depreciation and amortization of premises and equipment$27.9M$13.5M$38.9M$25.3M
Net accretion of discounts and amortization of premiums and deferred fees($129.1M)($57.5M)($203.9M)($136.2M)
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives($2.7M)($1.2M)($4.7M)($2.8M)
Share-based compensation$22.8M$16.2M$23.6M$21.9M
Net loss, including impairment on debt securities$595.0K———
Fair value adjustments on mortgage servicing rights$2.9M$2.6M$9.4M$5.5M
Adjustments to indemnity reserves on loans sold($429.0K)($35.0K)($329.0K)($293.0K)
Earnings from investments under the equity method, net of dividends or distributions($10.1M)($13.0M)($13.8M)$152.0K
Deferred income tax expense$17.6M—$26.7M$20.8M
Disposition of premises and equipment and other productive assets($171.0K)$59.0K($31.0K)($91.0K)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities($477.0K)($317.0K)($103.0K)($156.0K)
Sale of equity method investment$0—($1.2M)($1.2M)
Sale of foreclosed assets, including write-downs($6.2M)($2.3M)($8.7M)($5.1M)
Acquisitions of loans held-for-sale($6.6M)($3.6M)($4.1M)($2.3M)
Proceeds from sale of loans held-for-sale$23.1M$11.1M$26.9M$15.6M
Net originations on loans held-for-sale($23.5M)($10.2M)($22.2M)($12.1M)
Trading debt securities$26.8M$17.6M$6.6M$10.0M
Equity securities($5.7M)($849.0K)($4.8M)($1.4M)
Accrued income receivable($6.5M)($7.8M)($33.9M)($11.4M)
Other assets($5.0M)($2.1M)($4.0M)($19.4M)
Interest payable$4.2M($7.3M)($7.0M)$2.6M
Pension and other postretirement benefits obligation$589.0K$1.3M$3.4M$2.2M
Other liabilities($57.6M)($86.1M)($18.3M)$1.4M
Total adjustments$14.9M($54.1M)$10.7M$27.1M
Net cash provided by operating activities$538.8M$191.6M$610.0M$415.0M
Net decrease in money market investments$70.8M($29.6M)$1.6B$40.8M
Available-for-sale($22.7B)($10.4B)($28.3B)($18.9B)
Equity($29.5M)($10.1M)($37.0M)($25.8M)
Available-for-sale$17.9B$9.0B$26.2B$17.1B
Held-to-maturity$1.2B$409.1M$456.5M$303.2M
Equity$28.4M$23.7M$32.5M$14.5M
Net disbursements on loans($585.6M)$107.4M($1.3B)($912.0M)
Proceeds from sale of loans$184.6M$14.7M$61.4M$41.0M
Acquisition of loan portfolios($294.6M)($160.7M)($480.8M)($319.3M)
Return of capital from equity method investments$1.0K—$2.0K$0
Net proceeds from sale of equity method investment$0—$1.2M$1.2M
Payments to acquire equity method investments($1.4M)($1.0M)($687.0K)—
Acquisition of premises and equipment and other productive assets($93.8M)($36.7M)($150.1M)($96.2M)
Premises and equipment and other productive assets$756.0K$277.0K$494.0K$344.0K
Foreclosed assets$35.5M$17.6M$67.9M$47.6M
Net cash used in investing activities($4.2B)($1.1B)($1.8B)($2.7B)
Deposits$4.0B$1.4B$1.6B$2.3B

POPULAR, INC. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.