BPOPMMEDIUM SIGNALFINANCIAL10-K

Popular Inc. delivered strong financial performance with substantially higher net income and improved credit quality, while building capital and generating robust operating cash flows.

The bank demonstrated solid operational execution with meaningful earnings growth driven by revenue expansion and reduced credit provisions, indicating improved asset quality and effective risk management. The substantial increase in operating cash flow and growth in stockholders' equity suggests strong capital generation capabilities, though the notable decline in cash balances warrants monitoring for liquidity management purposes.

Comparing 2026-03-02 vs 2025-03-03View on EDGAR →
FINANCIAL ANALYSIS

Popular Inc. showed strong financial momentum with net income growing substantially alongside solid revenue expansion, while credit provisions declined meaningfully, reflecting improved asset quality. Operating cash flow increased notably and stockholders' equity grew modestly, demonstrating healthy capital generation. However, cash and equivalents declined significantly, which may indicate either strategic deployment of excess liquidity or changes in funding dynamics that merit investor attention.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
+35.6%
$614.2M$833.2M

Net income grew 35.6% — bottom-line growth signals improving overall business health.

Cash & Equivalents
Balance Sheet
-33.2%
$677.3M$452.4M

Cash declined 33.2% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Operating Cash Flow
Cash Flow
+30.2%
$674.7M$878.4M

Operating cash flow surged 30.2% — exceptional cash generation, highest quality earnings signal.

Provision for Credit Losses
P&L
-27.3%
$228.1M$165.8M

Provisions reduced 27.3% — improving credit quality or reserve release boosting reported earnings.

Revenue
P&L
+16%
$651.8M$756.1M

Revenue growing 16% — solid top-line momentum, watch margins for quality of growth.

Stockholders Equity
Balance Sheet
+11.3%
$5.6B$6.2B

Equity base grew 11.3% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-03-02
PRIOR — 2025-03-03
ADDED
was approximately $ 7.5 billion based upon the reported closing price of $110.21 on the Nasdaq Global Select Market on that date.
As of February 26, 2026, there were 65,104,302 shares of Popular, Inc.
The Proxy Statement will be filed with the Securities and Exchange Commission (the SEC ) on or about March 24, 2026.
Popular was incorporated in 1984 under the laws of the Commonwealth of Puerto Rico and is the largest financial institution based in Puerto Rico, with consolidated assets of $75.3 billion, total deposits of $66.2 billion and stockholders equity of $6.2 billion at December 31, 2025.
We operate in two principal markets: Puerto Rico: We provide retail, mortgage and commercial banking services, as well as auto and equipment leasing and financing through our principal banking subsidiary, Banco Popular de Puerto Rico ( Banco Popular or BPPR ), and broker- dealer and insurance services through specialized subsidiaries.
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REMOVED
was approximately $ 6.3 billion based upon the reported closing price of $88.43 on the Nasdaq Global Select Market on that date.
As of February 27, 2025, there were 69,606,726 shares of Popular, Inc.
The Proxy Statement will be filed with the Securities and Exchange Commission (the SEC ) on or about March 25, 2025.
Popular was incorporated in 1984 under the laws of the Commonwealth of Puerto Rico and is the largest financial institution based in Puerto Rico, with consolidated assets of $73.0 billion, total deposits of $64.9 billion and stockholders equity of $5.6 billion at December 31, 2024.
We operate in two principal markets: Puerto Rico: We provide retail, mortgage and commercial banking services through our principal banking subsidiary, Banco Popular de Puerto Rico ( Banco Popular or BPPR ), as well as auto and equipment leasing and financing, broker-dealer and insurance services through specialized subsidiaries.
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