Popular Q2 FY26 net income rises 32% to $278 million; EPS climbs 41% to $4.35 vs year-ago quarter
Reuters2026/07/23 12:08- Popular posts Q2 2026 net income of USD 278 million, up 13% from Q1 2026; EPS rose to USD 4.35 from USD 3.78.
- Net interest income climbed to USD 693.42 million, up 3.5% from Q1, as investment securities income rose and commercial loan balances grew.
- Non-interest income increased 8% from Q1 to USD 180.55 million, led by higher credit and debit card fees; operating expenses rose 3% to USD 484.13 million.
- Credit quality shifted as the net charge-off ratio widened to 1.05% from 0.61% on a USD 71 million commercial charge-off; the NPL ratio narrowed to 1.04% from 1.17%.
- Management flagged a CEO transition for Aug. 31, 2026, lifted planned quarterly dividend to USD 0.90 from USD 0.75, launched a new USD 1 billion buyback, and raised full-year net interest income growth guidance to 8%-9%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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