Puerto Rico bank Popular's Q3 net income rises slightly

Popular

23/10/2025 12:14

Overview

Popular Q3 net income rises slightly to $211.3 mln from $210.4 mln in Q2

EPS for Q3 increases to $3.15 from $3.09 in Q2

Company repurchased 1 mln shares for $119.4 mln, increased dividend to $0.75 per share

Outlook

Company expects effective tax rate for Q4 2025 to be 14%-16%

Popular anticipates full-year 2025 effective tax rate of 16%-18%

Result Drivers

NET INTEREST INCOME - Driven by asset repricing and increased deposits, despite higher interest expenses

LOAN GROWTH - Strong growth in commercial and mortgage loan portfolios contributed to higher interest income

CREDIT QUALITY IMPACT - Two large commercial loans became non-performing, increasing NPLs and net charge-offs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$3.14
Q3 Net Income
$211.31 mln
Q3 Net Interest Income
$646.50 mln
Q3 Credit Loss Provision
$75.12 mln
Q3 Operating Expenses
$495.28 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Popular Inc is $144.00, about 18.3% above its October 21 closing price of $117.63

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw2sMP9ta

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)