Popular, Inc. Q1 Net Income Rises to $245.3M; ROTCE at 15.5%
Popular, Inc. reported Q1 net income of $245.3 million, up from $177.1 million year-ago, and EPS climbed to $3.78 from $2.56. Net interest income rose to $670.2 million from $605.6 million and ROTCE improved to 15.5% from 14.4%.
1. Q1 Profit Surge
Popular, Inc. delivered first-quarter net income to common stockholders of $245.3 million, a 38.5% increase from $177.1 million in the same period last year. Earnings per share rose to $3.78 from $2.56.
2. Income Breakdown
Net interest income increased to $670.18 million from $605.60 million year-over-year, while other non-interest income climbed to $165.63 million from $152.06 million, driven by fee growth and trading gains.
3. ROTCE Improvement
Return on tangible common equity reached 15.5%, up from 14.4% in Q4 2025 and 11.4% a year earlier, marking progress toward the bank’s 14% through-the-cycle target, according to CEO Javier Ferrer.
4. Revenue and Net Revenue
Total revenue for the quarter was $1.11 billion, with net revenue after interest expense of $835.8 million, slightly below Street estimates. Popular shares have gained 19% year-to-date and 66% over the past 12 months.