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%.
Quarterly earnings and revenue trends
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.
Capital return, guidance and leadership update
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%.
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