Puerto Rico's Popular Q2 profit rises on higher interest income; lifts dividend
BPOP•Outlook raised for 2026
Popular raised its 2026 net interest income growth outlook to 8%–9% from 5%–7%.
The company also lifted non-interest income guidance to $165 million–$170 million per quarter for 2026 and expects loan growth at the low end of its prior 3%–4% range.
Dividend increased and buyback authorized
The company raised its quarterly dividend by 20% and authorized a new $1 billion share buyback.
CEO Javier D. Ferrer is set to retire effective Aug. 31, 2026.
Q2 profit rises on higher interest income
Puerto Rico bank Popular reported second-quarter net income and earnings per share up both sequentially and year over year.
| Metric | Actual |
|---|---|
| Q2 EPS | $4.35 |
| Q2 Net Income | $278 mln |
| Q2 Net Interest Income | $693.42 mln |
| Q2 Credit Loss Provision | $65.87 mln |
Drivers behind the quarter and analyst view
Higher net interest income was driven by increased income from investment securities and commercial loan growth, as well as one additional day in the quarter.
