--- title: "Popular | 10-Q: FY2026 Q1 Revenue: USD 1.113 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285769978.md" datetime: "2026-05-08T20:11:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285769978.md) - [en](https://longbridge.com/en/news/285769978.md) - [zh-HK](https://longbridge.com/zh-HK/news/285769978.md) --- # Popular | 10-Q: FY2026 Q1 Revenue: USD 1.113 B Revenue: As of FY2026 Q1, the actual value is USD 1.113 B. EPS: As of FY2026 Q1, the actual value is USD 3.78, beating the estimate of USD 3.3366. EBIT: As of FY2026 Q1, the actual value is USD -377.57 M. #### Consolidated Financial Performance (Quarter ended March 31, 2026 vs 2025) - Net Interest Income: $670,180 thousand in 2026, compared to $605,597 thousand in 2025. - Provision for Credit Losses: $75,886 thousand in 2026, up from $64,081 thousand in 2025. - Total Non-Interest Income: $165,626 thousand in 2026, an increase from $152,061 thousand in 2025. - Total Operating Expenses: $467,310 thousand in 2026, a decrease from $471,012 thousand in 2025. - Net Income: $245,674 thousand in 2026, significantly higher than $177,502 thousand in 2025. #### Consolidated Financial Condition (March 31, 2026 vs December 31, 2025) - Total Assets: $76,131,018 thousand at March 31, 2026, up from $75,348,267 thousand at December 31, 2025. - Total Deposits: $67,611,316 thousand at March 31, 2026, compared to $66,190,093 thousand at December 31, 2025. - Loans Held-in-Portfolio (HIP): $39,703,844 thousand at March 31, 2026, slightly down from $39,749,142 thousand at December 31, 2025. - Allowance for Credit Losses (Loans): Increased to $823,729 thousand at March 31, 2026, from $808,056 thousand at December 31, 2025. - Total Stockholders’ Equity: $6,311,086 thousand at March 31, 2026, compared to $6,249,079 thousand at December 31, 2025. #### Cash Flow Activities (Quarters ended March 31, 2026 vs 2025) - Net Cash Provided by Operating Activities: $191,614 thousand in 2026, an increase from $172,058 thousand in 2025. - Net Cash Used in Investing Activities: -$1,096,470 thousand in 2026, compared to -$886,914 thousand in 2025. - Net Cash Provided by Financing Activities: $886,592 thousand in 2026, up from $676,072 thousand in 2025. #### Segmented Loan Performance (March 31, 2026 vs December 31, 2025) - **BPPR Loans Held-in-Portfolio (HIP)**: $27,676,913 thousand at March 31, 2026, compared to $27,658,628 thousand at December 31, 2025. - Non-accrual loans: $420,273 thousand at March 31, 2026, compared to $458,709 thousand at December 31, 2025. - Accruing loans 90 days or more past due: $226,218 thousand at March 31, 2026, compared to $228,772 thousand at December 31, 2025. - **Popular U.S. Loans Held-in-Portfolio (HIP)**: $11,612,789 thousand at March 31, 2026, compared to $11,668,890 thousand at December 31, 2025. - Non-accrual loans: $37,844 thousand at March 31, 2026, compared to $39,634 thousand at December 31, 2025. - Accruing loans 90 days or more past due: $169 thousand at March 31, 2026, compared to $188 thousand at December 31, 2025. #### Debt Securities (March 31, 2026 vs December 31, 2025) - Total Debt Securities Available-for-Sale (Fair Value): $21,733,269 thousand at March 31, 2026, compared to $20,574,972 thousand at December 31, 2025. - Gross Unrealized Losses on Debt Securities Available-for-Sale: $917,511 thousand at March 31, 2026, compared to $902,467 thousand at December 31, 2025. - Total Debt Securities Held-to-Maturity (Fair Value): $6,963,223 thousand at March 31, 2026, compared to $7,363,587 thousand at December 31, 2025. - Allowance for Credit Losses on Debt Securities Held-to-Maturity: $5,900 thousand at March 31, 2026, compared to $5,812 thousand at December 31, 2025. #### Loan Modifications (Quarter ended March 31, 2026) - Loans Modified to Borrowers Experiencing Financial Difficulties (Amortized Cost Basis): $1,413 thousand for interest rate reductions, $65,892 thousand for term extensions, $173,242 thousand for other-than-insignificant payment delays, $5,238 thousand for combination of term extension and interest rate reduction, and $2,635 thousand for combination of other-than-insignificant payment delays and interest rate reduction. - Subsequent Defaults on Modified Loans (Amortized Cost Basis): $10,568 thousand during the quarter ended March 31, 2026. #### Other Key Metrics and Operational Details - **Goodwill by Segment (March 31, 2026)**: BPPR had $434,909 thousand (net) and Popular U.S. had $355,045 thousand (net). - **Puerto Rico Government Direct Exposure**: Totaled $390 million at March 31, 2026, with $340 million outstanding, primarily from municipalities. - **Puerto Rico Government Indirect Exposure**: $201 million in loans insured or securities issued by governmental entities where the principal repayment source is non-governmental. - **USVI Government Direct Exposure**: $28 million at March 31, 2026. - **British Virgin Islands (BVI) Loan Portfolio**: $197 million at March 31, 2026. - **Stock Repurchase Program**: Popular, Inc. repurchased 1,155,398 shares for $155.2 million during the quarter ended March 31, 2026, with $126.0 million remaining available under the 2025 program. - **Dividends Declared**: $0.75 per common share in Q1 2026, totaling $48.7 million. ### Related Stocks - [BPOP.US](https://longbridge.com/en/quote/BPOP.US.md) ## Related News & Research - [Arbejdsmarkedets Tillaegspension Purchases Shares of 199,494 Popular, Inc. $BPOP](https://longbridge.com/en/news/286523422.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [FRONTERA ANNOUNCES FIRST QUARTER 2026 RESULTS | FECCF Stock News](https://longbridge.com/en/news/286507909.md) - 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