Popular, Inc. Reports Strong Q1 Growth with Net Income Surge to $245.3 Million

Popular, Inc. (BPOP) has announced a robust financial performance for the first quarter of 2026, reporting a substantial rise in net income to common stock. The company recorded $245.3 million for the period, a marked increase from the $177.1 million reported during the same quarter of the previous year. This growth is underpinned by a strong expansion in core revenue drivers. Net interest income rose to $670.18 million, up from $605.60 million year-over-year, while other non-interest income grew to $165.63 million from $152.06 million. Earnings per common share climbed to $3.78, compared to $2.56 in the prior year. A key highlight for investors is the Return on Tangible Common Equity (ROTCE), which reached 15.5% this quarter. This represents an improvement over the 14.4% seen in the fourth quarter of 2025 and a significant jump from the 11.4% recorded a year ago. CEO Javier Ferrer noted that the current ROTCE is a meaningful step toward the company's long-term objective of maintaining a sustainable, through-the-cycle ROTCE of 14%. The results suggest the bank is successfully navigating the current economic environment to drive shareholder value.