Popular, Inc.

BPOP

NASDAQ · Regional Banks

$156.52

At close - Nov 6, 4:00 PM EST - USD

Market Cap$10.1B

P/E9.6x

52W High$179.24

Volume464.75K

VCP Research Verdict2026Q3

Volume-Led NII Growth Masks Flat Margins

Popular, Inc. appears to be transitioning from rate-driven to volume-driven growth, with net interest income of $698.9M in 2026Q3 (up 8.1% year-over-year) decelerating from the 12.9% pace of 2025Q3 while net interest margin has held flat at 0.9% for six consecutive quarters.

Explore valuation models

MARKET ACTION

BPOP price & volume

Price trend, volume and key moving averages

Launch Terminal

Loading chart...

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis

Fundamental Trajectory

Revenue momentum appears volume-led rather than spread-led, with NII of $698.9M in 2026Q3 growing 8.1% year-over-year against a flat 0.9% NIM, while non-interest income of $179.4M lifted fees to 20.4% of total revenue from 18.3% in 2024Q2.

Analyst Consensus+21.2% target

Buy(21 analysts)

18 Buy3 Hold0 Sell

The Bull Case

Upside Catalysts

Strong Earnings Growth

Analysts anticipate significant earnings per share (EPS) growth for BPOP, with projections of 9% for 2025 and 11% for 2026. The company's earnings are expected to grow by 9.84% next year, from $14.84 to $16.30 per share.

Positive Analyst Sentiment

A significant majority of analysts recommend a 'Buy' or 'Strong Buy' for BPOP stock. For instance, 8 analysts have a consensus rating of 'Buy,' with 38% recommending 'Strong Buy' and 63% recommending 'Buy.'

Recent Performance and Beat

BPOP recently reported Q1 2026 earnings of $3.78 per share, exceeding analysts' expectations of $3.23 by 17.03%. The company also beat revenue estimates in Q1 2026, reporting $835.81 million against an estimate of $801.84 million.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return

BPOP+26.17%

S&P 500 (^GSPC)+7.63%

1-Year Return

BPOP+41.70%

S&P 500 (^GSPC)+9.69%

3-Year Return

BPOP+138.85%

S&P 500 (^GSPC)+69.28%

5-Year Return

BPOP+104.91%

S&P 500 (^GSPC)+57.24%

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis

Trailing P/EMedian

9.6x

Forward P/E

9.7x

EV/EBITDA100th %ile

5.4x

FCF YieldCash Flow

6.6%

Valuation vs 5-Year History

Multiple Range

Metric

Current

5Y Median

Historical Range

Percentile

P/E

9.6x

10.1x

40th· Fair

EV/EBITDA

5.4x

1.5x

100th· High

Price/FCF

15.2x

12.3x

100th· High

Current Multiple

5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection

Bear$149.09-4.7%

Base (Fair)$278.33+77.8%

Bull$451.66+188.6%

$149.09 Bear$278.33 Base$451.66 Bull

Current Market Price: $156.52

Trades at a 43.8% discount to Base DCF ($278.33)

Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend

Revenue FY25

$3.19B+13.9% YoY

Net income FY25

$833M+35.6% YoY

Free cash flow FY25

$681M+47.6% YoY

Operating margin FY25

31.6%+3.1 pts YoY

ROIC (FY25)10.2%

Avg ROIC 5Y10.9%

ROE (TTM)16.2%

Piotroski Score7 / 9

Financial Statements →

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History

EPS Beat Rate11/12 (92%)

Revenue Beat Rate4/12 (33%)

Quarter	EPS (Act vs Est)	Revenue (Act vs Est)
Q4 2026Latest Oct 22, 2026	$4.21+6.6% vs $3.95	$875M-3.3% vs $904M
Q3 2026 Jul 23, 2026	$4.35+16.9% vs $3.72	$874M-0.5% vs $878M
Q2 2026 Apr 23, 2026	$3.78+14.5% vs $3.30	$836M-1.6% vs $850M
Q1 2026 Jan 27, 2026	$3.38+11.9% vs $3.02	$900M+7.2% vs $839M

Historical baseline: 12 quarters analyzedGAAP / Adjusted

MARKET COVERAGE

Latest News

4 Stories

Business Wire·Oct 23, 2026

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.90 per share on its outstanding common stock. The dividend will be payable on January 4, 2027 to shareholders of record at the close of business on November 13, 2026. About Popular, Inc. Popular, Inc. (NASDAQ: BPOP) is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding.

MarketBeat·Oct 22, 2026

Popular Q3 Earnings Call Highlights

Popular NASDAQ: BPOP reported third-quarter net income of $266 million, or $4.21 per share, as higher net interest income and stable underlying credit trends were partly offset by higher operating expenses and lower non-interest income.

Seeking Alpha·Oct 22, 2026

Zacks Investment Research·Oct 22, 2026

Popular (BPOP) came out with quarterly earnings of $4.21 per share, beating the Zacks Consensus Estimate of $3.9 per share. This compares to earnings of $3.14 per share a year ago.

Filtered for Popular, Inc.More Headlines

Compare before deciding

Benchmark BPOP against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Popular, Inc. (BPOP)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
BPOPPopular, Inc.Current	$156.52	$10.1B	9.65	13.87%	29.97%	16.24%	1.87%
FBPFirst BanCorp.	$26.00	$3.97B	10.73	10.75%	35.26%	18.91%	2.76%
OFGOFG Bancorp	$50.82	$2.15B	9.58	4.42%	30.14%	16.38%	2.15%
IBCPIndependent Bank Corporation	$36.31	$748.21M	11.25	4.57%	29.92%	13.61%	2.85%
WSFSWSFS Financial Corporation	$78.94	$4.11B	12.11	2.08%	29.98%	12.42%	0.87%
HOPEHope Bancorp, Inc.	$13.18	$1.68B	12.78	5.26%	22.78%	5.82%	4.17%

Compare BPOP vs Peers

Popular, Inc. (BPOP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FBP

Most directly comparable listed peer for BPOP.

Scale Benchmark

vs V

Larger-name benchmark to compare BPOP against a more recognizable public peer.

Peer Set

Compare Top 5

vs FBP, OFG, IBCP, WSFS

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

BPOP SEC Filings & Documents

Popular, Inc. (BPOP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Oct 23, 2026·SEC

Material company update

Oct 22, 2026·SEC

Material company update

Aug 20, 2026·SEC

10-K Annual Reports

FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 3, 2025·SEC

10-Q Quarterly Reports

FY 2026

Aug 7, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 10, 2025·SEC

Get notified when BPOP posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

BPOP Frequently Asked Questions

Popular, Inc. (BPOP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

How fast is Popular, Inc. growing?

Popular, Inc. (BPOP) grew revenue by 14.6% over the trailing twelve months, compared with the twelve months before.

Is BPOP profitable?

Yes. Popular, Inc. (BPOP) earned $1.02B in net income over the trailing twelve months (a 30.0% net margin).

Dividend & Returns

Does BPOP pay dividends?

Yes. Popular, Inc. (BPOP) pays a dividend that yields 1.87% at the current price, a moderate yield.

What is BPOP's return on equity?

Popular, Inc. (BPOP) had a return on equity (ROE) of 16.2% over the trailing twelve months. That is above the market's typical 10-15%.

Industry Metrics

What is Popular, Inc.'s net interest margin?

Popular, Inc. (BPOP) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.

What is Popular, Inc.'s efficiency ratio?

Popular, Inc. (BPOP) has an efficiency ratio of 60.2%. This is reasonable for a bank.

What if you invested $1,000 in BPOP back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

EPS (Act vs Est)

Revenue (Act vs Est)

Q4 2026Latest

Oct 22, 2026

$4.21+6.6%

vs $3.95

$875M-3.3%

vs $904M

Q3 2026

Jul 23, 2026

$4.35+16.9%

vs $3.72

$874M-0.5%

vs $878M

Q2 2026

Apr 23, 2026

$3.78+14.5%

vs $3.30

$836M-1.6%

vs $850M

Q1 2026

Jan 27, 2026

$3.38+11.9%

vs $3.02

$900M+7.2%

vs $839M

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

BPOPPopular, Inc.Current

$156.52

$10.1B

9.65

13.87%

29.97%

16.24%

1.87%

FBPFirst BanCorp.

$26.00

$3.97B

10.73

10.75%

35.26%

18.91%

2.76%

OFGOFG Bancorp

$50.82

$2.15B

9.58

4.42%

30.14%

16.38%

2.15%

IBCPIndependent Bank Corporation

$36.31

$748.21M

11.25

4.57%

29.92%

13.61%

2.85%

WSFSWSFS Financial Corporation

$78.94

$4.11B

12.11

2.08%

29.98%

12.42%

0.87%

HOPEHope Bancorp, Inc.

$13.18

$1.68B

12.78

5.26%

22.78%

5.82%

4.17%