The bank maintains a consistent capital cushion with an equity-to-assets ratio of 0.08, while the investment securities portfolio now represents approximately 89% of the $76.1 billion total asset base.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 105.36B | 25.61B | 25.02B | 24.08B | 23.76B | 42.84B | 33.57B | 21.1B | 17.58B | 15.44B | 10.95B | 7.77B | 6.35B | 5.11B | 4.76B | 4.86B | 1.25B | 1.23B | 1.06B | 941.85M | 965.34M | 915.05M | 716.78M | 696.14M | 655.61M | 609.2M | 736.96M | 718.1M | 704.9M | 472.2M | 511.4M |
| Cash & Due from Banks | 5.04B | 5.03B | 6.8B | 7.42B | 6.08B | 17.97B | 12.13B | 3.65B | 4.57B | 5.66B | 3.23B | 2.45B | 2.05B | 1.1B | 1.28B | 1.58B | 1.25B | 1.23B | 1.06B | 941.85M | 965.34M | 915.05M | 716.78M | 696.14M | 655.61M | 609.2M | 736.96M | 718.1M | 704.9M | 472.2M | 511.4M |
| Short Term Investments | 21.73B | 20.58B | 18.22B | 16.66B | 17.68B | 24.87B | 21.44B | 17.45B | 13.02B | 9.78B | 7.72B | 5.32B | 4.29B | 4.01B | 3.48B | 3.27B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 67.68B | 66.94B | 62.79B | 59.61B | 57.96B | 52.7B | 49.37B | 43.9B | 38.57B | 33.8B | 30.41B | 27.79B | 25.7B | 28.08B | 27.92B | 27.9B | 31.19B | 29.52B | 33.84B | 38.58B | 42.45B | 43.44B | 40.11B | 32.67B | 29.92B | 27.71B | 24.83B | 22.24B | 20.06B | 16.81B | 14.21B |
| Investments Growth % | 31.44% | 6.61% | 5.34% | 2.86% | 9.97% | 6.75% | 12.47% | 13.8% | 14.14% | 11.14% | 9.41% | 8.15% | -8.5% | 0.59% | 0.06% | -10.54% | 5.64% | -12.74% | -12.29% | -9.13% | -2.26% | 8.29% | 22.79% | 9.17% | 7.99% | 11.61% | 11.63% | 10.88% | 19.3% | 18.35% | 6.25% |
| Long-Term Investments | 179.6B | 46.36B | 44.58B | 42.96B | 40.28B | 27.83B | 27.93B | 26.45B | 25.55B | 24.01B | 22.69B | 22.47B | 21.4B | 24.08B | 24.44B | 24.63B | 31.19B | 29.52B | 33.84B | 38.58B | 42.45B | 43.44B | 40.11B | 32.67B | 29.92B | 27.71B | 24.83B | 22.24B | 20.06B | 16.81B | 14.21B |
| Accounts Receivables | 551K | 245K | 588K | 23.1M | 35.1M | 65.46M | 65.43M | 47.05M | 40.09M | 7.51M | 46.63M | 78.76M | 66.95M | 71.68M | 137.54M | 69.53M | 150.66M | 126.08M | 156.23M | 216.11M | 0 | 0 | 0 | 176.15M | 184.55M | 186.14M | 202.54M | 175.7M | 156.3M | 118.7M | 95.5M |
| Goodwill & Intangibles | 988.62M | 1.07B | 917.88M | 932.3M | 968.72M | 857.32M | 811.98M | 850.81M | 867.73M | 831M | 869.23M | 895.9M | 651.97M | 853.99M | 856.48M | 863.63M | 872.99M | 648.15M | 658.96M | 700.26M | 667.85M | 653.98M | 411.31M | 176.15M | 184.55M | 186.14M | 202.54M | 175.7M | 156.3M | 118.7M | 95.5M |
| Goodwill | 789.95M | 789.95M | 802.95M | 804.43M | 827.43M | 720.29M | 671.12M | 671.12M | 671.12M | 627.29M | 627.29M | 626.39M | 465.68M | 647.76M | 647.76M | 648.35M | 647.39M | 604.35M | 605.79M | 630.76M | 667.85M | 653.98M | 411.31M | 176.15M | 184.55M | 186.14M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 198.66M | 284.81M | 114.93M | 127.87M | 141.29M | 137.03M | 140.86M | 179.69M | 196.61M | 203.7M | 241.94M | 269.51M | 186.29M | 206.23M | 208.72M | 215.28M | 225.6M | 43.8M | 53.16M | 69.5M | 0 | 0 | 0 | 0 | 0 | 0 | 202.54M | 175.7M | 156.3M | 118.7M | 95.5M |
| PP&E (Net) | 828.42M | 804.74M | 714.35M | 702.48M | 643.17M | 649.45M | 657.63M | 719.39M | 569.81M | 547.14M | 543.98M | 502.61M | 494.58M | 519.52M | 535.79M | 538.49M | 545.45M | 584.85M | 620.81M | 588.16M | 595.14M | 596.57M | 545.68M | 485.45M | 461.18M | 405.7M | 405.77M | 441M | 424.7M | 364.9M | 356.7M |
| Other Assets | 602.75M | 584.25M | 449.02M | 442.02M | 430.81M | 379.59M | 357.25M | 477.29M | 572.9M | 783.68M | 995.27M | 1.55B | 2.35B | 3.52B | 4.4B | 5.15B | 4.81B | 2.63B | 2.55B | 3.39B | 2.61B | 2.91B | 2.58B | 2.19B | 2.22B | 1.58B | 1.6B | 1.58B | 1.54B | 1.3B | 1.46B |
| Total Current Assets | 26.86B | 25.71B | 25.46B | 24.72B | 24.36B | 44.73B | 35.31B | 22.73B | 19.03B | 17.1B | 12.39B | 9.04B | 7.38B | 6.01B | 5.74B | 5.73B | 1.4B | 1.35B | 1.22B | 1.16B | 965.34M | 915.05M | 716.78M | 872.29M | 840.16M | 795.34M | 939.5M | 893.8M | 861.2M | 590.9M | 606.9M |
| Total Non-Current Assets | 49.27B | 49.64B | 47.59B | 46.04B | 43.28B | 30.37B | 30.61B | 29.39B | 28.58B | 27.18B | 26.27B | 26.57B | 25.51B | 29.52B | 30.48B | 31.61B | 37.41B | 33.38B | 37.67B | 43.25B | 46.44B | 47.71B | 43.68B | 35.56B | 32.82B | 29.95B | 27.12B | 24.57B | 22.3B | 18.71B | 16.16B |
| Total Assets | 76.13B | 75.35B | 73.05B | 70.76B | 67.64B | 75.1B | 65.93B | 52.12B | 47.6B | 44.28B | 38.66B | 35.76B | 33.1B | 35.75B | 36.51B | 37.35B | 38.72B | 34.74B | 38.88B | 44.41B | 47.4B | 48.62B | 44.4B | 36.43B | 33.66B | 30.74B | 28.06B | 25.46B | 23.16B | 19.3B | 16.76B |
| Asset Growth % | 15.65% | 3.15% | 3.23% | 4.61% | -9.93% | 13.91% | 26.5% | 9.48% | 7.51% | 14.53% | 8.11% | 8.05% | -7.42% | -2.08% | -2.25% | -3.55% | 11.48% | -10.66% | -12.45% | -6.31% | -2.51% | 9.51% | 21.87% | 8.24% | 9.48% | 9.58% | 10.2% | 9.93% | 20% | 15.13% | 6.94% |
| Return on Assets (ROA) | 1.19% | 1.12% | 0.85% | 0.78% | 1.54% | 1.33% | 0.86% | 1.35% | 1.35% | 0.26% | 0.58% | 2.6% | -0.91% | 1.66% | 0.66% | 0.4% | 0.37% | -1.56% | -2.99% | -0.14% | 0.74% | 1.16% | 1.21% | 1.34% | 1.09% | 1.04% | 1.03% | 1.06% | 1.09% | 1.16% | 1.14% |
| Accounts Payable | 455.19M | 741.15M | 647.08M | 148.47M | 125.2M | 138.82M | 828.62M | 113.8M | 111.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 1.26B | 1.59B | 1.31B | 1.24B | 1.58B | 1.34B | 1.58B | 1.58B | 1.67B | 2.02B | 2.06B | 2.43B | 3B | 3.65B | 4.43B | 4.29B | 6.95B | 5.29B | 6.94B | 11.56B | 18.53B | 21.3B | 19.88B | 14.89B | 12.96B | 11.59B | 10.79B | 9.15B | 7.3B | 5.54B | 4.42B |
| Net Debt | -3.78B | -3.44B | -5.49B | -6.18B | -4.51B | -16.62B | -10.55B | -2.07B | -2.89B | -3.63B | -1.17B | -21.57M | 952.34M | 2.54B | 3.15B | 2.71B | 5.7B | 4.06B | 5.88B | 10.62B | 17.57B | 20.38B | 19.17B | 14.2B | 12.3B | 10.98B | 10.05B | 8.44B | 6.59B | 5.07B | 3.91B |
| Long-Term Debt | 734.98M | 759.58M | 896.29M | 986.95M | 886.71M | 988.56M | 1.22B | 1.1B | 1.24B | 1.52B | 1.57B | 1.66B | 1.71B | 1.58B | 1.78B | 1.86B | 4.17B | 2.65B | 3.39B | 4.62B | 8.74B | 9.89B | 10.31B | 7.12B | 4.57B | 4.01B | 1.45B | 2.13B | 1.58B | 1.53B | 1.14B |
| Short-Term Debt | 392.8M | 697.74M | 288.94M | 102.34M | 527.88M | 179.41M | 178.49M | 296.04M | 415.83M | 487.13M | 480.63M | 763.35M | 1.29B | 2.06B | 2.65B | 2.44B | 2.78B | 2.64B | 3.56B | 6.94B | 9.8B | 11.4B | 9.58B | 7.78B | 8.39B | 7.58B | 9.33B | 7.03B | 5.72B | 4.01B | 3.28B |
| Other Liabilities | 209.61M | 207.49M | 205.63M | 220.03M | 238.63M | 298.26M | 354.57M | 341.33M | 375.25M | 1.7B | 911.95M | 1.02B | 1.02B | 766.79M | 966.25M | 1.19B | 1.31B | 983.87M | 1.12B | 934.37M | 811.42M | 1.24B | 821.49M | 689.73M | 677.61M | 512.69M | 472.33M | 448.7M | 453.7M | 358.4M | 317.1M |
| Total Current Liabilities | 68.74B | 68B | 66.15B | 64.21B | 62.22B | 67.63B | 58.11B | 44.44B | 40.51B | 35.94B | 30.98B | 27.97B | 26.1B | 28.77B | 29.65B | 30.38B | 29.54B | 28.57B | 31.11B | 35.27B | 34.23B | 34.04B | 30.17B | 25.87B | 26B | 23.95B | 24.14B | 21.2B | 19.39B | 15.76B | 14.04B |
| Total Non-Current Liabilities | 1.08B | 1.1B | 1.23B | 1.36B | 1.29B | 1.46B | 1.75B | 1.63B | 1.63B | 3.23B | 2.49B | 2.68B | 2.73B | 2.35B | 2.74B | 3.05B | 5.48B | 3.63B | 4.51B | 5.56B | 9.55B | 11.13B | 11.13B | 7.81B | 5.25B | 4.52B | 1.92B | 2.58B | 2.04B | 1.89B | 1.46B |
| Total Liabilities | 69.82B | 69.1B | 67.43B | 65.61B | 63.54B | 69.13B | 59.9B | 46.1B | 42.17B | 39.17B | 33.46B | 30.66B | 28.83B | 31.12B | 32.4B | 33.43B | 35.01B | 32.2B | 35.61B | 40.83B | 43.78B | 45.17B | 41.3B | 33.68B | 31.25B | 28.47B | 26.06B | 23.78B | 21.42B | 17.65B | 15.5B |
| Total Equity | 6.31B | 6.25B | 5.61B | 5.15B | 4.09B | 5.97B | 6.03B | 6.02B | 5.44B | 5.1B | 5.2B | 5.11B | 4.27B | 4.63B | 4.11B | 3.92B | 3.8B | 2.54B | 3.27B | 3.58B | 3.62B | 3.45B | 3.1B | 2.75B | 2.41B | 2.27B | 1.99B | 1.68B | 1.74B | 1.65B | 1.26B |
| Equity Growth % | 36.58% | 11.33% | 9.06% | 25.74% | -31.43% | -0.98% | 0.2% | 10.7% | 6.49% | -1.81% | 1.81% | 19.64% | -7.76% | 12.56% | 4.88% | 3.11% | 49.7% | -22.32% | -8.75% | -1.06% | 4.96% | 11.1% | 12.71% | 14.2% | 6.08% | 14% | 18.47% | -3.06% | 5.06% | 30.94% | 10.58% |
| Equity / Assets (Capital Ratio) | 8.29% | 8.29% | 7.68% | 7.27% | 6.05% | 7.95% | 9.14% | 11.55% | 11.42% | 11.53% | 13.44% | 14.28% | 12.89% | 12.94% | 11.26% | 10.49% | 9.81% | 7.31% | 8.41% | 8.07% | 7.64% | 7.09% | 6.99% | 7.56% | 7.17% | 7.4% | 7.11% | 6.61% | 7.5% | 8.57% | 7.53% |
| Return on Equity (ROE) | 14.64% | 14.05% | 11.42% | 11.72% | 21.92% | 15.58% | 8.41% | 11.72% | 11.73% | 2.09% | 4.21% | 19.11% | -7.05% | 13.72% | 6.11% | 3.92% | 4.33% | -19.77% | -36.32% | -1.79% | 10.12% | 16.5% | 16.72% | 18.23% | 15.02% | 14.27% | 15.01% | 15.06% | 13.71% | 14.38% | 15.41% |
| Book Value per Share | 97.24 | 92.42 | 78.37 | 71.69 | 54.38 | 73.32 | 70.12 | 62.03 | 53.65 | 50.02 | 50.28 | 49.51 | 41.49 | 44.89 | 40.04 | 38.31 | 42.94 | 62.19 | 116.28 | 128.16 | 129.84 | 128.51 | 116.26 | 103.67 | 90.43 | 83.10 | 73.38 | 60.10 | 61.88 | 59.15 | 45.67 |
| Tangible BV per Share | 82.01 | 76.53 | 65.55 | 58.71 | 41.51 | 62.79 | 60.68 | 53.26 | 45.08 | 41.87 | 41.87 | 40.82 | 35.15 | 36.60 | 31.69 | 29.87 | 33.07 | 46.31 | 92.84 | 103.11 | 105.89 | 104.14 | 100.86 | 97.04 | 83.51 | 76.30 | 65.92 | 53.82 | 56.31 | 54.90 | 42.22 |
| Common Stock | 1.05M | 1.05M | 1.05M | 1.05M | 1.05M | 1.05M | 1.04M | 1.04M | 1.04M | 1.04M | 1.04M | 1.04M | 1.04M | 1.03M | 1.03M | 1.03M | 10.23M | 6.39M | 1.77B | 1.76B | 1.75B | 1.74B | 1.68B | 837.57M | 834.8M | 832.5M | 830.36M | 827.7M | 825.7M | 0 | 0 |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 4.65B | 4.57B | 4.45B | 4.37B | 4.3B | 4.26B | 4.23B | 4.2B | 4.17B | 4.15B | 4.12B | 4.09B | 2.8B | 621.88M | 568.18M | 526.86M | 452.4M | 278.84M | 314.64M | 278.37M | 268.54M | 260.98M | 243.9M | 216.8M | 0 | 0 |
| Retained Earnings | 5.4B | 5.21B | 4.57B | 4.19B | 3.83B | 2.97B | 2.26B | 2.15B | 1.65B | 1.19B | 1.22B | 1.09B | 253.72M | 594.43M | 11.83M | -212.73M | -347.33M | -292.75M | -374.49M | 1.32B | 1.59B | 1.46B | 1.13B | 1.6B | 1.3B | 1.06B | 865.08M | 694.3M | 530.5M | 395.3M | 267.7M |
| Accumulated OCI | 3.76B | 3.74B | 3.25B | 2.95B | 2.27B | -325.07M | 189.99M | -169.94M | -427.97M | -350.65M | -320.29M | -256.89M | -229.87M | -188.75M | -102.87M | -42.55M | -5.96M | -29.21M | -28.83M | -46.81M | -233.73M | -176M | 35.45M | 19.01M | 202.49M | 80.19M | 3.44M | -140.7M | 75.7M | 33.3M | 1.7M |
| Treasury Stock | -2.88B | -2.72B | -2.23B | -2.02B | -2.03B | -1.35B | -1.02B | -459.81M | -205.51M | -90.14M | -8.29M | -6.1M | -4.12M | -881K | -444K | -1.06M | -574K | -15K | -207.51M | -207.74M | -206.99M | -207.08M | -206.44M | -205.53M | -205.21M | -66.14M | -66.21M | -64.1M | -39.6M | 0 | 0 |
| Preferred Stock | 22.14M | 22.14M | 22.14M | 22.14M | 22.14M | 22.14M | 22.14M | 50.16M | 50.16M | 50.16M | 50.16M | 50.16M | 50.16M | 50.16M | 50.16M | 50.16M | 50.16M | 50.16M | 1.48B | 186.88M | 186.88M | 186.88M | 186.88M | 186.88M | 0 | 100M | 100M | 100M | 100M | 250M | 100M |
Puerto Rico economic concentration
As reported in recent financial statements, Popular, Inc. has grown its total assets to $76.1 billion in 2026Q1, a trend primarily fueled by a significant expansion in the investment securities portfolio, which reached $67.7 billion, rather than traditional loan book growth.
The shift toward a larger securities portfolio suggests a strategic pivot to manage liquidity while awaiting more favorable credit demand conditions. Investors should monitor whether this asset mix shift reflects a cautious stance on credit risk or a temporary parking of excess liquidity.
Based on the provided balance sheet data, the equity-to-assets ratio has remained steady at 0.08 through 2026Q1, indicating that the bank is maintaining a consistent capital cushion despite ongoing aggressive capital return programs.
This stability in the capital ratio appears to validate management's disciplined approach to balancing regulatory requirements with shareholder distributions. The ability to maintain this ratio while absorbing asset growth suggests that internal capital generation remains sufficient to support the current business model.
According to quarterly filings, the bank maintains a substantial liquidity position with $5.0 billion in cash and cash equivalents, complemented by a massive $67.7 billion investment securities portfolio as of 2026Q1.
The high concentration of investment securities relative to total assets implies a high degree of liquidity, though it also exposes the bank to potential interest rate volatility. This liquidity profile appears designed to provide a buffer against the inherent volatility of the Puerto Rican market.
As indicated by the balance sheet, the investment securities portfolio has ballooned to $67.7 billion, representing nearly 89% of total assets, which warrants further investigation into the duration and interest rate sensitivity of these holdings.
While this portfolio provides liquidity, the sheer scale of the securities book relative to the total balance sheet suggests that the bank's earnings are highly sensitive to market yield fluctuations. This concentration may indicate a structural mismatch that could pressure net interest margins if interest rates remain volatile.
Quick answers to the most common questions about buying BPOP stock.
As of 2025, Popular, Inc. (BPOP) had total assets of $75.35B including $25.71B in current assets.
Popular, Inc. (BPOP) carries total debt of $1.59B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Popular, Inc. (BPOP) has total shareholders' equity (book value) of $6.25B ($92.42 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Popular, Inc. (BPOP) reported a current ratio of 0.38x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.