Overview

* Popular Q3 net income rises slightly to $211.3 mln from $210.4 mln in Q2

* EPS for Q3 increases to $3.15 from $3.09 in Q2

* Company repurchased 1 mln shares for $119.4 mln, increased dividend to $0.75 per share

Outlook

* Company expects effective tax rate for Q4 2025 to be 14%-16%

* Popular anticipates full-year 2025 effective tax rate of 16%-18%

Result Drivers

* NET INTEREST INCOME - Driven by asset repricing and increased deposits, despite higher interest expenses

* LOAN GROWTH - Strong growth in commercial and mortgage loan portfolios contributed to higher interest income

* CREDIT QUALITY IMPACT - Two large commercial loans became non-performing, increasing NPLs and net charge-offs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $3.14

Q3 Net $211.31

Income mln

Q3 Net $646.50

Interest mln

Income

Q3 $75.12

Credit mln

Loss

Provisio

n

Q3 $495.28

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Popular Inc ( BPOP ) is $144.00, about 18.3% above its October 21 closing price of $117.63

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)