Earnings ·
Popular, Inc. reported second quarter 2026 net income of $278 million, up 32% year-over-year
BPOPMPopular, Inc.
Popular, Inc. reported second quarter 2026 net income of $278 million, up 32% year-over-year. The company announced a 20% increase in its quarterly common stock dividend from $0.75 to $0.90 per share, effective in the fourth quarter of 2026, subject to board approval. Additionally, the corporation authorized a new $1.0 billion common stock repurchase program. CEO Javier D. Ferrer announced his retirement effective August 31, 2026, with CFO Jorge J. García to succeed him as President and CEO on September 1, 2026. Total assets reached $78.97 billion, and net interest margin remained stable at 3.66%. Popular, Inc. is a financial services company providing banking and investment services in Puerto Rico and the United States.