Popular, Inc. reported third-quarter net income of $266.3 million, down from Q2 but above the year-earlier result; Banco Popular de Puerto Rico is its principal subsidiary.
For the quarter ended Sept. 30, 2026, net income was below the $278.2 million recorded in Q2 but above $211.3 million in the same quarter of 2025. Diluted GAAP earnings per share were $4.21, compared with $4.35 in Q2 and $3.14 a year earlier.
Popular’s year-over-year comparisons showed increases in net interest income, to $698.9 million from $646.5 million, and noninterest income, to $175.7 million from $171.2 million. Credit-loss provisions fell to $58.6 million from $75.1 million; operating expenses rose to $505.6 million from $495.3 million.
During the quarter, the company repurchased $179 million in common shares and approved a quarterly dividend of $0.90 per share, a 20% increase.
President and Chief Executive Officer Jorge J. García said, “Business activity in Puerto Rico remains healthy, supported by a strong labor market.” He said Popular was monitoring potential economic effects from prolonged inflation and higher fuel and energy costs.
