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Mar 31, 2025
Popular Q1 2025 Earnings Report
Popular reported solid results in Q1 2025 with stable net income and strong deposit and loan growth.
Key Takeaways
Popular, Inc. posted net income of $177.5 million for Q1 2025, supported by higher net interest income and improved credit quality. The bank showed resilience with increased deposits and continued investments in transformation efforts.
Net income remained steady at $177.5 million, showing resilience despite economic volatility.
Net interest income rose to $605.6 million, driven by higher yields and improved deposit mix.
Deposit balances increased by $934.9 million, with strong growth in Puerto Rico.
Credit quality improved with declines in non-performing loans and charge-offs.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Popular anticipates macroeconomic volatility but remains confident in its capital strength and diversified business model.
Positive Outlook
- Strong capital and liquidity levels.
- Continued investments in technology and personnel.
- Robust deposit growth in Puerto Rico.
- Improved credit metrics and charge-off performance.
- Ongoing strategic transformation initiatives.
Challenges Ahead
- Increased operating expenses due to incentive and tech investments.
- Volatile macroeconomic conditions.
- Softer non-interest income compared to previous quarter.
- Potential impact of rising credit reserves due to uncertainty.
- CEO transition may introduce short-term operational adjustments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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