Puerto Rico's largest bank, Popular Inc, posted a 32% rise in second-quarter net income, driven by strong net interest income. The board authorized a new US$1 billion stock repurchase plan and announced that CEO Javier D. Ferrer will retire, with CFO Jorge J. García set to take over in September.
Popular Inc posted net income of $278M (+32% YoY) and authorized $1.0B share buyback. CFO García's promotion to CEO signals continuity in capital strategy; 3.66% NIM combined with fortress 16.08% CET1 ratio supports aggressive 20% dividend hike and 14-17% ROTCE target—a bet on sustained rate stability.
Puerto Rico · Companies
Key Facts
—Net Income US$278 million, up 32% from US$210 million in Q2 2025
—Earnings Per Share Diluted EPS of US$4.35, compared to US$3.09 a year earlier
—Share Buyback New authorization of up to US$1.0 billion after exhausting a prior US$500 million plan
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