Popular (BPOP) Financials

$114.95 +1.32 (+1.16%)

Closing price 04:00 PM Eastern

Extended Trading

$115.56 +0.61 (+0.53%)

As of 05:17 PM Eastern

Annual Income Statements for Popular

This table shows Popular's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	892	213	104	614	667	505	933	1,101	540	613
Consolidated Net Income / (Loss)	895	217	108	618	671	507	935	1,103	541	614
Net Income / (Loss) Continuing Operations	894	216	108	618	671	507	935	1,103	541	614
Total Pre-Tax Income	399	294	339	738	818	619	1,244	1,235	676	797
Total Revenue	1,929	1,720	1,921	2,387	2,462	2,369	2,600	3,064	2,782	2,941
Net Interest Income / (Expense)	1,409	1,422	1,502	1,735	1,892	1,857	1,958	2,167	2,132	2,282
Total Interest Income	1,603	1,635	1,726	2,022	2,261	2,092	2,123	2,466	3,245	3,673
Loans and Leases Interest Income	1,459	1,460	1,479	1,646	1,803	1,742	1,748	1,876	2,332	2,626
Investment Securities Interest Income	126	158	196	265	368	329	354	472	547	695
Deposits and Money Market Investments Interest Income	7.24	16	51	111	90	20	21	118	367	352
Total Interest Expense	194	213	224	287	369	235	165	299	1,114	1,391
Deposits Interest Expense	108	128	142	204	305	176	112	253	1,050	1,336
Short-Term Borrowings Interest Expense	7.51	7.81	5.72	7.21	6.10	2.46	0.32	5.74	7.33	4.68
Long-Term Debt Interest Expense	79	77	76	75	58	57	53	40	56	50
Total Non-Interest Income	520	298	419	652	570	512	642	897	651	659
Service Charges on Deposit Accounts	-	-	-	-	0.00	-	0.00	0.00	0.00	0.00
Other Service Charges	455	296	64	111	89	87	114	371	100	98
Net Realized & Unrealized Capital Gains on Investments	1.58	-199	-19	92	3.48	8.55	-0.31	-8.12	4.75	0.30
Other Non-Interest Income	63	200	374	449	478	417	528	535	546	561
Provision for Credit Losses	241	170	325	228	166	293	-193	83	209	257
Total Non-Interest Expense	1,288	1,256	1,257	1,422	1,477	1,458	1,549	1,746	1,898	1,888
Salaries and Employee Benefits	478	477	477	563	591	564	632	720	778	820
Net Occupancy & Equipment Expense	147	148	154	160	181	416	413	434	439	474
Marketing Expense	52	53	58	66	75	58	73	89	95	102
Property & Liability Insurance Claims	28	25	26	28	18	24	26	27	106	55
Other Operating Expenses	555	537	532	583	603	390	397	465	454	434
Amortization Expense	11	12	9.38	9.33	9.37	6.40	9.13	3.28	3.18	2.94
Impairment Charge	0.00	3.80	-	-	-	0.00	0.00	9.00	23	0.00
Restructuring Charge	18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Special Charges	-	0.00	0.00	13	0.00	0.00	0.00	0.00	0.00	0.00
Nonoperating Income / (Expense), net	0.00	0.00	-	-	-	-	0.00	0.00	0.00	0.00
Income Tax Expense	-495	79	231	120	147	112	309	132	134	182
Basic Earnings per Share	$8.66	$2.06	$1.02	$6.07	$6.89	$5.88	$11.49	$14.65	$7.53	$8.56
Weighted Average Basic Shares Outstanding	103.67M	103.28M	101.97M	100.07M	88.58M	84.26M	79.92M	71.87M	72.25M	69.61M
Diluted Earnings per Share	$8.65	$2.06	$1.02	$6.06	$6.88	$5.87	$11.46	$14.63	$7.52	$8.56
Weighted Average Diluted Shares Outstanding	103.67M	103.28M	101.97M	100.07M	88.58M	84.26M	79.92M	71.87M	72.25M	69.61M
Weighted Average Basic & Diluted Shares Outstanding	103.67M	103.28M	101.97M	100.07M	88.58M	84.26M	79.92M	71.87M	72.25M	69.61M
Cash Dividends to Common per Share	$0.30	$0.60	$1.00	$1.00	$1.20	$1.60	$1.75	$2.20	$2.27	$2.56

This table shows Popular's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	422	257	159	151	136	94	103	177	155	177
Consolidated Net Income / (Loss)	422	257	159	151	137	95	103	178	155	178
Net Income / (Loss) Continuing Operations	422	257	159	151	137	95	103	178	155	178
Total Pre-Tax Income	490	207	205	195	182	93	159	218	198	222
Total Revenue	1,006	718	694	692	694	703	715	735	737	755
Net Interest Income / (Expense)	580	560	532	532	534	534	551	568	572	591
Total Interest Income	651	713	739	794	845	867	894	922	937	920
Loans and Leases Interest Income	481	522	541	570	597	623	639	649	665	674
Investment Securities Interest Income	133	140	132	123	149	143	167	185	177	167
Deposits and Money Market Investments Interest Income	37	51	66	101	99	101	89	88	96	79
Total Interest Expense	72	154	207	262	311	333	343	354	365	329
Deposits Interest Expense	61	139	193	243	294	319	329	340	351	316
Short-Term Borrowings Interest Expense	0.92	4.49	2.89	1.62	1.48	1.34	1.19	1.13	1.43	0.93
Long-Term Debt Interest Expense	9.80	9.80	11	17	15	13	13	13	13	12
Total Non-Interest Income	426	158	162	160	160	169	164	166	164	165
Other Service Charges	291	28	28	25	25	23	27	25	23	23
Net Realized & Unrealized Capital Gains on Investments	-1.72	0.48	1.48	1.42	-1.14	3.00	1.46	0.60	0.27	-2.03
Other Non-Interest Income	138	130	133	134	136	143	136	140	141	144
Provision for Credit Losses	40	50	48	37	45	79	73	47	71	66
Total Non-Interest Expense	476	462	441	460	466	531	483	470	467	468
Salaries and Employee Benefits	194	190	199	191	193	195	215	197	202	206
Net Occupancy & Equipment Expense	104	116	103	109	110	117	117	117	126	114
Marketing Expense	24	28	19	25	23	28	21	25	26	30
Property & Liability Insurance Claims	6.61	6.34	8.87	6.80	8.93	81	24	11	10	9.73
Other Operating Expenses	137	120	110	127	107	109	105	118	103	108
Amortization Expense	0.80	0.79	0.80	0.80	0.80	0.80	0.80	0.73	0.70	0.71
Income Tax Expense	68	-50	46	44	46	-1.48	56	40	42	44
Basic Earnings per Share	$5.71	$3.48	$2.22	$2.10	$1.90	$1.31	$1.43	$2.47	$2.16	$2.50
Weighted Average Basic Shares Outstanding	72.69M	71.87M	71.97M	72.13M	72.15M	72.25M	72.27M	72.34M	71.31M	69.61M
Diluted Earnings per Share	$5.70	$3.47	$2.22	$2.10	$1.90	$1.30	$1.43	$2.46	$2.16	$2.51
Weighted Average Diluted Shares Outstanding	72.69M	71.87M	71.97M	72.13M	72.15M	72.25M	72.27M	72.34M	71.31M	69.61M
Weighted Average Basic & Diluted Shares Outstanding	72.69M	71.87M	71.97M	72.13M	72.15M	72.25M	72.27M	72.34M	71.31M	69.61M

This table details how cash moves in and out of Popular's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-17	-4.69	38	-9.38	-8.93	103	-63	52	-49	1.83
Net Cash From Operating Activities	670	597	636	848	705	679	1,005	1,015	687	675
Net Cash From Continuing Operating Activities	670	597	636	848	705	679	1,005	1,025	687	675
Net Income / (Loss) Continuing Operations	895	217	108	618	671	507	935	1,103	541	614
Consolidated Net Income / (Loss)	895	217	108	618	671	507	935	1,103	541	614
Provision For Loan Losses	241	170	325	228	166	293	-193	83	209	257
Depreciation Expense	47	47	48	53	58	58	55	55	59	57
Amortization Expense	-62	-29	-13	-78	-149	-57	-13	32	-42	-249
Non-Cash Adjustments to Reconcile Net Income	-1,572	-433	-211	-516	-340	-588	-565	-598	-109	-19
Changes in Operating Assets and Liabilities, net	1,120	625	379	542	299	466	786	349	29	15
Net Cash From Investing Activities	238	-3,455	-5,352	-4,391	-4,170	-13,068	-10,519	5,350	-2,613	-1,632
Net Cash From Continuing Investing Activities	-1,147	-3,140	-5,352	-4,391	-4,170	-13,068	-10,519	5,382	-2,613	-1,637
Purchase of Property, Leasehold Improvements and Equipment	-63	-100	-63	-81	-76	-60	-73	-104	-208	-213
Acquisitions	-	0.00	0.00	-1,843	0.00	0.00	-156	-	0.00	0.00
Purchase of Investment Securities	-2,488	-4,404	-7,470	-9,581	-18,474	-30,583	-20,934	-24,916	-18,890	-34,416
Sale and/or Maturity of Investments	921	1,463	2,189	7,146	15,021	18,451	10,175	32,597	18,961	34,629
Other Investing Activities, net	-248	-99	-7.68	-32	-641	-876	469	-2,195	-2,476	-1,637
Net Cash From Financing Activities	-926	2,853	4,754	3,534	3,456	12,492	9,451	-6,323	1,878	960
Net Cash From Continuing Financing Activities	-926	2,853	4,754	3,534	3,456	12,492	9,451	-6,323	1,878	960
Net Change in Deposits	207	3,286	4,954	4,260	4,044	13,102	10,139	-5,770	2,365	1,261
Issuance of Debt	129	165	150	378	75	262	75	0.00	77	225
Issuance of Common Equity	6.23	7.44	7.02	7.27	8.72	9.09	4.67	5.84	6.31	6.86
Repayment of Debt	-738	-255	-96	-768	-212	-143	-241	184	-349	-96
Repurchase of Preferred Equity	-	-	-	0.00	0.00	-28	0.00	0.00	0.00	0.00
Repurchase of Common Equity	-1.02	-0.56	-76	-125	-251	-500	-351	-632	-0.46	-214
Payment of Dividends	-19	-66	-96	-105	-116	-134	-141	-162	-160	-180
Other Financing Activities, Net	-510	-284	-90	-112	-94	-76	-35	51	-61	-43

This table details how cash moves in and out of Popular's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	1,489	-1,538	-6.97	14	59	-114	-99	39	68	-6.26
Net Cash From Operating Activities	322	201	153	198	122	214	162	80	233	199
Net Cash From Continuing Operating Activities	322	211	153	198	122	214	162	80	233	199
Net Income / (Loss) Continuing Operations	422	257	159	151	137	95	103	178	155	178
Consolidated Net Income / (Loss)	422	257	159	151	137	95	103	178	155	178
Provision For Loan Losses	40	50	48	37	45	79	73	47	71	66
Depreciation Expense	14	14	14	14	15	15	15	16	15	10
Amortization Expense	0.32	-9.23	-1.48	4.64	-23	-22	-51	-76	-68	-55
Non-Cash Adjustments to Reconcile Net Income	-281	-102	-32	-11	-14	-52	-1.79	9.99	-18	-10
Changes in Operating Assets and Liabilities, net	127	1.94	-34	2.26	-39	99	23	-94	76	11
Net Cash From Investing Activities	1,607	1,785	173	-3,215	975	-547	-357	-1,730	1,878	-1,423
Net Cash From Continuing Investing Activities	1,607	1,816	173	-3,215	975	-547	-357	-1,730	1,878	-1,427
Purchase of Property, Leasehold Improvements and Equipment	-28	-36	-36	-49	-48	-74	-54	-42	-58	-60
Purchase of Investment Securities	-4,224	-17,841	-4,601	-5,980	-3,445	-4,864	-7,233	-10,237	-7,044	-9,901
Sale and/or Maturity of Investments	6,729	20,125	4,966	3,435	5,301	5,258	6,927	8,838	9,526	9,337
Other Investing Activities, net	-870	-433	-156	-621	-833	-866	2.35	-290	-546	-803
Net Cash From Financing Activities	-440	-3,534	-333	3,030	-1,038	219	97	1,689	-2,043	1,217
Net Cash From Continuing Financing Activities	-440	-3,534	-333	3,030	-1,038	219	97	1,689	-2,043	1,217
Net Change in Deposits	-509	-3,593	-294	3,048	-668	279	190	1,722	-1,865	1,214
Issuance of Debt	250	-175	29	43	-0.22	4.29	0.00	-	-	225
Issuance of Common Equity	1.55	1.55	1.57	1.55	1.60	1.60	1.80	1.77	1.70	1.59
Repayment of Debt	-0.77	287	-1.80	-22	-301	-24	-22	-26	-25	-24
Repurchase of Common Equity	-231	-0.14	-0.28	-0.08	-0.05	-0.05	-0.31	-0.14	-59	-154
Payment of Dividends	-42	-40	-40	-40	-40	-40	-45	-45	-45	-45
Other Financing Activities, Net	91	-14	-28	-1.48	-30	-1.70	-29	37	-50	-0.64

This table presents Popular's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	35,762	38,662	44,277	47,605	52,115	65,926	75,098	67,638	70,758	73,045
Cash and Due from Banks	364	362	403	394	388	491	428	470	420	420
Federal Funds Sold	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Bearing Deposits at Other Banks	2,084	2,867	5,255	4,171	3,262	11,641	17,537	5,615	6,999	6,381
Trading Account Securities	6,641	8,648	10,615	13,647	18,006	21,964	25,247	26,559	25,153	26,250
Loans and Leases, Net of Allowance	22,346	22,774	24,293	26,508	27,407	28,479	29,232	31,351	35,059	37,102
Loans and Leases	22,346	22,774	24,293	26,508	27,407	29,385	29,241	32,078	35,065	37,108
Allowance for Loan and Lease Losses	-	-	-	-	0.00	907	8.10	727	5.78	5.32
Premises and Equipment, Net	503	544	547	570	557	510	494	499	565	602
Goodwill	626	627	627	671	671	671	720	827	804	803
Intangible Assets	58	45	36	27	29	22	16	13	9.76	6.83
Other Assets	3,031	2,550	2,418	2,050	2,151	2,148	1,953	2,305	2,477	2,227
Total Liabilities & Shareholders' Equity	35,762	38,662	44,277	47,605	52,115	65,926	75,098	67,638	70,758	73,045
Total Liabilities	30,656	33,464	39,173	42,170	46,099	59,897	69,129	63,544	65,611	67,432
Non-Interest Bearing Deposits	6,402	6,980	8,491	9,149	9,160	13,129	15,684	15,961	15,420	15,140
Interest Bearing Deposits	20,808	23,516	26,963	30,561	34,598	43,738	51,321	45,267	48,199	49,745
Short-Term Debt	1.20	481	487	282	193	121	167	514	91	280
Long-Term Debt	1,663	1,575	1,536	1,256	1,102	1,225	989	887	987	896
Other Long-Term Liabilities	1,021	912	1,696	922	1,045	1,685	968	917	915	1,372
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,105	5,198	5,104	5,435	6,017	6,029	5,969	4,093	5,147	5,613
Total Preferred & Common Equity	5,105	5,198	5,104	5,435	6,017	6,029	5,969	4,093	5,147	5,613
Preferred Stock	50	50	50	50	50	22	22	22	22	22
Total Common Equity	5,055	5,148	5,054	5,385	5,967	6,007	5,947	4,071	5,125	5,591
Common Stock	4,230	4,256	4,300	4,367	4,448	4,573	4,651	4,792	4,844	4,910
Retained Earnings	1,088	1,220	1,195	1,652	2,148	2,261	2,974	3,834	4,195	4,571
Treasury Stock	-6.10	-8.29	-90	-206	-460	-1,017	-1,353	-2,030	-2,019	-2,229
Accumulated Other Comprehensive Income / (Loss)	-257	-320	-351	-428	-170	190	-325	-2,525	-1,896	-1,661

This table presents Popular's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	70,730	67,676	70,838	69,737	70,937	72,845	71,323
Cash and Due from Banks	2,017	462	477	535	320	360	428
Federal Funds Sold	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Bearing Deposits at Other Banks	3,975	6,098	8,593	6,389	5,929	6,851	6,531
Trading Account Securities	30,442	34,526	25,930	25,659	26,329	26,751	25,286
Loans and Leases, Net of Allowance	31,516	31,642	32,325	34,023	35,113	35,585	36,190
Loans and Leases	31,523	32,338	33,031	34,029	35,119	35,592	36,195
Allowance for Loan and Lease Losses	7.21	696	706	6.06	5.73	6.25	5.43
Premises and Equipment, Net	493	508	524	534	589	599	624
Goodwill	827	827	827	804	804	804	804
Intangible Assets	14	12	11	11	8.97	8.24	7.53
Other Assets	2,055	8,261	2,151	2,409	2,583	2,616	2,197
Total Liabilities & Shareholders' Equity	70,730	67,676	70,838	69,737	70,937	72,845	71,323
Total Liabilities	67,055	63,205	66,273	65,279	65,760	67,472	65,533
Non-Interest Bearing Deposits	17,605	15,941	15,317	15,201	15,492	15,470	15,276
Interest Bearing Deposits	47,214	45,013	48,688	48,136	48,317	50,061	48,392
Short-Term Debt	412	123	123	93	66	106	55
Long-Term Debt	889	1,279	1,304	1,005	966	942	918
Other Long-Term Liabilities	935	849	841	844	918	894	890
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,675	4,471	4,565	4,458	5,177	5,373	5,791
Total Preferred & Common Equity	3,675	4,471	4,565	4,458	5,177	5,373	5,791
Preferred Stock	22	22	22	22	22	22	22
Total Common Equity	3,653	4,449	4,543	4,435	5,155	5,351	5,768
Common Stock	4,654	4,794	4,797	4,798	4,849	4,854	4,855
Retained Earnings	3,694	3,982	4,093	4,190	4,253	4,386	4,496
Treasury Stock	-1,971	-2,025	-2,019	-2,019	-2,013	-2,011	-2,069
Accumulated Other Comprehensive Income / (Loss)	-2,724	-2,302	-2,328	-2,534	-1,933	-1,878	-1,513

This table displays calculated financial ratios and metrics derived from Popular's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	44.83%	-10.81%	11.69%	24.27%	3.11%	-3.76%	9.74%	17.88%	-9.21%	5.71%
EBITDA Growth	83.05%	-18.56%	19.63%	90.73%	2.03%	-14.78%	107.41%	2.82%	-47.68%	-12.68%
EBIT Growth	417.88%	-26.20%	15.01%	117.94%	10.92%	-24.41%	101.10%	-0.72%	-45.30%	17.92%
NOPAT Growth	1,065.84%	-75.89%	-50.05%	474.06%	8.57%	-24.51%	84.53%	17.94%	-50.91%	13.46%
Net Income Growth	385.61%	-75.80%	-50.31%	474.06%	8.57%	-24.51%	84.53%	17.94%	-50.91%	13.46%
EPS Growth	380.84%	-76.19%	-50.49%	494.12%	13.53%	-14.68%	95.23%	27.66%	-48.60%	13.83%
Operating Cash Flow Growth	-23.24%	-10.98%	6.69%	33.15%	-16.77%	-3.77%	48.08%	0.93%	-32.32%	-1.73%
Free Cash Flow Firm Growth	-75.85%	-314.43%	186.94%	230.65%	-57.03%	33.52%	167.31%	130.61%	-106.96%	126.45%
Invested Capital Growth	12.81%	7.16%	-1.74%	-2.17%	4.86%	0.86%	-3.40%	-22.89%	13.32%	9.06%
Revenue Q/Q Growth	3.25%	-7.01%	6.55%	6.99%	-0.39%	-0.14%	1.94%	1.73%	-0.54%	1.82%
EBITDA Q/Q Growth	-30.64%	-27.12%	29.76%	11.51%	0.64%	10.77%	6.01%	-6.35%	-15.30%	17.53%
EBIT Q/Q Growth	-30.52%	-30.24%	34.54%	17.61%	-1.01%	6.41%	5.27%	-5.71%	-14.40%	19.25%
NOPAT Q/Q Growth	16.15%	-39.83%	-47.37%	50.92%	9.89%	1.91%	3.29%	4.86%	-23.09%	15.67%
Net Income Q/Q Growth	10.98%	-39.51%	-47.66%	50.92%	9.89%	1.91%	3.29%	4.86%	-23.09%	15.67%
EPS Q/Q Growth	10.90%	-39.77%	-48.48%	51.50%	10.79%	5.01%	5.33%	6.40%	-22.39%	16.46%
Operating Cash Flow Q/Q Growth	40.64%	-13.69%	-20.39%	35.69%	-6.39%	3.14%	13.56%	-9.46%	1.85%	-2.05%
Free Cash Flow Firm Q/Q Growth	85.80%	-359.90%	194.33%	40.07%	-45.81%	-4.81%	21.17%	-17.72%	-252.92%	107.42%
Invested Capital Q/Q Growth	0.65%	3.92%	-4.11%	-4.36%	0.32%	0.76%	-1.68%	10.41%	12.06%	0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	19.90%	18.17%	19.46%	29.87%	29.56%	26.18%	49.47%	43.16%	24.87%	20.54%
EBIT Margin	20.68%	17.11%	17.62%	30.90%	33.24%	26.11%	47.85%	40.30%	24.28%	27.08%
Profit (Net Income) Margin	46.43%	12.60%	5.61%	25.89%	27.26%	21.39%	35.96%	35.98%	19.46%	20.88%
Tax Burden Percent	224.50%	73.62%	31.81%	83.79%	82.01%	81.90%	75.16%	89.28%	80.13%	77.10%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-124.16%	26.77%	68.19%	16.21%	17.99%	18.10%	24.84%	10.72%	19.87%	22.90%
Return on Invested Capital (ROIC)	14.00%	3.07%	1.50%	8.77%	9.40%	6.90%	12.90%	17.48%	9.24%	9.44%
ROIC Less NNEP Spread (ROIC-NNEP)	14.08%	3.14%	1.50%	8.77%	9.40%	6.90%	12.90%	17.48%	9.24%	9.44%
Return on Net Nonoperating Assets (RNNOA)	5.10%	1.13%	0.59%	2.96%	2.32%	1.51%	2.69%	4.44%	2.48%	1.98%
Return on Equity (ROE)	19.11%	4.21%	2.09%	11.73%	11.72%	8.41%	15.58%	21.92%	11.72%	11.42%
Cash Return on Invested Capital (CROIC)	1.96%	-3.83%	3.25%	10.96%	4.65%	6.04%	16.35%	43.33%	-3.25%	0.77%
Operating Return on Assets (OROA)	1.16%	0.79%	0.82%	1.61%	1.64%	1.05%	1.76%	1.73%	0.98%	1.11%
Return on Assets (ROA)	2.60%	0.58%	0.26%	1.35%	1.35%	0.86%	1.33%	1.55%	0.78%	0.85%
Return on Common Equity (ROCE)	18.90%	4.17%	2.07%	11.62%	11.62%	8.36%	15.53%	21.82%	11.66%	11.37%
Return on Equity Simple (ROE_SIMPLE)	17.54%	4.17%	2.11%	11.37%	11.15%	8.40%	15.66%	26.94%	10.52%	10.94%
Net Operating Profit after Tax (NOPAT)	894	216	108	618	671	507	935	1,103	541	614
NOPAT Margin	46.36%	12.53%	5.61%	25.89%	27.26%	21.39%	35.96%	35.98%	19.46%	20.88%
Net Nonoperating Expense Percent (NNEP)	-0.08%	-0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	35.08%	39.44%	35.89%	33.05%	34.39%	43.80%	43.00%	40.54%	47.16%	47.47%
Operating Expenses to Revenue	66.80%	73.00%	65.44%	59.55%	60.02%	61.54%	59.59%	56.99%	68.22%	64.18%
Earnings before Interest and Taxes (EBIT)	399	294	339	738	818	619	1,244	1,235	676	797
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	384	313	374	713	728	620	1,286	1,322	692	604
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.47	0.72	0.60	0.75	0.77	0.72	1.03	1.10	1.13	1.17
Price to Tangible Book Value (P/TBV)	0.54	0.83	0.69	0.87	0.87	0.82	1.18	1.38	1.34	1.37
Price to Revenue (P/Rev)	1.23	2.16	1.58	1.70	1.86	1.83	2.36	1.46	2.07	2.23
Price to Earnings (P/E)	2.65	17.41	29.27	6.60	6.84	8.60	6.58	4.06	10.68	10.68
Dividend Yield	1.32%	2.09%	3.35%	2.47%	2.33%	3.10%	2.28%	3.54%	2.84%	2.72%
Earnings Yield	37.71%	5.74%	3.42%	15.15%	14.61%	11.62%	15.20%	24.64%	9.36%	9.36%
Enterprise Value to Invested Capital (EV/IC)	0.24	0.36	0.00	0.15	0.31	0.00	0.00	0.00	0.00	0.14
Enterprise Value to Revenue (EV/Rev)	0.85	1.50	0.00	0.45	0.92	0.00	0.00	0.00	0.00	0.32
Enterprise Value to EBITDA (EV/EBITDA)	4.25	8.27	0.00	1.51	3.11	0.00	0.00	0.00	0.00	1.56
Enterprise Value to EBIT (EV/EBIT)	4.09	8.78	0.00	1.46	2.76	0.00	0.00	0.00	0.00	1.19
Enterprise Value to NOPAT (EV/NOPAT)	1.82	11.99	0.00	1.74	3.37	0.00	0.00	0.00	0.00	1.54
Enterprise Value to Operating Cash Flow (EV/OCF)	2.43	4.33	0.00	1.27	3.21	0.00	0.00	0.00	0.00	1.40
Enterprise Value to Free Cash Flow (EV/FCFF)	13.01	0.00	0.00	1.40	6.81	0.00	0.00	0.00	0.00	18.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.40	0.40	0.28	0.22	0.22	0.19	0.34	0.21	0.21
Long-Term Debt to Equity	0.33	0.30	0.30	0.23	0.18	0.20	0.17	0.22	0.19	0.16
Financial Leverage	0.36	0.36	0.40	0.34	0.25	0.22	0.21	0.25	0.27	0.21
Leverage Ratio	7.35	7.22	8.05	8.72	8.71	9.80	11.75	14.18	14.98	13.36
Compound Leverage Factor	7.35	7.22	8.05	8.72	8.71	9.80	11.75	14.18	14.98	13.36
Debt to Total Capital	24.58%	28.34%	28.39%	22.05%	17.71%	18.25%	16.21%	25.49%	17.32%	17.32%
Short-Term Debt to Total Capital	0.02%	6.63%	6.83%	4.04%	2.64%	1.64%	2.34%	9.35%	1.47%	4.12%
Long-Term Debt to Total Capital	24.56%	21.71%	21.56%	18.01%	15.07%	16.61%	13.88%	16.14%	15.85%	13.20%
Preferred Equity to Total Capital	0.74%	0.69%	0.70%	0.72%	0.69%	0.30%	0.31%	0.40%	0.36%	0.33%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.68%	70.97%	70.91%	77.23%	81.60%	81.45%	83.48%	74.11%	82.32%	82.35%
Debt to EBITDA	4.33	6.58	5.41	2.16	1.78	2.17	0.90	1.06	1.56	1.95
Net Debt to EBITDA	-2.04	-3.75	-9.72	-4.24	-3.24	-17.39	-13.07	-3.54	-9.16	-9.31
Long-Term Debt to EBITDA	4.33	5.04	4.11	1.76	1.51	1.98	0.77	0.67	1.43	1.48
Debt to NOPAT	1.86	9.54	18.79	2.49	1.93	2.66	1.24	1.27	1.99	1.91
Net Debt to NOPAT	-0.88	-5.44	-33.75	-4.90	-3.51	-21.29	-17.98	-4.25	-11.71	-9.16
Long-Term Debt to NOPAT	1.86	7.31	14.27	2.03	1.64	2.42	1.06	0.80	1.82	1.46
Noncontrolling Interest Sharing Ratio	1.07%	0.97%	0.97%	0.95%	0.88%	0.60%	0.37%	0.44%	0.48%	0.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	125	-269	234	773	332	443	1,185	2,733	-190	50
Operating Cash Flow to CapEx	1,069.55%	594.67%	1,015.17%	1,052.16%	932.22%	1,129.91%	1,381.07%	977.50%	330.03%	316.16%
Free Cash Flow to Firm to Interest Expense	0.65	-1.27	1.04	2.69	0.90	1.89	7.18	9.16	-0.17	0.04
Operating Cash Flow to Interest Expense	3.45	2.81	2.84	2.95	1.91	2.89	6.09	3.40	0.62	0.49
Operating Cash Flow Less CapEx to Interest Expense	3.13	2.34	2.56	2.67	1.71	2.63	5.65	3.05	0.43	0.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	3.87	3.29	3.52	4.27	4.37	4.44	5.18	6.17	5.23	5.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,769	7,253	7,127	6,973	7,312	7,375	7,125	5,494	6,225	6,789
Invested Capital Turnover	0.30	0.25	0.27	0.34	0.34	0.32	0.36	0.49	0.47	0.45
Increase / (Decrease) in Invested Capital	769	484	-126	-155	339	63	-250	-1,631	732	564
Enterprise Value (EV)	1,631	2,584	-541	1,078	2,262	-6,419	-10,646	-192	-552	945
Market Capitalization	2,364	3,707	3,043	4,056	4,567	4,344	6,142	4,469	5,766	6,547
Book Value per Share	$48.80	$49.60	$49.52	$53.66	$61.68	$71.29	$74.47	$56.65	$70.93	$80.32
Tangible Book Value per Share	$42.19	$43.12	$43.02	$46.70	$54.44	$63.06	$65.25	$44.96	$59.66	$68.69
Total Capital	6,769	7,253	7,127	6,973	7,312	7,375	7,125	5,494	6,225	6,789
Total Debt	1,664	2,055	2,023	1,538	1,295	1,346	1,155	1,400	1,078	1,176
Total Long-Term Debt	1,663	1,575	1,536	1,256	1,102	1,225	989	887	987	896
Net Debt	-784	-1,173	-3,634	-3,027	-2,356	-10,786	-16,810	-4,684	-6,341	-5,624
Capital Expenditures (CapEx)	63	100	63	81	76	60	73	104	208	213
Net Nonoperating Expense (NNE)	-1.35	-1.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,664	2,055	2,023	1,538	1,295	1,346	1,155	1,400	1,078	1,176
Total Depreciation and Amortization (D&A)	-15	18	35	-25	-91	1.55	42	88	16	-192
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.66	$2.06	$1.02	$6.07	$6.89	$5.88	$11.49	$14.65	$7.53	$8.56
Adjusted Weighted Average Basic Shares Outstanding	103.67M	103.80M	102.17M	100.07M	88.58M	84.26M	79.92M	71.87M	72.25M	69.61M
Adjusted Diluted Earnings per Share	$8.65	$2.06	$1.02	$6.06	$6.88	$5.87	$11.46	$14.63	$7.52	$8.56
Adjusted Weighted Average Diluted Shares Outstanding	103.67M	103.80M	102.17M	100.07M	88.58M	84.26M	79.92M	71.87M	72.25M	69.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	103.67M	103.80M	102.17M	100.07M	88.58M	84.26M	79.92M	71.87M	72.25M	69.61M
Normalized Net Operating Profit after Tax (NOPAT)	292	218	237	629	671	507	935	1,111	560	614
Normalized NOPAT Margin	15.14%	12.69%	12.33%	26.33%	27.26%	21.39%	35.96%	36.24%	20.12%	20.88%
Pre Tax Income Margin	20.68%	17.11%	17.62%	30.90%	33.24%	26.11%	47.85%	40.30%	24.28%	27.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.06	1.39	1.51	2.57	2.22	2.63	7.54	4.14	0.61	0.57
NOPAT to Interest Expense	4.61	1.01	0.48	2.15	1.82	2.16	5.66	3.69	0.49	0.44
EBIT Less CapEx to Interest Expense	1.73	0.91	1.23	2.29	2.01	2.38	7.10	3.79	0.42	0.42
NOPAT Less CapEx to Interest Expense	4.28	0.54	0.20	1.87	1.61	1.90	5.22	3.35	0.30	0.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.15%	30.43%	89.07%	17.06%	17.26%	26.38%	15.13%	14.65%	29.53%	29.38%
Augmented Payout Ratio	2.26%	30.69%	159.34%	37.32%	54.59%	125.17%	52.63%	71.96%	29.62%	64.21%

This table displays calculated financial ratios and metrics derived from Popular's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	52.75%	7.82%	6.87%	0.13%	-31.06%	-2.10%	3.02%	6.14%	6.20%	7.47%
EBITDA Growth	48.00%	-29.78%	-25.60%	-32.02%	-65.43%	-59.10%	-43.19%	-25.75%	-16.58%	104.21%
EBIT Growth	47.86%	-26.57%	-21.69%	-29.38%	-62.79%	-54.97%	-22.62%	12.12%	8.39%	138.13%
NOPAT Growth	70.24%	24.79%	-24.90%	-28.50%	-67.66%	-63.21%	-35.03%	17.62%	13.70%	87.98%
Net Income Growth	70.24%	24.79%	-24.90%	-28.50%	-67.66%	-63.21%	-35.03%	17.62%	13.70%	87.98%
EPS Growth	84.47%	33.98%	-17.47%	-24.19%	-66.67%	-62.54%	-35.59%	17.14%	13.68%	93.08%
Operating Cash Flow Growth	47.27%	-34.52%	-22.39%	-32.58%	-62.22%	6.19%	5.57%	-59.44%	91.69%	-6.60%
Free Cash Flow Firm Growth	738.30%	313.60%	-98.96%	-128.84%	-116.45%	-133.74%	-1,425.79%	57.55%	-137.89%	39.38%
Invested Capital Growth	-31.33%	-22.89%	2.47%	14.08%	11.65%	13.32%	5.73%	7.14%	21.76%	9.06%
Revenue Q/Q Growth	45.55%	-28.63%	-3.40%	-0.21%	0.21%	1.35%	1.66%	2.81%	0.26%	2.57%
EBITDA Q/Q Growth	60.73%	-58.09%	2.93%	-1.95%	-18.27%	-50.42%	42.97%	28.16%	-8.17%	21.37%
EBIT Q/Q Growth	77.91%	-57.83%	-0.72%	-5.18%	-6.26%	-48.97%	70.60%	37.39%	-9.38%	12.11%
NOPAT Q/Q Growth	99.79%	-39.12%	-38.17%	-4.92%	-9.63%	-30.76%	9.19%	72.14%	-12.64%	14.48%
Net Income Q/Q Growth	99.79%	-39.12%	-38.17%	-4.92%	-9.63%	-30.76%	9.19%	72.14%	-12.64%	14.48%
EPS Q/Q Growth	105.78%	-39.12%	-36.02%	-5.41%	-9.52%	-31.58%	10.00%	72.03%	-12.20%	16.20%
Operating Cash Flow Q/Q Growth	9.50%	-37.55%	-23.91%	29.57%	-38.64%	75.55%	-24.36%	-50.21%	189.95%	-14.47%
Free Cash Flow Firm Q/Q Growth	31.94%	-29.89%	-99.07%	-3,448.23%	24.76%	-43.81%	63.41%	-7.22%	-321.63%	63.36%
Invested Capital Q/Q Growth	-5.27%	10.41%	6.91%	2.02%	-7.29%	12.06%	-0.25%	3.39%	5.36%	0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	50.15%	29.45%	31.38%	30.83%	25.15%	12.30%	17.30%	21.57%	19.76%	23.38%
EBIT Margin	48.74%	28.80%	29.60%	28.12%	26.31%	13.25%	22.23%	29.71%	26.85%	29.35%
Profit (Net Income) Margin	41.98%	35.81%	22.92%	21.84%	19.70%	13.46%	14.45%	24.20%	21.09%	23.54%
Tax Burden Percent	86.14%	124.35%	77.44%	77.65%	74.87%	101.59%	65.02%	81.46%	78.53%	80.19%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	13.86%	-24.35%	22.56%	22.35%	25.13%	-1.59%	34.98%	18.54%	21.47%	19.81%
Return on Invested Capital (ROIC)	20.69%	17.39%	12.28%	12.08%	10.46%	6.39%	6.71%	11.10%	9.89%	10.64%
ROIC Less NNEP Spread (ROIC-NNEP)	20.69%	17.39%	12.28%	12.08%	10.46%	6.39%	6.71%	11.10%	9.89%	10.64%
Return on Net Nonoperating Assets (RNNOA)	5.50%	4.42%	3.31%	3.25%	3.09%	1.71%	1.69%	2.76%	2.00%	2.23%
Return on Equity (ROE)	26.19%	21.81%	15.59%	15.33%	13.55%	8.10%	8.40%	13.86%	11.89%	12.87%
Cash Return on Invested Capital (CROIC)	54.36%	43.33%	15.66%	4.44%	2.36%	-3.25%	2.47%	1.36%	-11.01%	0.77%
Operating Return on Assets (OROA)	2.03%	1.24%	1.34%	1.23%	1.05%	0.53%	0.90%	1.18%	1.10%	1.20%
Return on Assets (ROA)	1.75%	1.54%	1.04%	0.95%	0.78%	0.54%	0.58%	0.96%	0.86%	0.96%
Return on Common Equity (ROCE)	26.07%	21.72%	15.51%	15.26%	13.48%	8.07%	8.36%	13.80%	11.84%	12.81%
Return on Equity Simple (ROE_SIMPLE)	28.62%	0.00%	23.48%	21.68%	15.79%	0.00%	9.38%	9.53%	9.17%	0.00%
Net Operating Profit after Tax (NOPAT)	422	257	159	151	137	95	103	178	155	178
NOPAT Margin	41.98%	35.81%	22.92%	21.84%	19.70%	13.46%	14.45%	24.20%	21.09%	23.54%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	32.07%	46.54%	46.23%	47.05%	47.03%	48.34%	49.46%	46.28%	47.97%	46.27%
Operating Expenses to Revenue	47.32%	64.30%	63.53%	66.50%	67.19%	75.56%	67.61%	63.92%	63.45%	61.90%
Earnings before Interest and Taxes (EBIT)	490	207	205	195	182	93	159	218	198	222
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	505	211	218	213	174	86	124	158	146	177
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.37	1.10	0.90	0.93	1.00	1.13	1.24	1.20	1.24	1.17
Price to Tangible Book Value (P/TBV)	1.78	1.38	1.11	1.14	1.22	1.34	1.47	1.41	1.44	1.37
Price to Revenue (P/Rev)	1.66	1.46	1.29	1.36	1.58	2.07	2.27	2.25	2.48	2.23
Price to Earnings (P/E)	4.77	4.06	3.81	4.28	6.29	10.68	13.15	12.52	13.50	10.68
Dividend Yield	3.05%	3.54%	3.96%	3.75%	3.59%	2.84%	2.66%	2.73%	2.47%	2.72%
Earnings Yield	20.96%	24.64%	26.23%	23.35%	15.91%	9.36%	7.61%	7.99%	7.41%	9.36%
Enterprise Value to Invested Capital (EV/IC)	0.07	0.00	0.00	0.00	0.00	0.00	0.19	0.04	0.18	0.14
Enterprise Value to Revenue (EV/Rev)	0.11	0.00	0.00	0.00	0.00	0.00	0.42	0.09	0.41	0.32
Enterprise Value to EBITDA (EV/EBITDA)	0.24	0.00	0.00	0.00	0.00	0.00	1.96	0.47	2.31	1.56
Enterprise Value to EBIT (EV/EBIT)	0.26	0.00	0.00	0.00	0.00	0.00	1.86	0.39	1.78	1.19
Enterprise Value to NOPAT (EV/NOPAT)	0.32	0.00	0.00	0.00	0.00	0.00	2.41	0.50	2.24	1.54
Enterprise Value to Operating Cash Flow (EV/OCF)	0.30	0.00	0.00	0.00	0.00	0.00	1.69	0.44	1.72	1.40
Enterprise Value to Free Cash Flow (EV/FCFF)	0.10	0.00	0.00	0.00	0.00	0.00	7.85	3.01	0.00	18.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.34	0.31	0.31	0.25	0.21	0.20	0.19	0.17	0.21
Long-Term Debt to Equity	0.24	0.22	0.29	0.29	0.23	0.19	0.19	0.18	0.16	0.16
Financial Leverage	0.27	0.25	0.27	0.27	0.30	0.27	0.25	0.25	0.20	0.21
Leverage Ratio	15.01	14.18	15.01	16.07	17.27	14.98	14.37	14.46	13.76	13.36
Compound Leverage Factor	15.01	14.18	15.01	16.07	17.27	14.98	14.37	14.46	13.76	13.36
Debt to Total Capital	26.15%	25.49%	23.88%	23.82%	19.76%	17.32%	16.63%	16.31%	14.40%	17.32%
Short-Term Debt to Total Capital	8.29%	9.35%	2.10%	2.06%	1.68%	1.47%	1.06%	1.65%	0.82%	4.12%
Long-Term Debt to Total Capital	17.86%	16.14%	21.78%	21.76%	18.08%	15.85%	15.56%	14.67%	13.58%	13.20%
Preferred Equity to Total Capital	0.45%	0.40%	0.38%	0.37%	0.40%	0.36%	0.36%	0.34%	0.33%	0.33%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	73.41%	74.11%	75.74%	75.81%	79.84%	82.32%	83.02%	83.34%	85.28%	82.35%
Debt to EBITDA	0.92	1.06	1.12	1.24	1.34	1.56	1.73	1.93	1.89	1.95
Net Debt to EBITDA	-3.32	-3.54	-4.13	-6.66	-7.13	-9.16	-8.72	-11.35	-11.64	-9.31
Long-Term Debt to EBITDA	0.63	0.67	1.03	1.14	1.23	1.43	1.62	1.73	1.79	1.48
Debt to NOPAT	1.24	1.27	1.34	1.44	1.56	1.99	2.13	2.04	1.83	1.91
Net Debt to NOPAT	-4.46	-4.25	-4.91	-7.72	-8.28	-11.71	-10.74	-12.03	-11.27	-9.16
Long-Term Debt to NOPAT	0.85	0.80	1.22	1.32	1.43	1.82	1.99	1.84	1.73	1.46
Noncontrolling Interest Sharing Ratio	0.46%	0.44%	0.48%	0.50%	0.54%	0.48%	0.46%	0.45%	0.43%	0.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,693	1,888	18	-589	-443	-637	-233	-250	-1,054	-386
Operating Cash Flow to CapEx	1,142.44%	560.22%	424.40%	402.41%	252.13%	286.90%	299.81%	193.73%	404.41%	330.67%
Free Cash Flow to Firm to Interest Expense	37.60	12.29	0.08	-2.24	-1.43	-1.91	-0.68	-0.71	-2.89	-1.17
Operating Cash Flow to Interest Expense	4.50	1.31	0.74	0.76	0.39	0.64	0.47	0.23	0.64	0.61
Operating Cash Flow Less CapEx to Interest Expense	4.10	1.08	0.56	0.57	0.24	0.42	0.31	0.11	0.48	0.42
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	6.15	6.17	6.24	6.13	5.45	5.23	5.11	5.07	4.99	5.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,976	5,494	5,873	5,992	5,555	6,225	6,210	6,420	6,764	6,789
Invested Capital Turnover	0.49	0.49	0.54	0.55	0.53	0.47	0.46	0.46	0.47	0.45
Increase / (Decrease) in Invested Capital	-2,271	-1,631	141	740	580	732	336	428	1,209	564
Enterprise Value (EV)	341	-192	-1,139	-3,389	-1,389	-552	1,172	255	1,187	945
Market Capitalization	5,010	4,469	3,997	4,232	4,416	5,766	6,366	6,397	7,150	6,547
Book Value per Share	$50.25	$56.65	$61.81	$62.98	$61.47	$70.93	$71.33	$73.97	$80.90	$80.32
Tangible Book Value per Share	$38.68	$44.96	$50.14	$51.35	$50.18	$59.66	$60.08	$62.73	$69.51	$68.69
Total Capital	4,976	5,494	5,873	5,992	5,555	6,225	6,210	6,420	6,764	6,789
Total Debt	1,301	1,400	1,403	1,427	1,098	1,078	1,032	1,047	974	1,176
Total Long-Term Debt	889	887	1,279	1,304	1,005	987	966	942	918	896
Net Debt	-4,691	-4,684	-5,158	-7,643	-5,827	-6,341	-5,217	-6,164	-5,985	-5,624
Capital Expenditures (CapEx)	28	36	36	49	48	74	54	42	58	60
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,301	1,400	1,403	1,427	1,098	1,078	1,032	1,047	974	1,176
Total Depreciation and Amortization (D&A)	14	4.67	12	19	-8.05	-6.63	-35	-60	-52	-45
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.71	$3.48	$2.22	$2.10	$1.90	$1.31	$1.43	$2.47	$2.16	$2.50
Adjusted Weighted Average Basic Shares Outstanding	72.69M	71.87M	71.97M	72.13M	72.15M	72.25M	72.27M	72.34M	71.31M	69.61M
Adjusted Diluted Earnings per Share	$5.70	$3.47	$2.22	$2.10	$1.90	$1.30	$1.43	$2.46	$2.16	$2.51
Adjusted Weighted Average Diluted Shares Outstanding	72.69M	71.87M	71.97M	72.13M	72.15M	72.25M	72.27M	72.34M	71.31M	69.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	72.69M	71.87M	71.97M	72.13M	72.15M	72.25M	72.27M	72.34M	71.31M	69.61M
Normalized Net Operating Profit after Tax (NOPAT)	430	145	159	151	154	65	103	178	155	178
Normalized NOPAT Margin	42.75%	20.16%	22.92%	21.84%	22.18%	9.27%	14.45%	24.20%	21.09%	23.54%
Pre Tax Income Margin	48.74%	28.80%	29.60%	28.12%	26.31%	13.25%	22.23%	29.71%	26.85%	29.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.85	1.35	0.99	0.74	0.59	0.28	0.46	0.62	0.54	0.67
NOPAT to Interest Expense	5.90	1.67	0.77	0.58	0.44	0.28	0.30	0.50	0.43	0.54
EBIT Less CapEx to Interest Expense	6.45	1.11	0.82	0.55	0.43	0.06	0.31	0.50	0.38	0.49
NOPAT Less CapEx to Interest Expense	5.50	1.44	0.59	0.39	0.28	0.06	0.14	0.39	0.27	0.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.01%	14.65%	15.73%	16.43%	22.74%	29.53%	33.97%	33.22%	33.08%	29.38%
Augmented Payout Ratio	75.09%	71.96%	37.78%	39.83%	22.82%	29.62%	34.07%	33.33%	44.30%	64.21%

Key Financial Trends

Popular, Inc. (NASDAQ:BPOP) has demonstrated solid financial performance over the last four years, with several key trends evident from its quarterly financial data.

Positive Developments:

Steady growth in Loans and Leases Interest Income: from $481 million in Q3 2022 to $674 million in Q4 2024, indicating expanding core lending activities.
Net Interest Income increased from about $530 million in early 2023 quarters to $591 million in Q4 2024, reflecting improved net interest margins.
Consistent profitability with net income growing from $103 million in Q1 2024 to $178 million in Q4 2024, showing improved earnings power.
Increasing Non-Interest Income, maintaining around $160 million–$165 million range in the past few quarters, diversifying revenue streams beyond interest income.
Strong and improving cash flow from operations, with Q4 2024 operating cash flow rising to approximately $199 million, supporting financial flexibility.
Solid common equity base growth with total common equity rising from about $3.7 billion in Q3 2022 to approximately $5.8 billion by Q3 2024, supporting capital adequacy.
Active capital return to shareholders - consistent dividend payments around $0.55 to $0.62 per share quarterly and substantial share repurchases over quarters indicate management’s commitment to shareholder value.

Neutral Observations:

Provision for Credit Losses fluctuated between $37 million and $78 million per quarter; while it increased recently, it remains within moderate levels relative to loans, reflecting prudent credit risk management.
Total assets have grown moderately over the period, reaching about $71 billion by Q3 2024, reflecting steady business growth without aggressive leverage expansion.
Interest Expense has increased alongside interest income but the net interest income growth suggests effective interest rate risk management.

Potential Concerns:

Increasing Non-Interest Expenses, notably salaries and employee benefits as well as occupancy and equipment costs, which reached $205 million and $114 million respectively in Q4 2024, could pressure margins if revenue growth slows.
Other operating expenses remain high and somewhat volatile, around $100 million per quarter, requiring monitoring for efficiency improvements.
Allowance for Loan and Lease Losses shows variability with some quarters exhibiting high balances (up to $706 million in Q2 2023), signaling credit risk that needs attention.
Large swings in investing activities, particularly large purchases and sales of investment securities, imply active portfolio management but also introduce volatility in cash flows.
Significant fluctuations in financing cash flows including large debt repayments and issuances could impact financial stability if not managed prudently.
Accumulated Other Comprehensive Income reflects consistent negative values (around -$1.5 billion to -$2.7 billion range), which may have an impact on equity and perceived financial health depending on the components.

In summary, Popular, Inc. has steadily increased its core lending income and net interest income while maintaining profitability growth and shareholder distributions. However, rising operational expenses and credit provisions along with some cash flow volatility call for close monitoring by investors. The bank's capital position is solid, supporting its ongoing growth and capital return activities.

08/08/25 09:21 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Popular's Financials

When does Popular's financial year end?

According to the most recent income statement we have on file, Popular's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Popular's net income changed over the last 9 years?

Popular's net income appears to be on an upward trend, with a most recent value of $614.21 million in 2024, falling from $895.34 million in 2015. The previous period was $541.34 million in 2023. See where experts think Popular is headed by visiting Popular's forecast page.

How has Popular's revenue changed over the last 9 years?

Over the last 9 years, Popular's total revenue changed from $1.93 billion in 2015 to $2.94 billion in 2024, a change of 52.5%.

How much debt does Popular have?

Popular's total liabilities were at $67.43 billion at the end of 2024, a 2.8% increase from 2023, and a 120.0% increase since 2015.

How much cash does Popular have?

In the past 9 years, Popular's cash and equivalents has ranged from $362.39 million in 2016 to $491.07 million in 2020, and is currently $419.64 million as of their latest financial filing in 2024.

How has Popular's book value per share changed over the last 9 years?

Over the last 9 years, Popular's book value per share changed from 48.80 in 2015 to 80.32 in 2024, a change of 64.6%.

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This page (NASDAQ:BPOP) was last updated on 8/8/2025 by MarketBeat.com Staff

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Popular (BPOP) Financials

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Popular (BPOP) Financials

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