Popular, Inc. (NASDAQ:BPOP) announced its third‑quarter 2025 financial results on October 24, 2025. The bank reported net income of $211.3 million for the quarter ended September 30, 2025, up from $210.4 million in the prior quarter. Earnings per share were $3.15 basic and $3.14 diluted, exceeding analysts’ expectations.
Net interest income rose to $646.5 million, a $15.0 million increase from the second quarter, and the net interest margin expanded to 3.51 % from 3.49 %. The improvement was driven by higher yields on U.S. Treasury securities and a $793.2 million increase in average deposits, primarily in Puerto Rico public deposits and high‑cost U.S. deposits.
Other non‑interest income increased to $171.2 million, while operating expenses rose modestly to $495.3 million. Income before tax was $247.3 million, and the company paid $36.0 million in income tax, resulting in a 14.5 % effective tax rate. Net income per common share was $3.15 basic and $3.14 diluted.
Credit quality remained stable, with non‑performing loans at $502.2 million and net charge‑offs of $57.8 million. The company reiterated its focus on transformation and continued expansion of its net interest margin, supporting its outlook for sustained profitability.
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