Popular Q3 net income falls to $266 million from Q2 as credit loss outlook worsens
Popular, Inc. reported third-quarter 2026 net income of $266 million, or $4.21 per diluted share, down from $278 million and $4.35 in the second quarter but up from $211 million and $3.14 a year earlier. The company raised its 2026 net charge-off guidance to 80-90 basis points from 55-70 basis points, while lowering its operating expense and effective tax rate guidance, so the outlook is mixed for shareholders.
Key points
- Net income of $266 million vs. $278 million in Q2 2026 and $211 million in Q3 2025
- Diluted EPS of $4.21 vs. $4.35 in Q2 2026 and $3.14 in Q3 2025
- Full-year net charge-off guidance raised to 80-90 basis points from 55-70 basis points, citing year-to-date charge-offs and commercial NPL inflows
- Full-year operating expense growth guidance lowered to 2% from 3%; effective tax rate guidance set at 14% vs. 15%-17% previously
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.