For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Net fees-Service Charges On Deposit Accounts | 155,868 | - | ||
| Net fees-Other Services | 402,911 | - | ||
| Mortgage banking activities | 14,956 | 19,059 | ||
| Net gain (loss), including impairment on equity securities | 1,596 | -1,583 | ||
| Net gain on trading account debt securities | 1,908 | 1,445 | ||
| Net gain (loss) on sale of loans, including valuation on loans held for sale | 0 | 440 | ||
| Revenue from contract with customer | - | 540,576 | ||
| Adjustments to indemnity reserves on loans sold | -174 | 1,266 | ||
| Other operating income | 80,954 | 97,706 | ||
| Total non-interest income | 658,019 | 658,909 | ||
| Investment securities | - | 695,010 | ||
| Loans | 2,763,118 | 2,626,058 | ||
| Money market investments | 254,786 | 352,195 | ||
| Investment securities | 765,105 | - | ||
| Total interest income | 3,783,009 | 3,673,263 | ||
| Deposits | 1,177,896 | 1,336,121 | ||
| Short-term borrowings | 15,818 | 4,676 | ||
| Long-term debt | 48,092 | 50,178 | ||
| Total interest expense | 1,241,806 | 1,390,975 | ||
| Net interest income | 2,541,203 | 2,282,288 | ||
| Provision for credit losses | 260,163 | 256,942 | ||
| Net interest income after provision for credit losses | 2,281,040 | 2,025,346 | ||
| Personnel costs | 905,214 | 820,451 | ||
| Net occupancy expenses | 110,213 | 111,430 | ||
| Equipment expenses | 22,110 | 33,424 | ||
| Other taxes | 72,939 | 66,046 | ||
| Professional fees | 110,098 | 125,822 | ||
| Technology and software expenses | 341,605 | 329,061 | ||
| Processing and transactional services | 152,386 | 142,677 | ||
| Communications | 19,270 | 18,899 | ||
| Business promotion | 107,283 | 101,930 | ||
| Fdic deposit insurance | 24,369 | 54,626 | ||
| Other real estate owned (oreo) income | -13,393 | -18,124 | ||
| Other operating expenses | 65,422 | 98,457 | ||
| Amortization expense | 1,750 | 2,938 | ||
| Goodwill impairment | 13,000 | - | ||
| Total operating expenses | 1,932,266 | 1,887,637 | ||
| Income before income tax | 1,006,793 | 796,618 | ||
| Income tax (benefit) expense | 173,634 | 182,406 | ||
| Net income | 833,159 | 614,212 | ||
| Basic EPS | 12.31 | 8.56 | ||
| Diluted EPS | 12.3 | 8.56 | ||
| Basic Average Shares | 67,586,130 | 71,590,757 | ||
| Diluted Average Shares | 67,612,847 | 71,623,702 | ||
POPULAR, INC. (BPOP)
POPULAR, INC. (BPOP)