Popular, Inc. has announced its financial results for the fourth quarter of 2025, revealing a net income of $233.9 million, up from $211.3 million in the third quarter of 2025. Adjusted net income for the fourth quarter, excluding the partial reversal of the FDIC special assessment reserve, was $224.2 million. Earnings per share also saw an increase from $3.15 in Q3 2025 to $3.53 in Q4 2025.
For the year 2025, net income amounted to $833.2 million, compared to $614.2 million in 2024. Adjusted net income for 2025, excluding certain expenses, was $823.5 million, up from $646.1 million in 2024.
Net interest income for Q4 2025 was $657.6 million, representing an increase of $11.0 million from the previous quarter. The net interest margin also saw a rise to 3.61% in Q4 2025, compared to 3.51% in Q3 2025.
Non-interest income totaled $166.3 million in Q4 2025, slightly down from $171.2 million in Q3 2025. Operating expenses decreased to $473.2 million from $495.3 million in Q3 2025, excluding the partial reversal of the FDIC special assessment reserve.
In terms of credit quality metrics, non-performing loans held-in-portfolio decreased by $3.9 million, with net charge-offs decreasing by $8.2 million in Q4 2025 compared to Q3 2025.
Loans held-in-portfolio, excluding loans held-for-sale, increased to $39.3 billion, up by $640.4 million from Q3 2025. However, money market and investment securities decreased by $330.6 million from Q3 2025 to $32.8 billion.
Deposits also saw a change, decreasing to $66.2 billion, which included a decrease of $662.3 million in P.R. public deposits. Excluding these, total deposits increased by $339.0 million.
Furthermore, capital actions for the fourth quarter of 2025 included the repurchase of 1,252,303 shares of common stock for $147.8 million and the payment and declaration of a quarterly common stock dividend of $0.75 per share.
Javier D. Ferrer, President and Chief Executive Officer of Popular, Inc., expressed satisfaction with the company's performance, highlighting 36% growth in net income for 2025 and strong loan growth. He also emphasized the corporation's focus on improving sustainable returns and becoming the top-performing bank for its customers.
The market has reacted to these announcements by moving the company's shares -0.58% to a price of $128.09. For more information, read the company's full 8-K submission here.
