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Puerto Rico's largest bank holding company (Banco Popular), also operating US mainland community banking.
Puerto Rico's largest bank holding company (Banco Popular), also operating US mainland community banking.
Earns the spread between loan interest and deposit costs, with Puerto Rico supplying most of its business and the mainland unit, Popular Bank, a smaller part. It also holds a stake in EVERTEC, the payments processor that handles much of its transaction processing, which provides equity income.
Moat: narrow (scale, brand, distribution). Dominant deposit/branch franchise in Puerto Rico with limited large-bank competition on the island.
Headquarters: San Juan, Puerto Rico, United States · Founded: 1893 · Employees: 9,238
Size Popular (BPOP) is a United States Financials company (Regional Banks) with a market value of $9.83B, the 787th largest of 3,117 United States companies the cockpit tracks. Shares closed at $156.52 on 6 Nov 2026.
Performance Over six months the shares gained 5.0%, against +4.6% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 3.9% over the last twelve months (peer median +8.9%); the operating margin is 34.6% (peer median 41.8%).
Valuation It trades at 1.58× book value against a peer median of 1.21× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 11.1%; Popular delivers 16.6%, so the price asks less than the business earns today.
Credit Popular has 1 bond outstanding ($400M), rated BB+ by the agencies and trading like BB at a weighted spread of 165 bp.
Short interest Short interest is 3.0% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.59B | $4.45B | $4.35B | $3.91B | $3.11B |
| Revenue growth | — | +2% | +11% | +26% | — |
| Net income | $1.02B | $833M | $614M | $541M | $1.10B |
| Free cash flow | n/a | $676M | $454M | $456M | $557M |
| Capital expenditure | n/a | $197M | $213M | $208M | $104M |
| Total debt | $1.33B | $1.58B | $1.30B | $1.23B | $1.56B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Popular BPOP | $9.83B | +5% | +4% | 17% | 1.58× | 11.1% |
| OFG Bancorp OFG | $2.15B | +10% | +2% | 17% | 1.60× | 12.0% |
| First Bancorp FBP | $3.92B | +8% | +3% | 19% | 2.09× | 15.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BPOP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.5% | +2.2% | 9th lowest of 21 |
| 6-month return | +5.0% | +4.6% | 11th highest of 21 |
| Return on equity | 16.6% | 9.4% | highest of 21 |
| Price / book | 1.58× | 1.21× | 6th most expensive of 21 |
| Trailing P/E | 9.9× | 14.6× | 4th cheapest of 20 |
| ROE the price implies | 11.1% | 8.1% | 6th most demanding of 20 |
| ROE delivered | 16.6% | 9.5% | highest of 20 |
| Bond spread | 165 bp | 96 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Popular BPOP | United States | $9.83B | +5% | +4% | 17% | 1.58× | 11.1% | 16.6% |
| Cullen/Frost Bankers CFR | United States | $9.65B | +12% | +2% | 16% | 2.52× | 14.2% | 16.2% |
| Shizuoka Financial 5831.T | Japan | $10.0B | +6% | +18% | 8% | 1.21× | 10.5% | 8.2% |
| Chang Hwa Commercial Bank 2801.TW | Taiwan | $10.2B | +34% | +3% | 9% | 1.46× | 4.7% | 9.2% |
| Wintrust Financial WTFC | United States | $10.2B | 0% | +6% | 13% | 1.49× | 12.2% | 12.9% |
| Chiba Bank 8331.T | Japan | $10.3B | +9% | +31% | 8% | 1.28× | 6.9% | 8.3% |
| SBI Shinsei Bank 8303.T | Japan | $9.20B | -11% | +27% | 10% | 1.15× | 4.7% | 9.9% |
| Central Bancompany CBC | United States | $9.04B | +38% | +10% | 13% | 2.35× | 10.9% | 12.6% |
| First Horizon FHN | United States | $10.9B | -6% | -8% | 8% | 1.34× | 9.7% | 8.0% |
| Yokohama Financial 7186.T | Japan | $11.1B | +7% | +21% | 8% | 1.21× | 8.1% | 8.0% |
| Columbia Banking System COLB | United States | $8.62B | +1% | +22% | 11% | 1.19× | 9.3% | 11.2% |
| Prosperity Bancshares, Inc.(R) PB | United States | $8.60B | +4% | +19% | 6% | 0.88× | 7.5% | 6.5% |
| IBK 024110.KS | South Korea | $11.4B | -14% | +28% | 8% | 0.49× | 4.2% | n/a |
| Chongqing Rural Commercial Bank 3618.HK | Hong Kong | $11.5B | -4% | +4% | 9% | 0.44× | 4.1% | 9.5% |
| Western Alliance Bancorp WAL | United States | $8.13B | -8% | +8% | 13% | 1.11× | 12.9% | 13.2% |
| CNPC Capital 000617.SZ | China | $12.3B | -31% | -14% | 5% | 0.76× | 7.9% | 4.6% |
| Luzerner Kantonalbank LUKN.SW | Switzerland | $7.86B | +28% | -3% | 9% | 1.76× | n/a | 8.9% |
| Commerce Bancshares CBSH | United States | $7.82B | +6% | +9% | 15% | 1.87× | 12.1% | 14.9% |
| Shanghai Commercial & Savings Bank 5876.TW | Taiwan | $7.56B | +34% | -17% | 9% | 1.17× | 4.0% | 8.6% |
| Bank of Chengdu 601838.SS | China | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% | 15.1% |
| AU Small Finance Bank AUBANK.NS | India | $7.39B | -10% | +17% | 16% | 3.21× | 44.0% | 15.7% |
Popular has 1 bond outstanding with $400M face value. The agencies rate it BB+; its bonds trade like BB. Weighted yield 6.04%, a spread of 165 bp over government bonds.