BPOP · POPULAR INC Q2 FY2026 earnings call record财报电话会记录

“We reported net income of $278 million, an earnings per share of $4.35, an increase of $0.57 per share or 15% from the Q1.”

“We continued to return capital to shareholders, repurchasing $125 million of common stock, fully utilizing our prior $500 million authorization and paying our quarterly dividend of $0.75 per share.”

“Earlier this morning, we announced a planned 20% increase in our quarterly dividend to $0.90 per share and a new $1 billion share repurchase authorization.”

“Popular debit and credit card sales volume increased by more than seven percent year-over-year, demonstrating continued activity across our customer base.”

“Demand continues to be supported by strong underlying fundamentals, although affordability remains a constraint.”

“Hotel demand approached 2 million room nights, or 81% occupancy from January through May of this year, increasing approximately seven percent versus the same period in 2025.”

“Puerto Rico public deposits increased by approximately $3 billion, while customer deposits, excluding public funds, declined by approximately $400 million.”

“At BPPR, deposit costs increased by one basis point, driven by a two basis point increase in non-public customer deposits as a result of targeted retention strategies, while public deposit costs decreased by five basis points.”

“Non-interest income increased by $15 million to $181 million and was above our guidance range.”

“Earlier today, we announced a 20% increase in our quarterly dividend to $0.90 per share beginning in the Q4, subject to board approval, as well as a new share repurchase authorization of up to $1 billion.”

“During the remainder of 2026, we expect to repurchase an additional $300 million-$400 million in common stock.”

“Some highlights include the deployment of more than $1.1 billion in loans to support small businesses and entrepreneurs across our regions, and the launch of Mi Crédito to help customers better understand and improve their credit profile.”