Banco Popular de Puerto Rico

Overview

What stands out about Banco Popular de Puerto Rico?

Its largest one-quarter change in total assets since Q1 2016 was +22.6% between Q1 2020 and Q2 2020, a quarter with no merger or acquisition in the FDIC history. Against its six size peers, its loan-to-deposit ratio stands out most: 46.37% at Q2 2026, below the peer median of 86.41%. Its tier 1 leverage ratio of 7.53% at Q2 2026 is in the lowest 5% of the 500 banks reporting it (rank 486 of 500, 1 = highest).

How large is Banco Popular de Puerto Rico?

At Q2 2026 the bank held $63.3 bn of assets. Deposits were $58.7 bn and net loans and leases $27.2 bn, a loan-to-deposit ratio of 46.37%. Securities of $29.6 bn made up 46.7% of assets.

Total assets rose 126.8% between Q1 2016 and Q2 2026, from $27.9 bn.

How much of its funding is uninsured?

An estimated 59.76% of domestic deposits were above the FDIC insurance limit at Q2 2026, +2.58 pp from the previous quarter and +1.23 pp from a year earlier. That share ranks 29th among 500 banks reporting this metric (1 = highest).

Key facts, Q2 2026

US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.

The common equity tier 1 (CET1) ratio was 16.40% at Q2 2026, +0.43 pp from a year earlier. Since Q1 2016 it has ranged from 15.59% (Q4 2025) to 19.20% (Q1 2018). At Q2 2026 the tier 1 leverage ratio was 7.53% and the total risk-based capital ratio 17.66%. The median CET1 ratio of the size peers listed below was 13.36% at Q2 2026.

Held-to-maturity securities had an unrealized loss of $27.0 mn at Q2 2026, measured as fair value minus amortized cost, equal to 0.7% of bank equity capital. The loss turned from a gain into a loss from a year earlier. The largest unrealized loss on these securities was $242.0 mn at Q3 2023. Available-for-sale securities showed an unrealized loss of $906.0 mn at Q2 2026; the loss narrowed by $76.0 mn from a year earlier.

Return on equity was 21.78% for the year to Q2 2026, annualized, with a return on assets of 1.38% and a net interest margin of 3.95%. The margin was +0.21 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 56.26%. Net income for the year to Q2 2026 was $422.0 mn, up 23.8% on the same period a year earlier. The median return on equity of its size peers was 10.95% for the same period.

Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 2.40% of total loans at Q2 2026. Net charge-offs for the year to date were 1.16% of average loans, annualized.

The FDIC history records no mergers or acquisitions for Banco Popular de Puerto Rico since Q1 2016, and its total assets never moved more than 25% in one quarter.