Core Viewpoint - Popular, Inc. (BPOP) reported strong second-quarter 2025 adjusted earnings per share (EPS) of $3.09, exceeding expectations and showing growth from the previous year [1][10] Financial Performance - The company's net income on a GAAP basis was $210.4 million, reflecting an 18.4% increase year over year [2] - Total quarterly revenues reached $800 million, a 9% increase from the same quarter last year [3] - Net interest income (NII) was $631.5 million, up 11.1% year over year, with the net interest margin expanding by 27 basis points to 3.49% [3] - Non-interest income increased by 1.3% year over year to $168.5 million, driven by higher service charges and net gains on equity securities [4] Expenses and Provisions - Total operating expenses rose by 4.9% year over year to $492.7 million, primarily due to increased personnel costs and business promotion [4][10] - Provisions for credit losses were $48.9 million, up 4.6% from the prior year [6] Loans and Deposits - Total loans held-in-portfolio increased by 2.5% sequentially to $37.4 billion, while total deposits rose by 2.1% to $67.2 billion [5] Credit Quality - Non-performing assets decreased by 13.1% year over year to $357.7 million, with a non-performing assets to total assets ratio of 0.47% [6] Capital Ratios - As of June 30, 2025, the Common Equity Tier 1 capital ratio and Tier 1 capital ratio were 15.91% and 15.96%, respectively, down from 16.48% and 16.54% in the previous year [7] Share Repurchase - In the reported quarter, the company repurchased 1,136,390 shares of common stock for $112 million [8] Strategic Positioning - The company is positioned to benefit from business transformation efforts and modernization of customer channels, with an increase in loans and deposits strengthening its balance sheet [11]