# POPULAR, INC.

Summary updated: 2026-10-03T22:20:37.714347Z
Canonical: https://finbar.com/research/companies/popular-inc

## Overview

Popular, Inc. is a financial-services company whose core business is banking, complemented by asset-management, insurance and mortgage-banking activities. Its offerings serve customers across Puerto Rico, the U.S. mainland, the Caribbean and Latin America. [1](https://www.popular.com/en/about-popular/)[2](https://app.finbar.com/go?id=T19310735)

The company’s stated purpose is to work for the social and economic well-being of Puerto Rico. [3](https://www.popular.com/en/know-popular/people-creeds-values/)

For the year ended December 31, 2025, Popular reported $2.541 billion in net interest income and $658 million in non-interest income—about $3.20 billion combined across those categories. It had $75.3 billion in total assets and 9,238 employees at year-end. [2](https://app.finbar.com/go?id=T19310735)[4](https://app.finbar.com/go?id=P90299607)[5](https://www.sec.gov/Archives/edgar/data/763901/000119312526121090/d17859dars.pdf)
[2](https://app.finbar.com/go?id=T19310735)[4](https://app.finbar.com/go?id=P90299607)[1](https://www.popular.com/en/about-popular/)[3](https://www.popular.com/en/know-popular/people-creeds-values/)[5](https://www.sec.gov/Archives/edgar/data/763901/000119312526121090/d17859dars.pdf)

## Products & services

Popular offers personal checking and savings accounts, tax-advantaged accounts, certificates of deposit, and personal credit cards including Visa Cobalt Infinite, Visa Cash Rewards, PREMIA Rewards, AAdvantage Visa Signature Plus, and JetBlue Mastercard. Personal borrowing products include personal and auto loans and leases, and FHA, conventional, USDA, and VA mortgages. [6](https://www.popular.com/en/accounts/)[7](https://www.popular.com/en/cards/personal/)[8](https://www.popular.com/en/loans/personal-loans/)[9](https://www.popular.com/en/auto/)[10](https://www.popular.com/en/mortgages/)

Business offerings include B-Smart and FlexiCuenta de Negocios checking, escrow/IOLTA accounts, business loans and cards, and digital banking. Digital and transaction services include Mi Banco Mobile features for payments, check deposits, alerts, and ATH Móvil; ON/OFF card controls; and Web Cash Manager capabilities for payroll deposits, billing and payments, wire transfers, reporting, and user access controls. Fraud controls include Positive Pay and electronic-payment authorization. Popular also provides equipment leasing and financing services. [11](https://www.popular.com/en/business/)[12](https://www.popular.com/en/services/)[13](https://www.popular.com/en/mi-banco/mobile/tools/)[14](https://www.popular.com/en/business/webcash/)[15](https://www.popular.com/en/business/fraud-prevention/)[16](https://app.finbar.com/go?id=P154814685)

In FY2025, reported loan balances totaled $39.328 billion: commercial loans were $19.760 billion (about 50.2% of balances), construction $1.675 billion (4.3%), mortgage $8.649 billion (22.0%), auto loans and leases $5.830 billion (14.8%), and consumer loans $3.414 billion (8.7%). These are shares of the loan portfolio, not company revenue or earnings; the cited figures also report average FTE yields by loan category. [17](https://app.finbar.com/go?id=T19310742)
[17](https://app.finbar.com/go?id=T19310742)[16](https://app.finbar.com/go?id=P154814685)[6](https://www.popular.com/en/accounts/)[7](https://www.popular.com/en/cards/personal/)[8](https://www.popular.com/en/loans/personal-loans/)[9](https://www.popular.com/en/auto/)[10](https://www.popular.com/en/mortgages/)[11](https://www.popular.com/en/business/)[12](https://www.popular.com/en/services/)[13](https://www.popular.com/en/mi-banco/mobile/tools/)[14](https://www.popular.com/en/business/webcash/)[15](https://www.popular.com/en/business/fraud-prevention/)

## Geographic presence

Popular, Inc. operates in Puerto Rico, the U.S. mainland, and the U.S. and British Virgin Islands. Its largest retail banking franchise, Banco Popular de Puerto Rico, is in Puerto Rico; Popular Bank operates branches in New York, New Jersey, and Florida. The company’s headquarters are at Popular Center, 209 Muñoz Rivera Avenue, Hato Rey, Puerto Rico. [18](https://app.finbar.com/go?id=P75624399)[19](https://app.finbar.com/go?id=P119104798)[20](https://app.finbar.com/go?id=P61407089)

As of December 31, 2025, Banco Popular de Puerto Rico operated 162 branches and Popular Bank operated 39. The company also reported 582 ATMs in Puerto Rico, 27 in the Virgin Islands, and 97 on the U.S. mainland. The available disclosures do not provide revenue percentages by geography or an employee distribution by location. [21](https://app.finbar.com/go?id=P78691545)[22](https://app.finbar.com/go?id=P53112546)[23](https://app.finbar.com/go?id=P34542482)[24](https://app.finbar.com/go?id=D282544)
[18](https://app.finbar.com/go?id=P75624399)[19](https://app.finbar.com/go?id=P119104798)[20](https://app.finbar.com/go?id=P61407089)[21](https://app.finbar.com/go?id=P78691545)[22](https://app.finbar.com/go?id=P53112546)[23](https://app.finbar.com/go?id=P34542482)[24](https://app.finbar.com/go?id=D282544)

## Business segments

For FY2025, Popular, Inc. reported two business segments: **Banco Popular de Puerto Rico (BPPR)** and **Popular U.S.** BPPR includes commercial, consumer and retail banking, mortgage and auto lending, and related trust, asset-management, brokerage, insurance-agency and reinsurance activities. [25](https://app.finbar.com/go?id=P47057364)[26](https://app.finbar.com/go?id=P18668966)[27](https://app.finbar.com/go?id=P47506993)[28](https://app.finbar.com/go?id=P117981590)[29](https://app.finbar.com/go?id=P113186080)[30](https://app.finbar.com/go?id=P97763469) Popular U.S. includes mainland branch banking through Popular Bank, equipment leasing and financing through PEF, and investment and insurance services through Popular Insurance Agency, U.S.A. [31](https://app.finbar.com/go?id=P77232565)[32](https://app.finbar.com/go?id=P101932725)[33](https://app.finbar.com/go?id=P37630522)[34](https://app.finbar.com/go?id=P28473334)[35](https://app.finbar.com/go?id=P115383081)[36](https://app.finbar.com/go?id=P102867779)

The company’s segment table does not report a revenue-share percentage. As an approximate comparison, using segment net interest income plus non-interest income as a revenue proxy, BPPR contributed about **86.0%** and Popular U.S. about **13.7%** of consolidated net interest income plus non-interest income in FY2025; the remaining difference reflects corporate, intersegment or reconciliation items. [37](https://app.finbar.com/go?id=P120654791)[38](https://app.finbar.com/go?id=P119820547)[39](https://app.finbar.com/go?id=P71074121)[40](https://app.finbar.com/go?id=P102847863)[2](https://app.finbar.com/go?id=T19310735) The company also describes a Corporate group, primarily consisting of holding companies and certain equity-method investments, but it is not one of the two reportable business segments. [41](https://app.finbar.com/go?id=P37057500)[42](https://app.finbar.com/go?id=P38324918)[43](https://app.finbar.com/go?id=P70204600) Investor materials sometimes use “Puerto Rico Operations” and “United States Operations” as broader geographic labels, not additional reportable segments. [44](https://app.finbar.com/go?id=P165556056)
[25](https://app.finbar.com/go?id=P47057364)[26](https://app.finbar.com/go?id=P18668966)[27](https://app.finbar.com/go?id=P47506993)[28](https://app.finbar.com/go?id=P117981590)[29](https://app.finbar.com/go?id=P113186080)[30](https://app.finbar.com/go?id=P97763469)[31](https://app.finbar.com/go?id=P77232565)[32](https://app.finbar.com/go?id=P101932725)[33](https://app.finbar.com/go?id=P37630522)[34](https://app.finbar.com/go?id=P28473334)[35](https://app.finbar.com/go?id=P115383081)[36](https://app.finbar.com/go?id=P102867779)[37](https://app.finbar.com/go?id=P120654791)[38](https://app.finbar.com/go?id=P119820547)[39](https://app.finbar.com/go?id=P71074121)[40](https://app.finbar.com/go?id=P102847863)[2](https://app.finbar.com/go?id=T19310735)[41](https://app.finbar.com/go?id=P37057500)[42](https://app.finbar.com/go?id=P38324918)[43](https://app.finbar.com/go?id=P70204600)[44](https://app.finbar.com/go?id=P165556056)

## Company history

Popular, Inc. traces its origins to 5 October 1893, when Sociedad Anónima de Economías y Préstamos was founded in Old San Juan as the predecessor of Banco Popular de Puerto Rico. Manuel Fernández Juncos led the organizing group, and Manuel Muñoz Barrios was its first director. [45](https://censoarchivos.cultura.gob.es/CensoGuia/fondoDetail.htm?id=821521) In the 1950s, the bank used mobile “Rolling Banks” to bring services to communities across Puerto Rico, and in 1961 it opened its first U.S. mainland branch, in the Bronx, New York. [46](https://www.popular.com/en/130anniversary/130-of-innovation/)[47](https://www.popularbank.com/about-us/about-popular/minority-depository-institution/)

Popular launched its ATH electronic payments and ATM network in 1983, followed by online banking in 1998. [48](https://newsroom.popular.com/English/press-releases/press-release-details/2023/Popular-celebrates-its-130th-Anniversary-by-putting-people-at-the-center-of-progress/default.aspx)[46](https://www.popular.com/en/130anniversary/130-of-innovation/) In 2005, it acquired online lender E-LOAN. [49](https://www.americanbanker.com/news/in-brief-popular-of-puerto-rico-purchases-e-loan) In 2010, it sold a 51% interest in payment-processing subsidiary EVERTEC to Apollo-affiliated funds; EVERTEC later completed an IPO in 2013. [50](https://www.sec.gov/Archives/edgar/data/1559865/000119312513153457/d427686d424b4.htm) In 2015, Popular acquired certain assets and deposits of Doral Bank following its closure. [51](https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/doral.html) Javier D. Ferrer succeeded Ignacio Alvarez as CEO in 2025, and Jorge J. García succeeded Ferrer in September 2026. [52](https://newsroom.popular.com/English/press-releases/press-release-details/2025/Popular-Announces-Chief-Executive-Officer-Ignacio-Alvarez-Will-Retire-on-June-30-2025-Board-Appoints-President--COO-Javier-D.-Ferrer-to-Become-Populars-Next-CEO/default.aspx)[53](https://investor.popular.com/news-releases/news-release-details/popular-announces-leadership-transition)
[45](https://censoarchivos.cultura.gob.es/CensoGuia/fondoDetail.htm?id=821521)[46](https://www.popular.com/en/130anniversary/130-of-innovation/)[47](https://www.popularbank.com/about-us/about-popular/minority-depository-institution/)[48](https://newsroom.popular.com/English/press-releases/press-release-details/2023/Popular-celebrates-its-130th-Anniversary-by-putting-people-at-the-center-of-progress/default.aspx)[49](https://www.americanbanker.com/news/in-brief-popular-of-puerto-rico-purchases-e-loan)[50](https://www.sec.gov/Archives/edgar/data/1559865/000119312513153457/d427686d424b4.htm)[51](https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/doral.html)[52](https://newsroom.popular.com/English/press-releases/press-release-details/2025/Popular-Announces-Chief-Executive-Officer-Ignacio-Alvarez-Will-Retire-on-June-30-2025-Board-Appoints-President--COO-Javier-D.-Ferrer-to-Become-Populars-Next-CEO/default.aspx)[53](https://investor.popular.com/news-releases/news-release-details/popular-announces-leadership-transition)

## Sources

1. [www.popular.com](https://www.popular.com/en/about-popular/)
2. [POPULAR, INC. — Presentation (2025 Y), p19](https://app.finbar.com/go?id=T19310735)
3. [www.popular.com](https://www.popular.com/en/know-popular/people-creeds-values/)
4. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P90299607)
5. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/763901/000119312526121090/d17859dars.pdf)
6. [www.popular.com](https://www.popular.com/en/accounts/)
7. [www.popular.com](https://www.popular.com/en/cards/personal/)
8. [www.popular.com](https://www.popular.com/en/loans/personal-loans/)
9. [www.popular.com](https://www.popular.com/en/auto/)
10. [www.popular.com](https://www.popular.com/en/mortgages/)
11. [www.popular.com](https://www.popular.com/en/business/)
12. [www.popular.com](https://www.popular.com/en/services/)
13. [www.popular.com](https://www.popular.com/en/mi-banco/mobile/tools/)
14. [www.popular.com](https://www.popular.com/en/business/webcash/)
15. [www.popular.com](https://www.popular.com/en/business/fraud-prevention/)
16. [POPULAR, INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154814685)
17. [POPULAR, INC. — Presentation (2025 Y), p22](https://app.finbar.com/go?id=T19310742)
18. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P75624399)
19. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P119104798)
20. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P61407089)
21. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P78691545)
22. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P53112546)
23. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P34542482)
24. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=D282544)
25. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P47057364)
26. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P18668966)
27. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P47506993)
28. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P117981590)
29. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P113186080)
30. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P97763469)
31. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P77232565)
32. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P101932725)
33. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P37630522)
34. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P28473334)
35. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P115383081)
36. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P102867779)
37. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P120654791)
38. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P119820547)
39. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P71074121)
40. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P102847863)
41. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P37057500)
42. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P38324918)
43. [POPULAR, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P70204600)
44. [POPULAR, INC. — Presentation (2025 Y), p18](https://app.finbar.com/go?id=P165556056)
45. [censoarchivos.cultura.gob.es](https://censoarchivos.cultura.gob.es/CensoGuia/fondoDetail.htm?id=821521)
46. [www.popular.com](https://www.popular.com/en/130anniversary/130-of-innovation/)
47. [www.popularbank.com](https://www.popularbank.com/about-us/about-popular/minority-depository-institution/)
48. [newsroom.popular.com](https://newsroom.popular.com/English/press-releases/press-release-details/2023/Popular-celebrates-its-130th-Anniversary-by-putting-people-at-the-center-of-progress/default.aspx)
49. [www.americanbanker.com](https://www.americanbanker.com/news/in-brief-popular-of-puerto-rico-purchases-e-loan)
50. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1559865/000119312513153457/d427686d424b4.htm)
51. [www.fdic.gov](https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/doral.html)
52. [newsroom.popular.com](https://newsroom.popular.com/English/press-releases/press-release-details/2025/Popular-Announces-Chief-Executive-Officer-Ignacio-Alvarez-Will-Retire-on-June-30-2025-Board-Appoints-President--COO-Javier-D.-Ferrer-to-Become-Populars-Next-CEO/default.aspx)
53. [investor.popular.com](https://investor.popular.com/news-releases/news-release-details/popular-announces-leadership-transition)

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