Financial Data and Key Metrics Changes - The company reported an annual net income of $833 million, an increase of $219 million or 36% compared to 2024 [5] - The Common Equity Tier 1 (CET1) ratio ended the year at 15.7%, with tangible book value per share increasing by 21% year-over-year to $82.65 [6] - Quarterly net income was $234 million, with earnings per share (EPS) of $3.53, reflecting an increase of $23 million and $0.38 per share respectively [8][13] - Net interest income (NII) for the quarter was $658 million, up $11 million, and for the year, NII increased by $259 million or 11% [15][16] Business Line Data and Key Metrics Changes - Loan growth for the year reached $2.2 billion, a 6% increase, with commercial loans leading the growth [5] - In the fourth quarter, loan growth was strong at $641 million, with $497 million from BBPR and $144 million from Popular Bank [16] - Non-interest income was $166 million, a decrease of $5 million compared to Q3, but aligned with guidance [19] Market Data and Key Metrics Changes - The unemployment rate in Puerto Rico remained stable at 5.7%, with consumer spending healthy and credit/debit card sales increasing by approximately 5% [9] - Airport passenger traffic reached a record of 13.6 million in 2025, a 3% increase from 2024, indicating strong tourism activity [10] Company Strategy and Development Direction - The company aims to be the number one bank for customers by enhancing relationships and providing exceptional service [10] - Focus on delivering solutions faster and improving productivity while reducing costs is a key strategic initiative [10] - The company is executing a series of sustainable efficiency initiatives, including exiting the U.S. mortgage business and optimizing its mortgage servicing business in Puerto Rico [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the stability of the Puerto Rican economy and the potential for continued loan growth driven by commercial lending [9][27] - The company anticipates a consolidated loan growth of 3%-4% for 2026, with a focus on maintaining a sustainable return on capital (ROC) above 14% [15][16] - Concerns about affordability and the PREPA situation were highlighted as potential risks to the economic outlook [89][90] Other Important Information - The company repurchased approximately $500 million in common stock during 2025, with a total of $720 million repurchased since resuming buybacks [6][21] - The effective tax rate for 2025 was 17%, down from 23% the previous year, with expectations for 2026 to be in the range of 15%-17% [20] Q&A Session Summary Question: Guidance on NII and ROC - Management indicated that NII growth is expected to slow slightly in 2026, with a target of 5%-7% growth and continued margin expansion [33][34] Question: Loan Growth Expectations - Loan growth is expected to moderate in 2026, particularly in consumer lending, while commercial lending remains strong [36][37] Question: Fee Growth Outlook - Management noted that unusual items in 2025 would impact fee growth guidance for the upcoming year [46] Question: M&A Opportunities - The company remains open to evaluating M&A opportunities that align with its strategic goals, focusing on enhancing shareholder value [47][49] Question: Deposit Competition - Management acknowledged competition in the deposit market but emphasized a steady pricing environment [78] Question: Economic Risks - Concerns about affordability and the PREPA situation were highlighted as key risks to monitor [89][90]

Popular (NasdaqGS:BPOP) Q4 2025 Earnings call January 27, 2026 10:00 AM ET Speaker3I'd like to hand over to Paul Cardillo. Please go ahead.Speaker4Good morning, and thank you for joining us. With me on the call today is our President and CEO, Javier Ferrer, our CFO, Jorge García, and our CRO, Lidio Soriano. They will review our results for the full year and fourth quarter and then answer your questions. Other members of our management team will also be available during the Q&A session. Before we begin, I wo ...

Investor Presentation Fourth Quarter 2025 BE THE #1 BANK FOR OUR CUSTOMERS Meet customers where they are. We are their first choice, always one step ahead, fostering loyalty and deepening relationships at every stage of their lives, to drive growth BE SIMPLE AND EFFICIENT Deliver solutions faster, improve productivity, and reduce costs Cautionary Note Regarding Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Refo ...

Core Viewpoint - Popular (BPOP) reported quarterly earnings of $3.38 per share, exceeding the Zacks Consensus Estimate of $3.02 per share, and showing an increase from $2.51 per share a year ago [1] Earnings Performance - The earnings surprise for the quarter was +11.80%, with the company previously expected to post earnings of $3.04 per share but actually reporting $3.14, resulting in a surprise of +3.29% [2] - Over the last four quarters, Popular has consistently surpassed consensus EPS estimates [2] Revenue Performance - The company posted revenues of $823.84 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.10%, compared to $755.46 million in the same quarter last year [3] - Popular has exceeded consensus revenue estimates two times in the last four quarters [3] Stock Performance and Outlook - Popular shares have declined approximately 1.3% since the beginning of the year, while the S&P 500 has gained 1.5% [4] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [5] Estimate Revisions and Rankings - Prior to the earnings release, the estimate revisions trend for Popular was unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] - The current consensus EPS estimate for the upcoming quarter is $3.08 on revenues of $804 million, and for the current fiscal year, it is $13.65 on revenues of $3.37 billion [8] Industry Context - The Zacks Industry Rank for Banks - Southeast is currently in the top 22% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [9] - Another company in the same industry, TowneBank (TOWN), is expected to report quarterly earnings of $0.72 per share, reflecting a year-over-year change of +30.9% [10]

Financial Performance - Net income for Q4 2025 was $233.9 million, up from $211.3 million in Q3 2025, representing a 10.9% increase[1][2] - Adjusted net income for Q4 2025 was $224.2 million, excluding a partial reversal of the FDIC special assessment reserve of $9.7 million[1][12] - Earnings per share (EPS) increased to $3.53 in Q4 2025 from $3.15 in Q3 2025, reflecting a 12.1% growth[1][5] - Basic EPS for Q4 2025 increased to $3.53 from $3.15 in Q3 2025, and $2.51 in Q4 2024, representing a year-over-year growth of 40.6%[56] - Net income for the fourth quarter of 2025 was reported at $233.90 million, compared to $211.31 million in the same quarter last year, representing a year-over-year increase of 10.7%[59] Interest Income and Margin - Net interest income rose to $657.6 million in Q4 2025, an increase of $11.0 million compared to Q3 2025, driven by lower interest expenses and loan growth[1][16] - Total interest income for Q4 2025 was $955.49 million, a decrease of $11.16 million from Q3 2025, but an increase of $35.72 million compared to Q4 2024[58] - Net interest margin improved to 3.61% in Q4 2025, up from 3.51% in Q3 2025, indicating enhanced profitability on interest-earning assets[1][16] - The net interest margin on a taxable equivalent basis increased to 4.03% from 3.90%, reflecting a 0.13% improvement[61] - The net interest margin on a taxable equivalent basis improved to 4.03% in Q4 2025 from 3.62% in Q4 2024, an increase of 0.41%[63] Loan Portfolio - Total loans held-in-portfolio increased by $640.4 million to $39.3 billion from Q3 2025, with average quarterly loan balances up by $397.2 million[1][16] - Loans held-in-portfolio increased to $39.75 billion, an increase of $2.23 billion compared to the previous year[60] - Total loans increased to $733,464 million in Q4 2025 from $689,684 million in Q4 2024, representing a growth of $43,780 million[63] - Total loans held-in-portfolio increased to $39,327,518 thousand, a growth of $640,360 thousand or 1.66% from Q3 2025, and up $2,219,866 thousand or 5.98% from Q4 2024[70] Non-Performing Loans and Credit Losses - Non-performing loans (NPLs) decreased by $3.9 million from Q3 2025, with the NPLs to loans ratio improving to 1.27%[1][16] - Total non-performing loans decreased by $3.9 million to $498.3 million, with a non-performing loans to total loans ratio of 1.27%[34] - The allowance for credit losses (ACL) increased to $808.1 million, with an ACL to loans ratio of 2.05%[37] - Total non-performing assets decreased to $540,776 thousand, down from $545,152 thousand in the previous quarter[81] - New non-performing loans for the quarter ended December 31, 2025, amounted to $21,800 thousand, while non-performing loans charged-off totaled $3,044 thousand[83] Deposits and Liabilities - Deposits totaled $66.2 billion, a decrease of $323.3 million from Q3 2025, primarily due to a reduction in public deposits[1][16] - Total liabilities increased by $149.1 million from the third quarter of 2025, driven by higher unsettled U.S. Treasury securities purchases[45] - Total deposits decreased slightly to $66.19 billion, down by $323.31 million from the previous quarter[60] - Total liabilities increased to $69.10 billion, reflecting a rise of $149.06 million from the previous quarter[60] Stockholders' Equity - The Common Equity Tier 1 ratio stood at 15.72%, with tangible book value per share increasing to $82.65, up $3.53 from Q3 2025[1][4] - Stockholders' equity increased by $133.4 million compared to the third quarter of 2025, primarily due to net income of $233.9 million for the quarter[45] - Total stockholders' equity increased to $6,249,079 thousand as of December 31, 2025, up from $6,115,672 thousand in the previous quarter[95] - Total tangible common equity rose to $5,431,906 thousand, compared to $5,298,115 thousand in the prior quarter[95] Operating Expenses and Tax Rate - Operating expenses totaled $473.2 million, a decrease of $22.1 million compared to the previous quarter, excluding a partial reversal of the FDIC special assessment[26] - The effective tax rate for Q4 2025 was 16.0%, up from 14.5% in the previous quarter, with an adjusted effective tax rate of 17.8%[31] Market Capitalization - Market capitalization as of December 31, 2025, was $8.183 billion, down from $8.645 billion at the end of Q3 2025, but up from $6.597 billion at the end of Q4 2024[56]

Core Insights - Hims & Hers Health Inc (NYSE:HIMS) shares have increased by 3.4%, trading at $30.60, despite a significant nine-month deficit of 47.3% [1] - The stock has faced downward pressure since December, with the 20-day moving average limiting any potential rallies [1] Options Activity - The company has gained attention for its weight-loss drug prescriptions, appearing on a list of S&P 400 names with high options volume, with 720,590 calls and 423,949 puts traded in the last 10 days [3] - The most active options contract was the January 16, 2026, 30-strike put [3] Market Sentiment - Options traders have shown increased bullish sentiment, reflected in HIMS' 50-day call/put volume ratio of 3.11, which is the highest compared to the past year [6] - The Schaeffer's Volatility Index (SVI) for HIMS is at 65%, ranking in the 7th percentile of annual readings, indicating low volatility expectations [7] - HIMS' Schaeffer's Volatility Scorecard (SVS) is 83 out of 100, suggesting that the stock has historically experienced higher volatility than what options pricing indicates [7]

Core Insights - The Robinhood Investor Index reveals the sectors and specific stocks that investors are focusing on as they enter 2026, highlighting trends in institutional and retail investment behavior [1][2]. Group 1: Top Stocks and Sectors - Nvidia (NVDA) is identified as a leading investment opportunity, particularly in the large-cap electronic technology sector, due to its strong position in the AI ecosystem with its GPUs and CUDA software [3][4]. - Amazon (AMZN) ranks highly among retail stocks, showcasing its diverse operations beyond e-commerce and cloud computing, including streaming, advertising, and robotics, which positions it well for growth amid economic challenges [6][7][8]. - Tesla (TSLA) remains popular among retail investors despite facing declining sales in its EV business, attributed to increased competition and brand challenges; its stock is characterized by high volatility and speculative interest [9][10][12]. - Apple (AAPL) is viewed as a stable investment in the technology sector, leveraging its large customer base for consistent profitability, making it a reliable choice for investors seeking safety [13][15]. - Ford (F) is highlighted for its attractive dividend yield of 4.5% and a low forward P/E ratio of 9, appealing to value investors looking for passive income and reasonable pricing [16][17].

Palantir Technologies - Palantir Technologies has seen its shares increase by 128% over the past year, but analysts believe the stock is overvalued, with a target price implying a 57% downside from its current price of $166 [1][8] - The company specializes in analytics platforms for commercial organizations and government agencies, boasting high retention rates due to custom workflows and a unique decision-making framework called ontology [4] - Palantir's AI platform enables clients to integrate large language models into their analytics applications, enhancing decision-making capabilities [5] - Revenue growth has accelerated for nine consecutive quarters, with Palantir noted for having the best growth and profitability in public company software [6] - Despite strong fundamentals, Palantir's shares trade at 101 times sales, the highest price-to-sales ratio in the S&P 500, raising concerns about future performance [6][7] Sandisk - Sandisk shares have increased by 1,280% over the past year, but analysts predict a 53% downside from its current price of $503.44, with a target price set at $235 [1][8] - The company designs and manufactures NAND flash-based data storage devices and benefits from a partnership with Kioxia, allowing for cost efficiencies in capital expenditures and R&D [9][10] - Sandisk has gained market share in the NAND flash market and is experiencing increased demand due to AI infrastructure, which has led to a supply shortage and price increases [11][12] - Despite projected earnings growth of 79% annually through June 2029, the current valuation of 205 times earnings is considered expensive, raising concerns about potential declines in share value [13][14]

Group 1: Palantir Technologies - Palantir develops AI software for data organization and analysis, with its U.S. commercial segment being the fastest-growing business [3] - An analyst at RBC Capital has set Palantir's share price target at $50, indicating a potential 70% drop from its latest closing price of nearly $171 [4] - Palantir's current valuation is extremely high, trading at 169 times its projected earnings for the next year, which raises skepticism among investors [6] - To justify its valuation, Palantir would need to maintain triple-digit percentage growth for many years, which is considered unlikely [7] Group 2: Intel - Intel's stock performance in 2025 marked a turnaround from 2024, driven by increased demand for its central processing units amid the AI boom [9] - An analyst at Morgan Stanley has set Intel's bear-case share price target at $19, suggesting a 60% decline from its latest price around $47 per share [9] - Intel faces challenges in its chip manufacturing business, lagging behind industry leader Taiwan Semiconductor Manufacturing (TSMC) due to delays and increased costs [10] - For sustained success, Intel needs to improve its manufacturing technology and compete at a level similar to Samsung, but it has not shown significant progress in this area [11]

Core Insights - The third annual Humanoid Robot Forum will be part of Automate 2026, North America's largest robotics and automation trade show, scheduled for June 22-25 at McCormick Place, Chicago [1][2] - A dedicated Humanoid Robot Pavilion, sponsored by NVIDIA, will be introduced at the event, highlighting the growing interest in humanoid robotics within the automation ecosystem [2][4] Event Details - The Humanoid Robot Forum will be a separate, paid conference co-located at Automate, taking place on Tuesday and Wednesday afternoons, focusing on humanoid robot development, deployment, and enabling technologies [3] - The Humanoid Robot Pavilion will be free to attend for all Automate show attendees, featuring demonstrations and a theater for exhibitors to present their products [4] Attendance and Participation - Automate 2026 is expected to attract over 50,000 automation professionals from various sectors, including manufacturing, logistics, healthcare, and energy, as well as the general public [5] - The event aims to provide attendees with insights into the current state of humanoid robotics, the challenges that remain, and potential real-world applications [2]