Popular Inc raises return on tangible common equity target to 14%-17% while projecting stronger net interest income growth for 2026.
Popular Inc (BPOP) updated its 2026 financial outlook, projecting net interest income growth of 8%-9%, up from prior guidance. The bank also raised its return on tangible common equity (ROTCE) target to 14%-17%, reflecting improved profitability expectations.
Management cited favorable macroeconomic conditions and strong loan performance as key drivers. The revised targets follow a solid Q2 2026 performance, though specific quarterly figures were not disclosed in the call.
The announcement comes alongside CEO Javier Ferrer-Fernández’s retirement, effective at the end of August, with no immediate market reaction reported.