What changed
Popular recognized an additional $38 million provision for credit losses for the quarter ended September 30, 2026, tied to a quick service restaurant borrower that ceased operations and filed for Chapter 11 bankruptcy. Net income fell to $242.4 million from $266.3 million as issued, and diluted EPS dropped to $3.83 from $4.21. The allowance for credit losses rose to $808.8 million from $770.7 million, and the company expects an additional charge-off in the fourth quarter of 2026.
Why it matters
Popular recognized an additional $38 million provision for credit losses for the quarter ended September 30, 2026, tied to a quick service restaurant borrower that ceased operations and filed for Chap
← Dashboard
Nov 09, 2026 07:59 PM ET