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BPOP · NasdaqState Commercial Banks · Fiscal year ends Dec 31
Net income was $833M. Operating cash flow of $878M less capital expenditure of $197M left free cash flow of $681M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Net interest incomeBanks | $2B | $2.2B | $2.1B | $2.3B | $2.5B |
| Interest expense | $165M | $299M | $1.1B | $1.4B | $1.2B |
| Pre-tax income | $1.2B | $1.2B | $676M | $797M | $1B |
| Income tax | $309M | $132M | $134M | $182M | $174M |
| Net income | $935M | $1.1B | $541M | $614M | $833M |
| Diluted EPS | 11.46 | 14.63 | 7.52 | 8.56 | 12.30 |
| Diluted shares | 81M | 75M | 72M | 72M | 68M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $435M | $476M | $428M | $429M | $413M |
| Net PP&E | $494M | $499M | $565M | $602M | $686M |
| Goodwill | $720M | $827M | $804M | $803M | $790M |
| Total assets | $75.1B | $67.6B | $70.8B | $73B | $75.3B |
| DepositsBanks | $67B | $61.2B | $63.6B | $64.9B | $66.2B |
| Total liabilities | $69.1B | $63.5B | $65.6B | $67.4B | $69.1B |
| Shareholders' equity | $6B | $4.1B | $5.1B | $5.6B | $6.2B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1B | $1B | $687M | $675M | $878M |
| Capital expenditure | $73M | $104M | $208M | $213M | $197M |
| Free cash flow | $932M | $911M | $479M | $461M | $681M |
| Depreciation & amortisation | $55M | $55M | $59M | $57M | $53M |
| Acquisitions | $156M | $0 | $0 | – | – |
| Share buybacks | – | – | – | $217M | – |
| Dividends paid | $141M | $162M | $160M | $180M | $198M |
| Dividend per share | 0.45 | 2.20 | 2.27 | 2.56 | 2.90 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| EPS growth (YoY) | – | 27.7% | −48.6% | 13.8% | 43.7% |
| Return on equityBlank when equity is negative | 15.7% | 26.9% | 10.5% | 10.9% | 13.3% |
| Cash conversion (CFO ÷ net income) | 1.08x | 0.92x | 1.27x | 1.10x | 1.05x |
Recent filings
More in State Commercial Banks
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.