What is Popular's BPPR — technology and software expenses?

Popular (BPOP) reported BPPR — technology and software expenses of $67.35M in Q2 2026.

What does BPPR — technology and software expenses mean?

This metric tracks the costs related to maintaining, developing, and licensing the technology infrastructure and software platforms used by the Banco Popular de Puerto Rico segment. It reflects the segment's investment in digital banking capabilities and operational automation. Higher spending in this area often indicates a strategic focus on digital transformation and improving customer experience.

Popular (BPOP) BPPR — Technology and software expenses

Screener

Other segment segments

Popular Bank

$11.01M—

Similar metrics at other companies

NEWTBanking — Technology expense

$1.42M+19.1%

NEWTNSBF — Technology expense

$278K-1.8%

NEWTPayments — Technology expense

$99K-44.7%

SLMReportable Segment — Technology expenses

$21.23M+15.7%

OFGBanking — Information technology expenses

$7.07M+6.5%

OFGTreasury — Information technology expenses

$1K—

Other financials

Income statement

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Revenue$874.0M+9.2%

Net income$278.2M+32.2%

EPS (diluted)$4.35+40.8%

Balance sheet

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Cash & equivalents$375.0M-8.8%

Total debt$2.3B+9.1%

Total equity$6.4B+8.0%

Total assets$79.0B+3.8%

Cash flow

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Operating cash flow$347.1M+42.9%

CapEx$57.1M+27.8%

Free cash flow$290.0M+46.3%

Valuation

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Market cap$11.12B+42.3%

Enterprise value$13.01B+37.2%

P/E11.5×+0.6×

P/S3.3×+0.8×

Profitability

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Net margin28.9%+5.3pp

FCF margin24.1%+3.3pp

Returns & leverage

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Return on equity15.6%+2.9pp

Debt / equity0.4×0.0×

Where this comes from

Reported directly by Popular in its filing.

Tagged under the XBRL concept us-gaap:InformationTechnologyAndDataProcessing.

The source filing: Popular’s 10-Q, filed August 7, 2026.

Filed: Aug 7, 2026, 4:14 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0000763901-26-000019

(In thousands)	BPPR	Popular U.S.	Intersegment Eliminations
Non-interest income	155,700	7,296	(22)
Personnel costs	165,537	27,461	(22)
Professional fees	14,075	1,751	-
Technology and software expenses	67,349	11,008	-
Processing and transactional services	36,695	533	-
Amortization of intangibles	239	145	-
Depreciation expense	11,886	2,146	-
Other operating expenses [1]	122,034	23,697	-

Item 1. Financial Statements

FAQ

What is Popular's BPPR — technology and software expenses?: Popular (BPOP) reported BPPR — technology and software expenses of $67.35M in Q2 2026.
What does BPPR — technology and software expenses mean?: This metric tracks the costs related to maintaining, developing, and licensing the technology infrastructure and software platforms used by the Banco Popular de Puerto Rico segment. It reflects the segment's investment in digital banking capabilities and operational automation. Higher spending in this area often indicates a strategic focus on digital transformation and improving customer experience.