Popular stock rises 28% on strong profits and asset strategies, but watch rising non-performing assets.

Popular's shares surged 28% following operational improvements and asset repricing strategies. The bank's deposit growth is organic, with brokered deposits down to 1.5%, and its loan portfolio remains diversified and mostly fixed-rate. Net profits increased 38.5% year-over-year in Q1 2026, with a forward price-to-earnings ratio potentially dropping to 9.9 if growth continues. However, non-performing assets rose to 1.17%, which investors should monitor closely.