---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-204191"
form_type: "8-K"
ticker: "BPOP"
cik: "0000763901"
company_name: "POPULAR, INC."
filed_at: "2022-07-28T23:59:59+00:00"
generated_at: "2026-06-24T07:47:48.490659+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Popular Q2 net income $211.4M flat QoQ; net interest margin expands 34 bps to 3.09%

## Summary
- Net income $211.4M ($2.77 diluted EPS) vs $211.7M ($2.69) in Q1 2022; revenue up on higher NII and non-interest income.
- Net interest margin rose 34 bps to 3.09% (taxable-equivalent 3.45%) driven by higher rates and loan growth.
- Completed Evertec channel acquisition on July 1, 2022; paid with 4.59M Evertec shares valued at $169M, recording ~$112M after-tax gain.
- Completed $400M accelerated share repurchase on July 12, 2022, buying back 5.07M shares at $78.94 average.
- Credit quality improved: NPLs fell $42M to 1.57% of loans; net charge-offs low at 0.08% annualized; ACL coverage 142.7% of NPLs.

## SEC filing metadata
- accession: 0001193125-22-204191
- form_type: 8-K
- ticker: BPOP
- cik: 0000763901
- company_name: POPULAR, INC.
- filed_at: 2022-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763901/000119312522204191/0001193125-22-204191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763901/000119312522204191/d203637d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-204191
- JSON: https://secwatch.observer/filing/0001193125-22-204191.json
- Plain text: https://secwatch.observer/filing/0001193125-22-204191.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.