secwatch.observer — SEC 8-K summary
======================================

Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001193125-22-269056
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Popular Q3 net income $422.4M includes $226.6M Evertec gain; core $195.8M
-------------------------------------------------------------------------

- Net income $422.4M ($5.71 basic EPS) vs Q2 $211.4M; adjusted net income $195.8M excluding Evertec gain.
- Net interest margin expanded to 3.32% from 3.09% QoQ; taxable-equivalent NIM 3.71%.
- NPL ratio improved to 1.4% from 1.6%; net charge-offs annualized 0.24% vs 0.08% Q2.
- CET1 ratio 16.04%; tangible book value per share $38.69 at September 30, 2022.
- Completed $400M ASR; new $231M ASR entered; transferred $6.5B securities from AFS to HTM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312522269056/0001193125-22-269056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312522269056/d390418d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-269056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer