---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-014744"
form_type: "8-K"
ticker: "BPOP"
cik: "0000763901"
company_name: "POPULAR, INC."
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T10:05:35.663903+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Popular Q4 net income $257.1M; full-year 2022 record $1.1B; transfers $6.5B to HTM

## Summary
- Net income $257.1M in Q4 vs $422.4M Q3; included $68.2M tax benefit from partial DTA release.
- Full-year 2022 net income $1.1B vs $934.9M 2021; diluted EPS $14.63 vs $11.46.
- Net interest margin 3.28% (3.64% taxable equivalent) vs 3.32% Q3; NCOs annualized 0.39% vs 0.24%.
- Transferred $6.5B fair value U.S. Treasury securities from AFS to HTM; $873M unrealized loss in AOCI.
- Completed ASR for 3.18M shares at avg $72.66; quarterly dividend raised to $0.55 per share.

## SEC filing metadata
- accession: 0001193125-23-014744
- form_type: 8-K
- ticker: BPOP
- cik: 0000763901
- company_name: POPULAR, INC.
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/763901/000119312523014744/0001193125-23-014744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763901/000119312523014744/d398344d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-014744
- JSON: https://secwatch.observer/filing/0001193125-23-014744.json
- Plain text: https://secwatch.observer/filing/0001193125-23-014744.txt

## Key facts
- Earnings Releases
  POPULAR, INC. reported the year 2022 results: net income $1.1 billion.
  - Period: the year 2022
  - Net income: $1.1 billion
  - Result: reported results
  source text: Net income of $1.1 billion for the year 2022, compared to net income of $934.9 million for the year 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/763901/000119312523014744/0001193125-23-014744-index.htm
- Earnings Releases
  POPULAR, INC. reported the quarter ended December 31, 2022 results: net income $257.1 million.
  - Period: the quarter ended December 31, 2022
  - Net income: $257.1 million
  - Result: reported results
  source text: Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $257.1 million for the quarter ended December 31, 2022, compared to net income of $422.4 million for the quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/763901/000119312523014744/0001193125-23-014744-index.htm

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