secwatch.observer — SEC 8-K summary
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Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001193125-23-014744
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312523014744/0001193125-23-014744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312523014744/d398344d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-014744

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