{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-116885","form_type":"8-K","ticker":"BPOP","cik":"0000763901","company_name":"POPULAR, INC.","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.181534+00:00","generated_at":"2026-06-16T14:30:46.222411+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Popular Q1 net income $159.0M, down 38% from Q4; NIM 3.22%; $400M notes issued","bullets":["Net income $159.0M, down from $257.1M in Q4 (which included $68.2M tax benefit); diluted EPS $2.22 vs $3.56.","Net interest margin 3.22% (taxable equivalent 3.46%), down from 3.28% (3.64%) in Q4 2022.","NPLs decreased $27.1M to 1.3% of loans; NCOs annualized 0.41% vs 0.39%; ACL coverage 2.13%.","Loans increased $260.6M, deposits decreased $273.3M; total borrowings flat at $1.4B.","Issued $400M 7.25% Senior Notes due 2028; intends to redeem $300M 6.125% notes due Sep 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-116885","json":"https://secwatch.observer/filing/0001193125-23-116885.json","markdown":"https://secwatch.observer/filing/0001193125-23-116885.md","text":"https://secwatch.observer/filing/0001193125-23-116885.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763901/000119312523116885/0001193125-23-116885-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763901/000119312523116885/d461985d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T14:30:46.222411+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"42bb068bb8e0c23527381193a4729aefac9ddf32","claim":"POPULAR, INC. reported the quarter ended March 31, 2023 results: net income $159.0 million, EPS $2.22 per diluted share.","evidence_excerpt":"Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $159.0 million for the quarter ended March 31, 2023, compared to net income of $257.1 million for the quarter ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/763901/000119312523116885/0001193125-23-116885-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Net income","value":"$159.0 million"},{"label":"EPS","value":"$2.22 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}