secwatch.observer — SEC 8-K summary
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Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001193125-23-263554
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Popular, Inc. reports Q3 net income of $136.6M, includes $16.4M goodwill impairment
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- Net income $136.6M vs $151.2M Q2; includes $16.4M after-tax goodwill impairment in equipment leasing unit.
- Net interest income $534.0M, up $2.4M; NIM 3.07% (3.24% taxable-equivalent basis).
- Non-performing loans decreased $24.0M; NCOs increased $8.7M; ACL to loans 2.09%.
- Loans increased $998.4M; deposits decreased $667.2M; CET1 ratio 16.81%.
- CEO notes strong Puerto Rico economic activity; crossed 2 million unique customers milestone.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312523263554/0001193125-23-263554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312523263554/d922025d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-263554

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