secwatch.observer — SEC 8-K summary
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Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001193125-24-014836
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Popular Q4 net income $94.6M; adjusted $139.9M; dividend up 13% to $0.62
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- Q4 2023 net income $94.6M ($1.31 EPS) vs Q3 $136.6M ($1.90 EPS); adjusted $139.9M excluding FDIC special assessment.
- FY 2023 net income $541.3M ($7.53 EPS) vs FY 2022 $1.1B ($14.65 EPS); adjusted $586.6M.
- Net interest income $534.2M flat QoQ; NIM 3.08% stable; loans grew $1.0B, deposits up $280.6M in quarter.
- NPL ratio improved to 1.0% from 1.1%; NCOs annualized 0.66% vs 0.39%; ACL to loans 2.08%.
- Quarterly dividend increased 13% to $0.62/sh from $0.55; CET1 ratio 16.3%; tangible book value $59.74.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312524014836/0001193125-24-014836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312524014836/d730513d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-014836

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