---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-105952"
form_type: "8-K"
ticker: "BPOP"
cik: "0000763901"
company_name: "POPULAR, INC."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:56:21.597530+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Popular Q1 net income $103.3M, EPS $1.43; NII rises 3% QoQ, NIM widens 8bps

## Summary
- GAAP net income $103.3M ($1.43 diluted EPS), up from $94.6M ($1.31) in Q4; adjusted net income $135.2M.
- Net interest income $550.7M (+3.1% QoQ); net interest margin 3.16% (up 8 bps).
- Operating expenses $483.1M, down $48M QoQ, includes $14.3M FDIC special assessment; ex-items up $2.7M.
- Credit stable: NPL ratio 1.0%, NCO ratio 0.71%, ACL ratio 2.11% (all vs prior).
- CET1 ratio 16.36%, tangible book value $60.06/share; deposits grew $190.5M ending balance.

## SEC filing metadata
- accession: 0001193125-24-105952
- form_type: 8-K
- ticker: BPOP
- cik: 0000763901
- company_name: POPULAR, INC.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763901/000119312524105952/0001193125-24-105952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763901/000119312524105952/d830538d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-105952
- JSON: https://secwatch.observer/filing/0001193125-24-105952.json
- Plain text: https://secwatch.observer/filing/0001193125-24-105952.txt

## Key facts
- Earnings Releases
  POPULAR, INC. reported Q1 2024 results: net income $103.3 million, EPS $1.43.
  - Period: Q1 2024
  - Net income: $103.3 million
  - EPS: $1.43
  - Result: reported results
  source text: Popular, Inc. Announces First Quarter 2024 Financial Results • Net income of $103.3 million in Q1 2024, compared to net income of $94.6 million in Q4 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/763901/000119312524105952/0001193125-24-105952-index.htm

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