---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-241434"
form_type: "8-K"
ticker: "BPOP"
cik: "0000763901"
company_name: "POPULAR, INC."
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:17:18.175765+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Popular Q3 net income falls to $155M on higher provision; EPS $2.16 vs $2.46 Q2

## Summary
- Net income $155.3M, down from $177.8M Q2; diluted EPS $2.16 vs $2.46.
- Net interest income $572.5M (+$4.2M QoQ); net interest margin 3.24% vs 3.22%.
- Provision for credit losses $71.4M, up 53% from $46.8M Q2, partly due to 2% loan growth.
- Loans held-in-portfolio $36.2B (+$603M QoQ); deposits $63.7B (-$1.9B).
- Repurchased 599K shares for $58.8M; CET1 ratio 16.42%; tangible book $69.04 (+$6.33).

## SEC filing metadata
- accession: 0001193125-24-241434
- form_type: 8-K
- ticker: BPOP
- cik: 0000763901
- company_name: POPULAR, INC.
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763901/000119312524241434/0001193125-24-241434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763901/000119312524241434/d846230d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-241434
- JSON: https://secwatch.observer/filing/0001193125-24-241434.json
- Plain text: https://secwatch.observer/filing/0001193125-24-241434.txt

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