---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-090009"
form_type: "8-K"
ticker: "BPOP"
cik: "0000763901"
company_name: "POPULAR, INC."
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:36:21.950867+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Popular Q1 net income $177.5M, EPS $2.56; CEO Alvarez to step down June 30

## Summary
- Net income $177.5M, flat vs Q4; diluted EPS $2.56 vs $2.51.
- Net interest income $605.6M (+$14.8M QoQ); NIM 3.40%, tax-equivalent 3.73%.
- Non-performing loans down $36.7M; net charge-off ratio improved to 0.53% annualized.
- Deposits grew $934.9M to $65.8B; loans up $146.4M to $37.3B.
- CEO Ignacio Alvarez to retire June 30, 2025; successor Javier named.

## SEC filing metadata
- accession: 0001193125-25-090009
- form_type: 8-K
- ticker: BPOP
- cik: 0000763901
- company_name: POPULAR, INC.
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763901/000119312525090009/0001193125-25-090009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763901/000119312525090009/d937193d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-090009
- JSON: https://secwatch.observer/filing/0001193125-25-090009.json
- Plain text: https://secwatch.observer/filing/0001193125-25-090009.txt

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