secwatch.observer — SEC 8-K summary
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Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001193125-25-090009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312525090009/0001193125-25-090009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312525090009/d937193d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-090009

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