secwatch.observer — SEC 8-K summary
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Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0001193125-25-247648
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Popular posts Q3 net income $211.3M, EPS $3.15; NPLs surge $190.6M
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- Net income of $211.3M ($3.15 EPS) vs $210.4M ($3.09 EPS) in Q2 2025; net interest income up $15M to $646.5M.
- Non-performing loans surged $190.6M to 1.30% of loans, driven by two large commercial loans totaling $188.4M.
- Net charge-offs increased $15.6M to 0.60% annualized; ACL to NPLs dropped to 156.6% from 246.9%.
- Common dividend raised to $0.75 per share from $0.70; bought back 1,000,862 shares for $119.4M at avg $119.33.
- Deposits down $704M to $66.5B, led by $842M decline in P.R. public deposits; loans grew $502M to $38.7B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312525247648/0001193125-25-247648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312525247648/d54747d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-247648

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