Ignacio Alvarez
On February 25, 2025, Ignacio Alvarez announced his retirement as Chief Executive Officer (“CEO”) of Popular, Inc. (“Popular” or the “Corporation”), effective June 30, 2025 (the “Retirement Date”).
Highest-materiality recent filing
Popular Inc. reports Evertec data breach affecting BPPR customer debit card info
On May 15, 2026, Evertec notified Popular of a cyber incident involving BPPR customer personal information, including debit card numbers.
Shareholders approved amendments to Restated Certificate of Incorporation: modernize indemnification (53.3M for, 445K against) and add director/officer exculpation (52.4M for, 1.3M against).
Popular, Inc. declares quarterly cash dividend of $0.75 per common share
Quarterly cash dividend of $0.75 per share on outstanding common stock approved by Board.
Popular Q1 2026 net income $245.7M ($3.78 EPS), NIM expands to 3.66%
Net income $245.7M vs $233.9M in Q4 2025; EPS $3.78 vs $3.53; YoY net income up 38%.
Popular Inc. appoints Velasco as Head of U.S. Ops, Chinea to CX role effective July 1
Israel Velasco appointed EVP and Head of U.S. Operations of Popular Bank, effective July 1, 2026, succeeding Manuel A. Chinea.
Myrna M. Soto will not stand for re-election to Popular, Inc. board; board size reduced to 11
Myrna M. Soto will not stand for re-election at the 2026 Annual Meeting on May 8, 2026.
Popular, Inc. declares quarterly cash dividend of $0.75 per share
Quarterly cash dividend of $0.75 per common share approved by Board of Directors.
Popular Q4 net income $233.9M ($3.53 EPS), up from $211.3M; full year net income up 36% to $833.2M
Net income Q4 $233.9M, EPS $3.53 (vs Q3 $211.3M / $3.15); net interest margin expanded to 3.61%.
Popular Inc. declares $0.75 quarterly cash dividend on common stock
Quarterly cash dividend of $0.75 per common share approved by Board of Directors.
Popular posts Q3 net income $211.3M, EPS $3.15; NPLs surge $190.6M
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.
Popular Inc. declares $0.75 quarterly cash dividend payable Oct 1, 2025
Dividend of $0.75 per common share declared by Board of Directors.
Net income $210.4M ($3.09 EPS) vs $177.5M ($2.56) in Q1 2025; net interest income up $25.9M to $631.5M.
Popular Inc. raises quarterly dividend to $0.75 and authorizes $500M buyback
Quarterly dividend increased from $0.70 to $0.75 per share, starting Q4 2025 (board approval pending).
Popular Inc. appoints Javier D. Ferrer as President and CEO effective July 1, 2025
Javier D. Ferrer appointed as director and President & CEO of Popular, Inc., effective July 1, 2025.
Popular Inc. shareholders elect all 11 director nominees, approve say-on-pay, ratify PwC as auditor
All 11 director nominees elected at May 8, 2025 annual meeting: Ballester (56.9M for), Carrión (57.4M), DeVita (58.0M).
Popular, Inc. declares $0.70 quarterly cash dividend payable July 1, 2025
Quarterly cash dividend of $0.70 per common share approved by Board of Directors.
Popular Q1 net income $177.5M, EPS $2.56; CEO Alvarez to step down June 30
Net income $177.5M, flat vs Q4; diluted EPS $2.56 vs $2.51.
CEO Ignacio Alvarez retires effective June 30, 2025; will provide consulting for 6 months at $47k/month.
Popular Inc. declares $0.70 quarterly cash dividend; payable April 1, 2025
Board approved a quarterly cash dividend of $0.70 per common share.
Popular Q4 net income $177.8M, EPS $2.51; NIM expands to 3.35%
Net income $177.8M in Q4 2024 vs $155.3M in Q3 2024; diluted EPS $2.51 vs $2.16.
Popular, Inc. declares $0.70 quarterly dividend; payable Jan 2, 2025
Quarterly cash dividend of $0.70 per common share declared.
Popular Q3 net income falls to $155M on higher provision; EPS $2.16 vs $2.46 Q2
Net income $155.3M, down from $177.8M Q2; diluted EPS $2.16 vs $2.46.
Popular declares $0.62 quarterly common dividend for Q3 2024
Quarterly cash dividend of $0.62 per common share approved by Board.
Popular Q2 net income $177.8M, EPS $2.47; announces $500M buyback and 13% dividend hike
Net income $177.8M ($2.47 diluted EPS) vs Q1 $103.3M; adjusted net income up $42.6M ex-FDIC charge.
Popular appoints Javier D. Ferrer as President; bylaw amendments separate CEO/President roles
Javier D. Ferrer appointed President of Popular and subsidiaries; retains COO role effective May 9, 2024.
Popular Inc. declares $0.62 quarterly dividend, payable July 1, 2024
Quarterly cash dividend of $0.62 per common share declared.
Popular Q1 net income $103.3M, EPS $1.43; NII rises 3% QoQ, NIM widens 8bps
GAAP net income $103.3M ($1.43 diluted EPS), up from $94.6M ($1.31) in Q4; adjusted net income $135.2M.
Popular, Inc. declares $0.62 quarterly cash dividend
Quarterly cash dividend of $0.62 per common share approved by Board.
Popular Q4 net income $94.6M; adjusted $139.9M; dividend up 13% to $0.62
Q4 2023 net income $94.6M ($1.31 EPS) vs Q3 $136.6M ($1.90 EPS); adjusted $139.9M excluding FDIC special assessment.
Director Joaquín E. Bacardí, III not to stand for re-election at Popular's 2024 annual meeting
Bacardí's term expires at the 2024 Annual Meeting of Shareholders scheduled for May 9, 2024.
Popular CFO Carlos Vázquez to retire March 31, 2024; Jorge García named successor
Carlos Vázquez retires as EVP & CFO effective March 31, 2024, after serving since 2013.
Popular, Inc. raises quarterly dividend to $0.62/share, a 13% increase from $0.55
Board approved $0.62 per share quarterly cash dividend, up $0.07 from prior $0.55 dividend.
Popular, Inc. reports Q3 net income of $136.6M, includes $16.4M goodwill impairment
Net income $136.6M vs $151.2M Q2; includes $16.4M after-tax goodwill impairment in equipment leasing unit.
Popular, Inc. adopts amended by-laws, adding universal proxy rule compliance provisions
Bylaws amended to comply with SEC universal proxy rules, requiring stockholder certification 5 business days before meeting.
Popular, Inc. declares $0.55 quarterly common dividend, payable Oct 2, 2023
Board approved quarterly cash dividend of $0.55 per common share.
Popular Q2 2023 net income $151.2M, down 5% QoQ; NIM narrows to 3.14%
Net income $151.2M ($2.10 diluted EPS) vs $159.0M ($2.22) in Q1 2023; net interest income stable at $531.7M.
Popular, Inc. to redeem all $300M of 6.125% Senior Notes due 2023 on Aug 14
Popular, Inc. will redeem all $300 million of its 6.125% Senior Notes due 2023 on August 14, 2023.
Popular Inc. shareholders elect 13 directors, approve say-on-pay and auditor ratification
All 13 director nominees elected with average 97% support on votes cast; broker non-votes of 5,095,619.
Popular declares $0.55/share quarterly dividend, payable July 3, 2023
Quarterly cash dividend of $0.55 per common share approved by Board.
Popular Q1 net income $159.0M, down 38% from Q4; NIM 3.22%; $400M notes issued
Net income $159.0M, down from $257.1M in Q4 (which included $68.2M tax benefit); diluted EPS $2.22 vs $3.56.
$400M 7.25% Senior Notes due 2028 issued; proceeds to redeem $300M maturing 6.125% notes
Issued $400M aggregate principal of 7.25% Senior Notes due March 13, 2028.
Popular, Inc. prices $400M of 7.25% Senior Notes due 2028 to refinance debt
$400M aggregate principal of 7.25% Senior Notes due March 13, 2028; interest payable March 13 and Sept 13.
Popular, Inc. declares $0.55 quarterly dividend payable April 3, 2023
Quarterly cash dividend of $0.55 per common share approved by Board.
Popular Q4 net income $257.1M; full-year 2022 record $1.1B; transfers $6.5B to HTM
Net income $257.1M in Q4 vs $422.4M Q3; included $68.2M tax benefit from partial DTA release.
Popular, Inc. declares $0.55 per share quarterly common dividend
Quarterly cash dividend of $0.55 per share on outstanding common stock approved by Board of Directors.
Popular Q3 net income $422.4M includes $226.6M Evertec gain; core $195.8M
Net income $422.4M ($5.71 basic EPS) vs Q2 $211.4M; adjusted net income $195.8M excluding Evertec gain.
Popular, Inc. enters $231M accelerated share repurchase agreement
Initial payment of $231M on Aug 26, 2022; receives 2,339,241 shares initially.
Popular declares $0.55 quarterly cash dividend on common stock
Quarterly dividend of $0.55 per common share approved by Board of Directors.
Popular sells remaining 7.1M EVERTEC shares for ~$220M, after-tax gain of $131M
Sold 7,065,634 EVERTEC shares: 6,262,293 in public offering, 803,341 private sale to EVERTEC.
Popular Q2 net income $211.4M flat QoQ; net interest margin expands 34 bps to 3.09%
Net income $211.4M ($2.77 diluted EPS) vs $211.7M ($2.69) in Q1 2022; revenue up on higher NII and non-interest income.
On February 25, 2025, Ignacio Alvarez announced his retirement as Chief Executive Officer (“CEO”) of Popular, Inc. (“Popular” or the “Corporation”), effective June 30, 2025 (the “Retirement Date”).
On May 9, 2024, the Board of Directors of Popular, Inc. (“Popular” or the “Corporation”) appointed Javier D. Ferrer as President of Popular, in addition to his current role as Chief Operating Officer (“COO”).
On January 17, 2024, Joaquín E. Bacardí, III informed the Corporate Governance and Nominating Committee of the Board of Directors (the “Board”) of Popular, Inc. (the “Corporation”) of his decision not to stand for re-election to the Corporation’s Board upon the expiration of his current term, which expires at the Corporation’s 2024 Annual Meeting of Shareholders, scheduled for May 9, 2024.
On December 8, 2023, the Corporation appointed Jorge J. García as Executive Vice President and Chief Financial Officer of the Corporation, succeeding Carlos J. Vázquez.
On December 9, 2021, the Talent and Compensation Committee (the “Committee”) of the Board of Directors of Popular, Inc. (the “Corporation”) approved the following compensation adjustments for Javier D. Ferrer, effective December 27, 2021 in connection with Mr. Ferrer’s promotion to Executive Vice President, Chief Operating Officer and Head of Business Strategy of the Corporation:
José R. Coleman Tió was appointed Executive Vice President, Chief Legal Officer and General Counsel of the Corporation
Javier D. Ferrer was appointed Executive Vice President, Chief Operating Officer and Head of Business Strategy of Popular, Inc.
Max materiality 0.80 · Median 0.53 · Most common event dividend