POPULAR, INC.: Amended and Restated By-Laws adopted to align indemnification provisions with the charter amendment, effective upon shareholder approval of the Indemnification Amendment (effective 2026-05-08).
“the Board approved and conditionally adopted the Corporation’s Amended and Restated By-Laws (the “A&R By-laws”) to align the indemnification provisions in the Corporation’s by-laws with the Indemnification Amendment, subject to shareholder approval of the Indemnification Amendment. The A&R By-laws became effective immediately upon the shareholders’ approval of the Indemnification Amendment at the Annual Meeting of Shareholders of the Corporation.”
Governance Changes
POPULAR, INC.: Shareholders approved amendments to the Restated Certificate of Incorporation to modernize indemnification provisions, add director and officer exculpation, and remove outdated director election procedures (effective 2026-05-08).
“On May 8, 2026, at the Annual Meeting of Shareholders of Popular, Inc. (the “Corporation”), the Corporation’s shareholders approved amendments to the Corporation’s Restated Certificate of Incorporation (the “Amendments”): (i) modernizing the indemnification provisions in, and making other clarifying or streamlining changes to, Article TENTH (the “Indemnification Amendment”); (ii) adding a new provision to Article TENTH to provide for the exculpation of directors and officers to the fullest extent permitted by the Puerto Rico General Corporations Law; and (iii) changing Article SEVENTH to remove language relating to the procedures for director elections held prior to 2023, at which time the Corporation’s Board of Directors (the “Board”) became fully declassified and all directors became subject to annual elections.”
Earnings Releases
POPULAR, INC. reported the quarter ended March 31, 2026 results: net income $245.7 million, EPS $3.78.
“unless otherwise expressly stated in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Popular, Inc. Announces First Quarter 2026 Financial Results • Net income of $245.7 million in Q1 2026, compared to net income of $233.9 million in Q4 2025. • Compared to adjusted net income in Q4 2025 of $224.2 million, which excluded a $9.7 million, net of tax,”
Ignacio Alvarez retired as Chief Executive Officer at POPULAR, INC..
“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”).”
Governance Changes
POPULAR, INC.: Amended and restated by-laws to authorize a separate CEO role and make technical changes (effective 2024-05-09).
“On May 9, 2024, the Board of Directors (the “Board”) of the Corporation approved and adopted the Corporation’s amended and restated by-laws (the “Restated By-laws”), which became effective immediately. The Restated By-laws include amendments to provide that the Board may appoint a Chief Executive Officer, whose office may be separate and distinct from the office of the President, and who shall have and may exercise such powers and duties as pertain to such office, or as from time to time may be conferred upon, or assigned to, such person by the Board.”
Shareholder Votes
POPULAR, INC. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-09 meeting.
“Ratified the appointment of PricewaterhouseCoopers LLP as the Corporation’s independent registered public accounting firm for 2024. For Against Abstained Broker Non-Votes 64,033,165 1,430,919 321,365”
Shareholder Votes
POPULAR, INC. shareholders approved Advisory Vote to Approve Executive Compensation ("Say-on-Pay") at the 2024-05-09 meeting.
“Approved, on an advisory basis, the compensation of the Corporation’s Named Executive Officers. For Against Abstained Broker Non-Votes 59,056,767 2,341,815 385,346 4,001,521”
Shareholder Votes
POPULAR, INC. shareholders approved Election of Directors at the 2024-05-09 meeting.
“Elected the following thirteen individuals to serve as directors for a one-year term until the Annual Meeting of Shareholders to be held in 2025 or until their successors are duly elected and qualified: For Against Abstain Broker Non-Vote Ignacio Alvarez 60,889,221 682,966 211,741 4,001,521 Alejandro M. Ballester 60,114,155 1,420,979 248,794 4,001,521 Robert Carrady 60,755,463 773,707 254,758 4,001,521 Richard L. Carrión 60,449,750 1,111,700 222,478 4,001,521 Bertil E. Chappuis 61,431,791 43,550 308,587 4,001,521 Betty DeVita 61,155,841 375,575 252,512 4,001,521 John W. Diercksen 60,630,404 897,799 255,725 4,001,521 María Luisa Ferré Rangel 60,051,182 1,517,504 215,242 4,001,521 C. Kim Goodwin 60,367,271 1,197,092 219,565 4,001,521 José R. Rodríguez 61,141,349 307,958 334,621 4,001,521 Alejandro M. Sánchez 61,130,393 396,281 257,254 4,001,521 Myrna M. Soto 60,327,545 1,180,362 276,021 4,001,521 Carlos A. Unanue 60,384,002 1,171,243 228,683 4,001,521”
Javier D. Ferrer was appointed as President at POPULAR, INC..
“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”).”
Earnings Releases
POPULAR, INC. reported Q1 2024 results: net income $103.3 million, EPS $1.43.
“Popular, Inc. Announces First Quarter 2024 Financial Results • Net income of $103.3 million in Q1 2024, compared to net income of $94.6 million in Q4 2023.”
Earnings Releases
POPULAR, INC. reported the quarter ended December 31, 2023 results: net income $94.6 million.
“Popular, Inc. (the “Corporation”) issued a press release announcing its unaudited financial results for the quarter ended December 31, 2023”
Joaquín E. Bacardí, III departed as Director at POPULAR, INC..
“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.”
Jorge J. García was appointed as Executive Vice President and Chief Financial Officer at POPULAR, INC..
“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.”
Earnings Releases
POPULAR, INC. reported the quarter ended September 30, 2023 results: net income net income of $136.6 million, EPS Net income per common share-diluted $1.90.
“On October 26, 2023, Popular, Inc. (the “Corporation”) issued a press release announcing its unaudited financial results for the quarter ended September 30, 2023”
Earnings Releases
POPULAR, INC. reported the quarter ended June 30, 2023 results: net income $151.2 million, EPS $2.10.
“Popular, Inc. (the "Corporation") issued a press release announcing its unaudited financial results for the quarter ended June 30, 2023”
Shareholder Votes
POPULAR, INC. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-05-11 meeting.
“Proposal 3 – Ratification of Appointment of Independent Registered Public Accounting Firm Ratified the appointment of PricewaterhouseCoopers LLP as the Corporation’s independent registered public accounting firm for 2023. For Against Abstained Broker Non-Votes 61,455,036 2,244,160 16,154”
Shareholder Votes
POPULAR, INC. shareholders approved Advisory Vote to Approve Executive Compensation at the 2023-05-11 meeting.
“Proposal 2 – Advisory Vote to Approve Executive Compensation ("Say-on-Pay") Approved, on an advisory basis, the compensation of the Corporation’s Named Executive Officers. For Against Abstained Broker Non-Votes 56,739,878 1,363,787 516,066 5,095,619”
Shareholder Votes
POPULAR, INC. shareholders approved Election of Directors at the 2023-05-11 meeting.
“Proposal 1 – Election of Directors Elected the following thirteen individuals to serve as directors for a one-year term until the Annual Meeting of Shareholders to be held in 2023 or until their successors are duly elected and qualified: For Against Abstain Broker Non-Vote Ignacio Alvarez 57,786,550 826,266 6,915 5,095,619 Joaquín E. Bacardí, III 57,527,694 1,055,327 36,710 5,095,619 Alejandro M. Ballester 56,256,150 2,326,552 37,029 5,095,619 Robert Carrady 57,674,164 848,410 97,157 5,095,619 Richard L. Carrión 57,382,962 1,221,901 14,868 5,095,619 Betty DeVita 57,771,509 729,207 119,015 5,095,619 John W. Diercksen 57,453,391 1,050,899 115,441 5,095,619 María Luisa Ferré Rangel 54,328,581 4,259,799 31,351 5,095,619 C. Kim Goodwin 57,000,066 1,507,209 112,456 5,095,619 José R. Rodríguez 58,098,635 481,462 39,634 5,095,619 Alejandro M. Sánchez 58,261,998 210,065 147,668 5,095,619 Myrna M. Soto 57,523,623 1,019,772 76,336 5,095,619 Carlos A. Unanue 56,771,699 1,807,772 40,260 5,095,619”
Earnings Releases
POPULAR, INC. reported the quarter ended March 31, 2023 results: net income $159.0 million, EPS $2.22 per diluted share.
“Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $159.0 million for the quarter ended March 31, 2023, compared to net income of $257.1 million for the quarter ended December 31, 2022.”
Debt Financings
POPULAR, INC. incurred senior notes of $400,000,000 with The Bank of New York Mellon at 7.25% per annum maturing March 13, 2028.
“On March 13, 2023, Popular, Inc. (the “Corporation”) issued $400,000,000 aggregate principal amount of its 7.25% Senior Notes due 2028 (the “Notes”) in an underwritten public offering”
Material Agreements
POPULAR, INC. entered into Tenth Supplemental Indenture with The Bank of New York Mellon valued at $400,000,000 aggregate principal amount of 7.25% Senior Notes due 2028 (effective 2023-03-13).
“On March 13, 2023, Popular, Inc. (the “Corporation”) issued $400,000,000 aggregate principal amount of its 7.25% Senior Notes due 2028 (the “Notes”) in an underwritten public offering pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.”
Earnings Releases
POPULAR, INC. reported the year 2022 results: net income $1.1 billion.
“Net income of $1.1 billion for the year 2022, compared to net income of $934.9 million for the year 2021.”
Earnings Releases
POPULAR, INC. reported the quarter ended December 31, 2022 results: net income $257.1 million.
“Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $257.1 million for the quarter ended December 31, 2022, compared to net income of $422.4 million for the quarter ended September 30, 2022.”
Javier D. Ferrer changed role as Executive Vice President, Chief Operating Officer and Head of Business Strategy at POPULAR, INC..
“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 as Executive Vice President, Chief Legal Officer and General Counsel at POPULAR, INC..
“José R. Coleman Tió was appointed Executive Vice President, Chief Legal Officer and General Counsel of the Corporation”
Javier D. Ferrer was appointed as Executive Vice President, Chief Operating Officer and Head of Business Strategy at POPULAR, INC..
“Javier D. Ferrer was appointed Executive Vice President, Chief Operating Officer and Head of Business Strategy of Popular, Inc.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.