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Certificate of Incorporation to modernize indemnification provisions, add director and officer exculpation, and remove outdated director election procedures (effective 2026-05-08).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.”
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.