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 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 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 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.
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 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 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 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 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 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 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.
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 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 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.
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 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 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 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