Popular, Inc (BPOP) News & EventsBPOPPopular, Inc

Company Reports Q2 Net Income of $278 Million

Reports Q2 Common Equity Tier 1 ratio of 16.08%, Common Equity per share of $100.38 and Tangible Book Value per share of $87.94. Javier Ferrer, President and Chief Executive Officer, said: "We are pleased to report another solid quarter. Net income reached $278 million, 13% higher than the first quarter of this year and 32% higher than the same quarter a year ago. Our results reflect higher net interest income, solid fee generation, continued balance sheet growth, and strong capital generation. Our ROTCE improved to 17% from 15.5% in the previous quarter, as we remain focused on delivering sustainable, through-the-cycle shareholder returns."

Popular's CEO Javier Ferrer to Retire Effective August 31, 2026

Popular announced that Javier Ferrer, the Company's President and Chief Executive Officer, will retire effective August 31, 2026. Jorge Garcia, the Company's Executive Vice President and Chief Financial Officer, will succeed Ferrer as President and Chief Executive Officer and a member of the Board. In connection with this appointment, Lidio Soriano, Executive Vice President and Chief Risk Officer, has been named Executive Vice President and Chief Financial Officer and Luis Sousa, Senior Vice President and head of the Credit Risk Management Division, has been named Executive Vice President and Chief Risk Officer, effective September 1, 2026.

Popular Increases Quarterly Dividend to $0.90 and Authorizes $1 Billion Stock Buyback

Popular announced the following capital actions: an increase in the Corporation's quarterly common stock dividend from $0.75 to $0.90 per share, commencing with the dividend payable in the fourth quarter of 2026, subject to the approval of the Corporation's Board of Directors; and a new common stock repurchase authorization of up to $1 billion. The Corporation's planned common stock repurchases may be executed in open market transactions, privately negotiated transactions, block trades or any other manner determined by the Corporation. The Corporation has repurchased approximately $280 million in common stock to date in 2026 and, as of June 30, 2026, had fully utilized the $500 million common stock repurchase authorization approved in 2025.