POPULAR, INC. 8K

Popular, Inc. reported strong second quarter 2026 results, announced the planned retirement of CEO Javier D. Ferrer and succession by CFO Jorge J. García, and approved major capital actions including a higher dividend and a new $1 billion share repurchase authorization.

Popular, Inc. filed a Form 8-K to furnish its unaudited financial results for the quarter ended June 30, 2026, reporting net income of $278 million (up 13% sequentially and 32% year-over-year) and diluted EPS of $4.35, alongside improved ROTCE and stable net interest margin, while also announcing a significant leadership transition under which President and CEO Javier D. Ferrer will retire effective August 31, 2026 and be succeeded by current EVP and CFO Jorge J. García as of September 1, 2026. In conjunction with the earnings release, the company detailed capital actions including having fully used a prior $500 million repurchase authorization, a new $1.0 billion common stock repurchase authorization, and an intended 20% increase in its quarterly common dividend from $0.75 to $0.90 per share beginning with the fourth-quarter 2026 dividend, subject to Board approval. The release highlighted balance sheet growth in assets, loans and deposits, strong capital ratios (CET1 at 16.08%), credit quality developments including the resolution and partial charge-off of a large commercial non-performing relationship, and an updated full-year 2026 outlook raising guidance for net interest income and non-interest income, modestly increasing expected NCOs, and lowering expected operating expense growth and effective tax rate.

Filing Facts

CIK

763901

Ticker

-

Form

8K

Source Type

sec

Accession

0000763901-26-000013

Alert Tier

8