Popular, Inc. (NASDAQ: BPOP) unveils higher dividend and $1B buyback plan
Rhea-AI Filing Summary
Popular, Inc. plans two major capital return actions. The company intends to increase its quarterly common stock dividend from $0.75 to $0.90 per share, beginning with the dividend payable in the fourth quarter of 2026, subject to approval by its Board of Directors.
In addition, Popular authorized the repurchase of up to $1 billion of common stock. Repurchases may occur through open market, privately negotiated or block trades and can be modified, suspended or terminated at any time. The timing, quantity and price of repurchases will depend on factors such as market conditions, capital position, liquidity, financial performance, strategic initiatives and tax and regulatory considerations, including approvals for subsidiary dividends.
Popular states that approximately $280 million of common stock has been repurchased in 2026 to date and that, as of June 30, 2026, it had fully utilized a prior $500 million repurchase authorization approved in 2025. Management characterizes the company as having “significant excess capital, robust liquidity and strong financial performance” in connection with these capital actions.
Positive
- Quarterly dividend increase from $0.75 to $0.90 per share, starting with the fourth-quarter 2026 dividend if approved by the Board, raises ongoing cash distributions to common shareholders.
- New $1 billion common stock repurchase authorization, on top of $280 million already repurchased in 2026 and a fully utilized prior $500 million program, signals capacity and intent to return additional capital to shareholders over time.
Negative
- None.
Filing Explained
Popular disclosed a new authorization to repurchase up to
8-K Event Classification
Key Figures
Key Terms
common stock repurchase authorization financial
Inline XBRL technical
forward-looking statements regulatory
FDIC assessments regulatory
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FAQ
What capital actions did Popular, Inc. (BPOP) announce on July 23, 2026?
How much will Popular, Inc. (BPOP) increase its quarterly dividend?
How much stock has Popular, Inc. (BPOP) already repurchased in 2026?
What happened to Popular, Inc. (BPOP)’s prior repurchase authorization?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
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Emerging growth company
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Item 8.01. Other Events.
On July 23, 2026, Popular, Inc. (the “Corporation”) issued a press release announcing plans to (i) increase the Corporation’s quarterly common stock dividend from $0.75 per share 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 (ii) repurchase up to $1 billion of the Corporation’s common stock.
A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
| 99.1 | Press Release dated July 23, 2026. | |
| 101 | Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| POPULAR, INC. (Registrant) | ||||||
| Date: July 23, 2026 | By: | /s/ José R. Coleman Tió | ||||
| José R. Coleman Tió | ||||||
| Executive Vice President and Chief Legal Officer | ||||||
Exhibit 99.1
Popular Announces Capital Actions
SAN JUAN, Puerto Rico – (BUSINESS WIRE) – July 23, 2026 – Popular, Inc. (the “Corporation”) (NASDAQ: BPOP) announced today 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. The timing, quantity and price of the Corporation’s common stock repurchases will be subject to various factors, including market conditions, the Corporation’s capital position, liquidity and financial performance, the capital impact of strategic initiatives and tax and regulatory considerations, including regulatory approvals for subsidiary dividends. The common stock repurchase authorization does not require the Corporation to acquire a specific dollar amount or number of shares and may be modified, suspended or terminated at any time without prior notice.
“Our significant excess capital, robust liquidity and strong financial performance enable us to consistently service our clients and communities while continuing to return capital to our shareholders,” said Javier D. Ferrer, President and Chief Executive Officer of the Corporation. “The intended dividend increase reflects confidence in our capacity to deliver sustainable financial results. The new share repurchase authorization allows us to deploy capital over time to enhance shareholder value.”
About Popular, Inc.
Popular, Inc. (NASDAQ: BPOP) is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. and British Virgin Islands, as well as auto and equipment leasing and financing in Puerto Rico. Popular also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation those regarding Popular’s business, financial condition, results of operations, plans, objectives and future performance. These statements are not guarantees of future performance, are based on management’s current expectations and, by their nature, involve risks, uncertainties, estimates and assumptions. Potential factors, some of which are beyond the Corporation’s control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. Risks and uncertainties include, without limitation, the effect of competitive and economic factors, and our reaction to those factors, the adequacy of the allowance for loan losses, delinquency trends, market risk and the impact of interest rate changes (including on our cost of deposits), our ability to attract deposits and grow our loan portfolio, capital market conditions, capital adequacy and liquidity, the effect of legal and regulatory proceedings, the receipt of necessary regulatory approvals, including for dividends by the Corporation’s subsidiaries, and the timing of those regulatory approvals, new regulatory requirements or accounting standards on the Corporation’s financial condition and results of operations, the occurrence of unforeseen or catastrophic events, such as extreme weather events, pandemics, man-made disasters or acts of violence or war, as well as actions taken by governmental authorities in response thereto, and the direct and indirect impact of such events on Popular, our customers, service providers and third parties. Other potential factors include Popular’s ability to successfully execute its transformation initiative, including, but not limited to, achieving projected earnings, efficiencies and return on tangible common equity and accurately anticipating costs and expenses associated therewith, our ability to execute capital actions, including with respect to share repurchases and dividends, the imposition of additional or special FDIC assessments, or increases thereto, the occurrence of any cyber-security event, changes to regulatory capital, liquidity and resolution-related requirements applicable to financial institutions, the impact of bank failures or adverse developments at other banks and related negative media coverage of the banking industry in general on investor and depositor sentiment regarding the stability and liquidity of banks, and changes in and uncertainty regarding federal funding, tax and trade policies, and rulemaking, supervision, examination and enforcement priorities of the federal administration. All statements contained herein that are not clearly historical in nature, are forward-looking, and the words “anticipate,” “believe,” “continues,” “expect,” “estimate,” “intend,” “project” and similar expressions, and future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may” or similar expressions, are generally intended to identify forward-looking statements.
More information on the risks and important factors that could affect the Corporation’s future results and financial condition is included in our Annual Report on Form 10-K for the year ended December 31, 2025, the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 to be filed with the Securities and Exchange Commission. Our filings are available on the Corporation’s website (www.popular.com) and on the Securities and Exchange Commission website (www.sec.gov). The Corporation assumes no obligation to update or revise any forward-looking statements or information which speak as of their respective dates.
Contacts
Popular, Inc.
Investor Relations:
Paul J. Cardillo, 212-417-6721
Senior Vice President and Investor Relations Officer
pcardillo@popular.com
or
Media Relations:
María Cristina González Noguera, 917-804-5253
Executive Vice President and Chief Communications & Public Affairs Officer
mc.gonzalez@popular.com
Financial (English): P-EN-FIN