POPULAR, INC.

BPOP, BPOPO, BPOPM · State Commercial Banks · 64.5M shares · -7%/yr ↓ buyback · EDGAR filings ↗

Net buyback after stock comp: $217M (gross $217M)

Reference price $150.36 · est. market cap ~$9.7B — last insider sale, 2026-05-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B75

Popular Inc — leading Puerto Rico bank with strong returns.

Strengths

ROE 13.3% (87th pct), free cash flow 96th
Net income +36%

Risks

Puerto Rico macro/fiscal sensitivity
Concentration in a single economy
Rate sensitivity

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Customer concentration~79% of revenue from one customer/distributor — A significant portion of our business is concentrated in Puerto Rico, which accounted for 77% of our assets and 79% of our deposits as of December 31, 2025 and 80% of our revenues for the year
Buying back stockNet buyback — share count -7%/yr over 4y
Insider sellingInsider selling — 5 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$5M, last 6mo) Form 4 ↗

Quarterly revenue

2024-03-31 · $37M2025-03-31 · $39M2026-03-31 · $39M

Last 3 quarters · from SEC filings.

Key metrics

Return on equity

13.3%

Return on assets

1.1%

Revenue growth (QoQ)

-0.7%

Net-income growth

35.6%

Free cash flow

$681M

Tangible book value

$5.5B

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-05-22	Sanchez Alejandro M	Sell	300	$150.36
2026-05-08	Soto Myrna	Tax withheld	206	$149.01
2026-05-08	Sanchez Alejandro M	Grant	906	—
2026-05-08	Sanchez Alejandro M	Tax withheld	68	$149.01
2026-05-01	GONZALEZ-NOGUERA MARIA CRISTINA	Sell	6.2K	$148.51
2026-04-30	BALLESTER ALEJANDRO M	Sell	23K	$150.00
2026-04-27	Flores Hector Alejandro	Tax withheld	263	$150.62
2026-04-27	Rodriguez Adorno Denissa	Tax withheld	87	$150.62
2026-02-26	Sanchez Alejandro M	Sell	1.5K	$140.85
2026-02-25	CHINEA MANUEL	Grant	3.7K	—
2026-02-25	CHINEA MANUEL	Tax withheld	1.5K	$141.31
2026-02-25	CHINEA MANUEL	Grant	2.2K	—
2026-02-25	CHINEA MANUEL	Tax withheld	905	$141.31
2026-02-25	Flores Hector Alejandro	Grant	1.5K	—
2026-02-25	Soriano Lidio	Grant	3.9K	—
2026-02-25	Soriano Lidio	Tax withheld	1.1K	$141.31
2026-02-25	Soriano Lidio	Grant	3.0K	—
2026-02-25	Soriano Lidio	Tax withheld	94	$141.31
2026-02-25	SEPULVEDA ELI	Grant	3.3K	—
2026-02-25	SEPULVEDA ELI	Tax withheld	942	$141.31
2026-02-25	SEPULVEDA ELI	Grant	2.0K	—
2026-02-25	SEPULVEDA ELI	Tax withheld	64	$141.31
2026-02-25	FERRER JAVIER D.	Grant	7.7K	—
2026-02-25	FERRER JAVIER D.	Tax withheld	2.1K	$141.31
2026-02-25	FERRER JAVIER D.	Grant	16K	—
2026-02-25	FERRER JAVIER D.	Tax withheld	506	$141.31
2026-02-25	NEGRON EDUARDO J.	Grant	3.3K	—
2026-02-25	NEGRON EDUARDO J.	Tax withheld	942	$141.31
2026-02-25	NEGRON EDUARDO J.	Grant	2.0K	—
2026-02-25	NEGRON EDUARDO J.	Tax withheld	64	$141.31
2026-02-25	Rodriguez Adorno Denissa	Grant	687	—
2026-02-25	GONZALEZ-NOGUERA MARIA CRISTINA	Grant	3.0K	—
2026-02-25	GONZALEZ-NOGUERA MARIA CRISTINA	Tax withheld	826	$141.31
2026-02-25	GONZALEZ-NOGUERA MARIA CRISTINA	Grant	1.8K	—
2026-02-25	Garcia Jorge J.	Grant	3.3K	—
2026-02-25	Coleman-Tio Jose R.	Grant	2.4K	—
2026-02-25	Coleman-Tio Jose R.	Tax withheld	654	$141.31
2026-02-25	Coleman-Tio Jose R.	Grant	2.6K	—
2026-02-25	CESTERO LUIS E.	Grant	2.7K	—
2026-02-25	CESTERO LUIS E.	Tax withheld	746	$141.31
2026-02-25	CESTERO LUIS E.	Grant	2.2K	—
2026-02-25	Castellvi Beatriz	Grant	2.7K	—
2026-02-25	Castellvi Beatriz	Tax withheld	779	$141.31
2026-02-25	Castellvi Beatriz	Grant	1.8K	—
2026-02-25	Castellvi Beatriz	Tax withheld	57	$141.31
2026-02-25	Burckhart Camille	Grant	3.4K	—
2026-02-25	Burckhart Camille	Tax withheld	932	$141.31
2026-02-25	Burckhart Camille	Grant	2.6K	—
2026-02-23	FERRER JAVIER D.	Tax withheld	2.5K	$141.29
2026-02-23	Soriano Lidio	Tax withheld	873	$141.29
2026-02-23	SEPULVEDA ELI	Tax withheld	691	$141.29
2026-02-23	NEGRON EDUARDO J.	Tax withheld	655	$141.29
2026-02-23	GONZALEZ-NOGUERA MARIA CRISTINA	Tax withheld	701	$141.29
2026-02-23	Garcia Jorge J.	Tax withheld	740	$141.29
2026-02-23	CESTERO LUIS E.	Tax withheld	766	$141.29
2026-02-23	Coleman-Tio Jose R.	Tax withheld	765	$141.29
2026-02-23	Rodriguez Adorno Denissa	Tax withheld	198	$141.29
2026-02-23	Castellvi Beatriz	Tax withheld	579	$141.29
2026-02-23	Burckhart Camille	Tax withheld	993	$141.29
2026-02-19	CARRION RICHARD L	Other	564	—
2026-01-30	BALLESTER ALEJANDRO M	Sell	2.4K	$132.50
2025-11-24	CARRION RICHARD L	Sell	25K	$113.50
2025-11-21	Rodriguez Adorno Denissa	Sell	1.0K	$114.84
2025-09-02	MONZON GILBERTO	Sell	8.5K	$124.97
2025-09-02	MONZON GILBERTO	Sell	9.5K	$124.03
2025-06-30	ALVAREZ IGNACIO	Tax withheld	17K	$110.21
2025-06-26	ALVAREZ IGNACIO	Grant	15K	—
2025-06-26	FERRER JAVIER D.	Grant	9.3K	—
2025-06-26	FERRER JAVIER D.	Tax withheld	291	$110.12
2025-06-03	Burckhart Camille	Sell	7.0K	$104.14
2025-05-14	Rodriguez Adorno Denissa	Sell	500	$104.43
2025-05-08	Sanchez Alejandro M	Grant	1.3K	—
2025-05-08	Soto Myrna	Grant	1.3K	—
2025-04-27	Rodriguez Adorno Denissa	Tax withheld	145	$95.94
2025-02-25	Rodriguez Adorno Denissa	Grant	957	—
2025-02-25	Soriano Lidio	Grant	3.5K	—
2025-02-25	Soriano Lidio	Tax withheld	111	$100.37
2025-02-25	Soriano Lidio	Grant	3.3K	—
2025-02-25	Soriano Lidio	Tax withheld	939	$100.37
2025-02-25	SEPULVEDA ELI	Grant	2.6K	—
2025-02-25	SEPULVEDA ELI	Tax withheld	81	$100.37
2025-02-25	SEPULVEDA ELI	Grant	2.9K	—
2025-02-25	SEPULVEDA ELI	Tax withheld	822	$100.37
2025-02-25	NEGRON EDUARDO J.	Grant	2.5K	—
2025-02-25	NEGRON EDUARDO J.	Tax withheld	80	$100.37
2025-02-25	NEGRON EDUARDO J.	Grant	2.9K	—
2025-02-25	NEGRON EDUARDO J.	Tax withheld	823	$100.37
2025-02-25	MONZON GILBERTO	Grant	2.2K	—
2025-02-25	MONZON GILBERTO	Tax withheld	69	$100.37
2025-02-25	MONZON GILBERTO	Grant	2.5K	—
2025-02-25	MONZON GILBERTO	Tax withheld	722	$100.37
2025-02-25	GONZALEZ-NOGUERA MARIA CRISTINA	Grant	2.3K	—
2025-02-25	GONZALEZ-NOGUERA MARIA CRISTINA	Grant	2.6K	—
2025-02-25	GONZALEZ-NOGUERA MARIA CRISTINA	Tax withheld	711	$100.37
2025-02-25	Garcia Jorge J.	Grant	3.7K	—
2025-02-25	FERRER JAVIER D.	Grant	7.1K	—
2025-02-25	FERRER JAVIER D.	Tax withheld	222	$100.37
2025-02-25	FERRER JAVIER D.	Grant	5.7K	—
2025-02-25	FERRER JAVIER D.	Tax withheld	1.6K	$100.37
2025-02-25	Coleman-Tio Jose R.	Grant	3.1K	—
2025-02-25	Coleman-Tio Jose R.	Grant	2.1K	—
2025-02-25	Coleman-Tio Jose R.	Tax withheld	579	$100.37
2025-02-25	ALVAREZ IGNACIO	Grant	34K	—
2025-02-25	ALVAREZ IGNACIO	Grant	22K	—
2025-02-25	ALVAREZ IGNACIO	Tax withheld	7.9K	$100.37
2025-02-25	CESTERO LUIS E.	Grant	2.7K	—
2025-02-25	CESTERO LUIS E.	Grant	2.1K	—
2025-02-25	CESTERO LUIS E.	Tax withheld	579	$100.37
2025-02-25	Castellvi Beatriz	Grant	2.2K	—
2025-02-25	Castellvi Beatriz	Tax withheld	68	$100.37
2025-02-25	Castellvi Beatriz	Grant	2.1K	—
2025-02-25	Castellvi Beatriz	Tax withheld	625	$100.37
2025-02-25	Burckhart Camille	Grant	3.1K	—
2025-02-25	Burckhart Camille	Grant	2.7K	—
2025-02-25	Burckhart Camille	Tax withheld	743	$100.37
2025-02-25	CHINEA MANUEL	Grant	2.8K	—
2025-02-25	CHINEA MANUEL	Tax withheld	1.1K	$100.37
2025-02-25	CHINEA MANUEL	Grant	3.1K	—
2025-02-25	CHINEA MANUEL	Tax withheld	1.3K	$100.37
2025-02-23	Garcia Jorge J.	Tax withheld	616	$100.69
2025-02-23	Burckhart Camille	Tax withheld	998	$100.69
2025-02-23	Rodriguez Adorno Denissa	Tax withheld	93	$100.69
2025-02-23	CESTERO LUIS E.	Tax withheld	758	$100.69
2025-02-23	MONZON GILBERTO	Tax withheld	576	$100.69
2025-02-23	Soriano Lidio	Tax withheld	847	$100.69
2025-02-23	SEPULVEDA ELI	Tax withheld	703	$100.69
2025-02-23	NEGRON EDUARDO J.	Tax withheld	665	$100.69
2025-02-23	GONZALEZ-NOGUERA MARIA CRISTINA	Tax withheld	784	$100.69
2025-02-23	FERRER JAVIER D.	Tax withheld	1.7K	$100.69
2025-02-23	Coleman-Tio Jose R.	Tax withheld	560	$100.69
2025-02-23	Castellvi Beatriz	Tax withheld	595	$100.69
2025-02-23	ALVAREZ IGNACIO	Tax withheld	6.2K	$100.69
2025-02-06	MONZON GILBERTO	Sell	9.6K	$102.57
2025-01-31	CESTERO LUIS E.	Sell	10K	$103.40
2025-01-30	SEPULVEDA ELI	Sell	10K	$105.07
2025-01-30	NEGRON EDUARDO J.	Sell	10K	$104.02

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-09	Other	filing ↗
2026-05-11	5.03Shareholder voteExhibits	filing ↗
2026-05-08	OtherExhibits	filing ↗
2026-04-23	ResultsReg FDExhibits	filing ↗
2026-04-08	Exec/director changeReg FDOtherExhibits	filing ↗
2026-02-27	Exec/director change	filing ↗
2026-02-26	OtherExhibits	filing ↗
2026-01-27	ResultsReg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-09	2026-06-09	0001193125-26-263044 ↗
8-K	2026-05-11	2026-05-08	0001193125-26-217109 ↗
10-Q	2026-05-08	2026-03-31	0001193125-26-214600 ↗
8-K	2026-05-08	2026-05-08	0001193125-26-214112 ↗
8-K	2026-04-23	2026-04-23	0001193125-26-171797 ↗
8-K	2026-04-08	2026-04-08	0001193125-26-146421 ↗
10-K	2026-03-02	2025-12-31	0001193125-26-085756 ↗
8-K	2026-02-27	2026-02-25	0001193125-26-082102 ↗
8-K	2026-02-26	2026-02-26	0001193125-26-075335 ↗
8-K	2026-01-27	2026-01-27	0001193125-26-023312 ↗
8-K	2025-11-14	2025-11-14	0001193125-25-281969 ↗
10-Q	2025-11-10	2025-09-30	0001193125-25-274035 ↗