POPULAR, INC.
In the published model solve dated 2026-Q2, anchored at $156.52, POPULAR, INC. (BPOP) is priced for today's economics sustained for ~18.5 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Eighty-six percent of Popular's revenue comes from Banco Popular de Puerto Rico, and the FY2025 10-K is blunt about what follows from that: ⟦Deterioration in the Puerto Rico economy could potentially increase delinquencies and charge-offs, thereby impacting the Corporation's financial health⟧. • Popular earns about 13.4% on its equity, and the shares change hands at about 1.8 times book, the richest multiple in the peer group; the annual report puts tangible book value per common share at $82.
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428 institutional managers reported holding BPOP in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 47%. 58 opened new positions that quarter. Held by Vanguard Group, T. Rowe Price, BlackRock, among others. On the short side, 2.2M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (4.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BPOP has cut its share count 20.6% over the past five years. It pays a dividend, and has paid one every year in our records (17 and counting), raised 11 years straight; the current rate is $2.90 a share annually. Cash returned over the past three years: $508.02M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at BPOP over the trailing three years. Absence is a fact about the company, not a signal. 24 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BPOP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | +4.8% | -9.6% |
| 2023-11-10 | +8.1% | +19.3% |
| 2024-03-01 | -0.1% | +7.6% |
| 2024-05-11 | +1.4% | +2.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BPOP's latest 8-K filings: 2026-10-23 (items 8.01, 9.01); 2026-10-22 (items 2.02, 7.01, 9.01); 2026-08-20 (items 5.02, 9.01); 2026-08-20 (items 8.01, 9.01); 2026-07-23 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.