POPULAR, INC.
In the published model solve dated 2026-Q2, anchored at $173.90, POPULAR, INC. (BPOP) is priced for 15.1% return on equity. 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: 2026-07-23 (items 8.01, 9.01); 2026-07-23 (items 5.02, 7.01, 9.01); 2026-07-23 (items 2.02, 7.01, 9.01); 2026-06-09 (items 8.01); 2026-05-11 (items 5.03, 5.07, 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.