Popular, INC.: insider trades · United States · SEC (Form 4)

About Popular, INC.

Popular, Inc. (NASDAQ: BPOP) is a U.S.-listed financial services group headquartered in San Juan, Puerto Rico, United States. Founded in 1893 through Banco Popular de Puerto Rico, the company has evolved from a traditional local bank into a diversified banking and financial platform with a long operating history. For investors in France, Belgium and Switzerland, Popular is best understood as a Puerto Rico-centered banking franchise with an additional footprint in the mainland United States and in the U.S. and British Virgin Islands. Its listing on the Nasdaq places it within the U.S. financials universe, where regional bank fundamentals, deposit franchise strength and credit discipline are key reference points. Popular’s core business is centered on Banco Popular de Puerto Rico, its principal subsidiary. That franchise provides retail banking, mortgage banking and commercial banking services in Puerto Rico and the Virgin Islands. The group also offers auto and equipment leasing and financing in Puerto Rico, together with brokerage and insurance services through specialized subsidiaries. On the mainland, Popular Bank operates as a New York-chartered banking subsidiary with branches in New York, New Jersey and Florida. The company’s model is therefore geographically concentrated, but not purely single-market: it combines deep local penetration in Puerto Rico with selected U.S. mainland exposure that broadens its funding and lending base. From a competitive perspective, Popular is widely positioned as the leading financial institution in Puerto Rico by both assets and deposits, and it ranks among the top 50 U.S. bank holding companies by assets. That market position matters. It suggests a strong deposit franchise, long-standing brand recognition and meaningful customer relationships across retail, mortgage and commercial segments. In banking, those traits are especially valuable because they support funding stability and help sustain lending relationships through different rate cycles and credit environments. Popular’s scale in its home market gives it a durable competitive moat relative to smaller local institutions. Recent developments have been constructive. In 2025, Popular reported growth in net income, solid loan growth and stable credit quality, while continuing to return capital to shareholders. The company also announced a major leadership transition: long-time CEO Ignacio Alvarez retired effective June 30, 2025, and Javier D. Ferrer, previously President and COO, was appointed to succeed him. For equity investors, that combination of earnings momentum, disciplined credit performance and management continuity is important. Overall, Popular remains a historically anchored, market-leading banking franchise with earnings sensitivity to rates and lending conditions, but with a business profile that is more regional and relationship-driven than that of a large diversified money-center bank.