BPOP 10-K Annual Report Dec. 31, 2024 | Alphaminr
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BPOP 10-K Fiscal year ended Dec. 31, 2024

Balance Sheet
Cash Flow
Income Statement
Debt
POPULAR INC
10-Qs and 10-Ks
10-K
 		Fiscal year ended Dec. 31, 2024
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 		Quarter ended Sept. 30, 2024
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 		Quarter ended June 30, 2024
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 		Quarter ended March 31, 2021
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 		Fiscal year ended Dec. 31, 2020
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 		Quarter ended Sept. 30, 2020
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 		Quarter ended June 30, 2020
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 		Fiscal year ended Dec. 31, 2019
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 		Quarter ended Sept. 30, 2019
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 		Quarter ended June 30, 2019
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 		Fiscal year ended Dec. 31, 2018
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 		Quarter ended Sept. 30, 2018
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 		Quarter ended June 30, 2018
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 		Fiscal year ended Dec. 31, 2017
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 		Fiscal year ended Dec. 31, 2016
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 		Quarter ended March 31, 2016
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 		Fiscal year ended Dec. 31, 2015
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 		Quarter ended Sept. 30, 2015
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 		Fiscal year ended Dec. 31, 2014
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 		Fiscal year ended Dec. 31, 2012
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 		Quarter ended Sept. 30, 2012
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 		Quarter ended Sept. 30, 2011
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 		Quarter ended March 31, 2011
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 		Fiscal year ended Dec. 31, 2010
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 		Quarter ended Sept. 30, 2010
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 		Quarter ended June 30, 2010
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 		Quarter ended March 31, 2010
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 		Fiscal year ended Dec. 31, 2009
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TABLE OF CONTENTS
Part I Popular, IncprintItem 1. BusinessprintItem 1A. Risk FactorsprintItem 1B. Unresolved Staff CommentsprintItem 1C. CybersecurityprintItem 2. PropertiesprintItem 3. Legal ProceedingsprintItem 4. Mine Safety DisclosureprintPart IIprintItem 5. Market For Registrant S Common Equity, Related Stockholder Matters and IssuerprintItem 6. [reserved]printItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of OperationsprintItem 7A. Quantitative and Qualitative Disclosures About Market RiskprintItem 8. Financial Statements and Supplementary DataprintItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureprintItem 9A. Controls and ProceduresprintItem 9B. Other InformationprintItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsprintPart IIIprintItem 10. Directors, Executive Officers and Corporate GovernanceprintItem 11. Executive CompensationprintItem 12. Security Ownership Of Certain Beneficial Owners and Management and RelatedprintItem 13. Certain Relationships and Related Transactions, and Director IndependenceprintItem 14. Principal Accountant Fees and ServicesprintPart IVprintItem 15. Exhibits and Financial Statement SchedulesprintItem 16. Form 10-k SummaryprintNote 1 Nature Of OperationsprintNote 2 Summary Of Significant Accounting PoliciesprintNote 32 To The Consolidated Financial Statements For Additional Information on Operating and Finance Lease ArrangementsprintNote 3 - New Accounting PronouncementsprintNote 4 - Restrictions on Cash and Due From Banks and Certain SecuritiesprintNote 5 Debt Securities Available-for-saleprintNote 6 Debt Securities Held-to-maturityprintNote 7 LoansprintNote 8 Allowance For Credit Losses Loans Held-in-portfolioprintNote 9 Mortgage Banking ActivitiesprintNote 10 Transfers Of Financial Assets and Mortgage Servicing AssetsprintNote 11 - Premises and EquipmentprintNote 12 Other Real Estate OwnedprintNote 13 Other AssetsprintNote 14 Goodwill and Other Intangible AssetsprintNote 15 Deposits Total Deposits As Of The End Of The Periods Presented Consisted Of:printNote 15 DepositsprintNote 16 BorrowingsprintNote 17 Trust Preferred SecuritiesprintNote 18 Other LiabilitiesprintNote 19 Stockholders EquityprintNote 20 Regulatory Capital RequirementsprintNote 21 Other Comprehensive LossprintNote 22 GuaranteesprintNote 23 Commitments and ContingenciesprintNote 24 Non-consolidated Variable Interest EntitiesprintNote 25 Derivative Instruments and Hedging ActivitiesprintNote 26 Related Party TransactionsprintNote 27 Fair Value MeasurementprintNote 28 Fair Value Of Financial InstrumentsprintNote 29 Employee BenefitsprintNote 30 Net Income Per Common ShareprintNote 31 Revenue From Contracts with CustomersprintNote 32 LeasesprintNote 33 - Stock-based CompensationprintNote 34 Income TaxesprintNote 35 Supplemental Disclosure on The Consolidated Statements Of Cash FlowsprintNote 36 Segment ReportingprintNote 37 - Popular, Inc. (holding Company Only) Financial Informationprint

Exhibits

RestatedCertificateofIncorporationofPopular,Inc.(incorporatedbyreferencetoExhibit3.1oftheCorporationsQuarterly Report on Form 10-Q for the quarter endedJune 30, 2020).Amended and Restated Bylaws ofPopular, Inc. asof May 9, 2024 (incorporatedby reference to Exhibit 3.1of Popular,Inc.s Current Report on Form 8-K dated May 9, 2024 andfiled on May 10, 2024).Specimen ofPhysical CommonStock Certificateof Popular,Inc. (incorporatedby referenceto Exhibit4.1 ofPopular,Inc.s Current Report on Form 8-K dated May 29, 2012and filed on May 30, 2012).Description of Popular, Inc.s securities registered pursuant to Section 12 ofthe Securities Exchange Act. (1)Popular, Inc. 2020 Omnibus Incentive Plan (incorporated by reference to Exhibit 4.4of Popular, Inc.s Form S-8 filed onMay 12, 2020). *Compensation Agreement for Alejandro M.Ballester as director ofPopular, Inc.,dated January 28, 2010(incorporatedby reference to Exhibit 10.9 of Popular, Inc.s Annual Report on Form10-K for the year ended December 31, 2009).*Compensation Agreement forCarlos A.Unanue asdirector ofPopular, Inc.,dated January28, 2010(incorporated byreference to Exhibit 10.10 of Popular, Inc.s Annual Report on Form 10-Kfor the year ended December 31, 2009). *CompensationAgreementforC.KimGoodwinasdirectorofPopular,Inc.,datedMay10,2011(incorporatedbyreference to Exhibit 10.1 of Popular, Inc.s Quarterly Report on Form10-Q for the quarter ended June 30, 2011). *Compensation Agreement for JoaquinE. Bacardi, IIIas director ofPopular, Inc.,dated April 30,2013 (incorporated byreference to Exhibit 10.2 of Popular, Inc.s Quarterly Report on Form10-Q for the quarter ended June 30, 2013). *Compensation Agreement for John. W.Diercksen as director of Popular,Inc., dated October 18, 2013 (incorporated byreference to Exhibit 10.13 of Popular, Inc.s Annual Report on 10-K forthe year ended December 31, 2013). *Form of 2015 Long-TermEquity Incentive Award andAgreement (incorporated by reference to Exhibit10.1 of Popular,Inc.s Quarterly Report on Form 10-Q for the quarterended March 31, 2015). *Form of 2016 Long-Term Equity Incentive Award and Agreement (incorporated by reference to Exhibit 10.27 of Popular,Inc.s Annual Report on Form 10-K for the year ended December31, 2015). *FormofDirectorCompensationLetter,ElectionFormandRestrictedStockAgreement,effectiveApril26,2016(incorporated by reference to Exhibit 10.1 of Popular, Inc.s Quarterly Report on Form 10-Q for the quarter ended March31, 2016). *Form of 2017 Long-TermEquity Incentive Award andAgreement (incorporated by reference to Exhibit10.1 of Popular,Inc.s Quarterly Report on Form 10-Q for the quarterended March 31, 2017). *Long-TermEquityIncentiveAwardandAgreementforIgnacioAlvarez,datedasofJune22,2017(incorporatedbyreference to Exhibit 10.1 of Popular, Inc.s Quarterly report on Form 10-Qfor the quarter ended June 30, 2017). *FormofPopular,Inc.2018Long-TermEquity IncentiveAwardandAgreement(incorporated byreference toExhibit10.1 of Popular, Inc.s Quarterly Report on Form 10-Q for the quarterended March 31, 2018). *Director Compensation Letter,Election Form and Restricted StockAgreement for Myrna M.Soto, dated June 22,2018(incorporated by reference to Exhibit10.1 of Popular,Inc.s Quarterly Report onForm 10-Q for thequarter ended June30, 2018). *Director Compensation Letter, Election Formand Restricted Stock Agreement for Robert Carrady,dated December 29,2018(incorporated byreference toExhibit10.25 ofPopular,Inc.sAnnualReport onForm 10-Kfor theyearendedDecember 31, 2018). *FormofDirector CompensationLetter,Election FormandRestricted StockUnit AwardAgreement,effectiveMay7,2019(incorporated byreference toExhibit10.26 ofPopular,Inc.sAnnualReport onForm 10-Kfor theyearendedDecember 31, 2018). *FormofPopular,Inc.2019Long-TermEquity IncentiveAwardandAgreement(incorporated byreference toExhibit10.1 of Popular, Inc.s Quarterly Report on Form 10-Q for the quarterended March 31, 2019). *Director Compensation Letter, ElectionForm and Restricted Stock Unit AwardAgreement for Richard L. Carrin, datedJuly 1,2019 (incorporated byreference toExhibit 10.1of Popular,Inc.s AnnualReport onForm 10-Qfor thequarterended September 30, 2019). *FormofPopular,Inc.2020Long-TermEquity IncentiveAwardandAgreement(incorporated byreference toExhibit10.1 of Popular, Inc.s Quarterly Report on Form 10-Q for the quarterended March 31, 2020). *FormofDirectorCompensation ElectionFormandRestricted StockUnitAwardAgreement,effectiveMay12,2020(incorporated by reference to Exhibit10.2 of Popular,Inc.s Quarterly Report onForm 10-Q for thequarter ended June30, 2020). *FormofPopular,Inc.2021Long-TermEquity IncentiveAwardandAgreement(incorporated byreference toExhibit10.1 of Popular, Inc.s Quarterly Report on Form 10-Q for the quarterended March 31, 2021). *Form of Director Compensation Letter,Election Form and Restricted Stock Unit AwardAgreement for Betty DeVita andJosR.Rodriguez,effectiveJune25,2021(incorporatedbyreferencetoExhibit10.1ofPopular,Inc.sQuarterlyReport on Form 10-Q for the quarter endedJune 30, 2021). *FormofPopular,Inc.2022Long-TermEquity IncentiveAwardandAgreement(incorporated byreference toExhibit10.1 of Popular, Inc.s Quarterly Report on Form 10-Q for the quarterended March 31, 2022). *Asset Purchase Agreement, dated as of February 24, 2022,among Evertec, Inc. and Evertec Group, LLC, Popular,Inc. and Banco Popular de Puerto Rico (incorporatedby reference to Exhibit 2.1 of Popular, Inc.s Current Report onForm 8-K dated and filed on February 24,2022).Second Amended andRestated Master Service Agreement,dated as ofJuly 1,2022, among Popular,Inc., BancoPopular de Puerto Rico, andEvertec Group, LLC and its Subsidiaries(Incorporated by reference to Exhibit 99.1onForm 8-K filed on July 1, 2022.)Form of Popular, Inc.2023 Long-Term EquityIncentive Award and Agreement (incorporated by reference to Exhibit10.1 of Popular, Incs Quarterly Report on Form 10-Q for the quarterended March 31, 2023). *AwardAgreement,datedasofDecember7,2023,byandbetweenCarlosJ.VzquezandPopular,Inc.(incorporatedbyreferencetoExhibit10.28ofPopular,Inc.sAnnualReportonForm10-KfortheyearendedDecember 31, 2023). *ServicesAgreement,datedasofDecember7,2023,byandbetweenCarlosJ.VzquezandPopular,Inc.(incorporatedbyreferencetoExhibit10.29ofPopular,Inc.sAnnualReportonForm10-KfortheyearendedDecember 31, 2023). *Form of Popular, Inc.2024 Long-Term EquityIncentive Award and Agreement (incorporated by reference to Exhibit10.1 of Popular, Inc.s Quarterly Report on Form 10-Q for the quarterended March 31, 2024). *Insider Trading Policy and Procedures (1).Schedule of Subsidiaries of Popular, Inc. (1)Issuers of Guaranteed Securities (1)Consent of Independent Registered Public AccountingFirm. (1)Certification of Principal Executive Officer pursuant to Section302 of the Sarbanes-Oxley Act of 2002. (1)Certification of Principal Financial Officer pursuant to Section 302of the Sarbanes-Oxley Act of 2002. (1)Certification of Principal Executive Officerpursuant to 18 U.S.C. Section1350, as adopted pursuant toSection 906of the Sarbanes-Oxley Act of 2002. (1)(2)Certification of PrincipalFinancial Officer pursuantto 18 U.S.C.Section 1350, asadopted pursuant toSection 906of the Sarbanes-Oxley Act of 2002. (1)(2)Compensation Recoupment Policy of Popular, Inc. (1)