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AI brief of an SEC Form 8-K · POPULAR, INC. (BPOP)

Popular cuts Q3 net income to $242.4 million after $38 million loan loss charge

Negative Impact 4 of 5 earnings

Popular, Inc. filed an 8-K updating its third-quarter 2026 results after a commercial borrower in the quick service restaurant industry substantially ceased operations and filed for Chapter 11 bankruptcy following the earnings release. The company recognized an additional $38 million provision for credit losses, lowering quarterly net income to $242.4 million from $266.3 million and diluted EPS to $3.83 from $4.21, and it raised its 2026 net charge-off guidance to 90 bps to 95 bps from 80 bps to 90 bps.

Key points

  • Q3 2026 net income of $242.4 million, down $23.9 million from the $266.3 million in the original earnings release.
  • Diluted EPS of $3.83 versus $4.21 as originally issued; up from $3.14 in the same quarter of 2025.
  • The company expects an additional fourth-quarter 2026 charge-off on the same relationship.
  • 2026 net charge-off guidance raised to 90 bps to 95 bps from 80 bps to 90 bps; Common Equity Tier 1 ratio of 16.01%, down 5 bps.

The filing

CompanyPOPULAR, INC. (BPOP)
Form8-K, current report
Filed with the SECNov 9, 2026, 7:39 AM ET
Accession number0001193125-26-452671

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 7:45 AM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.