POPULAR, INC.

Popular, Inc. announced an increase in its quarterly common stock dividend from $0.75 to $0.90 per share, effective with the fourth quarter 2026 dividend, subject to board approval. Additionally, the company authorized a new common stock repurchase program of up to $1 billion. This follows the full utilization of a previous $500 million repurchase authorization as of June 30, 2026, with approximately $280 million repurchased year-to-date in 2026. The capital actions reflect the company's strong financial performance and commitment to returning capital to shareholders.

Popular, Inc. announced that Javier D. Ferrer will retire as President and CEO, effective August 31, 2026. He will be succeeded by Jorge J. García, currently Executive Vice President and CFO, effective September 1, 2026. In connection with these changes, Lidio V. Soriano will become Executive Vice President and CFO, and Luis F. Sousa will be appointed Executive Vice President and Chief Risk Officer, both effective September 1, 2026. Ferrer will receive a $1,620,000 cash award and a $2,600,000 equity award, and will provide consulting services for 12 months at $100,000 per month to facilitate the transition.

Popular, Inc. announced strong second quarter 2026 financial results, with net income rising 13% quarter-over-quarter to $278 million and diluted EPS reaching $4.35. The company also announced significant capital actions, including a 20% increase in its quarterly common stock dividend to $0.90 per share and a new $1 billion share repurchase authorization. Additionally, President and CEO Javier D. Ferrer will retire effective August 31, 2026, and will be succeeded by Jorge J. García. The company reported increased net interest income, growth in deposits and loans, and an improved NPL ratio, despite a higher NCO ratio due to a specific commercial charge-off.

Popular, Inc. disclosed a cybersecurity incident at its third-party vendor, Evertec, affecting data of its Banco Popular de Puerto Rico (BPPR) customers. The incident, notified on May 15, 2026, compromised personal information, including debit card numbers. Popular's own systems were unaffected, and the company has implemented enhanced fraud monitoring and notified regulators. Popular expects no material impact on its operations or financials, citing contractual coverage from Evertec for related losses and costs.

Popular, Inc. shareholders approved significant amendments to the company's Restated Certificate of Incorporation at the Annual Meeting on May 8, 2026. These changes include modernizing indemnification provisions and adding director and officer exculpation to the fullest extent permitted by Puerto Rico law. Additionally, the company's Amended and Restated By-Laws were adopted to align with these indemnification changes. Shareholders also elected eleven directors and approved executive compensation on an advisory basis.

Popular, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.75 per share on its outstanding common stock. The dividend is scheduled to be paid on July 1, 2026. Shareholders of record as of the close of business on May 29, 2026, will be eligible to receive this dividend.

Popular, Inc. announced significant executive appointments, effective July 1, 2026, aimed at bolstering its corporate functions and U.S. banking operations. Manuel A. Chinea, previously Chief Operating Officer of Popular Bank since February 2013, has been promoted to Executive Vice President and Chief Experience and Administration Services Officer for the parent company. In this new role, Mr. Chinea will be responsible for critical areas including customer experience, human resources, corporate real estate, and marketing, signaling a strategic focus on these areas. Concurrently, Israel Velasco, who has led Popular Bank's Florida operations as Senior Vice President and Florida Region Executive since June 2005, will succeed Mr. Chinea as Executive Vice President and Head of U.S Operations of Popular Bank.