What is the size of Popular's new repurchase authorization?

The new authorization permits repurchases of up to $1 billion in common stock. This follows the corporation's full utilization of its prior $500 million authorization approved in 2025. The authorization does not require the corporation to acquire any specific amount and may be modified, suspended, or terminated without notice.

How much has Popular repurchased under its current programs?

As of the July 23, 2026 announcement, Popular had repurchased approximately $280 million in common stock during 2026 and fully utilized the prior $500 million authorization from 2025.

What methods will Popular use to execute the repurchases?

Repurchases may be executed through open market transactions, privately negotiated transactions, block trades, or any other manner determined by the corporation. The timing, quantity, and price are subject to market conditions, capital position, liquidity, financial performance, and regulatory considerations.

Does the authorization require Popular to complete the full $1 billion in repurchases?

No. The authorization is discretionary and does not require the corporation to acquire any specific dollar amount or number of shares. It may be modified, suspended, or terminated at any time without prior notice.

Was any execution already completed under this authorization?

No execution is reported under this new authorization in the filing. The $280 million and full $500 million utilization figures cited refer to repurchases completed under the prior 2025 authorization. Execution under the new authorization will be disclosed in future periodic filings.

What triggered the new authorization announcement?

Popular cited its significant excess capital, robust liquidity, and strong financial performance as enabling factors. The company announced the new authorization alongside a dividend increase from $0.75 to $0.90 per share, effective in Q4 2026, reflecting management confidence in sustainable financial results.

BPOPM 8-K Filed 2026-07-23 New authorization

Popular authorizes new $1B share repurchase program

Bank holding company approves $1 billion buyback authorization after fully utilizing $500 million prior program in 2026.

Authorization$1.0B

MechanismOpen market transactions, priv

What the filing says

Popular, Inc. announced a new common stock repurchase authorization of up to $1 billion on July 23, 2026. The authorization follows the corporation's full utilization of its $500 million repurchase program approved in 2025, with approximately $280 million repurchased year-to-date as of the announcement date.

The corporation's planned repurchases may be executed through open market transactions, privately negotiated transactions, block trades, or other methods as determined by the corporation. The timing, quantity, and price of repurchases will be subject to various factors, including market conditions, capital position, liquidity, financial performance, capital impact of strategic initiatives, and regulatory considerations including subsidiary dividend approvals.

The board authorization does not obligate the corporation to acquire a specific dollar amount or share count, and may be modified, suspended, or terminated without prior notice. The new authorization was announced alongside a quarterly common stock dividend increase from $0.75 to $0.90 per share, effective in the fourth quarter of 2026, subject to board approval.

a new common stock repurchase authorization of up to $1 billion. — POPULAR, INC. 8-K filing · View on SEC EDGAR →

What this means

Popular's new $1 billion buyback authorization represents a capital deployment mechanism following rapid utilization of its prior $500 million program in 2026. The bank has demonstrated an active approach to share repurchases, deploying approximately $280 million in the year-to-date period through the second quarter. The authorization is discretionary—no specific targets apply—and may be executed flexibly depending on market conditions and the company's capital sufficiency relative to regulatory requirements. The buyback announcement accompanies a dividend increase, signaling management confidence in the bank's capacity to sustain capital returns to shareholders while maintaining appropriate leverage and liquidity.

Frequently asked questions

What is the size of Popular's new repurchase authorization?: The new authorization permits repurchases of up to $1 billion in common stock. This follows the corporation's full utilization of its prior $500 million authorization approved in 2025. The authorization does not require the corporation to acquire any specific amount and may be modified, suspended, or terminated without notice.
How much has Popular repurchased under its current programs?: As of the July 23, 2026 announcement, Popular had repurchased approximately $280 million in common stock during 2026 and fully utilized the prior $500 million authorization from 2025.
What methods will Popular use to execute the repurchases?: Repurchases may be executed through open market transactions, privately negotiated transactions, block trades, or any other manner determined by the corporation. The timing, quantity, and price are subject to market conditions, capital position, liquidity, financial performance, and regulatory considerations.
Does the authorization require Popular to complete the full $1 billion in repurchases?: No. The authorization is discretionary and does not require the corporation to acquire any specific dollar amount or number of shares. It may be modified, suspended, or terminated at any time without prior notice.
Was any execution already completed under this authorization?: No execution is reported under this new authorization in the filing. The $280 million and full $500 million utilization figures cited refer to repurchases completed under the prior 2025 authorization. Execution under the new authorization will be disclosed in future periodic filings.
What triggered the new authorization announcement?: Popular cited its significant excess capital, robust liquidity, and strong financial performance as enabling factors. The company announced the new authorization alongside a dividend increase from $0.75 to $0.90 per share, effective in Q4 2026, reflecting management confidence in sustainable financial results.

authorization buyback banking-sector capital-actions common-stock discretionary

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.