Banco Popular autoriza plan para recomprar $1,000 millones en acciones

Popular Second Quarter Profit Jumps 32%, US$1bn Buyback

Popular Inc posted net income of $278M (+32% YoY) and authorized $1.0B share buyback. CFO García's promotion to CEO signals continuity in capital strategy; 3.66% NIM combined with fortress 16.08% CET1 ratio supports aggressive 20% dividend hike and 14-17% ROTCE target—a bet on sustained rate stability.