Popular (NASDAQ: BPOP) sets $0.90 dividend, Oct. 1 payout

Banco Popular of Puerto Rico said CEO Javier Ferrer will retire Aug. 31. Jorge García, previously CFO, will become CEO; Lidio Soriano will move to CFO; and Luis Sousa will become chief risk officer. The changes follow Popular’s Q2 results, with profit up 32.4% and a dividend raised to 90 cents and a $1 billion repurchase authorization.

Banco Popular (Puerto Rico) said CEO Javier Ferrer will retire at end of August after 13 months in the role. CFO Jorge Garcia will become CEO Sept. 1, with Chief Risk Officer Lidio Soriano taking over as CFO. On its 2Q call, Popular reported net income of $278 million (+32% YoY), EPS $4.35, raised NII guidance to 8%-9%, increased the dividend 20%, and authorized up to $1B buybacks.

POPULAR, INC. (BPOP) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 bpop-exx991.htm EX-99.1 BPOP-EX-99.1 4 Exhibit 99.1 SAN JUAN, Puerto Rico – (BUSINESS WIRE) – Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ: BPOP) Popular, Inc. Announces Second Quarter 2026 Financial Results FINANCIAL HIGHLIGHTS ($ in millions

First Phosphate Corp. (PHOS) may face reduced equity dilution after Noble Capital Markets noted potential lower funding needs for its Bégin-Lamarche project, supported by Swiss Export Risk Insurance (SERV) and other financing. SERV could provide up to US$212.5 million, reducing the equity requirement to about US$82.5 million. Noble maintains an Outperform rating and $25.50 price target.

Aon raised $13.75 billion in senior notes, guaranteed by its subsidiaries, with maturities from 2029 to 2056 and coupons ranging from 5.350% to 6.450%. The funds, approximately $13.4 billion after expenses, will support the USI Advantage Corp. acquisition and general corporate purposes. The notes include redemption protections tied to the deal's completion.

Burford Capital (BUR) priced $300M of 8% senior secured notes due 2029 to refinance $400M of 6.25% unsecured notes due 2028. The move aims to reduce debt and extend maturity, but increases borrowing costs and pledges collateral. Success depends on future cash collections and investment performance.