POPULAR, INC.BPOP

POPULAR, INC. Earnings Per Share Disclosure

10-KFiled Mar 2, 20262 min read
Note 30 – Net income per common share
The
 
following table
 
sets
 
forth the
 
computation of
 
net
 
income per
 
common share
 
(“EPS”), basic
 
and diluted,
 
for the
 
years
 
ended
December 31, 2025, 2024 and 2023:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands, except per share information)
2025
2024
2023
Net income
$
833,159
$
614,212
$
541,342
Preferred stock dividends
(1,412)
(1,412)
(1,412)
Net income applicable to common stock
$
831,747
$
612,800
$
539,930
Average common shares outstanding
67,586,130
71,590,757
71,710,265
Average potential dilutive common shares
 
26,717
32,945
81,427
Average common shares outstanding - assuming dilution
67,612,847
71,623,702
71,791,692
Basic EPS
$
12.31
$
8.56
$
7.53
Diluted EPS
$
12.30
$
8.56
$
7.52
Potential common shares consist of shares of common stock issuable under the assumed exercise of stock options, restricted stock
and
 
performance
 
share
 
awards
 
using
 
the
 
treasury
 
stock
 
method.
 
This
 
method
 
assumes
 
that
 
the
 
potential
 
common
 
shares
 
are
issued and
 
the proceeds
 
from exercise,
 
in addition
 
to the
 
amount of
 
compensation cost
 
attributed to
 
future services,
 
are used
 
to
purchase shares of common stock at the exercise date. The difference between the number of potential common shares issued and
the shares
 
of common
 
stock
 
purchased is
 
added as
 
incremental shares
 
to
 
the actual
 
number of
 
shares outstanding
 
to
 
compute
diluted
 
earnings
 
per
 
share.
 
Warrants,
 
stock
 
options,
 
restricted
 
stock
 
and
 
performance share
 
awards,
 
if
 
any,
 
that
 
result
 
in
 
lower
potential common shares
 
issued than shares
 
of common stock
 
purchased under the treasury
 
stock method are
 
not included in
 
the
computation of dilutive earnings per share
 
since their inclusion would have an antidilutive effect in earnings
 
per common share.

Historical Timeline

Fiscal YearFiled
2025Mar 2, 2026Showing above
2024Mar 3, 2025
2023Feb 29, 2024
2022Mar 1, 2023
2021Mar 1, 2022
2020Mar 1, 2021

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

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