8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 30, 2013

POPULAR, INC.

(Exact name of registrant as specified in its charter)

Puerto Rico	001-34084	66-0667416
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification Number)

209 Munoz Rivera Avenue Hato Rey, Puerto Rico	00918
(Address of principal executive offices)	(Zip code)

(787) 765-9800

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure

The executive officers of Popular, Inc. intend to use the materials filed herewith, in whole or in part, in its annual shareholders’ meeting to be held on April 30, 2013. A copy of the presentation is attached hereto as Exhibit 99.1.

Popular, Inc. does not intend for this Item 7.01 or Exhibit 99.1 to be treated as “filed” under the Securities Exchange Act of 1934, as amended, or incorporated by reference into its filings under the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits

The following exhibit shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended.

Exhibit 99.1- Annual Shareholders’ Meeting Presentation

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		POPULAR, INC.
		(Registrant)
Date: April 30, 2013	By:	/s/ Jorge J. García
		Jorge J. García
		Senior Vice President and Corporate Comptroller

EX-99.1

Exhibit 99.1

Focus Areas

2012

Q1 2013

CREDIT

QUALITY

Reduced non-performing loans

held in portfolio by $313 million

or 18%

Reduction of 27% in NPL inflows

Completed bulk sale of non-

performing assets

Positive trends, even when

excluding impact of sale

Focus Areas

2012

Q1 2013

EFFICIENCY

Executed a voluntary

retirement window

Continued process redesign

efforts

Continued process redesign

efforts

ASSET

ACQUISITION

& BUSINESS

GROWTH

Acquired approximately $800

million in assets, mainly

consumer loans in P.R. and

mortgage loans in the U.S.

Strong mortgage origination in

P.R.

Completed acquisition of two

mortgage portfolios, amounting

to approximately $800 million

POPULAR

COMMUNITY

BANK

Second consecutive profitable

year

Solidified trend of improving

credit quality

Completed the rebranding

process

Profitable quarter

Continued improvement in

credit quality

Financial Results –

Balance Sheet

$ in thousands

2011

2012

3/31/2013

Assets

Cash and equivalents

535,282

$          

439,363

$        

242,290

$        

Investments

7,127,591

6,812,566

7,305,343

Loans (net)

25,314,392

25,093,632

25,197,686

Allowance for loan losses

(815,308)

(730,607)

(683,368)

Other assets

5,186,475

4,892,581

4,880,763

Total assets

37,348,432

$   

36,507,535

$  

36,942,714

$ 

Liabilities

Deposits

27,942,127

$     

27,000,613

$    

27,013,217

$    

Borrowings

4,293,669

4,430,673

4,969,344

Other liabilities

1,193,883

966,249

989,010

Equity

3,918,753

4,110,000

3,971,143

Total liabilities and equity

37,348,432

$   

36,507,535

$  

36,942,714

$ 

(59)

167

(94)

(12)

(49)

141

Net interest income

Provision for loan losses

Other income

Personnel expenses

Other expenses

Income tax

(5)

8

(43)

0

17

(1)

Net interest income

Provision for loan losses

Other income

Personnel expenses

Other expenses

Income tax

2012 v. 2011

Q1 2013 v. Q4 2012

•

Net income of $245 million

•

Compared to net income of $151 million in 2011

•

Net loss of $120.3 million

•

Excluding impact of NPA sale, net income

of $60.3 million

•

Compared to net income of $84 million

in Q4 2012

Main Variances

Main Variances

(excluding impact of NPA sale)

Negative

/ Positive

Negative / Positive

Financial Results –

Income Statement

Stock Prices

-80%

-60%

-40%

-20%

0%

20%

40%

60%

80%

100%

2010

2011

2012

2013

PR Peers,

-54%

BPOP,

27%

BKX,

32%

US Peers,

31%

Prices as of 4/26/2013

Stock Prices –

P.R. Banks

Looking Ahead

•

Continued focus on credit quality, business growth, organizational

quality and Popular Community Bank

•

Unique franchise in PR provides strong, stable revenue-generating

capacity

•

Strong capital position

o

Will be further enhanced by gain from EVERTEC IPO ($169 million)

•

Actions drive us closer to TARP exit in the most shareholder-friendly

fashion