Popular Inc - BPOP STOCK NEWS

Popular, Inc. (NASDAQ:BPOP) has announced it will release its fourth quarter 2024 financial results before market opening on Tuesday, January 28, 2025. The company will host a conference call at 10:00 a.m. Eastern Time to discuss the results. The call will be accessible via webcast through the company's website and through dial-in numbers.

Popular is the leading financial institution in Puerto Rico by assets and deposits, ranking among the top 50 U.S. bank holding companies. Through its subsidiaries, it provides retail, mortgage, commercial banking, auto and equipment leasing, investment banking, broker-dealer, and insurance services in Puerto Rico, the U.S. Virgin Islands, and mainland United States through branches in New York, New Jersey, and Florida.

Banco Popular de Puerto Rico has been named 'Bank of the Year Puerto Rico' by The Financial Times' The Banker magazine for the twelfth time. The recognition highlights Popular's corporate purpose of 'Putting People at the Center of Progress' through financial inclusion and entrepreneurial support initiatives.

Key achievements include the Emprende Con Popular program for entrepreneur support, SimpleCredit for small business loans, and a $300 million technology investment. The bank was also recognized for funding affordable housing and renewable energy projects. The Banker's awards, considered the industry standard for banking excellence, evaluated over 400 submissions from 127 countries, acknowledging institutions that have demonstrated resilience and innovation amid economic challenges.

Popular Inc (NASDAQ: BPOP) has announced two key dividend distributions:

• A monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable December 31, 2024, to holders of record as of December 15, 2024
• A monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable January 2, 2025, to holders of record as of December 15, 2024

Popular Inc (NASDAQ: BPOP) announced that its Board of Directors has approved a quarterly cash dividend of $0.70 per share on its outstanding common stock. The dividend will be payable on January 2, 2025 to shareholders of record at the close of business on December 6, 2024.

Popular Inc. (NASDAQ: BPOP) has announced two dividend distributions. The company declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, and a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II. Both distributions are payable on December 2, 2024 to holders of record as of November 15, 2024.

Popular Inc. reported Q3 2024 net income of $155.3 million, down from $177.8 million in Q2 2024. Net interest income increased to $572.5 million, up $4.2 million from Q2. The bank maintained stable credit quality with NPLs to loans ratio at 1.0%. Loan balances grew by $603.3 million to $36.2 billion, while deposits decreased by $1.9 billion to $63.7 billion. The company completed share repurchases of 599,096 shares for $58.8 million at an average price of $98.11. Common Equity Tier 1 ratio stood at 16.42%, with Tangible Book Value per share increasing by $6.33 to $69.04.

Popular, Inc. (NASDAQ: BPOP) has announced dividend and distribution payments for its preferred stock and trust preferred securities. The company declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on October 31, 2024 to holders of record as of October 15, 2024.

Additionally, Popular announced a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II. This distribution is payable on November 1, 2024 to holders of record as of October 15, 2024.

Popular, Inc. (NASDAQ:BPOP) has announced it will report its financial results for the second quarter ending June 30, 2024, before the market opens on Wednesday, October 23, 2024. The company will hold a conference call to discuss these results on the same day at 11:00 a.m. Eastern Time.

The call will be broadcast live over the Internet and can be accessed through the investor relations section of Popular's website. A dial-in option is also available. A replay of the webcast will be archived on the website, and a telephone replay will be available until Friday, November 22, 2024.

Popular, Inc. is the leading financial institution by assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, its principal subsidiary, Banco Popular de Puerto Rico, provides various banking services in Puerto Rico and the U.S. Virgin Islands.

Popular (NASDAQ: BPOP) has declared a monthly cash dividend on its Non-Cumulative Monthly Income Preferred Stock and announced a distribution on Trust Preferred Securities. The company will pay a $0.132813 per share dividend on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, on September 30, 2024, to holders of record as of September 15, 2024. Additionally, Popular Capital Trust II will distribute $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities on October 1, 2024, to holders of record as of September 15, 2024.