Welcome to our dedicated page for Popular news (Ticker: BPOP), a resource for investors and traders seeking the latest updates and insights on Popular stock.
Popular Inc (symbol: BPOP) is a prominent financial holding company headquartered in Puerto Rico. With its roots deeply embedded in financial services, Popular Inc. operates through four main subsidiaries. The most notable among them is Banco Popular de Puerto Rico, the leading financial institution on the island, serving over 1.4 million individuals and business clients.
Banco Popular de Puerto Rico offers an extensive range of financial products and services that cater to varying customer needs. The bank's expansive reach is evident through its network of over 600 ATMs and more than 160 branches. Additionally, it provides multiple convenient banking platforms such as Mi Banco Online, Mi Banco Mobile apps, and a 24/7 call center known as TeleBanco.
Popular Inc. also extends its operations to the continental United States through Banco Popular North America. Furthermore, the company diversifies its services with Evertec, a data processing firm, and Popular Financial Holdings, a diversified financial services company.
The corporation prides itself on its core values: social commitment, customer focus, integrity, excellence, innovation, and performance. With a heritage spanning over 121 years, Popular Inc. attributes its success to its more than 6,000 dedicated employees. The company not only offers competitive salaries and benefits but also fosters a familial corporate culture, ensuring that its workforce remains motivated and committed to exceptional performance.
Popular Inc. remains steadfast in its mission to provide top-quality financial services and continues to evolve and innovate to meet the growing needs of its clientele. The company’s commitment to excellence and innovation ensures that it remains a pivotal player in the financial industry.
To stay updated with the latest news and developments related to Popular Inc., be sure to follow our news section regularly.
Popular Inc (NASDAQ: BPOP) announced that CEO Ignacio Alvarez will retire on June 30, 2025, after serving since 2017. Current President and COO Javier D. Ferrer has been appointed as the next CEO.
Ferrer, who joined Popular in 2014 as Chief Legal Officer, has served as Executive VP and COO since January 2022 and was appointed President in May 2024. In his current role, he oversees all business lines, Strategic Planning, and Data and Analytics functions.
Under Alvarez's leadership, Popular expanded its auto business through acquisition, acquired customer-facing channels from Evertec, and launched a company-wide transformation to modernize delivery channels. He also guided the company's response to Hurricane Maria and the global pandemic.
Popular Inc (NASDAQ: BPOP) has announced a quarterly cash dividend of $0.70 per share on its outstanding common stock. The dividend will be distributed to shareholders of record as of March 18, 2025, with the payment scheduled for April 1, 2025.
Popular, Inc. (NASDAQ: BPOP) has announced its participation in the upcoming RBC Capital Markets Global Financial Institutions Conference in New York City on March 5, 2025. Jorge J. Garcia, Executive Vice President and Chief Financial Officer, will deliver a presentation at 2:40 p.m. Eastern Time.
The presentation will be accessible through a live audio webcast on Popular's Investor Relations website, with a replay option available after the event. This conference represents an important opportunity for investors to gain insights into Popular's financial strategies and performance.
Popular, Inc. (NASDAQ: BPOP) has announced two key 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, payable on February 28, 2025, to holders of record as of February 15, 2025.
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 will be payable on March 3, 2025, to holders of record as of February 15, 2025.
Popular Inc. (BPOP) reported Q4 2024 net income of $177.8 million, up from $155.3 million in Q3 2024. Full-year 2024 net income reached $614.2 million, compared to $541.3 million in 2023. Net interest income increased by $18.3 million to $590.8 million in Q4, with net interest margin improving to 3.35%.
The bank maintained stable credit quality with non-performing loans decreasing by $10.6 million and NPL ratio dropping to 0.95%. Loans in portfolio grew by $912.7 million to $37.1 billion, while deposits increased by $1.2 billion to $64.9 billion.
During 2024, BPOP repurchased 2.26 million shares for $217.3 million and increased its quarterly dividend from $0.62 to $0.70 per share. The bank maintained strong capital positions with Common Equity Tier 1 ratio at 16.03% and Tangible Book Value per share at $68.16.
Popular Inc (NASDAQ: BPOP) has announced dividend payments for both 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 January 31, 2025, to holders of record as of January 15, 2025.
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, payable on February 3, 2025, to holders of record as of January 15, 2025.
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.
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