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) has appointed Javier D. Ferrer as Chief Operating Officer and Head of Business Strategy, effective January 1, 2022. Ferrer will oversee all business units, aiming to enhance Popular's competitive edge and meet evolving customer needs. Previously serving as Executive Vice President and Chief Legal Officer since 2014, Ferrer brings extensive experience. José R. Coleman Tió is appointed as the new Chief Legal Officer, succeeding Ferrer. This leadership change is expected to deepen the company's business transformation amidst a strong financial position.
Popular, Inc. (NASDAQ:BPOP) reported a net income of $248.1 million for Q3 2021, up from $218.1 million in Q2 2021, attributed to a $61 million reserve release due to improved credit quality and economic outlook. Net interest margin decreased to 2.77% from 2.91%, but net interest income rose to $489.4 million. Non-performing loans decreased by $52.3 million, with a ratio of 2.2% of loans. The company completed a $350 million accelerated share repurchase and a $159 million acquisition of K2 Capital Group.
Popular, Inc. (NASDAQ: BPOP) has declared a monthly cash dividend of $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on November 1, 2021, to holders of record as of October 15, 2021. Additionally, it announced a distribution of $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities, also payable on November 1, 2021. These distributions reflect the company’s commitment to returning value to shareholders.
Popular, Inc. (NASDAQ:BPOP) announced its plans to report third-quarter financial results for the period ending September 30, 2021. The announcement will be made before the market opens on October 20, 2021.
A conference call to discuss the results will occur at 11:00 a.m. Eastern Time on the same day, accessible via the company’s website. A replay will be available until November 17, 2021, via phone and on the website.
Popular, Inc. (NASDAQ: BPOP) announced a redemption notice for all outstanding 6.70% Cumulative Monthly Income Trust Preferred Securities on November 1, 2021. The total amount for redemption is approximately $186.7 million, with a payment of $25.139583 per security. Following this redemption, Popular plans to delist the Popular Capital Trust I (NASDAQ: BPOPN) from the Nasdaq Global Select Market. Holders will receive payments automatically through The Depository Trust Corporation (DTC) without action required on their part.
Popular, Inc. (NASDAQ: BPOP) has declared a monthly cash dividend of $0.132813 for its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on September 30, 2021. Holders of record as of September 15, 2021 are eligible. Additionally, the company announced monthly distributions for its Trust Preferred Securities: $0.139583 for 6.700% Cumulative Trust Preferred Securities (BPOPN) and $0.127604 for 6.125% Cumulative Trust Preferred Securities (BPOPM), both payable on October 1, 2021.
Popular, Inc. (NASDAQ: BPOP) announced a quarterly cash dividend of $0.45 per share on its common stock, payable on October 1, 2021. Shareholders must be on record by the close of business on September 10, 2021. Popular, Inc. is a leading financial institution in Puerto Rico, noted for its comprehensive banking services including retail, mortgage, and commercial banking, as well as auto leasing and investment services. The company ranks among the top 50 U.S. bank holding companies by assets.
Popular, Inc. (NASDAQ: BPOP) has declared a monthly cash dividend of $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on August 31, 2021, to shareholders on record as of August 15, 2021.
Additionally, it announced monthly distributions of $0.139583 per security for 6.700% Cumulative Monthly Income Trust Preferred Securities, and $0.127604 for 6.125% Cumulative Monthly Income Trust Preferred Securities, both payable on September 1, 2021.
Popular, Inc. (NASDAQ: BPOP) will participate in the UBS Financial Services Virtual Conference on August 11, 2021. Carlos J. Vázquez, Executive Vice President and CFO, is scheduled to speak at 3:00 p.m. Eastern Time. A live audio webcast will be available on the Popular, Inc. Investor Relations website, with a replay accessible after the event. Popular, Inc. is a leading financial institution in Puerto Rico and ranks among the top 50 U.S. bank holding companies.
Popular, Inc. (NASDAQ:BPOP) reported net income of $218.1 million for Q2 2021, down from $262.6 million in Q1 2021. Despite this decline, the company highlighted increased consumer spending in Puerto Rico and a $5.9 billion growth in deposit balances. Capital actions include a $350 million accelerated share repurchase and a dividend increase from $0.40 to $0.45 per share. Credit quality remains strong, with a decrease in non-performing loans and a favorable economic outlook.
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