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Popular Inc - BPOP STOCK NEWS

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.

Rhea-AI Summary
Popular, Inc. (BPOP) declares monthly cash dividends on its Non-Cumulative Monthly Income Preferred Stock and Trust Preferred Securities. Shareholders of record as of April 15, 2024, will receive dividends in April and May 2024.
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Popular, Inc. (NASDAQ: BPOP) will release its Q1 2024 financial results on April 23, 2024. A conference call will follow at 11:00 a.m. ET, accessible online or via phone. Replay options available. Details on Popular's website.
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Rhea-AI Summary
Popular, Inc. (BPOP) declares monthly cash dividends on its Non-Cumulative Monthly Income Preferred Stock and Trust Preferred Securities, with $0.132813 per share and $0.127604 per security, payable on April 1, 2024.
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Popular, Inc. (BPOP) will participate in the RBC Capital Markets Financial Institutions Conference on March 5, 2024. Carlos J. Vázquez, EVP and CFO, will speak at 4:00 p.m. ET. The event will be live-streamed on the company's Investor Relations website.
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Popular, Inc. (BPOP) declares a quarterly cash dividend of $0.62 per share for shareholders, payable on April 1, 2024.
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Popular, Inc. (NASDAQ: BPOP) has declared monthly cash dividends on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock and Trust Preferred Securities. The monthly cash dividend for the Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, is $0.132813 per share, payable on February 29, 2024, while the monthly distribution for the Trust Preferred Securities is $0.127604 per security, payable on March 1, 2024. Both payments are for holders of record as of February 15, 2024.
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Popular, Inc. (NASDAQ:BPOP) reported a net income of $94.6 million for Q4 2023, compared to $136.6 million in Q3 2023. Adjusted net income was $139.9 million. Year 2023 net income was $541.3 million, compared to $1.1 billion in 2022. Net interest income was $534.2 million, net interest margin was 3.08% in Q4 2023. Non-interest income was $168.7 million, and operating expenses were $531.1 million. Common Equity Tier 1 ratio was 16.30%. NPLs decreased by $3.9 million from Q3 2023, NPLs to loans ratio was 1.0%. Loans ending balances increased by $1.0 billion, and ending deposit balances increased by $280.6 million. Earnings per share was $1.31 for Q4 2023.
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Rhea-AI Summary
Popular, Inc. (BPOP) declares monthly cash dividend on Non-Cumulative Monthly Income Preferred Stock and Trust Preferred Securities
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Popular, Inc. (NASDAQ:BPOP) expects to report Q4 financial results on January 25, 2024, with a conference call at 10:00 a.m. ET. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation’s website. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. A replay of the webcast will be archived in Popular’s website.
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Popular, Inc. (NASDAQ: BPOP) announced the retirement of CFO Carlos J. Vázquez, effective March 31, 2024, after serving since 2013. He will be succeeded by Jorge J. García, currently Corporate Comptroller and Chief Accounting Officer. Mr. García joined Popular in 2005 and holds a B.B.A. in Accounting from the University of Iowa. Additionally, Ms. Denissa M. Rodríguez Adorno has been appointed as Corporate Comptroller and Chief Accounting Officer. These appointments reflect the commitment to develop leaders for the organization's future success.
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FAQ

What is the current stock price of Popular (BPOP)?

The current stock price of Popular (BPOP) is $91.66 as of December 20, 2024.

What is the market cap of Popular (BPOP)?

The market cap of Popular (BPOP) is approximately 6.5B.

What is Popular Inc. (BPOP)?

Popular Inc. is a financial holding company based in Puerto Rico, operating through subsidiaries like Banco Popular de Puerto Rico and Banco Popular North America.

Who are Popular Inc.'s primary clients?

Popular Inc. serves over 1.4 million individuals and business clients primarily through Banco Popular de Puerto Rico.

What services does Banco Popular de Puerto Rico offer?

Banco Popular de Puerto Rico offers a wide range of financial products and services, including online banking, mobile apps, and a 24/7 call center.

How extensive is Banco Popular de Puerto Rico's reach?

The bank operates over 600 ATMs and more than 160 branches across Puerto Rico.

What other subsidiaries are part of Popular Inc.?

Popular Inc. includes Banco Popular North America, Evertec (a data processor), and Popular Financial Holdings.

What are the core values of Popular Inc.?

Popular Inc. values social commitment, customer focus, integrity, excellence, innovation, and performance.

How long has Popular Inc. been in operation?

Popular Inc. has been providing financial services for over 121 years.

How many employees does Popular Inc. have?

Popular Inc. employs over 6,000 individuals who are considered part of the company’s family.

How does Popular Inc. ensure high-quality service?

The company maintains high service standards through continuous innovation and by hiring top-quality talent.

Where can I find the latest news about Popular Inc.?

You can stay updated with the latest developments and news about Popular Inc. by following the news section on our website.

Popular Inc

Nasdaq:BPOP

BPOP Rankings

BPOP Stock Data

6.46B
69.83M
1.77%
90.57%
0.83%
Banks - Regional
State Commercial Banks
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United States of America
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