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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.

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Popular, Inc. (NASDAQ:BPOP) will release its Q2 financial results for the period ending June 30, 2024, on July 24, 2024, before the market opens. The company will also hold a conference call at 11:00 a.m. ET the same day to discuss these results. The call will be streamed live on Popular's investor relations website, and a replay will be available until August 23, 2024. Popular, Inc. is a leading financial institution in Puerto Rico and among the top 50 U.S. bank holding companies.

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Popular announced a monthly cash dividend of $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on July 1, 2024 to holders of record as of June 15, 2024.

Additionally, the company declared a monthly distribution of $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, also payable on July 1, 2024 to holders of record as of June 15, 2024.

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Popular, Inc. (NASDAQ:BPOP) announced the appointment of Javier D. Ferrer as President and Chief Operating Officer. Ferrer will continue reporting to Popular's CEO and oversee all business units in Puerto Rico, mainland US, and the Virgin Islands. He will also lead Popular's strategic planning and data analytics functions, effective May 9, 2024.

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Popular, Inc. (NASDAQ: BPOP) declared a quarterly cash dividend of $0.62 per share on its outstanding common stock. The dividend will be payable on July 1, 2024 to shareholders of record at the close of business on May 30, 2024.

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Popular, Inc. (NASDAQ: BPOP) declared a monthly cash dividend and distribution on its preferred stock and trust preferred securities. The dividend on the Non-Cumulative Monthly Income Preferred Stock is $0.132813 per share, while the distribution on the Trust Preferred Securities is $0.127604 per security.

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Popular, Inc. reported a net income of $103.3 million for Q1 2024, compared to $94.6 million in Q4 2023. Adjusted net income was $135.2 million and $139.9 million for Q1 2024 and Q4 2023, respectively. Net interest income increased to $550.7 million with a margin of 3.16%. Operating expenses decreased by $48.0 million. Credit quality remained stable, with NPLs and NCOs showing slight changes. Ending deposit balances and loans increased. Common Equity Tier 1 ratio stood at 16.36%. The faced expenses related to the FDIC Special Assessment and tax impact on intercompany distributions.
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Banco Popular launches a new campaign 'We Follow Your Rhythm' introducing audio branding, focusing on customer diversity and banking preferences. The campaign aims to highlight convenience, accessibility, and modern branding through digital and traditional channels. The campaign features collaborations with local musicians, students, and a custom-composed audio branding by Puerto Rican singer-songwriter Tommy Torres.
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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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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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FAQ

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

The current stock price of Popular (BPOP) is $100.43 as of February 28, 2025.

What is the market cap of Popular (BPOP)?

The market cap of Popular (BPOP) is approximately 7.0B.

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

7.04B
68.69M
1.77%
90.21%
1.62%
Banks - Regional
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United States
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