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 declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, with a payment date of December 30, 2022 for holders of record as of December 15, 2022.
Additionally, a distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities (BPOPM) will be payable on January 3, 2023, to holders of record as of December 15, 2022.
Popular, Inc. (NASDAQ: BPOP) has declared a quarterly cash dividend of
As the leading financial institution in
Popular, Inc. (NASDAQ: BPOP) has declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on November 30, 2022, to holders of record by November 15, 2022. Additionally, the company announced a distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities, payable on December 1, 2022, to holders of record as of November 15, 2022.
Popular, Inc. (NASDAQ:BPOP) reported a net income of $422.4 million for Q3 2022, up from $211.4 million in Q2 2022. Excluding the Evertec transactions, net income was $195.8 million. The net interest margin improved to 3.32% from 3.09%. Non-performing loans (NPLs) decreased by $24.5 million, with a ratio of 1.4%. However, net charge-offs rose by $12.2 million to 0.24% of average loans. The company also completed a $400 million accelerated share repurchase program and is resilient after Hurricane Fiona.
Popular, Inc. (BPOP) will participate in the BancAnalysts Association of Boston (BAAB) Conference on November 4, 2022, at 9:00 a.m. ET. Carlos J. Vázquez, CFO, will represent the company. A live audio webcast of the event will be available on the Investor Relations website, with a replay accessible afterward. Popular, Inc., founded in 1893, is Puerto Rico's leading financial institution by assets and deposits and ranks among the top 50 U.S. bank holding companies.
Popular, Inc. (NASDAQ: BPOP) declared a monthly cash dividend of
Popular, Inc. (NASDAQ:BPOP) is set to announce its financial results for the third quarter ending September 30, 2022 on October 26, 2022, before market opening. A conference call will follow at 11:00 a.m. ET to discuss these results, which will be accessible via the company's investor relations website. As the leading financial institution in Puerto Rico by assets and deposits, Popular, Inc. continues to provide various banking services across the region and mainland U.S.
Popular, Inc. (NASDAQ: BPOP) declared a monthly cash dividend of $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on September 30, 2022, to holders of record as of September 15, 2022. Additionally, a monthly distribution of $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities (BPOPM) will be paid on October 3, 2022, also to holders of record as of September 15, 2022. These dividends reflect the company's commitment to return value to shareholders.
Popular, Inc. (NASDAQ: BPOP) announced an accelerated share repurchase agreement on August 24, 2022, to repurchase $231 million of its common stock. The initial payment of $231 million will be made on August 26, 2022, resulting in the delivery of approximately 2.34 million shares. The transaction will decrease capital surplus by $46 million and increase treasury stock by $185 million. This repurchase is part of the Corporation’s 2022 capital actions, further bolstered by $131 million in after-tax gains from the sale of shares of EVERTEC, Inc.
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