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 Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on February 28, 2023, to holders of record as of February 15, 2023. Additionally, a monthly distribution of $0.127604 per security will be made on its Cumulative Monthly Income Trust Preferred Securities, payable on March 1, 2023, to holders of record as of February 15, 2023. Popular, Inc. continues to be a leading financial institution in Puerto Rico, with substantial assets and deposits.
Popular, Inc. (NASDAQ:BPOP) reported a net income of $257.1 million for Q4 2022, down from $422.4 million in Q3 2022, impacted by a $68.2 million tax benefit. For 2022, net income reached $1.1 billion, a rise from $934.9 million in 2021. The net interest margin was 3.28% for Q4 2022, down from 3.32% in Q3 2022. Non-performing loans decreased by $14.0 million and the allowance for credit losses to loans was 2.25%. The company launched a multi-year transformation initiative with expected expenses of $50 million in 2023. It also returned $631 million to shareholders through repurchases and increased its dividend to $0.55 per share.
Popular, Inc. (NASDAQ:BPOP) is set to announce its fourth quarter financial results for the period ending December 31, 2022, before market opens on January 25, 2023. A conference call discussing the results will take place at 10:00 a.m. Eastern Time the same day, accessible via the company's website or through dial-in numbers. Popular, a leading financial institution in Puerto Rico, offers various banking services in the region and the mainland U.S., including retail, mortgage, and commercial banking.
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
FAQ
What is the current stock price of Popular (BPOP)?
What is the market cap of Popular (BPOP)?
What is Popular Inc. (BPOP)?
Who are Popular Inc.'s primary clients?
What services does Banco Popular de Puerto Rico offer?
How extensive is Banco Popular de Puerto Rico's reach?
What other subsidiaries are part of Popular Inc.?
What are the core values of Popular Inc.?
How long has Popular Inc. been in operation?
How many employees does Popular Inc. have?
How does Popular Inc. ensure high-quality service?
Where can I find the latest news about Popular Inc.?
