Popular Inc. - BPOP STOCK NEWS

Welcome to our dedicated news page for Popular (Ticker: BPOP), a resource for investors and traders seeking the latest updates and insights on Popular.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Popular's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Popular's position in the market.

04/23/2024 08:00 AM

News

Popular, Inc. Announces First Quarter 2024 Financial Results

Rhea-AI Summary

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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04/18/2024 02:29 PM

News

Rhea-AI Summary

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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04/05/2024 09:15 AM

News

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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End-of-Day

0.22%

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03/29/2024 09:00 AM

News

Rhea-AI Summary

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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03/05/2024 09:15 AM

News

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.

Rhea-AI Impact

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End-of-Day

4.21%

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02/27/2024 09:00 AM

News

Rhea-AI Summary

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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End-of-Day

1.41%

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02/23/2024 07:27 AM

News

Rhea-AI Summary

Popular, Inc. (BPOP) declares a quarterly cash dividend of $0.62 per share for shareholders, payable on April 1, 2024.

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End-of-Day

-0.05%

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02/05/2024 09:15 AM

News

Rhea-AI Summary

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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End-of-Day

-1.07%

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01/25/2024 07:00 AM

News

Rhea-AI Summary

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.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

2.8%

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01/04/2024 09:15 AM

News

Rhea-AI Summary

Popular, Inc. (BPOP) declares monthly cash dividend on Non-Cumulative Monthly Income Preferred Stock and Trust Preferred Securities

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-0.68%

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Popular Inc.

Nasdaq:BPOP

BPOP Rankings

#1056 Ranked by Market Cap

#1163 Ranked by Dividends

BPOP Stock Data

Market Cap 5.88B

Float 70.37M

Insiders Ownership 1.78%

Institutions Ownership 89.21%

Short Percent 0.66%

Industry Commercial Banking

Sector Finance and Insurance

Website Link

Country Puerto Rico

City 209 Ave Ponce De Leon

About BPOP

banco popular de puerto rico is popular, inc.’s main subsidiary and the primary financial institution in puerto rico. we serve more than 1.4 million individuals and business clients and pride ourselves in offering a wide variety of financial products and services. innovation and top quality service are our drivers which is why we offer our customers over 600 atms, more than 160 branches and multiple banking platforms, such as: mi banco online, mi banco mobile apps and a 24/7 call center called telebanco. we make sure to always stay true to our institutional values: social commitment, our customers, integrity, excellence, innovation, our people and performance. in order to continue to provide the top quality service we have offered for the past 121 years, we look for top quality talent, which is why our more than 6,000 employees are not just employees, but family. our people commit to exceptional performance and are recognized with competitive salaries and benefits. look for more in