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. (NASDAQ: BPOP) is a financial holding company and the leading financial institution by assets and deposits in Puerto Rico, with banking operations that extend to the U.S. and British Virgin Islands and selected mainland U.S. markets. This news page aggregates company-issued updates and market-moving announcements related to Popular’s commercial banking activities and financial performance.
Readers can follow BPOP news covering quarterly and annual financial results, where Popular reports on net interest income, net interest margin, non-interest income, operating expenses, credit quality indicators and capital ratios. Earnings releases often include management commentary on loan and deposit growth, asset mix, deposit costs and the impact of investments in U.S. Treasury securities and other earning assets, as well as discussion of non-GAAP measures such as net interest income on a taxable equivalent basis and tangible common equity.
News items also include announcements of cash dividends on Popular’s common stock, monthly cash dividends on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, and monthly distributions on its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II. These releases provide details on record dates, payment dates and board approvals, giving investors insight into Popular’s capital actions.
In addition, this feed features recognition and strategic updates, such as Banco Popular de Puerto Rico being named “Bank of the Year Puerto Rico 2025” by The Banker magazine, and descriptions of Popular’s transformation efforts, data-driven customer personalization framework and Cloud-first strategy. For investors, analysts and observers of the commercial banking sector, the BPOP news page offers a centralized view of Popular’s public communications, from financial results and dividends to awards and strategic commentary.
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 $0.55 per share. This dividend will be payable on January 3, 2023 to shareholders who are on record as of the close of business on December 7, 2022.
As the leading financial institution in location value="LC/pr" idsrc="xmltag.org"Puerto Rico, Popular, Inc. boasts significant assets and ranks among the top 50 U.S. bank holding companies. Founded in 1893, it provides a wide range of banking services.
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.
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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 $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A. This dividend is payable on October 31, 2022, to shareholders of record by October 15, 2022. Additionally, the company announced a monthly distribution of $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities, payable on November 1, 2022, to holders of record by October 15, 2022.
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.