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. reports developments as a Puerto Rico-based financial holding company whose principal banking subsidiary is Banco Popular de Puerto Rico. The company provides retail, mortgage and commercial banking in Puerto Rico and the U.S. and British Virgin Islands, auto and equipment leasing and financing in Puerto Rico, and broker-dealer and insurance services through specialized subsidiaries.
Recurring BPOP news includes quarterly financial results, loan and credit quality trends, common stock dividends, preferred stock dividends, trust preferred securities distributions, executive leadership changes and investor conference participation. Updates also cover Popular Bank, the company’s New York-chartered mainland U.S. banking subsidiary with branches in New York, New Jersey and Florida.
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 $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.