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 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.
Popular, Inc. (NASDAQ: BPOP) has declared a quarterly cash dividend of $0.55 per share on its outstanding common stock. This dividend will be payable on October 3, 2022, to shareholders of record as of September 7, 2022. As the leading financial institution in Puerto Rico by both assets and deposits, Popular offers a range of services, including retail, mortgage, and commercial banking, alongside investment and insurance services.