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.
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Popular, Inc. (NASDAQ: BPOP) has declared a monthly cash dividend of $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, set for payment on August 2, 2021, to shareholders of record by July 15, 2021. Additionally, it announced distributions for its Trust Preferred Securities: $0.139583 per security for 6.700% Cumulative Monthly Income Trust Preferred Securities and $0.127604 per security for 6.125% Cumulative Monthly Income Trust Preferred Securities, also payable on August 2, 2021.
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Popular, Inc. (NASDAQ: BPOP) will announce its financial results for Q1 ending June 30, 2021, before market open on July 22, 2021. A conference call discussing the results is scheduled for the same day at 11:00 a.m. Eastern Time, accessible through its investor relations website. Participants should log in 15 minutes early for audio setup. A replay will be available post-call until August 22, 2021, via specified dial-ins and passcode.
Popular, Inc. is Puerto Rico's leading financial institution, offering various banking services across Puerto Rico and the mainland U.S.
Popular, Inc. (NASDAQ: BPOP) has appointed Betty DeVita and José R. Rodríguez as new independent directors of its Board, effective June 25, 2021. DeVita brings extensive banking and payments experience from her roles at Mastercard and Citigroup, while Rodríguez, a former audit partner at KPMG, offers deep expertise in accounting and auditing. Their appointments aim to strengthen the board's oversight and support Popular's growth strategy, as noted by Chairman Richard L. Carrión and CEO Ignacio Alvarez.
Popular, Inc. (Nasdaq: BPOP) announced the completion of the second round of the Paycheck Protection Program (PPP) on May 31, 2021, processing nearly 50,000 loans totaling $2.1 billion. In the latest PPP round, which started on January 19, the bank processed about 20,500 loans amounting to $673 million. The average loan size was $32,800, lower than the national average of $42,000. Popular was a leading institution in Puerto Rico, processing 62% of total PPP loans on the island, aiding approximately 136,000 jobs in sectors like food, retail, and health.
Popular, Inc. (NASDAQ: BPOP) has declared a monthly cash dividend of $0.132813 per share of its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on June 30, 2021, to holders of record as of June 15, 2021.
Additionally, the company announced distributions on its Trust Preferred Securities, including $0.139583 per security of its 6.700% Cumulative Monthly Income Trust Preferred Securities and $0.127604 per security of its 6.125% Cumulative Monthly Income Trust Preferred Securities, both payable on July 1, 2021.
Popular, Inc. (NASDAQ: BPOP) has declared a quarterly cash dividend of $0.45 per share, set for July 1, 2021, to shareholders recorded by May 26, 2021. This dividend reflects the company's ongoing commitment to shareholder returns. As a leading financial institution in Puerto Rico, Popular, Inc. ranks among the top 50 U.S. bank holding companies by assets and offers various banking services in Puerto Rico and the U.S. Virgin Islands, as well as retail banking through its subsidiary on the mainland.
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 June 1, 2021 to holders of record as of May 15, 2021. Additionally, it announced distributions on Trust Preferred Securities: $0.139583 per security on 6.700% Cumulative Monthly Income Trust Preferred Securities, and $0.127604 per security on 6.125% Cumulative Monthly Income Trust Preferred Securities, also payable on June 1, 2021 to holders of record as of May 15, 2021.
Popular, Inc. (NASDAQ: BPOP) has initiated an accelerated share repurchase (ASR) agreement to buy back $350 million of its common stock. The initial payment of $350 million will result in the delivery of 3,785,831 shares. This action, part of the company's capital strategy for 2021, will see approximately $280 million recognized in treasury stock and $70 million as a reduction in capital surplus. The ASR's final settlement is anticipated by Q3 2021, contingent on the stock's average price during the agreement period.
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