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.
Stay informed about the latest developments from Popular, Inc., the largest financial institution in Puerto Rico and a major regional banking company serving customers across the Caribbean and U.S. mainland markets. This news feed provides comprehensive coverage of corporate announcements, financial results, regulatory filings, strategic initiatives, and market developments affecting the company and its shareholders.
Popular, Inc. operates through two primary subsidiaries: Banco Popular de Puerto Rico, which maintains the largest retail banking network in Puerto Rico and serves customers in the Virgin Islands, and Popular Bank, which operates branches in New York, New Jersey, and Florida. The company offers a full range of banking services including retail and commercial banking, mortgage lending, consumer financing, trust services, investment banking, insurance products, and specialized services through subsidiaries such as Popular Auto, Popular Finance, and Popular Mortgage.
Track quarterly earnings releases, dividend announcements, regulatory developments, market analysis, and strategic updates from this major regional bank holding company. The news coverage includes information relevant to investors, customers, and industry observers interested in Puerto Rico banking, Caribbean financial markets, and U.S. regional banking trends. Follow developments in the company's lending activities, deposit growth, digital banking initiatives, credit quality metrics, and competitive positioning in the markets it serves.
This feed aggregates news from official company sources, financial news services, regulatory filings, analyst reports, and media coverage to provide a complete picture of developments affecting Popular, Inc. and its operations. Whether you're monitoring the Puerto Rico banking sector, tracking regional bank performance, or researching investment opportunities in Caribbean financial institutions, this news source delivers timely and relevant information about one of the region's most significant banking organizations.
Popular Bank, a subsidiary of Popular, Inc. (Nasdaq: BPOP), in collaboration with Latin Business Today, has launched an educational initiative to support Latinx small businesses affected by the COVID-19 pandemic. The initiative includes a nine-part virtual discussion series titled Driving Business Success through the Pandemic, aimed at providing insights on survival strategies and recovery for small business owners. A recent survey indicated that 86% of Latino small business owners faced significant pandemic impacts, with many at risk of closing within six months.
Popular, Inc. (NASDAQ: BPOP) will report its financial results for Q1 2021 on April 28, 2021, before market opens. A conference call will be held the same day at 11:00 a.m. ET, available via the investor relations section of www.popular.com. Participants should access the site 15 minutes early to set up audio software. A replay of the call will be available one hour post-call until May 28, 2021, with specific dial-in details provided. Popular, Inc. is a leading financial institution in Puerto Rico and ranks among the top 50 U.S. bank holding companies.
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 March 31, 2021, to shareholders on record as of March 15, 2021. The company also announced monthly 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, both payable on April 1, 2021.
Popular, Inc. (NASDAQ: BPOP) will participate in the RBC Capital Markets Financial Institutions Conference on March 9, 2021, at 3:20 p.m. Eastern Time. Ignacio Alvarez, the President and CEO, along with CFO Carlos J. Vázquez, will represent the company. Investors can access the live audio webcast via the Popular, Inc. Investor Relations website, with a replay also available afterward.
As a leading financial institution in Puerto Rico, Popular provides a range of services including retail, mortgage, and commercial banking, both in Puerto Rico and the mainland U.S.
Popular, Inc. (NASDAQ: BPOP) has declared a quarterly cash dividend of $0.40 per share on its common stock. This dividend will be paid on April 1, 2021, to shareholders who are on record as of the close of business on March 18, 2021. Popular is a major financial institution in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets, offering a comprehensive range of banking and financial services across various regions.
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, 2003 Series A, payable on March 1, 2021. The record date for this dividend is February 15, 2021. Additionally, the company announced distributions for its Trust Preferred Securities: $0.139583 for the 6.700% Cumulative Monthly Income Trust Preferred Securities from Popular Capital Trust I, and $0.127604 for the 6.125% Cumulative Monthly Income Trust Preferred Securities from Popular Capital Trust II, both payable on March 1, 2021.
Popular, Inc. announced the premature issuance of a press release regarding the declaration of a dividend on its preferred stock and the distribution on its trust preferred securities. The company has requested that the press release NewsItemId: 20210202005855 be retracted. A corrected release is expected to be published later this week.
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, payable on March 1, 2021, to shareholders of record as of February 15, 2021.
Additionally, the company announced distributions for its Trust Preferred Securities, including $0.139583 per security for its 6.700% Cumulative Monthly Income Trust Preferred Securities and $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities, both payable on March 1, 2021.
Popular, Inc. (NASDAQ:BPOP) reported net income of $176.3 million for Q4 2020, up from $168.4 million in Q3 2020, contributing to a total of $507 million for the year. The results reflect a strong performance despite a $293 million provision for credit losses due to the pandemic. Key drivers included a $10.6 million increase in net interest income, although the net interest margin slightly declined to 3.04%. The company also recorded $144.8 million in non-interest income. Popular Bank's strategic realignment included 11 branch closures, aiming to save $12.3 million annually.
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, payable on February 1, 2021, to shareholders of record as of January 15, 2021. Additionally, the company announced monthly distributions for its Trust Preferred Securities: $0.139583 per security for 6.700% Cumulative Monthly Income Trust Preferred Securities and $0.127604 for 6.125% Cumulative Monthly Income Trust Preferred Securities, also payable on February 1, 2021.
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