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 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.
Popular, Inc. (NASDAQ:BPOP) will announce its third-quarter financial results for the period ending December 31, 2020, on January 28, 2021, before market opening. A conference call to discuss these results is scheduled for the same day at 10:00 a.m. Eastern Time, accessible via the company's website or through telephone. A replay of the call will be available post-event until February 28, 2021. Popular, Inc. is a leading financial institution in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets.
Popular, Inc. (NASDAQ: BPOP) has announced that its principal subsidiary, Banco Popular de Puerto Rico (BPPR), has been named 'Bank of the Year Puerto Rico' by The Banker for the seventh consecutive year. The recognition highlights BPPR's strategic initiatives, including acquiring Wells Fargo's auto loan business and successfully facilitating over 29,000 Paycheck Protection Program loans totaling $1.4bn during the COVID-19 pandemic. The awards ceremony acknowledged BPPR's role in supporting local communities and enhancing digital banking services, with app sign-ups increasing by 40% during the crisis.
Popular, Inc. (NASDAQ: BPOP) declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on December 31, 2020. 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 for 6.125% Cumulative Monthly Income Trust Preferred Securities, both due on January 4, 2021. Holders must be on record by December 15, 2020.
Popular, Inc. (NASDAQ: BPOP) has declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend distribution is scheduled for January 4, 2021, with an ex-dividend date of December 11, 2020. As a prominent financial institution in Puerto Rico, Popular, Inc. offers various banking services through its subsidiaries across Puerto Rico and the mainland U.S., enhancing its standing among the top 50 U.S. bank holding companies by assets.
The COVID-19 pandemic has inspired Popular's musical production, "Somos música," set to air on December 6 at 8 p.m. in Puerto Rico and online. This year's production highlights the importance of music during the pandemic, featuring artists like Natalia Jiménez, Tommy Torres, and Ozuna, who share their experiences and the role of music in coping with isolation. As a continuation of a 27-year tradition, part of the funds raised will support the Fundación Banco Popular for musical programs in schools.
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, 2003 Series A, payable on November 30, 2020, to shareholders on record as of November 15, 2020.
Additionally, the company announced distributions for Trust Preferred Securities: $0.139583 per security of 6.700% Cumulative Monthly Income Trust Preferred Securities, and $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities, both payable on December 1, 2020.
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 November 2, 2020, to holders of record by October 15, 2020. Additionally, it announced distributions on its Trust Preferred Securities, including $0.139583 for 6.700% Cumulative Monthly Income Trust Preferred Securities and $0.127604 for 6.125% Cumulative Monthly Income Trust Preferred Securities, both payable on November 2, 2020.