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.
Popular, Inc. (NASDAQ:BPOP) has scheduled its first quarter 2025 financial results announcement for Wednesday, April 23, 2025, before market opening. The company will host a 60-minute conference call at 11:00 a.m. Eastern Time to discuss the results.
Investors can access the call through Popular's website or via telephone using the dial-in numbers +1-833-470-1428 (Toll Free) or +1-404-975-4839 (Local) with access code 225762. A webcast replay will be available on the company's website, and a telephone replay will be accessible until May 23, 2025.
Popular, Inc. maintains its position as the leading financial institution in Puerto Rico by assets and deposits, ranking among the top 50 U.S. bank holding companies by assets. The company operates through Banco Popular de Puerto Rico and Popular Bank, serving Puerto Rico, U.S. Virgin Islands, and mainland United States.
Popular, Inc. (NASDAQ: BPOP) has announced dividend declarations for its preferred stock and trust preferred securities. The company will distribute 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 31, 2025, to shareholders of record as of March 15, 2025.
Additionally, Popular Capital Trust II will distribute $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities, with payment scheduled for April 1, 2025, to holders of record as of March 15, 2025.
Popular Inc (NASDAQ: BPOP) announced that CEO Ignacio Alvarez will retire on June 30, 2025, after serving since 2017. Current President and COO Javier D. Ferrer has been appointed as the next CEO.
Ferrer, who joined Popular in 2014 as Chief Legal Officer, has served as Executive VP and COO since January 2022 and was appointed President in May 2024. In his current role, he oversees all business lines, Strategic Planning, and Data and Analytics functions.
Under Alvarez's leadership, Popular expanded its auto business through acquisition, acquired customer-facing channels from Evertec, and launched a company-wide transformation to modernize delivery channels. He also guided the company's response to Hurricane Maria and the global pandemic.
Popular Inc (NASDAQ: BPOP) has announced a quarterly cash dividend of $0.70 per share on its outstanding common stock. The dividend will be distributed to shareholders of record as of March 18, 2025, with the payment scheduled for April 1, 2025.
Popular, Inc. (NASDAQ: BPOP) has announced its participation in the upcoming RBC Capital Markets Global Financial Institutions Conference in New York City on March 5, 2025. Jorge J. Garcia, Executive Vice President and Chief Financial Officer, will deliver a presentation at 2:40 p.m. Eastern Time.
The presentation will be accessible through a live audio webcast on Popular's Investor Relations website, with a replay option available after the event. This conference represents an important opportunity for investors to gain insights into Popular's financial strategies and performance.
Popular, Inc. (NASDAQ: BPOP) has announced two key dividend distributions. The company 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 February 28, 2025, to holders of record as of February 15, 2025.
Additionally, Popular announced a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities, issued by Popular Capital Trust II. This distribution will be payable on March 3, 2025, to holders of record as of February 15, 2025.
Popular Inc. (BPOP) reported Q4 2024 net income of $177.8 million, up from $155.3 million in Q3 2024. Full-year 2024 net income reached $614.2 million, compared to $541.3 million in 2023. Net interest income increased by $18.3 million to $590.8 million in Q4, with net interest margin improving to 3.35%.
The bank maintained stable credit quality with non-performing loans decreasing by $10.6 million and NPL ratio dropping to 0.95%. Loans in portfolio grew by $912.7 million to $37.1 billion, while deposits increased by $1.2 billion to $64.9 billion.
During 2024, BPOP repurchased 2.26 million shares for $217.3 million and increased its quarterly dividend from $0.62 to $0.70 per share. The bank maintained strong capital positions with Common Equity Tier 1 ratio at 16.03% and Tangible Book Value per share at $68.16.
Popular Inc (NASDAQ: BPOP) has announced dividend payments for both its preferred stock and trust preferred securities. The company 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 January 31, 2025, to holders of record as of January 15, 2025.
Additionally, Popular announced a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities, issued by Popular Capital Trust II, payable on February 3, 2025, to holders of record as of January 15, 2025.
Popular, Inc. (NASDAQ:BPOP) has announced it will release its fourth quarter 2024 financial results before market opening on Tuesday, January 28, 2025. The company will host a conference call at 10:00 a.m. Eastern Time to discuss the results. The call will be accessible via webcast through the company's website and through dial-in numbers.
Popular is the leading financial institution in Puerto Rico by assets and deposits, ranking among the top 50 U.S. bank holding companies. Through its subsidiaries, it provides retail, mortgage, commercial banking, auto and equipment leasing, investment banking, broker-dealer, and insurance services in Puerto Rico, the U.S. Virgin Islands, and mainland United States through branches in New York, New Jersey, and Florida.
Banco Popular de Puerto Rico has been named 'Bank of the Year Puerto Rico' by The Financial Times' The Banker magazine for the twelfth time. The recognition highlights Popular's corporate purpose of 'Putting People at the Center of Progress' through financial inclusion and entrepreneurial support initiatives.
Key achievements include the Emprende Con Popular program for entrepreneur support, SimpleCredit for small business loans, and a $300 million technology investment. The bank was also recognized for funding affordable housing and renewable energy projects. The Banker's awards, considered the industry standard for banking excellence, evaluated over 400 submissions from 127 countries, acknowledging institutions that have demonstrated resilience and innovation amid economic challenges.