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 announced two key dividend distributions:
- A monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable December 31, 2024, to holders of record as of December 15, 2024
- 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 January 2, 2025, to holders of record as of December 15, 2024
Popular Inc (NASDAQ: BPOP) announced that its Board of Directors has approved a quarterly cash dividend of $0.70 per share on its outstanding common stock. The dividend will be payable on January 2, 2025 to shareholders of record at the close of business on December 6, 2024.
Popular Inc. (NASDAQ: BPOP) has announced two 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, and a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II. Both distributions are payable on December 2, 2024 to holders of record as of November 15, 2024.
Popular Inc. reported Q3 2024 net income of $155.3 million, down from $177.8 million in Q2 2024. Net interest income increased to $572.5 million, up $4.2 million from Q2. The bank maintained stable credit quality with NPLs to loans ratio at 1.0%. Loan balances grew by $603.3 million to $36.2 billion, while deposits decreased by $1.9 billion to $63.7 billion. The company completed share repurchases of 599,096 shares for $58.8 million at an average price of $98.11. Common Equity Tier 1 ratio stood at 16.42%, with Tangible Book Value per share increasing by $6.33 to $69.04.
Popular, Inc. (NASDAQ: BPOP) has announced dividend and distribution payments for 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 October 31, 2024 to holders of record as of October 15, 2024.
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 is payable on November 1, 2024 to holders of record as of October 15, 2024.
Popular, Inc. (NASDAQ:BPOP) has announced it will report its financial results for the second quarter ending June 30, 2024, before the market opens on Wednesday, October 23, 2024. The company will hold a conference call to discuss these results on the same day at 11:00 a.m. Eastern Time.
The call will be broadcast live over the Internet and can be accessed through the investor relations section of Popular's website. A dial-in option is also available. A replay of the webcast will be archived on the website, and a telephone replay will be available until Friday, November 22, 2024.
Popular, Inc. is the leading financial institution by assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, its principal subsidiary, Banco Popular de Puerto Rico, provides various banking services in Puerto Rico and the U.S. Virgin Islands.
Popular (NASDAQ: BPOP) has declared a monthly cash dividend on its Non-Cumulative Monthly Income Preferred Stock and announced a distribution on Trust Preferred Securities. The company will pay a $0.132813 per share dividend on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, on September 30, 2024, to holders of record as of September 15, 2024. Additionally, Popular Capital Trust II will distribute $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities on October 1, 2024, to holders of record as of September 15, 2024.
Popular, Inc. (NASDAQ: BPOP) has declared a quarterly cash dividend of $0.62 per share on its outstanding common stock. The dividend is set to be paid on October 1, 2024, to shareholders of record as of the close of business on September 13, 2024. This announcement demonstrates the company's commitment to returning value to its shareholders through regular dividend payments. The declaration of a dividend often signals financial stability and confidence in the company's future prospects.
Popular (NASDAQ: BPOP) has declared a monthly cash dividend on its Non-Cumulative Monthly Income Preferred Stock and announced a distribution on Trust Preferred Securities. The company will pay a $0.132813 per share dividend on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A. Additionally, a $0.127604 per security distribution will be made on the 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II. Both payments are scheduled for September 3, 2024, with a record date of August 15, 2024. These declarations demonstrate Popular's commitment to providing regular income to its preferred stockholders and trust preferred securities holders.
Popular, Inc. announced its Q2 2024 financial results, reporting a net income of $177.8 million, a significant increase from $103.3 million in Q1 2024. Excluding one-time expenses from Q1 2024, net income rose by $42.6 million. Net interest income grew to $568.3 million, up by $17.6 million, with a net interest margin of 3.22%, compared to 3.16% in Q1 2024. Non-interest income slightly increased to $166.3 million. Operating expenses decreased by $13.5 million but rose by 1.5% excluding specific transactions. Credit quality improved, with non-performing loans down by $12.3 million and net charge-offs reduced by $8.6 million. Loans and deposits both saw growth, with ending balances of $35.6 billion and $65.5 billion, respectively.
Popular enhanced shareholder value by announcing a $500 million stock repurchase and a 13% increase in its quarterly dividend. The Common Equity Tier 1 ratio was 16.48%, and Tangible Book Value per share was $62.71.