Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico and the United States. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit. It also offers commercial and industrial, commercial multi-family, commercial real estate, and residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases. In addition, the company provides investment banking, auto and equipment leasing, broker-dealer, and insurance services; debit cards; and online banking services. As of December 31, 2020, it operated 172 branches; and 619 ATMs in Puerto Rico, 23 ATMs in the Virgin Islands, and 118 ATMs in the United States Mainland. Popular, Inc. was founded in 1893 and is headquartered in Hato Rey, Puerto Rico.
IPO Year:
Exchange: NASDAQ
Website: popular.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/17/2024 | Neutral | UBS | |
| 10/1/2024 | $115.00 → $105.00 | Overweight → Equal Weight | Wells Fargo |
| 8/26/2024 | $112.00 | Overweight | Piper Sandler |
| 7/25/2024 | $113.00 → $123.00 | Outperform | Hovde Group |
| 4/24/2024 | $112.00 → $113.00 | Outperform | Hovde Group |
| 3/8/2024 | $99.00 | Overweight | Barclays |
| 12/1/2023 | $86.00 | Buy | Citigroup |
| 10/10/2023 | $63.00 | Neutral | BofA Securities |
| 4/6/2023 | $74.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 3/15/2023 | $100.00 → $57.00 | Buy → Neutral | UBS |
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 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. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 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 Janua
Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the fourth quarter ending December 31, 2024, before the market opens on Tuesday, January 28, 2025. Popular will hold a conference call to discuss the financial results the same day at 10:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) or
Popular, Inc. (NASDAQ:BPOP) announced that Banco Popular de Puerto Rico has been recognized as "Bank of the Year Puerto Rico" by The Financial Times' international banking magazine The Banker. This marks the twelfth time Popular has received this prestigious recognition. The Banker stated that Popular was selected for its transformative corporate purpose, "Putting People at the Center of Progress," which is displayed by focusing on financial inclusion and entrepreneurial support, while continuing to develop innovative products and programs. Select initiatives highlighted for their innovation include Emprende Con Popular, which aids entrepreneurs through tailored financing and resources an
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on December 31, 2024 to holders of record as of December 15, 2024. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on January 2, 2025 to holders of record as of Dece
Popular, Inc. (NASDAQ:BPOP) announced today 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. About Popular, Inc. Popular, Inc. (NASDAQ:BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular's principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Rico
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on December 2, 2024 to holders of record as of November 15, 2024. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on December 2, 2024 to holders of record as of Novembe
Net income of $155.3 million in Q3 2024, compared to net income of $177.8 million in Q2 2024. Net interest income of $572.5 million, an increase of $4.2 million compared to Q2 2024. Net interest margin of 3.24% in Q3 2024, compared to 3.22% in Q2 2024; net interest margin on a taxable equivalent basis of 3.47% in Q3 2024, compared to 3.48% in Q2 2024. Non-interest income of $164.1 million, compared to $166.3 million in Q2 2024. Operating expenses amounted to $467.3 million, down by $2.3 million when compared to Q2 2024. Credit quality metrics remained stable: Non-performing loans held-in-portfolio ("NPLs") increased by $19.6 million from Q2 2024; NPLs to loans ratio remained fl
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 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. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on November 1, 2024 to holders of record as of October
Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the second quarter ending June 30, 2024, before the market opens on Wednesday, October 23, 2024. Popular will hold a conference call to discuss the financial results 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 the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) or +1-
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on September 30, 2024 to holders of record as of September 15, 2024. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on October 1, 2024 to holders of record as of Se
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UBS resumed coverage of Popular with a rating of Neutral
Wells Fargo downgraded Popular from Overweight to Equal Weight and set a new price target of $105.00 from $115.00 previously
Piper Sandler resumed coverage of Popular with a rating of Overweight and set a new price target of $112.00
Hovde Group reiterated coverage of Popular with a rating of Outperform and set a new price target of $123.00 from $113.00 previously
Hovde Group reiterated coverage of Popular with a rating of Outperform and set a new price target of $113.00 from $112.00 previously
Barclays initiated coverage of Popular with a rating of Overweight and set a new price target of $99.00
Citigroup initiated coverage of Popular with a rating of Buy and set a new price target of $86.00
BofA Securities initiated coverage of Popular with a rating of Neutral and set a new price target of $63.00
Keefe Bruyette upgraded Popular from Mkt Perform to Outperform and set a new price target of $74.00
UBS downgraded Popular from Buy to Neutral and set a new price target of $57.00 from $100.00 previously
Popular, Inc. (NASDAQ:BPOP) announced today that its Board of Directors appointed Javier D. Ferrer as President of Popular, Inc., in addition to his current role as Chief Operating Officer ("COO"), continuing to report directly to Ignacio Alvarez, Popular's Chief Executive Officer ("CEO"). Ferrer was also named President of Popular, Inc.'s two banking subsidiaries, Banco Popular de Puerto Rico and Popular Bank. These appointments were effective May 9, 2024. Ferrer has been with Popular since 2014, serving as Executive Vice President and COO since 2022 and previously as Executive Vice President, Chief Legal Officer and General Counsel. He has also overseen the company's strategic planning
Popular, Inc. ("Popular" or the "Corporation") (NASDAQ:BPOP) announced today that Carlos J. Vázquez will retire effective March 31, 2024 after serving as Chief Financial Officer ("CFO") since 2013, and in other senior leadership positions since joining Popular in 1997. He will be succeeded by Jorge J. García, currently Corporate Comptroller and Chief Accounting Officer. "Carlos has been an important contributor to our financial success," said President and Chief Executive Officer Ignacio Alvarez. "On behalf of everyone at Popular, I would like to express our appreciation for Carlos' more than 25 years of service, from his steady leadership during times of economic challenges through to ou
ELLICOTT CITY, Md., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Huntress, the managed security platform for small and mid-sized businesses (SMBs) and the managed service providers that support them, today announced that industry veteran Myrna Soto, who has more than three decades of experience in corporate leadership and cybersecurity, has been elected to Huntress' Board of Directors. Soto brings information technology and security experience and distinction, leading and advising cybersecurity best practices to global businesses and their consumers. Soto is the former Global CISO at Comcast Corp., Chief Strategy and Trust Officer at Forcepoint, COO at an award-winning managed security services prov
General Mills (NYSE:GIS) today announced the election of C. Kim Goodwin to its board of directors effective June 27, 2022. Goodwin is an experienced financial services professional and seasoned business leader. With her extensive background as a leader at global investment institutions, as well as her years of service as a public company director, she will offer valuable expertise and investor perspectives in the areas of finance and capital markets, shareholder value creation, strategic planning, and global leadership. In addition, Goodwin's role as a board member for The TJX Companies, Inc. (NYSE:TJX) provides her with important perspectives on marketing and consumer insights that are hi
Popular Bank, a subsidiary of Popular, Inc. (NASDAQ:BPOP) announced the appointment of Bertha Rozier as SVP of Retail Banking and US Transformation. In this role, Ms. Rozier will continue to grow the Bank's retail business, leveraging her experience leading multi-disciplinary business units and her expertise in marketing, product and customer experience. She will be based in New York, reporting to Popular Bank's Chief Operating Officer Manuel Chinea, and will join the Bank's senior management team. Ms. Rozier brings more than 30 years of financial industry experience to Popular Bank. She spent the last 21 years at HSBC, where she held roles of increasing responsibility with a focus on weal
Popular Bank, a subsidiary of Popular, Inc. (NASDAQ:BPOP) announced the appointment of Adam E. Dejak as National Director of Residential Lending for Popular Mortgage. Mr. Dejak will oversee the bank's residential mortgage business and will be responsible for driving growth and development of the entire program, cultivating talent and continuing to expand the lending product suite. He will be based in New York. Mr. Dejak brings more than 20 years of financial services experience, most recently as Director of Residential Mortgage Lending at Sterling National Bank, where he led business development, third party originations and capital markets loan acquisition. His expertise spans residential
Popular, Inc. ("Popular" or the "Corporation") (NASDAQ:BPOP) today announced the appointment of Javier D. Ferrer as the Corporation's Chief Operating Officer ("COO") and Head of Business Strategy. In this capacity, he will have overarching responsibility for all of Popular's business units, including its Puerto Rico and U.S.-based Retail Banking, Individual Credit, Commercial Credit, Financial and Insurance Service units, overseeing their day-to-day operations and long-term strategy. Ferrer will report to President and Chief Executive Officer Ignacio Alvarez. Ferrer's appointment, which takes effect on January 1, 2022, aims to facilitate Popular's business transformation to meet custome
Popular, Inc. ("Popular" or the "Corporation") (NASDAQ:BPOP) announced today that its Board of Directors appointed Betty DeVita and José R. Rodríguez as independent directors of the Corporation, effective June 25, 2021. "We are excited to welcome Betty and José as new independent directors of the Popular board," said Richard L. Carrión, Chairman of the Board. "They bring decades of expertise in financial services and corporate governance, and their perspectives will be crucial as we pursue our growth strategy and deliver value to our shareholders and community." DeVita, an executive with extensive experience in the banking and payments industry, is currently the Chief Business Officer and
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 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. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 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 Janua
Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the fourth quarter ending December 31, 2024, before the market opens on Tuesday, January 28, 2025. Popular will hold a conference call to discuss the financial results the same day at 10:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) or
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on December 31, 2024 to holders of record as of December 15, 2024. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on January 2, 2025 to holders of record as of Dece
Popular, Inc. (NASDAQ:BPOP) announced today 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. About Popular, Inc. Popular, Inc. (NASDAQ:BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular's principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Rico
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on December 2, 2024 to holders of record as of November 15, 2024. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on December 2, 2024 to holders of record as of Novembe
Net income of $155.3 million in Q3 2024, compared to net income of $177.8 million in Q2 2024. Net interest income of $572.5 million, an increase of $4.2 million compared to Q2 2024. Net interest margin of 3.24% in Q3 2024, compared to 3.22% in Q2 2024; net interest margin on a taxable equivalent basis of 3.47% in Q3 2024, compared to 3.48% in Q2 2024. Non-interest income of $164.1 million, compared to $166.3 million in Q2 2024. Operating expenses amounted to $467.3 million, down by $2.3 million when compared to Q2 2024. Credit quality metrics remained stable: Non-performing loans held-in-portfolio ("NPLs") increased by $19.6 million from Q2 2024; NPLs to loans ratio remained fl
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 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. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on November 1, 2024 to holders of record as of October
Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the second quarter ending June 30, 2024, before the market opens on Wednesday, October 23, 2024. Popular will hold a conference call to discuss the financial results 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 the Corporation's website: www.popular.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary audio software. The call may also be accessed through a dial-in telephone number +1-833-470-1428 (Toll Free) or +1-
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on September 30, 2024 to holders of record as of September 15, 2024. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on October 1, 2024 to holders of record as of Se
Popular, Inc. (NASDAQ:BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.62 per share on its outstanding common stock. The dividend will be payable on October 1, 2024 to shareholders of record at the close of business on September 13, 2024. About Popular, Inc. Popular, Inc. (NASDAQ:BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular's principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Ric