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

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 3, 2024 to holders of record as of August 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 September 3, 2024 to holders of record as of Augu

Net income of $177.8 million in Q2 2024, compared to net income of $103.3 million in Q1 2024. Excluding the impact of certain transactions from the results of operations for the first quarter of 2024 (FDIC Special Assessment and prior period tax withholdings), net income in Q2 2024 increased by $42.6 million when compared to adjusted net income of $135.2 million in Q1 2024. Net interest income amounted to $568.3 million, an increase of $17.6 million compared to Q1 2024. Net interest margin of 3.22% in Q2 2024, compared to 3.16% in Q1 2024; net interest margin on a taxable equivalent basis of 3.48% in Q2 2024, compared to 3.38% in Q1 2024. Non-interest income of $166.3 million,

Popular, Inc. (the "Corporation") (NASDAQ:BPOP) announced today the following capital actions: common stock repurchases of up to $500 million; and an increase in the Corporation's quarterly common stock dividend from $0.62 to $0.70 per share, commencing with the dividend payable in the first quarter of 2025, subject to the approval by the Corporation's Board of Directors. The Corporation's planned common stock repurchases may be executed in open market transactions, privately negotiated transactions, block trades or any other manner determined by the Corporation. The timing, quantity and price of such repurchases will be subject to various factors, including market conditions, the

Keefe, Bruyette & Woods analyst Kelly Motta reiterates Popular (NASDAQ:BPOP) with a Outperform and raises the price target from $110 to $120.

Popular (NASDAQ:BPOP) reported quarterly earnings of $2.46 per share which beat the analyst consensus estimate of $2.10 by 17.14 percent. This is a 17.14 percent increase over earnings of $2.10 per share from the same period last year. The company reported quarterly sales of $568.312 million which missed the analyst consensus estimate of $588.296 million by 3.40 percent. This is a 6.89 percent increase over sales of $531.668 million the same period last year.

- Form S-3

5 analysts have shared their evaluations of Popular (NASDAQ:BPOP) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 5 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 3 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $107.6, a high estimate of $115.00, and a low estimate of $103.00. Marking an increase of 5.91%, the curr

Barclays analyst Jared Shaw maintains Popular (NASDAQ:BPOP) with a Overweight and lowers the price target from $105 to $103.

Throughout the last three months, 6 analysts have evaluated Popular (NASDAQ:BPOP), offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 3 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Popular and provided 12-month price targets. The average target is $106.83, accompanied by a high estimate of $115.00 and a low estimate of $99.00. This current average has increased by 5.56% from

Barclays analyst Jared Shaw maintains Popular (NASDAQ:BPOP) with a Overweight and raises the price target from $99 to $105.

Wells Fargo analyst Timur Braziler maintains Popular (NASDAQ:BPOP) with a Overweight and raises the price target from $105 to $115.

Keefe, Bruyette & Woods analyst Kelly Motta reiterates Popular (NASDAQ:BPOP) with a Outperform and raises the price target from $103 to $110.

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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