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 |
|---|---|---|---|
| 6/18/2025 | $114.00 → $126.00 | Outperform | Hovde Group |
| 4/24/2025 | $118.00 → $114.00 | Outperform | Hovde Group |
| 4/9/2025 | $100.00 | Equal Weight → Overweight | Wells Fargo |
| 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 |
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 June 30, 2025 to holders of record as of June 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 July 1, 2025 to holders of record as of June 15, 2025.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb+" (Good) of Popular Life Re (PLRe) (Puerto Rico). PLRe is a life reinsurance subsidiary of its ultimate parent, Popular, Inc. (NASDAQ:BPOP), a publicly traded bank holding company based in Puerto Rico. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect PLRe's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The weak credit profile of ultimate parent, Popular, Inc., continues to have a drag on the ratings lift/drag reflected in
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 July 1, 2025 to shareholders of record at the close of business on May 29, 2025. About Popular, Inc. Popular, Inc. (NASDAQ:BPOP) is the leading financial institution by both assets and deposits in Puerto Rico 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. and British Virgin Islands, as well as auto and equipment leas
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 June 2, 2025 to holders of record as of May 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 June 2, 2025 to holders of record as of May 15, 2025. Abou
BATON ROUGE, La., April 30, 2025 (GLOBE NEWSWIRE) -- Business First Bancshares Inc. (NASDAQ:BFST), the holding company for b1BANK, has announced the appointment of Alejandro M. Sanchez to the Business First Bancshares, Inc. Board of Directors and b1BANK Board of Directors, effective March 27, 2025. Sanchez is the president and CEO of Salva Financial Group of Florida, a consulting group advising financial institutions on strategic planning, regulatory compliance and crisis management. He also serves as an executive advisor to Nasdaq and holds board positions with Popular, Inc. (NASDAQ:BPOP), the holding company for Popular Bank and Republic Bancorp, Inc. (NASDAQ:RBCAA), the holding company
Net income of $177.5 million in Q1 2025, compared to net income of $177.8 million in Q4 2024. EPS of $2.56 in Q1 2025 vs. $2.51 in Q4 2024. Net interest income of $605.6 million in Q1 2025, an increase of $14.8 million when compared to Q4 2024. Net interest margin of 3.40% in Q1 2025, compared to 3.35% in Q4 2024; net interest margin on a taxable equivalent basis of 3.73% in Q1 2025, compared to 3.62% in Q4 2024. Non-interest income of $152.1 million in Q1 2025, compared to $164.7 million in Q4 2024. Operating expenses amounted to $471.0 million, compared to $467.6 million in Q4 2024. Credit quality metrics improved: Non-performing loans held-in-portfolio ("NPLs") decreased
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 April 30, 2025 to holders of record as of April 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 May 1, 2025 to holders of record as of April 15, 2025.
Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the first quarter ending March 31, 2025, before the market opens on Wednesday, April 23, 2025. Popular will hold a 60-minute 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
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 March 31, 2025 to holders of record as of March 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 April 1, 2025 to holders of record as of March 15, 20
Popular, Inc. ("Popular" or the "Corporation") (NASDAQ:BPOP) announced today that Ignacio Alvarez will retire effective June 30, 2025 after serving as Chief Executive Officer ("CEO") since 2017. He will be succeeded by Javier D. Ferrer, currently President and Chief Operating Officer ("COO"). Richard L. Carrión, Chairman of Popular's Board of Directors, said, "The Board would like to thank Ignacio for his important contributions over the past 15 years. He joined Popular in 2010, when I was CEO, at a very challenging time for our organization and the financial industry. His counsel and support were invaluable and his highly strategic and collaborative approach quickly set him apart as a gr
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Hovde Group reiterated coverage of Popular with a rating of Outperform and set a new price target of $126.00 from $114.00 previously
Hovde Group reiterated coverage of Popular with a rating of Outperform and set a new price target of $114.00 from $118.00 previously
Wells Fargo upgraded Popular from Equal Weight to Overweight and set a new price target of $100.00
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
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BATON ROUGE, La., April 30, 2025 (GLOBE NEWSWIRE) -- Business First Bancshares Inc. (NASDAQ:BFST), the holding company for b1BANK, has announced the appointment of Alejandro M. Sanchez to the Business First Bancshares, Inc. Board of Directors and b1BANK Board of Directors, effective March 27, 2025. Sanchez is the president and CEO of Salva Financial Group of Florida, a consulting group advising financial institutions on strategic planning, regulatory compliance and crisis management. He also serves as an executive advisor to Nasdaq and holds board positions with Popular, Inc. (NASDAQ:BPOP), the holding company for Popular Bank and Republic Bancorp, Inc. (NASDAQ:RBCAA), the holding company
Popular, Inc. ("Popular" or the "Corporation") (NASDAQ:BPOP) announced today that Ignacio Alvarez will retire effective June 30, 2025 after serving as Chief Executive Officer ("CEO") since 2017. He will be succeeded by Javier D. Ferrer, currently President and Chief Operating Officer ("COO"). Richard L. Carrión, Chairman of Popular's Board of Directors, said, "The Board would like to thank Ignacio for his important contributions over the past 15 years. He joined Popular in 2010, when I was CEO, at a very challenging time for our organization and the financial industry. His counsel and support were invaluable and his highly strategic and collaborative approach quickly set him apart as a gr
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
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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 June 30, 2025 to holders of record as of June 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 July 1, 2025 to holders of record as of June 15, 2025.
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 July 1, 2025 to shareholders of record at the close of business on May 29, 2025. About Popular, Inc. Popular, Inc. (NASDAQ:BPOP) is the leading financial institution by both assets and deposits in Puerto Rico 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. and British Virgin Islands, as well as auto and equipment leas
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 June 2, 2025 to holders of record as of May 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 June 2, 2025 to holders of record as of May 15, 2025. Abou
Net income of $177.5 million in Q1 2025, compared to net income of $177.8 million in Q4 2024. EPS of $2.56 in Q1 2025 vs. $2.51 in Q4 2024. Net interest income of $605.6 million in Q1 2025, an increase of $14.8 million when compared to Q4 2024. Net interest margin of 3.40% in Q1 2025, compared to 3.35% in Q4 2024; net interest margin on a taxable equivalent basis of 3.73% in Q1 2025, compared to 3.62% in Q4 2024. Non-interest income of $152.1 million in Q1 2025, compared to $164.7 million in Q4 2024. Operating expenses amounted to $471.0 million, compared to $467.6 million in Q4 2024. Credit quality metrics improved: Non-performing loans held-in-portfolio ("NPLs") decreased
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 April 30, 2025 to holders of record as of April 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 May 1, 2025 to holders of record as of April 15, 2025.
Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the first quarter ending March 31, 2025, before the market opens on Wednesday, April 23, 2025. Popular will hold a 60-minute 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
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 March 31, 2025 to holders of record as of March 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 April 1, 2025 to holders of record as of March 15, 20
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 April 1, 2025 to shareholders of record at the close of business on March 18, 2025. 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. and British Virgin Islands. Popular also offers in Puer
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 February 28, 2025 to holders of record as of February 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 March 3, 2025 to holders of record as of Februa
Net income of $177.8 million in Q4 2024, compared to net income of $155.3 million in Q3 2024. Net income of $614.2 million for the year 2024, compared to net income of $541.3 million for the year 2023. Excluding expenses incurred in connection with the FDIC Special Assessment and prior period tax withholdings, the adjusted net income for 2024 was $646.1 million, compared to $586.6 million in 2023, which also excluded FDIC Special Assessment expenses. Net interest income of $590.8 million in Q4 2024, an increase of $18.3 million when compared to Q3 2024. Net interest margin of 3.35% in Q4 2024, compared to 3.24% in Q3 2024; net interest margin on a taxable equivalent basis of 3.62%