Popular, Inc. operates as a holding company. The firm engages in the provision of banking and financial services. It operates through the following segments: Banco Popular de Puerto Rico, Popular U.S., and Corporate Group. The Banco Popular de Puerto Rico segment includes commercial banking, consumer and retail banking, and other financial services. The Popular U.S. segment represents operations of the retail branch network in the mainland U.S., and equipment leasing and financing services. The Corporate Group segment consists the holding companies and investments. The company was founded on October 5, 1893, and is headquartered in San Juan, Puerto Rico.

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Popular (BPOP) achieves record earnings, focuses on digital transformation

Popular (BPOP) delivered strong financial performance, focusing on digital transformation and customer-centric strategies.
While facing challenges like uncertain rate hikes and inflation impacts, the company is poised for growth through technology investments and client relationship initiatives.
Opportunities in digital banking expansion and small business lending present avenues for revenue growth and market differentiation.
With a clear focus on shareholder returns and sustainable profitability, Popular (BPOP) aims to navigate challenges and capitalize on opportunities for long-term success.

Popular, Inc. reports robust Q1 earnings amidst Puerto Rico optimism

Popular, Inc. delivered a strong performance in Q1 2023, driven by loan growth and expense control.
Despite challenges in net interest margin and deposit fluctuations, the bank remains optimistic about Puerto Rico's future.
Opportunities lie in potential NIM improvement, hurricane recovery funds, and infrastructure financing.
Investor inquiries focused on yield information, cash position, capital return decisions, and dividend plans.

Popular reports stable Q2 earnings, eyes growth in Puerto Rico

Popular's Q2 performance reflects stable net income, strong loan growth, and improved noninterest income. The company's strengths lie in robust liquidity, positive credit quality trends, and strategic investments.
Challenges include managing operating expenses, limited updates on the PREPA bankruptcy resolution, and optimizing returns in the current interest rate environment. Opportunities exist in loan growth, deposit business strengthening, and economic activity boost from disaster recovery funds.
Overall, Popular's focus on financial stability, growth opportunities in Puerto Rico and the U.S., and strategic investments position the company well for future growth and resilience in a competitive market.

Popular Inc. reports robust Q3 earnings amidst economic support

Popular Inc. delivered a strong quarter with growth in net income and loan balances. Despite challenges in net interest margin and deposit costs, the company's credit quality and customer base remain robust.
Opportunities lie in government deposits increase, potential NII enhancements, and strategic loan portfolio purchases. Stabilization in deposit costs and fee income range provide a positive outlook for future performance.
Addressing challenges in margin and investments while leveraging strengths in customer base and digital channels will be key. Maintaining strong regulatory capital levels and prudent expense management are critical for sustained growth.

Popular Inc. reports resilient 2023 performance amidst challenges and opportunities

Popular Inc. navigated a challenging environment in 2023 with resilience, focusing on growth strategies, customer acquisition, and capital management. The company's financial performance remained solid, driven by a growing loan portfolio and strategic dividend increases. While facing fee impact challenges, Popular Inc. is optimistic about opportunities in the Puerto Rico economy and future banking operations.

Popular Inc. reports solid Q1 earnings, eyes growth amid challenges

Popular Inc. reported a strong quarter with solid financial performance and positive economic indicators in Puerto Rico. While facing challenges in certain loan segments and credit policies, the company is focused on capital planning and operational efficiency. Opportunities for growth include higher yields from loan renewals and attracting clients with alternative deposit options.

Popular (BPOP) reports strong Q2 earnings, eyes growth opportunities

Popular (BPOP) delivered a robust performance in Q2 2024, marked by strong financial results, improved credit quality, and positive consumer trends.
While facing challenges such as specific loan portfolio dynamics and economic uncertainties, the company remains well-positioned to capitalize on opportunities like federal funds disbursement and market growth.
Overall, Popular (BPOP) shows resilience, strategic foresight, and a commitment to shareholder value, positioning itself for continued success and growth in the future.

Popular Inc. reports Q3 earnings dip but sees growth opportunities

Popular Inc.'s Q3 performance reflects a mixed picture with growth in loan balances and net interest income, offset by a decrease in net income and higher credit loss provisions.
The company's strengths lie in its diversified loan portfolio, solid business activity in Puerto Rico, and commitment to enhancing shareholder value through share repurchases.
Challenges include managing credit risks, sustaining cost efficiency, and navigating competitive pressures, while opportunities exist in leveraging market trends and driving strategic growth initiatives.

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Popular (BPOP) came out with quarterly earnings of $2.22 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $2.69 per share a year ago.

Popular (BPOP) Q1 Earnings and Revenues Top Estimates

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $159.0 million for the quarter ended March 31, 2023, compared to net income of $257.1 million for the quarter ended December 31, 2022. Excluding the effects of the partial release of $68.2 million of the deferred tax asset valuation allowance, the net income for the fourth quarter was $188.9 million. Ignacio Alvarez, President and Chief Executive Officer,.

Popular, Inc. Announces First Quarter 2023 Financial Results

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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the first quarter ending March 31, 2023, before the market opens on Wednesday, April 26, 2023. 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.

Popular, Inc. to Report First Quarter Results and Hold Conference Call on Wednesday, April 26, 2023

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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (“Popular”) (NASDAQ:BPOP) announced today that it has agreed to sell an aggregate of $400,000,000 principal amount of its 7.25% Senior Notes due 2028 (the “Senior Notes”). Popular intends to use the net proceeds from the offering to redeem or repay in full the $300 million aggregate principal amount of its outstanding 6.125% Senior Notes due on September 14, 2023 (the “2023 Senior Notes”). The Senior Notes will bear interest at a rate of 7.

Popular, Inc. Announces Pricing of Public Offering of $400,000,000 Principal Amount of Its 7.25% Senior Notes Due 2028

Popular, Inc. (NASDAQ:BPOP ) Q4 2022 Earnings Conference Call January 25, 2023 10:00 AM ET Company Participants Paul Cardillo - Investor Relations Officer Ignacio Alvarez - Chief Executive Officer Javier Ferrer - Chief Operating Officer Carlos Vazquez - Chief Financial Officer Lidio Soriano - Chief Risk Officer Conference Call Participants Timur Braziler - Wells Fargo Securities Alex Twerdahl - Piper Sandler Kelly Motta - KBW Gerard Cassidy - RBC Operator Hello and welcome to today's Popular Fourth Quarter 2022 Earnings Call. My name is Bailey, and I will be the moderator for today's call.

Popular, Inc. (BPOP) Q4 2022 Earnings Call Transcript

Popular (BPOP) delivered earnings and revenue surprises of 29.45% and 0.86%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Popular (BPOP) Q4 Earnings and Revenues Top Estimates

SAN JUAN, Puerto Rico--( BUSINESS WIRE )--Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $257.1 million for the quarter ended December 31, 2022, compared to net income of $422.4 million for the quarter ended September 30, 2022. Excluding the effects of the partial release of $68.2 million of the deferred tax asset valuation allowance, the net income for the fourth quarter was $188.9 million. The net income for the third quarter was $195.8 million after excluding the impact of the completed Evertec Transactions (as defined below) and related accounting adjustments.

Popular, Inc. Announces Fourth Quarter 2022 Financial Results

SAN JUAN, Puerto Rico--( BUSINESS WIRE )--Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the fourth quarter ending December 31, 2022, before the market opens on Wednesday, January 25, 2023.

Popular, Inc. to Report Fourth Quarter Results and Hold Conference Call on Wednesday, January 25, 2023

Popular, Inc. (NASDAQ:BPOP ) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET Company Participants Paul Cardillo - Investor Relations Officer Ignacio Alvarez - Chief Executive Officer Javier Ferrer – Chief Operating Officer Carlos Vazquez - Chief Financial Officer Lidio Soriano - Chief Risk Officer Conference Call Participants Alex Twerdahl - Piper Sandler Tim Braziler - Wells Fargo Brett Rabatin - Hovde Group Kelly Motta - KBW Thomas Leddy - RBC Operator Welcome to today's Popular, Inc. Q3 2022 Earnings Call. My name is Juan I'll be coordinating your call today.

Popular, Inc. (BPOP) Q3 2022 Earnings Call Transcript

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $422.4 million for the quarter ended September 30, 2022, compared to net income of $211.4 million for the quarter ended June 30, 2022.

Popular, Inc. Announces Third Quarter 2022 Financial Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Fourth paragraph, end of second sentence of release dated Sept.

CORRECTING and REPLACING Popular, Inc. to Report Third Quarter Results and Hold Conference Call on Wednesday, October 26, 2022

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (NASDAQ: BPOP) announced today that it will participate in the upcoming BancAnalysts Association of Boston (BAAB) Conference.

Popular, Inc. to Participate in the BancAnalysts Association of Boston Conference

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the third quarter ending September 30, 2022, before the market opens on Wednesday, October 26, 2022. 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.c

Popular, Inc. to Report Third Quarter Results and Hold Conference Call on Wednesday, October 26, 2022

Popular (BPOP) announces an accelerated share repurchase agreement to repurchase $231 million of the company's common stock.

Popular (BPOP) Enters Accelerated Share Buyback Plan, Stock Dips

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (“Popular” or the “Corporation”) (NASDAQ: BPOP) announced today that on August 24, 2022 it entered into an accelerated share repurchase agreement (the “ASR Agreement”) to repurchase an aggregate of $231 million of Popular's common stock. Under the terms of the ASR Agreement, on August 26, 2022 the Corporation will make an initial payment of $231 million and receive an initial delivery of 2,339,241 shares of Popular's Common Stock (the “Initi

Popular Announces Entry into $231 Million Accelerated Share Repurchase Agreement

The consensus price target hints at a 27.8% upside potential for Popular (BPOP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Can Popular (BPOP) Climb 28% to Reach the Level Wall Street Analysts Expect?

EVERTEC

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (“Popular”) (NASDAQ:BPOP) completed the sale of its remaining 7,065,634 shares (the “Shares”) of common stock of EVERTEC, Inc. (“EVERTEC”) (NYSE:EVTC). Popular sold 6,262,293 of the Shares in an underwritten public offering of EVERTEC's common stock. J.P. Morgan Securities LLC acted as sole book-running manager, BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley acted as lead managers and Hovde Group, LLC, Keefe, Bruyette &

Popular Sells Shares of EVERTEC in Secondary Public Offering and in Private Sale to EVERTEC

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced the pricing of the previously announced underwritten secondary offering by Popular, Inc. (NASDAQ: BPOP) (the “Selling Stockholder”) of 6,262,293 shares of the Company's common stock at a public offering price of $32.00 per share. The shares are expected to be delivered on or about August 15, 2022, subject to customary closing conditions. The Selling Stockholder will receive all of the

EVERTEC Announces Pricing of Secondary Offering of Common Stock

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced that Popular, Inc. (NASDAQ: BPOP) (the “Selling Stockholder”) has commenced an underwritten secondary offering of 6,355,694 shares of the Company's common stock. The Selling Stockholder will receive all of the net proceeds from the offering. The Company is not selling any shares of common stock in the offering and will not receive any proceeds from the offering. In addition, Evertec h

EVERTEC Announces Secondary Offering of Common Stock

The consensus price target hints at a 37.1% upside potential for Popular (BPOP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Can Popular (BPOP) Climb 37% to Reach the Level Wall Street Analysts Expect?

Popular, Inc. (NASDAQ:BPOP ) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Paul Cardillo - Investor Relations Officer Ignacio Alvarez - Chief Executive Officer Carlos Vazquez - Chief Financial Officer Lidio Soriano - Chief Risk Officer Conference Call Participants Brett Rabatin - Hovde Group Timur Braziler - Wells Fargo Gerard Cassidy - RBC Capital Markets Alex Twerdahl - Piper Sandler Kelly Motta - KBW Operator Good morning. Thank you for attending today's Popular, Inc. Second Quarter Earnings Call.

Popular, Inc.'s (BPOP) CEO Ignacio Alvarez on Q2 2022 Results - Earnings Call Transcript

Popular (BPOP) delivered earnings and revenue surprises of 9.92% and 4.75%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Popular (BPOP) Q2 Earnings and Revenues Surpass Estimates

News for Popular Stock (BPOP)