US Market News
2週前
Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred SecuritiesJune 5, 2026 9:15 AM
Business Wire 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, 2026 to holders of record as of June 15, 2026. 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, 2026 to holders of record as of June 15, 2026. 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 leasing and financing in Puerto Rico. Popular also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida. Financial (English): P-EN-FIN View source version on businesswire.com: https://www.businesswire.com/news/home/20260605882018/en/ Popular, Inc.
Investor Relations:
Paul J. Cardillo, 212-417-6721
Investor Relations Officer
pcardillo@popular.com
or
Media Relations:
MC González Noguera, 917-804-5253
Executive Vice President and Chief Communications & Public Affairs Officer
mc.gonzalez@popular.com Original: Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities
US Market News
4週前
AM Best Affirms Credit Ratings of Popular Life ReMay 28, 2026 12:37 PM
Business Wire 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 the ultimate parent, Popular, Inc., continues to have a drag on the ratings lift/drag reflected in PLRe’s ratings. PLRe’s balance sheet strength is driven by the continued strongest risk-adjusted capitalization assessment, as measured by Best’s Capital Adequacy Ratio (BCAR) over the past few years, and a high-quality level of marketable investments, along with a strong liquidity position. Investment strategy protects interest income, preserves capital and surplus while maximizing investment gains and covering the operating liquidity needs. PLRe remains strategically important to Popular, Inc., although the earnings contribution to the parent company continues to be modest. Additionally, the company reinsures a portion of credit insurance policies on consumer loans that originated at Banco Popular de Puerto Rico, as well as personal accident and health policies underwritten by unaffiliated insurers. PLRe’s limited business profile offsets the favorable rating factors. One of the primary attributes of the business is the company’s limited geographic profile as it primarily operates in Puerto Rico, which has been impacted negatively by population declines and natural disasters over the past few years. There also is a heavy reliance on sourcing business through its parent company, Popular, Inc., and its banking relationships. However, a reinsurance treaty with a local insurer, and the introduction of new online offerings of a new guaranteed life insurance product and a personal accident insurance program issued by an existing ceding company, have improved diversification. A project to relaunch the credit life product for personal loans also is underway. These strategies are designed to grow new business and new markets eventually. This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com. Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528647288/en/ Igor Bass
Senior Financial Analyst
+1 908 882 6289
igor.bass@ambest.com Kate Steffanelli
Associate Director
+1 908 882 2337
kate.steffanelli@ambest.com Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com Original: AM Best Affirms Credit Ratings of Popular Life Re
US Market News
1月前
Popular, Inc. Declares a Cash Dividend of $0.75 per Common ShareMay 8, 2026 1:10 PM
Business Wire Popular, Inc. (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.75 per share on its outstanding common stock. The dividend will be payable on July 1, 2026 to shareholders of record at the close of business on May 29, 2026. 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 leasing and financing in Puerto Rico. Popular also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida. Financial (English): P-EN-FIN View source version on businesswire.com: https://www.businesswire.com/news/home/20260508665845/en/ Popular, Inc. Investor Relations:
Paul J. Cardillo, 212-417-6721
Senior Vice President and Investor Relations Officer
pcardillo@popular.com or Media Relations:
MC González Noguera, 917-804-5253
Executive Vice President and Chief Communications & Public Affairs Officer
mc.gonzalez@popular.com Original: Popular, Inc. Declares a Cash Dividend of $0.75 per Common Share
US Market News
2月前
Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred SecuritiesMay 5, 2026 9:15 AM
Business Wire 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 1, 2026 to holders of record as of May 15, 2026. 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 1, 2026 to holders of record as of May 15, 2026. 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 leasing and financing in Puerto Rico. Popular also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida. Financial (English): P-EN-FIN View source version on businesswire.com: https://www.businesswire.com/news/home/20260505257702/en/ Popular, Inc.
Investor Relations:
Paul J. Cardillo, 212-417-6721
Investor Relations Officer
pcardillo@popular.com or Media Relations:
MC González Noguera, 917-804-5253
Executive Vice President and Chief Communications & Public Affairs Officer
mc.gonzalez@popular.com Original: Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities
iHub News
2月前
Popular rises as earnings beat offsets revenue shortfallApril 23, 2026 10:16 AM
IH Market News
Popular, Inc. (NASDAQ:BPOP) reported first-quarter 2026 results on Thursday that topped profit expectations, although revenue came in below forecasts.Shares gained 2.39% following the announcement.
Strong earnings growth
The bank posted earnings per share of $3.78, exceeding the analyst consensus of $3.31.Net income totaled $245.7 million for the quarter ended March 31, 2026, rising from $233.9 million in the previous quarter and $177.5 million in the same period last year.
Revenue misses estimates
Total revenue reached $835.81 million, falling short of the $849.66 million analysts had expected.Overall revenue declined compared to the first quarter of 2025, reflecting lower non-interest income despite stronger net interest performance.
Net interest income and margins improve
Net interest income increased to $670.2 million, up $12.6 million from the prior quarter, supported by reduced deposit costs.Net interest margin expanded to 3.66%, compared with 3.61% in the fourth quarter.“We delivered a strong start to 2026, with net income of $246 million and earnings per share of $3.78, up 38% and 48%, respectively, YoY, reflecting disciplined execution across our businesses and continued momentum throughout the franchise,” said Javier D. Ferrer, President and Chief Executive Officer.
Expenses decline and credit quality improves
Operating expenses came in at $467.3 million, down $5.9 million from the fourth quarter.Excluding a $15.3 million partial reversal of an FDIC special assessment in the prior quarter, expenses fell by $21.2 million.Credit quality showed signs of improvement, with non-performing loans decreasing to $458.1 million from $498.3 million in the previous quarter.
Mixed credit trends
Net charge-offs rose to $60.0 million from $49.6 million, mainly due to an $11.1 million charge-off on a commercial loan.The allowance for credit losses ratio increased slightly to 2.10% from 2.05%.
Shareholder returns remain strong
The company returned $204 million to shareholders during the quarter, including $155.2 million in share buybacks and dividends.Return on average tangible common equity improved to 15.46%, up from 14.39% in the prior quarter.Popular stock price
Original: Popular rises as earnings beat offsets revenue shortfall
US Market News
3月前
Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred SecuritiesApril 2, 2026 9:15 AM
Business Wire
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, 2026 to holders of record as of April 15, 2026.
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, 2026 to holders of record as of April 15, 2026.
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 leasing and financing in Puerto Rico. Popular also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.
Financial (English): P-EN-FIN
View source version on businesswire.com: https://www.businesswire.com/news/home/20260402356472/en/
Investor Relations:
Paul J. Cardillo, 212-417-6721
Investor Relations Officer
pcardillo@popular.com
or
Media Relations:
MC González Noguera, 917-804-5253
Executive Vice President and Chief Communications & Public Affairs Officer
mc.gonzalez@popular.com
Original: Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities
US Market News
4月前
Popular, Inc. Declares a Cash Dividend of $0.75 per Common ShareFebruary 26, 2026 12:44 PM
Business Wire
Popular, Inc. (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.75 per share on its outstanding common stock. The dividend will be payable on April 1, 2026 to shareholders of record at the close of business on March 18, 2026.
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 leasing and financing in Puerto Rico. Popular also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.
Financial (English): P-EN-FIN
View source version on businesswire.com: https://www.businesswire.com/news/home/20260225593127/en/
Popular, Inc.
Investor Relations:
Paul J. Cardillo, 212-417-6721
Senior Vice President and Investor Relations Officer
pcardillo@popular.com
or
Media Relations:
MC González Noguera, 917-804-5253
Executive Vice President and Chief Communications & Public Affairs Officer
mc.gonzalez@popular.com
Original: Popular, Inc. Declares a Cash Dividend of $0.75 per Common Share
mlkrborn
14年前
Popular Earnings Call Insights: Asset Quality, Basel III
By Lindsey Grossman | More Articles
October 22, 2012
On Friday, Popular Inc (NASDAQ:BPOP) reported its third quarter earnings and discussed the following topics in its earnings conference call. Take a look.
Asset Quality
Joe Gladue – B. Riley: I want to start off with a few asset quality questions. First off, just wondering if you could give us a little more color on the resolution of some of the construction loans during the quarter, was that sales or payoffs or just looking…
Richard L. Carrion – President, Chairman and CEO: It was – the ones that Lidio referred to in his remarks were actual sales, Joe.
Lidio V. Soriano – EVP, Corpoarate Risk Management: Individual sales.
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Richard L. Carrion – President, Chairman and CEO: Yeah.
Lidio V. Soriano – EVP, Corpoarate Risk Management: (Indiscernible) we’ve negotiated with borrowers, so it’s a combination of sales and (discounted pay-off) negotiated with the borrowers.
Richard L. Carrion – President, Chairman and CEO: The bigger one, the biggest one, the $50 million one was the sale, was an outright sale.
Joe Gladue – B. Riley: Also I noticed there was some increase in the balance of construction loans, just I guess, wondering where you are – was that increases in draw downs on existing loans or is that new loans?
Jorge A. Junquera – CFO: We have very selectively, that is on construction lending. In Puerto Rico, it is mostly related to commercial property or a judicial building that is being built for the federal government so that’s driven by that.
Joe Gladue – B. Riley: Just could you tell us what the level of accruing TDRs was at the end of the quarter?
Richard L. Carrion – President, Chairman and CEO: He was waiting for this one, Joe.
Jorge A. Junquera – CFO: I think every quarter I miss this one, so this time I do have it. We have about accruing TDRs sort of the end of the September are about $629 million.
Joe Gladue – B. Riley: I guess, lastly, I would just ask, just about the outlook for loan demand. I guess there is little bit of growth in the non-covered portfolio this quarter, but I guess not enough to offset the decline in covered loans. Just wondered if you could give us sort of a breakdown of where you see loan demand in segments, in geography and when that might overtake the decline in the covered loans?
Jorge A. Junquera – CFO: Let me take a stab on that. In Puerto Rico, obviously, we have the decline in covered loans and that will be gradual over time. We are seeing – in the commercial side, we are seeing some demand in the upper end in what we would call corporate but certainly not corporate by Mainland U.S. standards, but we are seeing some demand, some investments there. Much less so, very slow loan growth and demand in the small and middle business sector. Consumer is pretty much stable with the exception of automobiles. Automobiles, we’ve seen sales go up quite a bit and that part is growing as is the mortgage portfolio. In the U.S., I would tell you that it’s – on the commercial side that we are seeing a fairly flat demand and there we have some legacy portfolios that are coming down. So, the demand we’re seeing is not enough to make up for that fall. So, finding asset sales is a key question for us.
Basel III
Ken Zerbe – Morgan Stanley: I appreciate all the color that you gave on Basel III and apologize if I missed this. But did you or could you provide what the pro forma impact to your Tier 1 common would be if you apply Basel III as of this quarter?
Richard L. Carrion – President, Chairman and CEO: Yeah, I think it’s roughly 200 basis points. But I don’t think anybody is applying Basel III tomorrow. But if that were the case, I mean, we thought it would be more meaningful to actually go through the more dynamic analysis of how it actually would get implemented, although even those things are under review, but if we were to do it right away, I think the impact is roughly 200 basis points on the common equity Tier 1, so it take us from 12.72% to 10.70% something.
Ken Zerbe – Morgan Stanley: It just helps putting everyone on the same basis. The other question I had, maybe just help us think about the reduction in NPAs. I know it’s one of your top priorities. You’ve certainly been very vocal about reducing NPAs, I think, we’ve all kind of been frustrated maybe of how slow the reduction has actually happened. When you think about going forward with the NPA reduction, what is your timing, I just want to make sure that we are all on the same page that when you think about by the end of the year, by the end 2013, these are kind of the milestones which are trying to hit, that way we cannot think about it in the right way.
Richard L. Carrion – President, Chairman and CEO: We’ll probably – I mean we’re not going to put a number out there. We certainly have a target, but as you know these deals come – Puerto Rico is a lot less liquid market than in the U.S. We’ve had a lot more successdealing with some of these things in the U.S. where it’s a much more liquid market for these assets, that’s not the case in Puerto Rico. Nonetheless, there are deals and we’ve seen some of these deals. If we see a significant deal of size that makes sense, we’re going to go ahead and do it. We think it’s a high priority for us. We are working on it. We hope to continue reducing it substantially over the next few quarters, but we don’t have a specific number that we want to put out there.
A Closer Look: Popular Earnings Cheat Sheet>>
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