Popular, Inc. 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 auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.
Company profile
Ticker
BPOP, BPOPO, BPOPM
Exchange
Website
CEO
Ignacio Alvarez
Employees
Location
Fiscal year end
Sector
Industry (SIC)
Former names
BANPONCE CORP, POPULAR INC
SEC CIK
Corporate docs
Subsidiaries
Popular Auto LLC • PR Rent-to-Own LLC • Popular Community Capital, LLC • Popular Mezzanine Fund LLC • Popular Center Holdings LLC • Popular Insurance LLC • Popular Securities LLC • Popular Risk Services LLC • Popular Life RE, Inc. • Popular RE, Inc. ...
IRS number
660667416
BPOP stock data
Analyst ratings and price targets
Latest filings (excl ownership)
ARS
2022 FY
Annual report to shareholders
29 Mar 23
DEFA14A
Additional proxy soliciting materials
29 Mar 23
DEF 14A
Definitive proxy
29 Mar 23
8-K
Entry into a Material Definitive Agreement
13 Mar 23
424B2
Prospectus for primary offering
10 Mar 23
8-K
Popular, Inc. Announces Pricing of Public Offering of $400,000,000 Principal Amount of its 7.25% Senior Notes due 2028
9 Mar 23
FWP
Free writing prospectus
8 Mar 23
424B2
Prospectus for primary offering
8 Mar 23
10-K
2022 FY
Annual report
1 Mar 23
8-K
Popular, Inc. Declares a Cash Dividend of $0.55 per Common Share
28 Feb 23
Transcripts
BPOP
Earnings call transcript
2022 Q4
25 Jan 23
BPOP
Earnings call transcript
2022 Q3
26 Oct 22
BPOP
Earnings call transcript
2022 Q2
30 Jul 22
BPOP
Earnings call transcript
2022 Q1
26 Apr 22
BPOP
Earnings call transcript
2021 Q4
27 Jan 22
BPOP
Earnings call transcript
2021 Q3
20 Oct 21
BPOP
Earnings call transcript
2021 Q2
22 Jul 21
BPOP
Earnings call transcript
2021 Q1
28 Apr 21
BPOP
Earnings call transcript
2020 Q4
28 Jan 21
BPOP
Earnings call transcript
2020 Q3
28 Oct 20
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 476.16 mm | 476.16 mm | 476.16 mm | 476.16 mm | 476.16 mm | 476.16 mm |
| Cash burn (monthly) | 516.12 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 1.55 bn | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | -1.07 bn | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | -2.1 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 311 |
| Opened positions | 70 |
| Closed positions | 55 |
| Increased positions | 94 |
| Reduced positions | 107 |
| 13F shares | Current |
|---|---|
| Total value | 4.02 tn |
| Total shares | 61.29 mm |
| Total puts | 68.50 k |
| Total calls | 67.70 k |
| Total put/call ratio | 1.0 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 8.51 mm | $564.10 bn |
| Dimensional Fund Advisors | 4.05 mm | $271.40 bn |
| T. Rowe Price | 3.60 mm | $240.72 bn |
| BLK Blackrock | 3.40 mm | $225.31 bn |
| Polaris Capital Management | 2.84 mm | $188.08 bn |
| AMP Ameriprise Financial | 2.39 mm | $158.64 bn |
| STT State Street | 2.36 mm | $157.84 bn |
| Wellington Management | 2.33 mm | $154.20 bn |
| T. Rowe Price Investment Management | 2.28 mm | $152.66 bn |
| Hotchkis & Wiley Capital Management | 1.96 mm | $129.74 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 Feb 23 | Jose R. Coleman-Tio | Common Stock Par Value $0.01 per share | Grant | Acquire A | No | No | 0 | 2,935 | 0.00 | 10,656.614 |
| 27 Feb 23 | Jorge J. Garcia | Common Stock Par Value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,911 | 0.00 | 10,751.137 |
| 27 Feb 23 | Maria Cristina Gonzalez-noguera | Common Stock Par Value $0.01 per share | Grant | Acquire A | No | No | 0 | 2,786 | 0.00 | 7,634.431 |
| 27 Feb 23 | Lidio Soriano | Common Stock Par Value $0.01 per share | Payment of exercise | Dispose F | No | No | 71.56 | 1,320 | 94.46 k | 98,249.383 |
| 27 Feb 23 | Lidio Soriano | Common Stock Par Value $0.01 per share | Grant | Acquire A | No | No | 0 | 4,822 | 0.00 | 99,569.383 |
| 27 Feb 23 | Lidio Soriano | Common Stock Par Value $0.01 per share | Grant | Acquire A | No | No | 0 | 3,563 | 0.00 | 94,747.383 |
| 27 Feb 23 | Eduardo J. Negron | Common Stock Par Value $0.01 per share | Payment of exercise | Dispose F | No | No | 71.56 | 1,206 | 86.30 k | 44,976.753 |
| 27 Feb 23 | Eduardo J. Negron | Common Stock Par Value $0.01 per share | Grant | Acquire A | No | No | 0 | 4,255 | 0.00 | 46,182.753 |
| 27 Feb 23 | Eduardo J. Negron | Common Stock Par Value $0.01 per share | Payment of exercise | Dispose F | No | No | 71.56 | 97 | 6.94 k | 41,927.753 |
| 27 Feb 23 | Eduardo J. Negron | Common Stock Par Value $0.01 per share | Grant | Acquire A | No | No | 0 | 3,077 | 0.00 | 42,024.753 |
News
RBC Capital Maintains Outperform on Popular, Lowers Price Target to $64
24 Mar 23
Stocks That Hit 52-Week Lows On Friday
10 Mar 23
Benzinga's Top Ratings Upgrades, Downgrades For January 26, 2023
26 Jan 23
Keefe, Bruyette & Woods Downgrades Popular to Market Perform, Lowers Price Target to $74
26 Jan 23
Piper Sandler Maintains Overweight on Popular, Lowers Price Target to $80
26 Jan 23
Press releases
Popular, Inc. Announces Pricing of Public Offering of $400,000,000 Principal Amount of Its 7.25% Senior Notes Due 2028
9 Mar 23
Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities
3 Mar 23
Popular, Inc. Declares a Cash Dividend of $0.55 per Common Share
28 Feb 23
Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities
3 Feb 23
Popular, Inc. Announces Fourth Quarter 2022 Financial Results
25 Jan 23