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Popular Inc (BPOP.OQ)

BPOP.OQ on NASDAQ Stock Exchange Global Select Market

45.76USD
17 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Banco Popular Makes Regulatory Filing To Acquire Wells Fargo’S Auto Finance Business In Puerto Rico
Monday, 4 Jun 2018 05:32pm EDT 

June 4 (Reuters) - Popular Inc ::BANCO POPULAR MAKES REGULATORY FILING TO ACQUIRE WELLS FARGO’S AUTO FINANCE BUSINESS IN PUERTO RICO.POPULAR INC - NOW ANTICIPATE THAT TRANSACTION RELATED TO WELLS FARGO'S AUTO FINANCE BUSINESS IN PUERTO RICO WILL CLOSE DURING Q3 OF 2018.  Full Article

Popular Inc Announces Early Termination Of FDIC Shared-Loss Agreements
Wednesday, 23 May 2018 08:06pm EDT 

May 23 (Reuters) - Popular Inc ::POPULAR ANNOUNCES EARLY TERMINATION OF FDIC SHARED-LOSS AGREEMENTS.BANCO POPULAR MADE PAYMENT OF ABOUT $23.7 MILLION TO FDIC AS CONSIDERATION FOR TERMINATION OF SHARED-LOSS AGREEMENTS.BANCO POPULAR ENTERED INTO TERMINATION AGREEMENT WITH FDIC.AGREEMENT TO TERMINATE ALL SHARED-LOSS AGREEMENTS RELATED TO ACQUISITION OF ASSETS, ASSUMPTION OF CERTAIN LIABILITIES OF WESTERNBANK PUERTO RICO.UNDER TERMS OF TERMINATION AGREEMENT, BANCO POPULAR MADE A PAYMENT OF APPROXIMATELY $23.7 MILLION TO FDIC.POPULAR EXPECTED TO RECORD PRE-TAX GAIN OF APPROXIMATELY $95 MILLION.  Full Article

Popular Has Agreed To Acquire Wells Fargo’S Auto Finance Business In Puerto Rico
Wednesday, 14 Feb 2018 04:04pm EST 

Feb 14 (Reuters) - Popular Inc ::POPULAR HAS AGREED TO ACQUIRE WELLS FARGO’S AUTO FINANCE BUSINESS IN PUERTO RICO.POPULAR INC - PURCHASE PRICE FOR ALL-CASH TRANSACTION IS EXPECTED TO BE APPROXIMATELY $1.7 BILLION.POPULAR INC - PURCHASE PRICE FOR ALL-CASH TRANSACTION IS EXPECTED TO BE APPROXIMATELY $1.7 BILLION.POPULAR INC - ‍AS PART OF TRANSACTION, BANCO POPULAR WILL ACQUIRE APPROXIMATELY $1.5 BILLION IN RETAIL AUTO LOANS AND $340 MILLION IN COMMERCIAL LOANS​.POPULAR INC - ‍BANCO POPULAR WILL ALSO ACQUIRE CERTAIN OTHER ASSETS AND ASSUME CERTAIN LIABILITIES OF RELIABLE​.POPULAR INC - BANCO POPULAR WILL FUND PURCHASE PRICE WITH EXISTING LIQUIDITY.POPULAR INC - ‍POPULAR ANTICIPATES TRANSACTION TO CLOSE DURING Q2 OF 2018 AND BE ACCRETIVE TO EARNINGS​.  Full Article

Popular Inc Reports Qtrly Loss Per Share Of $1.01‍​
Tuesday, 23 Jan 2018 08:00am EST 

Jan 23 (Reuters) - Popular Inc ::POPULAR, INC. ANNOUNCES FOURTH QUARTER FINANCIAL RESULTS.POPULAR INC QTRLY LOSS PER SHARE $1.01‍​.POPULAR INC QTRLY ‍NET INTEREST INCOME $387.2 MILLION VERSUS $355.4 MILLION.POPULAR-Q4 NET LOSS REFLECTS NON-CASH INCOME TAX EXPENSE OF $168.4 MILLION, RELATED TO IMPACT OF FEDERAL TAX CUT AND JOBS ACT ON U.S. DEFERRED TAX ASSET​.POPULAR INC - ‍Q4 ADJUSTED NET INCOME OF $66.2 MILLION​.POPULAR INC - ‍"Q4 RESULTS WERE ALSO IMPACTED BY EFFECTS OF HURRICANES MARIA AND IRMA"​.POPULAR INC - ‍FOR Q4, CO ESTIMATES THAT REVENUE CAPTIONS RESULTED IN A DECREASE IN INCOME OF ABOUT $20 MILLION WHEN COMPARED TO PRE-HURRICANE LEVELS​.  Full Article

Popular Inc announces qtrly earnings per share ‍$0.19​
Tuesday, 31 Oct 2017 07:30am EDT 

Oct 31 (Reuters) - Popular Inc :Popular, Inc. Announces third quarter financial results.Popular Inc - ‍net income of $20.7 million for q3 of 2017, reflecting $79.4 million in hurricane-associated expenses and an income tax benefit of $20.0 million​.Popular Inc qtrly earnings per share ‍$0.19​.Popular Inc qtrly ‍net interest income$378.2 million versus $374.5 million.Popular Inc - ‍ while hurricane irma struck co's operations in florida, neither co's operations nor those of co's clients in region were materially impacted​.Popular-By third week of Oct, debit and credit card purchase activity from clients stood at about 55% to 65% when compared to pre-hurricane activity​.Popular- sees Q4 revenues further negatively impacted in amount representing additional $5 million - $20 million from Q3,excluding impact on valuation of MSRS​.  Full Article

Popular Inc announces qtrly earnings per share $0.94
Wednesday, 26 Jul 2017 08:00am EDT 

July 26 (Reuters) - Popular Inc ::Popular Inc announces second quarter financial results.Qtrly earnings per share $0.94.Popular Inc - net interest income for quarter ended June 30, 2017 was $374.5 million, compared to $362.1 million for previous quarter.  Full Article

Popular announces appointment of Richard Carrión as executive chairman and Ignacio Alvarez as CEO
Tuesday, 25 Apr 2017 08:00am EDT 

April 25 (Reuters) - Popular Inc :Popular announces appointment of Richard Carrión as executive Chairman and Ignacio Alvarez as Chief Executive Officer.Board intends that, over a period of three years, Carrión will transition to role of non-executive chairman.  Full Article

Popular announces qtrly net income per common share from continuing operations $0.89
Tuesday, 25 Apr 2017 08:00am EDT 

April 25 (Reuters) - Popular Inc :Popular, Inc. announces first quarter financial results.Popular Inc qtrly net interest income $362.1 million versus $352.4 million.Popular Inc qtrly net income per common share from continuing operations $0.89.Popular Inc says tangible book value per share of $43.84 at March 31, 2017.  Full Article

Popular approved increase in company's quarterly common stock dividend
Tuesday, 24 Jan 2017 08:00am EST 

Popular Inc : Approved increase in company's quarterly common stock dividend from $0.15 per share to $0.25 per share .Popular Inc - sets common stock repurchases of up to $75 million.  Full Article

Popular Reports Adverse Arbitration Award in FDIC Dispute
Wednesday, 14 Dec 2016 05:00pm EST 

Popular Inc : Popular Inc -Review board hearing one of claims submitted by Banco Popular De Puerto Rico issued arbitration award . Popular-Arbitration award in connection with FDIC's refusal to concur in certain of BPPR's proposed portfolio sales under commercial loss shared deal . Popular Inc - Arbitration Award denying BPPR's request for damages of about $88.5 million plus interest .Popular Inc - For quarter ended Dec 31, co expects to recognize pre-tax charge of about $115 million related to unreimbursed losses considered in arbitration.  Full Article