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Last $33.09 USD
Change Today -0.46 / -1.37%
Volume 903.4K
BPOP On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

popular inc (BPOP) Snapshot

Open
$33.56
Previous Close
$33.55
Day High
$33.75
Day Low
$33.07
52 Week High
03/16/15 - $35.83
52 Week Low
10/15/14 - $26.53
Market Cap
3.4B
Average Volume 10 Days
626.9K
EPS TTM
$-1.25
Shares Outstanding
103.5M
EX-Date
06/8/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for POPULAR INC (BPOP)

popular inc (BPOP) Details

Popular, Inc., through its subsidiaries, provides various retail and commercial banking products and services primarily to institutional and retail customers. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; construction loans; lease financing comprising automobile loans/leases; residential mortgage and construction loans; and consumer loans, including personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers. In addition, the company provides financial advisory, investment banking, investment and securities brokerage, and insurance and reinsurance agency services. As of December 31, 2014, it owned and occupied approximately 63 branch premises and other facilities in Puerto Rico; and 94 offices comprising 16 owned and 78 leased in New York, New Jersey, and Florida. Popular, Inc. was founded in 1893 and is based in Hato Rey, Puerto Rico.

7,752 Employees
Last Reported Date: 03/2/15
Founded in 1893

popular inc (BPOP) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $1.8M
President and Chief Operating Officer
Total Annual Compensation: $794.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $839.7K
Executive Vice President of Commercial Credit
Total Annual Compensation: $420.0K
Executive Vice President of Administration Gr...
Total Annual Compensation: $385.0K
Compensation as of Fiscal Year 2014.

popular inc (BPOP) Key Developments

Popular, Inc. Declares Monthly Cash Dividends on Preferred Stock and Trust Preferred Securities, Payable on June 1, 2015

Popular, Inc. announced that it has declared a monthly cash dividend of $0.1328125 per share of 6.375% Non-cumulative Monthly Income Preferred Stock, 2003 Series A and cash dividend of $0.171875 per share of 8.250% Non-cumulative Monthly Income Preferred Stock, Series B, payable on June 1, 2015 to holders of record as of May 15, 2015. The Corporation also announced the monthly distribution of $0.1395833 per security of 6.700% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust I, and 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, 2015 to holders of record as of May 15, 2015.

Popular, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015; Provides Tax Rate Guidance for the Full Year of 2015

Popular, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $343,195,000 compared to $351,171,000 a year ago. Total interest income was $390,074,000 compared to $418,959,000 a year ago. Net interest income after provision for loan losses was $303,160,000 compared to $271,335,000 a year ago. Income from continuing operations before income tax was $106,053,000 compared to $89,768,000 a year ago. Income from continuing operations was $73,486,000 or $0.71 per basic and diluted share compared to $66,504,000 or $0.64 per basic and diluted share a year ago. Net income applicable o common stock was $73,895,000 or $0.72 per basic and diluted share compared to $85,478,000 or $0.83 loss per basic and diluted share a year ago. Adjusted income from continuing operations before income tax was $125,757,000 compared to $89,275,000 a year ago. Adjusted income from continuing operations was $90,293,000 compared to $76,803,000 a year ago. Adjusted net income was $90,293,000 compared to $76,803,000 a year ago. Return on average common equity was 7.02% compared to 7.39% a year ago. Return on average assets was 0.90% compared to 0.97% a year ago. Tangible common book value per common share (non-GAAP) was $36.33 as on March 31, 2015 against $38.71 as on March 31, 2014. On an adjusted basis, net interest income for the first quarter was $343 million, down $2 million from the fourth quarter as the benefit of one month's worth of income from Doral assets was offset by lower covered loan balances and lower day count. Net charge-offs, excluding write-downs/(recoveries), totaled $35.9 million, or an annualized 0.72% of average non-covered loans held-in-portfolio in the first quarter ended March 31, 2015, compared to $50.2 million, or 1.04%, in the fourth quarter of 2014. The decrease of $14.3 million was primarily driven by a decline of $15.8 million in the BPPR segment, mainly lower commercial NCOs. The company provided tax rate guidance for the full year of 2015. The company expects full year tax rate to approximate this quarter's 28%.

Popular Seeks Acquisitions

Carlos Vazquez, Executive Vice President and Chief Financial Officer Popular, Inc. (NasdaqGS:BPOP) said, "We will continue to pursue this opportunistic asset acquisition strategy if attractive transactions become available."

 

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Industry Analysis

BPOP

Industry Average

Valuation BPOP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.1x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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