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Last $30.62 USD
Change Today -0.87 / -2.76%
Volume 1.8M
BPOP On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

209 Munoz Rivera Avenue

Hato Rey, PR 00918

United States

Phone: 787-765-9800

Fax:

Popular, Inc. operates as a financial holding company. Markets The company operates in two principal markets, Puerto Rico and Mainland United States. Puerto Rico Business The company provides retail, including residential mortgage loans originations; and commercial banking services through its principal banking subsidiary, Banco Popular de Puerto Rico (BPPR), as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. BPPR has the largest retail franchise in Puerto Rico, with 168 branches and 602 ATMs as of December 31, 2014. BPPR also operates eight branches in the U.S. Virgin Islands, one branch in the British Virgin Islands, and one branch in New York. In the Virgin Islands, BPPR had 21 ATMs as of December 31, 2014. BPPR’s deposits are insured under the Deposit Insurance Fund of the Federal Deposit Insurance Corporation (FDIC). The company’s Puerto Rico operations include those of Popular Auto, LLC, a wholly owned subsidiary of BPPR, a vehicle and equipment financing, leasing and daily rental company. The residential mortgages originations business is conducted by Popular Mortgage, a division of BPPR. In Puerto Rico, the company also offers financial advisory, investment and securities brokerage services for institutional and retail customers through Popular Securities, LLC, a wholly-owned subsidiary of the company. Popular Securities, LLC is a securities broker-dealer with operations in Puerto Rico. In addition, BPPR has various special purpose vehicles holding specific assets acquired in satisfaction of loans for real estate development projects and commercial loans. The company offers insurance and reinsurance services through Popular Insurance, LLC, a general insurance agency; and Popular Life RE, a reinsurance company. The company also owns Popular Risk Services, LLC, an insurance broker; and Popular Insurance V.I., Inc., an insurance agency operating in the Virgin Islands. Lending Activities The company concentrates its lending activities in the following areas: Commercial: Commercial loans include commercial and industrial (C&I) loans to commercial customers for use in normal business operations, finance, working capital needs, equipment purchases or other projects; and commercial real estate (CRE) loans (excluding construction loans) for income producing real estate properties, as well as owner occupied properties. C&I loans are underwritten individually and usually secured with the assets of the company and the personal guarantee of the business owners. CRE loans consist of loans for income producing real estate properties and real estate developers and the financing of owner-occupied facilities if there is real estate as collateral. Construction: Construction loans are CRE loans to companies or developers used for the construction of a commercial or residential property for which repayment would be generated by the sale or permanent financing of the property. The company’s construction loan portfolio primarily consists of retail, residential (land and condominiums), office and warehouse product types. Lease Financings: Lease financings primarily include automobile loans/leases made through automotive dealerships and equipment lease financings. Residential Mortgage: Mortgage loans include residential mortgage loans to consumers for the purchase or refinancing of a residence and also include residential construction loans made to individuals for the construction or refurbishment of their residence. The majority of these loans are financed over a 15 to 30 year term, and in various cases, the loans are extended to borrowers to finance their primary residence. In some cases, government agencies or private mortgage insurers guarantee the loan. The company’s general practice is to sell a majority of its fixed-rate originations in the secondary mortgage market. Consumer: Consumer loans include personal loans, credit cards, home equity lines of credit (HELOCs), and other loans made by banks to individual borrowers. In this area, BPPR offers four unsecured products, such as personal loans, credi

 

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Industry Analysis

BPOP

Industry Average

Valuation BPOP Industry Range
Price/Earnings 4.4x
Price/Sales 2.0x
Price/Book 0.7x
Price/Cash Flow 4.2x
TEV/Sales NM Not Meaningful
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