BPOP - Popular, Inc.

Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities

SAN JUAN, Puerto Rico, June 02, 2023--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:

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Popular, Inc. Declares a Cash Dividend of $0.55 per Common Share

SAN JUAN, Puerto Rico, May 11, 2023--Popular, Inc. (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.55 per share on its outstanding common stock. The dividend will be payable on July 3, 2023 to shareholders of record at the close of business on June 1, 2023.

AM Best Affirms Credit Ratings of Popular Life Re

OLDWICK, N.J., April 26, 2023--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 insurance 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.

Popular, Inc. Announces First Quarter 2023 Financial Results

SAN JUAN, Puerto Rico, April 26, 2023--Popular, Inc. (the "Corporation," "Popular," "we," "us," "our") (NASDAQ:BPOP) reported net income of $159.0 million for the quarter ended March 31, 2023, compared to net income of $257.1 million for the quarter ended December 31, 2022. Excluding the effects of the partial release of $68.2 million of the deferred tax asset valuation allowance, the net income for the fourth quarter was $188.9 million.

Popular, Inc. to Report First Quarter Results and Hold Conference Call on Wednesday, April 26, 2023

SAN JUAN, Puerto Rico, March 31, 2023--Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the first quarter ending March 31, 2023, before the market opens on Wednesday, April 26, 2023.

Popular, Inc. Announces Pricing of Public Offering of $400,000,000 Principal Amount of Its 7.25% Senior Notes Due 2028

SAN JUAN, Puerto Rico, March 09, 2023--Popular, Inc. ("Popular") (NASDAQ:BPOP) announced today that it has agreed to sell an aggregate of $400,000,000 principal amount of its 7.25% Senior Notes due 2028 (the "Senior Notes"). Popular intends to use the net proceeds from the offering to redeem or repay in full the $300 million aggregate principal amount of its outstanding 6.125% Senior Notes due on September 14, 2023 (the "2023 Senior Notes").

Popular, Inc. Announces Fourth Quarter 2022 Financial Results

SAN JUAN, Puerto Rico, January 25, 2023--Popular, Inc. (the "Corporation," "Popular," "we," "us," "our") (NASDAQ:BPOP) reported net income of $257.1 million for the quarter ended December 31, 2022, compared to net income of $422.4 million for the quarter ended September 30, 2022. Excluding the effects of the partial release of $68.2 million of the deferred tax asset valuation allowance, the net income for the fourth quarter was $188.9 million. The net income for the third quarter was $195.8 mill

Popular, Inc. to Report Fourth Quarter Results and Hold Conference Call on Wednesday, January 25, 2023

SAN JUAN, Puerto Rico, December 29, 2022--Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the fourth quarter ending December 31, 2022, before the market opens on Wednesday, January 25, 2023.

Popular, Inc. Announces Third Quarter 2022 Financial Results

SAN JUAN, Puerto Rico, October 26, 2022--Popular, Inc. (the "Corporation," "Popular," "we," "us," "our") (NASDAQ:BPOP) reported net income of $422.4 million for the quarter ended September 30, 2022, compared to net income of $211.4 million for the quarter ended June 30, 2022. Excluding the effects of the previously announced Evertec Transactions completed during the third quarter, net income was $195.8 million

CORRECTING and REPLACING Popular, Inc. to Report Third Quarter Results and Hold Conference Call on Wednesday, October 26, 2022

SAN JUAN, Puerto Rico, October 15, 2022--Fourth paragraph, end of second sentence of release dated Sept. 30, 2022 should read: ...available one hour after the end of the conference call through Thursday, November 24, 2022. (instead of ...available one hour after the end of the conference call through Thursday, August 25, 2022.).

Popular, Inc. to Participate in the BancAnalysts Association of Boston Conference

SAN JUAN, Puerto Rico, October 13, 2022--Popular, Inc. (NASDAQ: BPOP) announced today that it will participate in the upcoming BancAnalysts Association of Boston (BAAB) Conference. Carlos J. Vázquez, Executive Vice President and Chief Financial Officer of Popular, Inc., is scheduled to speak on Friday, November 4, 2022 at 9:00 a.m. Eastern Time.

Popular Announces Entry into $231 Million Accelerated Share Repurchase Agreement

SAN JUAN, Puerto Rico, August 25, 2022--Popular, Inc. ("Popular" or the "Corporation") (NASDAQ: BPOP) announced today that on August 24, 2022 it entered into an accelerated share repurchase agreement (the "ASR Agreement") to repurchase an aggregate of $231 million of Popular’s common stock.

Popular Sells Shares of EVERTEC in Secondary Public Offering and in Private Sale to EVERTEC

SAN JUAN, Puerto Rico, August 15, 2022--Popular, Inc. ("Popular") (NASDAQ:BPOP) completed the sale of its remaining 7,065,634 shares (the "Shares") of common stock of EVERTEC, Inc. ("EVERTEC") (NYSE:EVTC). Popular sold 6,262,293 of the Shares in an underwritten public offering of EVERTEC’s common stock. J.P. Morgan Securities LLC acted as sole book-running manager, BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley acted as lead managers and Hovde Group, LLC, Keefe, Bruyette & Woods, A

Popular, Inc. Announces Second Quarter 2022 Financial Results

SAN JUAN, Puerto Rico, July 28, 2022--Popular, Inc. (the "Corporation," "Popular," "we," "us," "our") (NASDAQ:BPOP) reported net income of $211.4 million for the quarter ended June 30, 2022, compared to net income of $211.7 million for the quarter ended March 31, 2022.

Popular Completes Acquisition of Key Customer Channels and Enters into Amended Commercial Contracts with Evertec

SAN JUAN, Puerto Rico, July 01, 2022--Popular, Inc. ("Popular" or the "Corporation") (NASDAQ: BPOP) announced today that its wholly owned subsidiary, Banco Popular de Puerto Rico ("BPPR"), has completed its previously announced acquisition of certain assets and assumption of certain liabilities used by Evertec Group, LLC ("Evertec Group"), a wholly owned subsidiary of Evertec, Inc. ("Evertec") (NYSE: EVTC), to service certain BPPR channels.

Popular, Inc. to Report Second Quarter Results and Hold Conference Call on Thursday, July 28, 2022

SAN JUAN, Puerto Rico, June 30, 2022--Popular, Inc. (NASDAQ:BPOP) announced today that it expects to report its financial results for the second quarter ending June 30, 2022, before the market opens on Thursday, July 28, 2022.