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Popular (BPOP) Company Profile

Updated Sep 9, 2019
Popular has the following business profile:
Company's Full Name:Popular, Inc.
Short Name:Popular
Trading Ticker Symbol:BPOP
Primary Exchange:NASDAQ
Headquarter City/Country:San Juan, Puerto Rico
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Popular

The following details were available for trading and market data about the stock of Popular as of writing:
Current Share Price:$54.01
Previous Year's Closing Price:$47.22
Percentage Price Change (YTD):14.38%
Market Cap:$5.18 billion
52-week Price Range:$44.22 - $58.99
Dividend Per Share:$1.1
EPS (TTM):5.87
Price-Earnings (Trailing):9.21
Price-Earnings (Forward):8.22

Company Profile and Business Description for Popular

Popular, Inc. (Popular), incorporated on November 20, 1984, is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States.

BPPR

The Company's BPPR segment provides retail, mortgage and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. BPPR has retail franchise in Puerto Rico with over 170 branches and over 600 automated teller machine (ATMs). BPPR also operates over eight branches in the United States Virgin Islands, one branch in the British Virgin Islands and one branch in New York. Its Puerto Rico operations include those of Popular Auto, LLC, a subsidiary of BPPR, a vehicle and equipment financing, leasing and daily rental company. Its residential mortgages originations business is conducted by Popular Mortgage, a division of BPPR. In Puerto Rico, it also offers financial advisory, investment and securities brokerage services for institutional and retail customers through Popular Securities, LLC, a subsidiary of Popular. Popular Securities, LLC, is a securities broker-dealer. BPPR has various special purpose vehicles holding specific assets acquired in satisfaction of loans for real estate development projects and commercial loans. It offers insurance and reinsurance services through Popular Insurance, LLC, a general insurance agency, and Popular Life RE, a reinsurance company. It also owns Popular Risk Services, LLC, an insurance broker, and Popular Insurance V.I., Inc., an insurance agency operating in the Virgin Islands. Its lending activities include commercial, construction, lease financings, residential mortgage and consumer.

The Company's 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. Its construction loans are CRE loans to companies or developers used for the construction of a commercial or residential property. Its construction loan portfolio primarily consists of retail, residential (land and condominiums), office and warehouse product types. Its lease financings primarily include automobile loans/leases made through automotive dealerships and equipment lease financings. Its 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 most cases, the loans are extended to borrowers to finance their primary residence. Its 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 over four unsecured products: personal loans, credit cards, personal credit lines and overdraft protection. All other consumer loans are secured. Covered loans include loans acquired in the Westernbank Federal Deposit Insurance Corporation (FDIC)-assisted transaction, except credit cards.

BPNA

The Company's BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for its operations in the United States. It also operates PNA's subsidiary, E-LOAN, Inc. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank. Its Commercial loans include commercial and industrial (C&I) loans to commercial customers for use in normal business operations to 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 loans are CRE loans to companies or developers used for the construction of a commercial or residential property. Its construction loan portfolio primarily consists of retail, residential (land and condominiums), office and warehouse product types. Its legacy portfolio includes commercial loans, construction loans and lease financings. 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. Total mortgage loans at BPNA are $909 million. Consumer loans include personal loans, credit cards, auto loans, HELOCs and other loans made by banks to individual borrowers. In this area, BPNA offers four unsecured products: personal loans, credit cards, personal credit lines and overdraft protection.

209 Munoz Rivera Avenue, Hato Re

Peer / Competitor Companies of Major Banks Sector

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▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

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▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile  and Dividend History.

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▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile  and Dividend History.

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