Popular Inc (OQ:BPOP)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 209 Ave. Ponce de Leon SAN JUAN 00918 |
| Tel: | 1-212-4176721 |
| Website: | https://www.popular.com |
| IR: | See website |
| Key People | ||
| Ignacio Alvarez President, Chief Executive Officer, Director | Manuel Chinea Executive Vice President, Chief Operating Officer of Popular Community Bank | Jorge J. Garcia Chief Financial Officer, Executive Vice President |
| Javier D. Ferrer Executive Vice President, Chief Operating Officer, Head of Business Strategy and Corporate Secretary | Eduardo J. Negron Executive Vice President and Chief Administration Officer Administration Group | Camille Burckhart Executive Vice President, Chief Information Officer, Digital Strategy Officer Innovation, Technology & Operations Group |
| Lidio V. Soriano Executive Vice President and Chief Risk Officer, Corporate Risk Management Group | Jose R. Coleman Tio Executive Vice President, Chief Legal Officer and General Counsel and Corporate Matters Group | Beatriz Castellvi Executive Vice President and Chief Security Officer Corporate Security Group | Luis E. Cestero Executive Vice President - Retail Banking Group |
| Business Overview |
| Popular, Inc. (Popular) 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 and the Caribbean. 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. 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Popular Inc interest income increased 32% to $3.25B. Net interest income after loan loss provision decreased 8% to $1.92B. Net income applicable to common stockholders decreased 51% to $539.9M. Net interest income after loan loss provision reflects Banco Popular de Puerto Rico segment decrease of 8% to $1.62B, Popular U.S. segment decrease of 7% to $336.1M, Net Interest Margin. |
| Employees: | 9,237 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,227M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,245M as of Dec 31, 2023 |
| EBITDA (TTM): | $823.99M as of Dec 31, 2023 |
| Net annual income (TTM): | $539.93M as of Dec 31, 2023 |
| Free cash flow (TTM): | $318.71M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $288.98M as of Dec 31, 2023 |
| Shares outstanding: | 72,293,713 as of Mar 14, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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