Popular(BPOP)

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All You Need to Know About Popular (BPOP) Rating Upgrade to Strong Buy
ZACKS· 2025-05-19 17:01
Popular (BPOP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The po ...
New Strong Buy Stocks for May 19th
ZACKS· 2025-05-19 12:51
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Subsea 7 S.A. (SUBCY) : This company that delivers offshore projects and services for the energy sector has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 17% over the last 60 days.MAG Silver Corp. (MAG) : This precious metal company has seen the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days.Karooooo Ltd. (KARO) : This company that provides mobility softw ...
The Top 3 Most Popular U.S. Stocks Among Experienced Dividend Investors
Seeking Alpha· 2025-05-15 14:50
My name is Mike and I’m the author of The Dividend Guy Blog & The Dividend Monk along with the owner and portfolio manager here at Dividend Stocks Rock (DSR). I earned my bachelor degree in finance-marketing, own a CFP title along with an MBA in financial services. Besides being a passionate investor, I’m also happily married with three beautiful children. I started my online venture to educate people about investing and to be able to spend more time with my family. I started my career in the financial indu ...
Savor the Savings this Summer: Denny's Launches New Seasonal Menu and Extends Popular BOGO $1 Slam® Deal
GlobeNewswire News Room· 2025-05-14 14:31
Spartanburg, SC, May 14, 2025 (GLOBE NEWSWIRE) -- Summer is right around the corner, and Denny’s is ready with new fresh dishes bursting with yummy flavors. Available now for a limited time, hungry guests can head to America’s Diner for the NEW Red, White & Berry Pancake Slam, savory NEW Bacon Ranch Cheeseburger, indulgent NEW Cookie Dough Lover’s Pie, and refreshing NEW Strawberry Sparkler beverage. Denny’s has also announced that it is extending its popular Buy One Slam, Get One for $1 through June 8*. A ...
Popular(BPOP) - 2025 Q1 - Quarterly Report
2025-05-12 17:41
Financial Performance - The Corporation's net income for Q1 2025 was $177.5 million, an increase of $74.2 million from $103.3 million in Q1 2024[305]. - Adjusted net income for the quarter ended March 31, 2024, was $135.2 million, reflecting a significant increase from U.S. GAAP net income of $103.3 million[314]. - For the quarter ended March 31, 2025, total income increased to $208,019,000, up 24% from $168,078,000 in the same quarter of 2024[427]. - Net income for the quarter ended March 31, 2025, was $194,098,000, representing a 52% increase compared to $127,864,000 in the prior year[427]. Interest Income and Margin - Net interest income reached $605.6 million, up $54.9 million compared to Q1 2024, with a net interest margin expansion of 24 basis points to 3.40%[307]. - Net interest income for the quarter ended March 31, 2025, was $605.6 million, an increase of $54.9 million compared to $550.7 million in the same quarter of 2024[323]. - Net interest margin for the first quarter of 2025 was 3.40%, an increase of 24 basis points from the previous year[323]. - Net interest income on a taxable equivalent basis for Q1 2025 was $663.9 million, up by $74.3 million from the same period in 2024[323]. Credit Quality and Losses - The provision for credit losses decreased to $64.1 million, down $8.5 million from Q1 2024, reflecting improved credit quality[307]. - For the quarter ended March 31, 2025, the Corporation recorded a provision for credit losses of $63.9 million, a decrease of $8.2 million compared to the same quarter of the previous year[331]. - The provision for loan losses was $52.7 million in 2025, down from $61.0 million in the same quarter of 2024, reflecting a favorable variance of $8.3 million[346]. - The allowance for credit losses (ACL) increased by $16.1 million to $762.1 million from December 31, 2024, driven by changes in economic scenario probability weights and qualitative reserves[478]. Operating Expenses - Operating expenses totaled $471.0 million, a decrease of $12.1 million compared to Q1 2024, driven by lower FDIC special assessments[307]. - Total operating expenses decreased by $12.1 million to $471.0 million for the quarter ended March 31, 2025, compared to $483.1 million in the same quarter of 2024[338]. - Technology and software expenses rose by $4.2 million due to higher software amortization related to transformation initiatives[337]. Assets and Liabilities - Total assets increased to $74.0 billion as of March 31, 2025, up $993.2 million from December 31, 2024, mainly due to higher AFS securities and loans[307]. - Total liabilities increased to $68.2 billion at March 31, 2025, an increase of $806.6 million compared to December 31, 2024[357]. - Loans held-in-portfolio increased by $146.4 million to $37.3 billion at March 31, 2025, compared to December 31, 2024[353]. Deposits and Equity - Deposits rose to $65.8 billion, an increase of $934.9 million from December 31, 2024, attributed to higher interest-bearing deposits[308]. - Stockholders' equity increased to $5.8 billion, up $186.6 million from December 31, 2024, with a tangible book value per share of $72.02[307]. - Average deposit balances grew by $1.6 billion, with Puerto Rico public deposits at $19.6 billion, up approximately $159.2 million from the previous quarter[358]. Non-Performing Assets - Non-Performing Assets (NPAs) decreased by $41.9 million from December 31, 2024, with Non-Performing Loans (NPLs) decreasing by $36.7 million[455]. - The ratio of NPLs to total loans held-in-portfolio improved to 0.84% as of March 31, 2025, down from 0.95% on December 31, 2024[456]. - The total non-performing loans held-in-portfolio amounted to $314,069 thousand, with an ACL to NPLs ratio of 242.67% as of March 31, 2025, up from 212.68% at the end of 2024[482]. Dividends and Share Repurchase - The Corporation repurchased 1,270,569 shares for $122.3 million at an average price of $96.24 per share during Q1 2025[301]. - Dividends declared per share increased to $0.70, reflecting a 13% rise compared to the previous quarter[302]. - During the quarter ended March 31, 2025, the Corporation declared cash dividends of $0.70 per share, totaling approximately $48 million[411]. Market and Economic Conditions - The U.S. Consumer Price Index showed a year-over-year increase of 2.4% as of March 2025, while Puerto Rico's Consumer Price Index increased by 1.8% over the 12 months ending in January 2025[435]. - The Corporation's financial flexibility may be adversely affected if the banking subsidiaries cannot maintain access to funding or if adequate funding is not available[400].
2 Popular AI Stock to Sell Before They Fall 64% and 67%, According to Certain Wall Street Analysts
The Motley Fool· 2025-05-09 07:12
The S&P 500 (^GSPC 0.58%) has tumbled 4% year to date as President Trump's unorthodox trade policies have sown economic uncertainty. Companies are still spending money on artificial intelligence, but certain Wall Street recommend selling Palantir Technologies (PLTR 8.01%) and Upstart Holdings (UPST 3.23%), as detailed below:Rishi Jaluria at RBC Capital recently set Palantir with a target price of $40 per share. That implies 64% downside from its current share price of $110.Michael Ng at Goldman Sachs has se ...
Popular: Earnings To Continue To Grow Even As Loan Growth Slows Down
Seeking Alpha· 2025-05-08 13:45
The loan growth of Popular, Inc. ( BPOP ) will most probably slow down this year, but still remain positive, which will support the bottom line. Further, the average net interest margin will most probably be higher this year compared to lastAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving comp ...
Correction Alert: Popular Dividend Growth Stocks Due For A Sharp Pullback
Seeking Alpha· 2025-05-07 11:05
Group 1 - Samuel Smith has extensive experience in dividend stock research and investment, having served as lead analyst and Vice President at several firms [1] - He is a Professional Engineer and Project Management Professional with degrees in Civil Engineering & Mathematics and a Master's in Engineering focused on applied mathematics and machine learning [1] - Samuel leads the High Yield Investor investing group, collaborating with Jussi Askola and Paul R. Drake to balance safety, growth, yield, and value [2] Group 2 - High Yield Investor provides real-money core, retirement, and international portfolios, along with regular trade alerts and educational content [2] - The service includes an active chat room for like-minded investors, fostering community engagement and knowledge sharing [2]
Dividend Cut Alert: 2 Popular High Yields Getting Too Risky
Seeking Alpha· 2025-04-29 12:30
High-yield stocks often attract income-focused investors because they offer the potential to accelerate their retirement dreams by earning them higher amounts of dividends than they would otherwise if they invested in more normal or even low-yielding stocks. However, when it comes toJoin Now to Access Our Top Picks for April 2025!Your timing is perfect! We’ve just released our latest top investment picks, and by joining today, you’ll gain immediate access to these exciting opportunities.We invest thousands ...
Popular Q1 Earnings & Revenues Beat on Higher NII, Stock Rises 5.9%
ZACKS· 2025-04-24 19:25
Core Viewpoint - Popular, Inc. (BPOP) reported a strong quarterly performance with adjusted earnings per share (EPS) of $2.56, exceeding expectations and showing significant year-over-year growth [1][2]. Financial Performance - The company's net income on a GAAP basis reached $177.5 million, reflecting a 71.9% increase year over year [2]. - Total quarterly revenues amounted to $757.7 million, surpassing the Zacks Consensus Estimate of $756.1 million and increasing by 6% from the previous year [3]. - Net interest income (NII) was reported at $605.6 million, a 10% rise year over year, with the net interest margin expanding by 24 basis points to 3.40% [3]. Income and Expenses - Non-interest income decreased by 7.2% year over year to $152.1 million, primarily due to lower income from mortgage banking activities and losses on equity securities [4]. - Total operating expenses fell by 2.5% year over year to $471 million, driven by reductions in personnel costs and other operating expenses [4]. Loans and Deposits - As of March 31, 2025, total loans held-in-portfolio increased slightly to $37.3 billion, while total deposits rose by 1.4% to $65.8 billion [5]. Credit Quality - The provision for credit losses was $64.1 million, down 11.7% from the prior year, indicating improved credit quality [6]. - Non-performing assets decreased by 15.8% year over year to $366.2 million, with the non-performing assets to total assets ratio improving to 0.49% [6]. Capital Ratios - As of March 31, 2024, the Common Equity Tier 1 capital ratio and Tier 1 capital ratio were 16.11% and 16.16%, respectively, showing a decline from the previous year [7]. Share Repurchase - In the reported quarter, the company repurchased 1,270,569 shares of common stock for a total of $222.3 million [8]. Strategic Outlook - The company is positioned to benefit from its business transformation efforts and modernization of customer channels, with an increase in loans and deposits strengthening its balance sheet [9].