Headquartered in Hato Rey, PR Fiscal year ends December NASDAQ: BPOP popular.com
Popular, Inc. (NASDAQ: BPOP) is a diversified financial holding company and the largest financial institution in Puerto Rico by both assets and deposits, ranking among the top 50 U.S. bank holding companies by assets. Founded in 1893, its principal subsidiary, Banco Popular de Puerto Rico (BPPR), provides retail, mortgage, and commercial banking services in Puerto Rico and the U.S. and British Virgin Islands, along with auto and equipment leasing and financing, broker-dealer services through Popular Securities, and insurance services through Popular Insurance. On the U.S. mainland, the company operates Popular Bank, a New York-chartered commercial bank with branches in New York, New Jersey, and Florida that serves small and medium-sized businesses, homeowners' associations, healthcare organizations, non-profit organizations, and construction clients. The company also holds a 15.63% equity stake in Banco BHD León, a Dominican Republic bank. Popular manages approximately $76 billion in total assets, $39 billion in loans, and $68 billion in deposits across 153 branches in Puerto Rico, 36 in the U.S. mainland, and 9 in the U.S. and British Virgin Islands. Puerto Rico public sector deposits represent approximately 30% of total deposits. The investment portfolio is conservatively positioned, primarily in short to intermediate U.S. Treasury securities with a duration of 1.8 years. Popular's strategic priorities center on being the top bank for its 2.1 million customers through digital solutions and an extensive branch network, driving operational efficiency, and delivering sustainable profitable growth with a through-the-cycle ROTCE target of 14%. The company carries investment-grade ratings from Fitch (BBB- Stable) and positive outlook ratings from S&P (BB+) and Moody's (Ba1). Updated
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Popular, Inc. (NASDAQ: BPOP) is a diversified financial holding company and the largest financial institution in Puerto Rico by both assets and deposits, ranking among the top 50 U.S. bank holding companies by assets.
24/7 Wall St.'s 12-month price target for BPOP is $200.39, rated Buy. The Wall Street consensus target is $196.70. BPOP price prediction →
