Popular Inc. reports 144% profit hike to $599.3M in ’13
January 24, 2014
Popular Inc., parent company of Banco Popular de Puerto Rico, saw its net income increase by 144 percent year over year to $599.3 million for the year ended December 2013, in comparison to the $245.2 million reported for the prior 12-month period.
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Popular submits application to repay $935M TARP funds
October 24, 2013
Popular Inc., parent company of Banco Popular de Puerto Rico, has filed its application to repay the $935 million it owes the U.S. government through the Troubled Asset Relief Program, bank CEO Richard Carrión said Wednesday upon discussing third quarter financial results.
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Popular Inc. reports $328M in 2Q net income
July 19, 2013
Buoyed by a triple-play of significant transactions, Popular Inc., Banco Popular de Puerto Rico's parent company, reported net income of $327.5 million for the quarter ended June 30, 2013, compared to a net loss of $120.3 million for the quarter ended March 31, 2013.
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New execs at AIG, EVERTEC, Popular, Radisson, SME
July 15, 2013
This week's Corporate Ladder includes a number of high-ranking executive appointments at several Puerto Rico companies.
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Popular Inc. reports 1Q loss tied to one-time charges
April 19, 2013
Popular Inc. reported a first quarter loss of $120.3 million that reflected some $189.6 million in after-tax losses and adjustments related to the sale of a bad loan portfolio and other assets.
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E-Loan expands personal finance education via Facebook
March 20, 2013
E-Loan, a wholly owned subsidiary of Popular Inc., announced Tuesday the “Wish and Win” Facebook sweepstakes, giving away $15,000 in personalized prizes to “help fans’ financial dreams come true.”
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Popular Inc. CEO Carrión moves up in NY Fed board
March 15, 2013
The Federal Reserve Bank of New York announced Friday that Popular Inc. President Richard Carrión has been elected a Class A director for a three-year term representing Group 1 which consists of banks with capital and surplus of more than $1 billion.
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Popular Inc. reports $83.9M in 4Q net income
January 25, 2013
Popular Inc. reported net income of $83.9 million for the quarter ended Dec. 31, 2012, nearly twice the $47.2 million in net income reported for the prior quarter ended Sept. 30, 2012.
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Evertec gets 15-year tax break, to invest $200M in Puerto Rico
November 5, 2012
Evertec Group, LLC has received a 15-year tax grant from the Puerto Rico government under the Tax Incentive Act 73 of 2008, in exchange for several long-term commitments including a $200 million investment during the life of the benefit, company officials said.
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Popular ‘makes a difference’ for 11th consecutive year
October 29, 2012
Popular Community Bank and Banco Popular de Puerto Rico celebrated 11 years of participation in The Points of Light Foundation & USA Weekend Today’s “Make A Difference Day” held Saturday.
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Popular Community Bank launches mobile banking app
August 22, 2012
Popular Inc.’s stateside subsidiary, Popular Community Bank, announced Tuesday the launch of its mobile banking application for iPhone and Android devices, which offers special features for small and mid-size business owners and their staff to manage finances from virtually anywhere.
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Popular reports $65.7M in 2Q net income
July 19, 2012
Popular Inc. reported Wednesday net income of $65.7 million for the second quarter ended June 30, 2012, compared with $48.4 million in net income during the prior trimester ended March 31.
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Banco Popular rebrands NY, NJ branches as ‘Popular Community Bank’
June 1, 2012
After 51 years in New York, Banco Popular, a division of Popular Inc., will become Popular Community Bank on June 4 with signage and related rebranding changes at 32 branches in New York City and seven in New Jersey.
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Popular effects 1-for-10 reverse stock split
May 31, 2012
Popular Inc. announced Wednesday that the 1-for-10 reverse split of its common stock, $0.01 par value per share, became effective Tuesday. Banco Popular de Puerto Rico's parent company's common stock is now trading on a split-adjusted basis.
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Popular announces 1-for-10 reverse stock split
May 1, 2012
Popular Inc. announced Monday that its stockholders approved a proposed 1-for-10 reverse split of its common stock, which is expected to become effective May 29.
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