Popular Announces Early Termination of FDIC Shared-Loss Agreements
Popular, Inc. (BPOP)
Last popular, inc. earnings: 4/30 08:00 am
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US:NASDAQ Investor Relations:
popular.com/en/investor-relations
Company Research
Source: Business Wire
SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- Popular, Inc. (“Popular") (NASDAQ:BPOP), parent company for Banco Popular de Puerto Rico (“Banco Popular”), announced today that, on May 22, 2018, Banco Popular entered into a Termination Agreement (the “Termination Agreement”) with the Federal Deposit Insurance Corporation (the “FDIC”) to terminate all Shared-Loss Agreements in connection with the acquisition of certain assets and assumption of certain liabilities of Westernbank Puerto Rico through an FDIC-assisted transaction in 2010 (the “FDIC Transaction”). As a result of the Termination Agreement, assets that were covered by the Shared-Loss Agreements, including covered loans in the amount of approximately $514.6 million and covered real estate owned assets in the amount of approximately $15.3 million as of March 31, 2018, will be reclassified as non-covered. Banco Popular will now recognize entirely all futu
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News
- Popular, Inc. (NASDAQ: BPOP) had its price target raised by analysts at Barclays PLC from $99.00 to $105.00. They now have an "overweight" rating on the stock.MarketBeat
- Popular, Inc. (NASDAQ: BPOP) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $110.00 price target on the stock, up previously from $103.00.MarketBeat
- Popular, Inc. (NASDAQ: BPOP) had its price target raised by analysts at Wells Fargo & Company from $105.00 to $115.00. They now have an "overweight" rating on the stock.MarketBeat
- Popular, Inc. (NASDAQ:BPOP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Popular, Inc. (NASDAQ: BPOP) had its price target raised by analysts at Hovde Group from $112.00 to $113.00. They now have an "outperform" rating on the stock.MarketBeat
BPOP
Earnings
- 4/23/24 - Miss
BPOP
Sec Filings
- 4/23/24 - Form 8-K
- 4/8/24 - Form 3
- 4/3/24 - Form 4
- BPOP's page on the SEC website