Popular Inc Dossier
Qualitative Analysis
Business overview
Popular, Inc. (NASDAQ: BPOP) is the leading financial institution in Puerto Rico by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, the corporation operates primarily through its principal subsidiary, Banco Popular de Puerto Rico (BPPR), providing a comprehensive suite of retail, mortgage, and commercial banking services across Puerto Rico, the U.S. Virgin Islands, and the British Virgin Islands. In the mainland United States, the company operates through its New York-chartered banking subsidiary, Popular Bank, which maintains branches in New York, New Jersey, and Florida. Popular also offers auto and equipment leasing, broker-dealer, and insurance services through specialized subsidiaries.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
The launch of an integrated digital marketplace within Popular's mobile banking application, Mi Banco, designed to enhance customer engagement and offer exclusive merchant deals.
Expected impact: Deepens customer relationships, increases digital engagement, and expands non-interest fee income opportunities through merchant partnerships.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Includes a 10-year extension of the Merchant Acquiring Independent Sales Organization (ISO) Agreement, a 5-year extension of the ATH Network Participation Agreement, and a 3-year extension of the Master Services Agreement (MSA). This ensures long-term payment processing stability and revenue-sharing continuity.
Terms: Modified commercial agreements with revenue-sharing provisions under the ISO Agreement; Popular reduced its voting interest in Evertec to 4.5% to comply with Bank Holding Company Act requirements.