Popular: profitable every year.
- Industry
- State Commercial Banks
- Ticker
- BPOP (Nasdaq)
- Sources
- SEC filings (1994–2026), Stratrix's verified Decision Cases, market data and official economic statistics
- Data as of
- November 15, 2026
- Profitable every year. Popular made money in each of its last ten fiscal years, from $0.1 billion (2017) to $1.1 billion (2022).
Financial results
| Fiscal year | Revenue | Net income |
|---|
As reported in its annual filings. Losses in red.
Has Popular had layoffs?
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 9,237 | As of December 31, 2023 |
| 10-K for 2024 | 9,406 | December 31, 2024 |
| 10-K for 2025 | 9,427 | December 31, 2025 |
Job cuts, severance and restructuring
None of Popular’s annual reports for 2023 to 2025 describes a layoff, workforce reduction or restructuring.
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $0 |
Popular filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
What has Popular acquired?
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
stock as part of the Evertec Transactions“Disposition of stock as part of the Evertec Transactions - ( 240,412 ) - Sale of foreclosed assets, including write-downs ( 22,665 ) ( 33,008 ) ( 30,098 )” 10-K for 2023 | divestiture | — | ( 240,412 ) |
daily car rental business of Popular Auto LLC“Effective December 1, 2024, Popular Auto LLC, a wholly-owned subsidiary of Banco Popular de Puerto Rico, completed the sale of its daily car rental business.” 10-K for 2024 | divestiture | Effective December 1, 2024 | — |
daily car rental business“The increase of $1.6 million was driven by higher other service fees by $7.2 million due to higher debit and credit card fees from higher customer purchase activity, partially offset by lower other operating income by $3.2 million due to lower daily car rental revenue by $3.2 million, due to the sale of the daily car rental business during the fourth quarter of 2024, and lower income from mortgage banking activities by $2.7 million mainly due to an unfavorable variance in the fair value adjustment of MSRs driven by portfolio runoff compared to the fourth quarter of 2024.” 10-K for 2025 | divestiture | during the fourth quarter of 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | $0 |
| 2017-12-31 | $0 | $0 |
| 2018-12-31 | $1.84 billion | $60.2 million |
| 2019-12-31 | $0 | — |
| 2020-12-31 | $0 | — |
| 2021-12-31 | $155.8 million | $49.2 million |
| 2022-12-31 | $0 | $116.1 million |
| 2023-12-31 | $0 | $0 |
Deal filings since 2016
What are Popular's subsidiaries?
Subsidiaries it lists
| Subsidiary | Jurisdiction |
|---|---|
| Banco Popular de Puerto Rico | Puerto Rico PR |
| PR Rent-to-Own LLC | Delaware |
| Popular Community Capital, LLC | Delaware |
| Popular Mezzanine Fund LLC | Puerto Rico |
| Popular Center Holdings LLC | Delaware |
| Popular Insurance LLC | Puerto Rico |
| Popular Securities LLC | Puerto Rico |
| Popular Risk Services LLC | Puerto Rico |
| Popular Life RE, Inc. | Puerto Rico |
| Popular RE, Inc. | Puerto Rico |
| Popular Impact Fund LLC | Delaware |
| Popular Asset Management LLC | Puerto Rico |
| Popular Capital Trust II | Delaware |
| Popular International Bank, Inc. | Puerto Rico |
| Popular Global Solutions LLC | Puerto Rico |
| Popular GS Colombia SAS | Colombia |
| Popular GS Costa Rica, SRL | Costa Rica |
| Popular North America, Inc. | Delaware |
| Popular Bank New York | — |
| Popular Equipment Finance, LLC | Delaware |
| Popular Insurance Agency USA, Inc. | Delaware |
| E-LOAN, Inc. | Delaware |
| Equity One, Inc. | Delaware |
| Popular ABS, Inc. | Delaware |
| Popular North America Capital Trust I | Delaware |
From Exhibit 21 of the 10-K for 2025. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.
Layoffs, acquisitions, competitors and subsidiaries are read from Popular’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023), as of 2026-03-02.
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 28 decision filings since 2016, each linked to the SEC, with the share return against its sector and the US market the next day and the next year (22 with market data).
- Peer comparison: against 505 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
The full data sheet downloads with the Data Plan. To see exactly what you get first, open the Boeing sample PDF or Excel.
Tools to try
- Ansoff move finderFramework: Ansoff Matrix
- Business model canvas builderFramework: Business Model Canvas
- Change readiness checkFramework: Kotter's 8-Step Change Model
- Five Forces scorerFramework: Porter's Five Forces
- SMART goal builderFramework: SMART Goals
- SWOT builderFramework: SWOT Analysis
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